Jack
Active Member
They must of paid GoRack at least once and they left GoRack due to multiple reasons.Not hard to be "profitable" when the last two providers they used they never paid.
They must of paid GoRack at least once and they left GoRack due to multiple reasons.Not hard to be "profitable" when the last two providers they used they never paid.
They broke their contract outright with GoRack, came in with a check and swapped out all their e3's with 1990's era P3's saying it was a hardware upgrade. Needless to say the check bounced.They must of paid GoRack at least once and they left GoRack due to multiple reasons.
No doubt.Not hard to be "profitable" when the last two providers they used they never paid.
And that folks is that federal felony for passing a big rubber check BurstNet alluded toThey broke their contract outright with GoRack, came in with a check and swapped out all their e3's with 1990's era P3's saying it was a hardware upgrade. Needless to say the check bounced.
Which means nothing. You can lease cars and use a credit card for everything else. You don't need money to have things, just enough for the down payment and "promise" to pay it back later. You can also avoid paying bills, which would raise your net profit on the "books".Well they must profit? Josh I know has a macbook from looking at email headers with him and is driving round PA in a Porsche 911 and has been seen in Aston Martins and other sport cars.
Typically, if someone isn't paying the business expenses on stuff like leased servers and datacenters they aren't paying on their sports cars either.Which means nothing. You can lease cars and use a credit card for everything else. You don't need money to have things, just enough for the down payment and "promise" to pay it back later. You can also avoid paying bills, which would raise your net profit on the "books".
Didn't think about that, was half asleep when I wrote that post.Which means nothing. You can lease cars and use a credit card for everything else. You don't need money to have things, just enough for the down payment and "promise" to pay it back later. You can also avoid paying bills, which would raise your net profit on the "books".
I know where you are coming from. My comment was only posted based on my past experience with BurstNET.You guys that are sticking behind VD here are way off....
I say that, knowing some of the specifics behind both of the disasters from VD, including the amounts they abandoned and walked out on in past-due funds from GoRack
Also we have a great relationship with their Leasing Vendor. Like BurstNet we also frequently refer smaller hosts to them and help smaller colocation clients obtain financing to grow. A simple fact is leasing companies DO NOT want to take back hardware, often times before taking the actions of repossession they will contact a partner, such as ourselves (without disclosing the client in trouble) letting us know they will be taking back X,Y,Z would we be interested in taking the hardware. Within the last month, during a visit to our offices the leasing company let us know they had a significant client in the "north east" that was significantly behind and they were starting to take action. We had asked them to make an introduction as we may be interested in assuming the assets (with client approval) that client never followed up
Additionally, I know what things cost (the servers), space, power, network, etc.
There is no secret sauce here, you cannot over-subscribe physical assets or your financing... things have costs you cannot avoid. Their costs simply were greater than their incoming revenue.
Their initial launch of the $49 E3 would have been great as a marketing promotion of a limited inventory to use as a loss leader to build brand identity. Unfortunately they carried that through as a standard product which is simply unsustainable.
Has that been confirmed ? Heard the Burst eye spy part and the trail to the local STD clinic where the new datacenter was located (which also is in a big time flood zone).Yeah they made their own datacenter, for the 3rd time. Duh
Both leased?Well they must profit? Josh I know has a macbook from looking at email headers with him and is driving round PA in a Porsche 911 and has been seen in Aston Martins and other sport cars.
It's easy to have profit when you never pay your vendors.Well they must profit? Josh I know has a macbook from looking at email headers with him and is driving round PA in a Porsche 911 and has been seen in Aston Martins and other sport cars.
It's easy to have profit when you never pay your vendors.
I could offer $10/y 2GB's if I used stolen equipment, never had to pay my datacenters or my guys, etc.
Francisco