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Try strong arming him for $15K, and he'll take the $15K from the
other guy and stiff you. Best bet is to try to get the $15K on the
books such that he can't make a "profit" from it.
bp
<part15sbs{at}gmail{dot}com>
On 7/19/2019 6:27 PM, Joshua Samuels
wrote:
I guess I'll play devil's advocate here but why
don't you just strong arm him at this point? You're owed 15k in
the rear. 250 subs even at $50/month is around $12,500/m. I know
you don't want the company but the billing should still be good.
Customers should still be paying for service. If you drop his
transit those customers are gonna leave looking to go somewhere
else.
I'd get him to sign over the company for the past amount
due. Redirect all billing and keep providing services as you
currently are. Look to off load the company to someone else if
you don't want it but at least you'd get some of your money
back over the next few months.
If he says no then go ahead and flip that
switch. Consider it a lesson and a loss.
Got it. I do wish I was wrong about that
though. It would make my portfolio look better.
I think I was agreeing with you,
that buying unproductive assets because of 5G is
unlikely. If that even made sense, they wouldn’t
just be thinking about it now.
From: AF <af-boun...@af.afmug.com>
On Behalf Of Lewis Bergman
Sent: Tuesday, July 16, 2019 4:04 PM
To: AnimalFarm Microwave Users Group <af@af.afmug.com>
Subject: Re: [AFMUG] Wisp value
Yes, I do believe they have
been planning for a while. What's your point? I
have purchased towers from all of the largewst
tower providers and sold to them as well. I
haven't seen any interest in anything that has no
revenue stream. I would be thrilled to learn I am
wrong though because I own some of those.
You don’t think the
cellcos have been planning for 5G for the
past 3-5 years? I would think the unknown
would maybe be T-Mobile/Sprint.
I’ll believe AT&T’s
powerline guided mmWave feeding tons of
small cellsites in rural areas when I see
it. But even that goes on utility poles,
not towers.
From: AF <af-boun...@af.afmug.com>
On Behalf Of Lewis Bergman
Sent: Tuesday, July 16, 2019 3:42 PM
To: Matt Hoppes <mattli...@rivervalleyinternet.net>
Cc: AnimalFarm Microwave Users Group
<af@af.afmug.com>
Subject: Re: [AFMUG] Wisp value
I would be interested
in the total of those transactions. My
experience may be out of date in that 5G
might encourage them to buy unproductive
assets. Or, what they bought might be part
of a much larger deal that fits my earlier
statement. Who knows.
Oh? That's news to
me... American seems to be buying up
tons of cold
steel with no customers on them.
On 7/16/19 3:01 PM, Lewis Bergman wrote:
> A tower company won't want a tower
bought in eBay.
> They want towers that have ASR,
environmental certs, 2 carrier, etc.
> They also are not interested in
towers without good annual revenue
> numbers. You might be able to ditch
some in a bundle with revenue
> producing towers but those will be
deducted but added from the number.
>
> On Tue, Jul 16, 2019, 1:54 PM Colin
Stanners <cstann...@gmail.com
> <mailto:cstann...@gmail.com>>
wrote:
>
> At least in our area, tower
companies (mostly older 2-way providers)
> are not buying / building many
towers - most of the builds outside
> of WISPs are cell carriers, who
will only use heavier-duty towers
> than what most WISPs will
build.
>
> On Tue, Jul 16, 2019 at 1:50 PM
Matt Hoppes
> <mattli...@rivervalleyinternet.net
> <mailto:mattli...@rivervalleyinternet.net>>
wrote:
>
> Remove? Why not sell them
to a tower company?
>
> On 7/16/19 12:44 PM, CBB -
Jay Fuller wrote:
> >
> > 1) if he doesn't have
the money you're not going to get it.
> > 2) i've been thinking
about this a lot lately too. everyone
> who only
> > values based on
annual revenue (as i used to do and have
made
> several
> > purchases based on
that) is probably not taking into
account
> owned
> > vertical real
estate. a lot of times smaller wisps
are only
> renting
> > water tanks or
someone else's tower but as you get
bigger you
> tend to
> > build. i think we
must own at least 15 towers...i'm not
> sure. we don't
> > own the land (we own
SOME of the land) but we do own the
towers.
> > if you're shutting
down, there is money involved in
REMOVING
> those towers.
> >
> > ----- Original
Message -----
> > *From:* TJ Trout
<mailto:t...@voltbb.com
> <mailto:t...@voltbb.com>>
> > *To:* AnimalFarm
Microwave Users Group
> <mailto:af@af.afmug.com
<mailto:af@af.afmug.com>>
> > *Sent:* Tuesday,
July 16, 2019 3:59 AM
> > *Subject:*
[AFMUG] Wisp value
> >
> > I've been
mentoring a friend of mine, he's young
and rather
> > ambitious. He
started out his 'wisp' using a
residential
> cable
> > connection, I've
helped him for basically free for the
> last three
> > years grow his
base to 250 customers, he just last week
> acquired a
> > failing wisp with
65 subs on a no money down, pay us a
> commission
> > basis. I've been
managing most of his core network and
> providing him
> > IPv4 and transit
for a steal of a price, I even loaned
him a
> > substantial
amount of cash recently to buy a bunch
of surplus
> > equipment. Well
anyway I guess he got caught with
another
> women and
> > his wife is
demanding he shut down or sell the wisp
for
> > whatever reason,
he called and put this all on my plate
> today.
> >
> > Instead of
offering to sell me the company (I don't
> really want it)
> > he tellse that
he's going to try selling to a local
> competitor whom
> > I consider
slightly a better personal than a child
molester.
> >
> > So anyway I'll
try to stop rambling, what's a wisp
Worth
> these days?
> > Gross revenue for
a year is what I figure (max) with his
> all used
> > ubnt equipment?
> >
> > The other dilemma
is that he's about 3 months behind on
> his transit
> > and his note is
due for repayment Monday ~$15k total.
> >
> > I need a way to
ensure I get paid current and I don't
let
> him get
> > behind during the
'sale'. I was thinking to quit being
> the nice guy
> > and demand the
past due balance + the note in full + 3
months
> > transit in
advance so I don't get screwed during
the sale
> process if
> > he gets behind
again. I don't know if he can even come
up
> with the
> > money and my only
leverage is to turn his port down... I
> have a
> > strange feeling
he may try to stall me as long as
> possible until the
> > competition can
thing in transit and run off without
> paying the bill....
> >
> >
> > Sorry for he
rant, just sick of helping people
because
> every time I
> > do I end up
regretting it.
> >
> > TJ
> >
> >
>
------------------------------------------------------------------------
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