You can always take the tax loss so that is worth $5K assuming you are
profitable.
Then issue a 1099 for $15K to him and that will cost him $5K no matter what.
From: Bill Prince
Sent: Friday, July 19, 2019 8:16 PM
To: af@af.afmug.com
Subject: Re: [AFMUG] Wisp value
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.
On Tue, Jul 16, 2019 at 7:17 PM Lewis Bergman <lewis.berg...@gmail.com> wrote:
Got it. I do wish I was wrong about that though. It would make my portfolio
look better.
On Tue, Jul 16, 2019, 5:34 PM Ken Hohhof <af...@kwisp.com> wrote:
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.
On Tue, Jul 16, 2019 at 3:54 PM Ken Hohhof <af...@kwisp.com> wrote:
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.
On Tue, Jul 16, 2019 at 2:03 PM Matt Hoppes
<mattli...@rivervalleyinternet.net> wrote:
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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> >
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Lewis Bergman
325-439-0533 Cell
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