🚀 go-pugleaf

Alright Tim; Here's the deal.  He offers you one months revenue for your
1/3.
You counter offer him 2.5 months for his 2/3.  I arrange financing for
you to buy him
out and we sell it at market value in which we both get 1/2 the profits.

If it is a partnership he must either accept your counter offer or up
his until
it gets right.  However IANAL but I am sure your attorney will help you
with the financing for an ISP with 600 customers and equipment.


-----Original Message-----
From: Jerry Wright <jwright@qwksilvr.com>
To: inet-access@earth.com <inet-access@earth.com>
Date: Friday, November 21, 1997 4:57 PM
Subject: Re: Valuing an ISP


>Hello again, Tim.  I'm leaving because I'm allowed no input into the
>company anymore.  And there is no money, it says here.  The office
staff is
>my partner's daughter.  I went to a seminar on IIS, put it on my credit
>card with the understanding (at least on my part) that I would be
>re-imbursed by the company.  Hah!  The company paid for the first
seminar
>(on NT) and I found it informative enough that I wanted to attend the
>second one the next day.
> We had a young man who wanted a dedicated line (33.6) and was going to
>stick a proxy server on it, get a couple of lines and sell service.
"We
>can't have that, he's taking customers away from us.  We sell a
dedicated
>line for $150.00, but we could put 10 customers on it instead and make
>$200.00!"  So he refused, and my input (Go for it) was ignored.  He
>e-mailed Internic to try to get me removed as Technical contact.  (He's
>administrative.)  Of course Internic e-mailed me and I NAKed it.
> Oh well.  Seeing a lawyer (with a copy of our corporate agreement) on
>Monday.
>
>                   Thanks to you ALL!!!
>
>
>----------
>> From: Tim Harrison <tharrison@orc.ca>
>> To: inet-access@earth.com
>> Subject: Re: Valuing an ISP
>> Date: Friday, November 21, 1997 5:37 AM
>>
>> On Fri, 21 Nov 1997, Jerry Wright wrote:
>>
>> > Hi Tim.  He and his son own the other 2/3rds.  His son is a
contributor
>> > of capital, with little knowledge of computers.
>>
>> Have you talked to his son about this?
>*
>YES.  Son does what Dad wants, at least in the Business...
>*
>>
>> >   I have repeatedly asked for the financials, and have had no
success.
>> > He says that he will have them for me on Friday.  We'll see.
However,
>> > he changed bookkeepers, and the lady now doing the books is the
wife of
>> > a friend.  (My partner was unaware of this at the time.)
>>
>> Make sure you get the information before making any decisions.  I
doubt
>> things are quite as they seem.
>>
>> Why is he asking you to sell out/why are you thinking of leaving?
>>
>> Pardon, I've deleted the original post, and it might be in there.
>>
>>
>> Tim Harrison
>> Superior Internetworking
>> http://www.superiornet.com/
>> tharrison@orc.ca
>>
>
>