Hello Brian, WHAT!!!! DEBT FREE!!!! You can't do that!!!! That will disrupt the time space continuum thingee..... Didn't you know ISP's are supposed to not make money?????
Get a grip man........ :-) Barry Wednesday, August 24, 2005, 10:33:19 AM, you wrote: BR> I plan to be debt free in a year, so I hope to be ok. Everyone all paid BR> off and ready to roll. BR> Matt Liotta wrote: >> I wouldn't worry about it since the way you did it put the investors >> at risk more so than you. There is a better way to do it and before >> your company gets too successful you may want to visit a lawyer and >> get things cleaned up. >> >> -Matt >> >> Brian Rohrbacher wrote: >> >>> Just typed up something on the laptop that said, "I owe you "this" >>> much", and we both signed it. Not fancy, but a little better than an >>> oral agreement. I won't miss a payment and will pay them back if it >>> takes closing the WISP and working 3 jobs. Missing payments is not >>> an option. Only if I'm laid up in the hospital. Personal >>> guaranteed? Well, I told them I will pay it back... I know the >>> agreement leaves a lot open, but I trust these 4 people. Anyway, so >>> they are not investors. Lastly, lets just leave me be about this :) >>> I'd rather not try to defend a million questions about what if this >>> and what if that. It is what I did and it is done. >>> >>> Charles Wu wrote: >>> >>>> that would be a loan >>>> what type of collateral do they have? or what happens if you miss a >>>> payment? >>>> have you personally guaranteed the money? >>>> >>>> -Charles >>>> >>>> >>>> >>>> ------------------------------------------- >>>> WISPNOG Park City, UT >>>> http://www.wispnog.com <http://www.wispnog.com/> >>>> August 15-17, 2005 >>>> >>>> -----Original Message----- >>>> *From:* [EMAIL PROTECTED] >>>> [mailto:[EMAIL PROTECTED] *On Behalf Of *Brian Rohrbacher >>>> *Sent:* Monday, August 22, 2005 10:20 PM >>>> *To:* WISPA General List >>>> *Subject:* Re: [WISPA] Taking on an investor? >>>> >>>> Well, I guess we would call them loans as I have all control. >>>> Correct me if I am wrong. They gave me money at a fixed rate. >>>> Loans or investments? >>>> >>>> Charles Wu wrote: >>>> >>>>> well...in determing their "dumbness" (assuming you're willing to >>>>> divulge this information) - what sort of investment / equity >>>>> share / control do your investors have? >>>>> I mean...assuming it's you and the other 4, does everyone >>>>> have >>>>> an equal share? (which is a different story all together) or >>>>> does 1 single person have a majority share and the other 4 are >>>>> minority partners >>>>> -Charles >>>>> >>>>> ------------------------------------------- >>>>> WISPNOG Park City, UT >>>>> http://www.wispnog.com <http://www.wispnog.com/> >>>>> August 15-17, 2005 >>>>> >>>>> -----Original Message----- >>>>> *From:* [EMAIL PROTECTED] >>>>> [mailto:[EMAIL PROTECTED] *On Behalf Of *Brian >>>>> Rohrbacher >>>>> *Sent:* Monday, August 22, 2005 8:05 PM >>>>> *To:* WISPA General List >>>>> *Subject:* Re: [WISPA] Taking on an investor? >>>>> >>>>> Well, I guess I found four "dumb" people that got me >>>>> started. All my start up funds came from 4 people. All >>>>> four were subs from a previous WISP I owned, (before my >>>>> partner took everything over and left me out in the cold) >>>>> they all said, "I want you providing service, not the "other >>>>> guy". So here I am. 7 months in and going strong. Oh, >>>>> almost forgot, like my lawyer has me say......all that is >>>>> just my opinion. ;-) I think "dumb" investors >>>>> are great! >>>>> Charles Wu wrote: >>>>> >>>>>> sure >>>>>> a passive minority equity position stake in a >>>>>> privately >>>>>> held company is worthless, as legally, the person with the >>>>>> majority stake can make 100% of the decisions (in terms of >>>>>> purchasing, spending, cash distribution, etc) >>>>>> think about it, if it was your money, would you >>>>>> be willing >>>>>> to just "invest it" into a company when the majority >>>>>> partner can do whatever he/she wants to and you have no >>>>>> recourse? >>>>>> -Charles >>>>>> >>>>>> ------------------------------------------- >>>>>> WISPNOG Park City, UT >>>>>> http://www.wispnog.com <http://www.wispnog.com/> >>>>>> August 15-17, 2005 >>>>>> >>>>>> -----Original Message----- >>>>>> *From:* [EMAIL PROTECTED] >>>>>> [mailto:[EMAIL PROTECTED] *On Behalf Of >>>>>> *Dylan Oliver >>>>>> *Sent:* Monday, August 22, 2005 4:10 PM >>>>>> *To:* WISPA General List >>>>>> *Subject:* Re: [WISPA] Taking on an investor? >>>>>> >>>>>> Charles, >>>>>> >>>>>> would you expand on that? >>>>>> >>>>>> On 8/22/05, *Charles Wu* <[EMAIL PROTECTED] >>>>>> <mailto:[EMAIL PROTECTED]>> wrote: >>>>>> -- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
