w00t!

BeerCheeze · Posted: Mon, 03 Apr 2006 18:49:25 Post Subject:

Did they get bought? And therefore the new company should have the money, or at least the "old" one should.

knight0334 · Posted: Mon, 03 Apr 2006 19:04:14 Post Subject:

The cable systems were sold from our parent company, the company remains doing what it started off doing-buying/selling central office switching equipment. The former owners of Adelphia now own our systems under their new company name "Zito Media". They took with them my (4) technicians, and (1) office rep. Our accountant/VP was hired on by John Regas to be an axe man for one of his other companies.

The cable systems were sold for $3.5M, but the company was in the hole $5M. The money from the sale went straight towards the debt.

Right now theres not enuff sales revenue generated to support the company. ...even counting the $45hr I bill for contract stuff and the $52hr my dad bills for his.

I had to send our warehouse guy down to Pittsburgh with a truck load of copper from our recycling dept to get fund to cover our pay checks a couple weeks ago. Good thing copper is selling for over $2.00 a pound...

BeerCheeze · Posted: Mon, 03 Apr 2006 19:05:26 Post Subject:

ACK!!!!!!! RUN RUN RUN!!! Laughing

knight0334 · Posted: Mon, 03 Apr 2006 19:13:01 Post Subject:

BeerCheeze · Posted: Mon, 03 Apr 2006 21:07:22 Post Subject:

Cable companies do make money. It's just very VERY hard on the small ones. That's why there is pretty soon only going to be like 2 or 3 companies.

knight0334 · Posted: Mon, 03 Apr 2006 21:51:27 Post Subject:

I cant say the dont make money.. we were clearing about $10K for 1400 tv customers (basic to everything) and 480 +/- broadband subs. But that money came in to Treasure Lake Communications, one of our sub companies. The 4 systems we had left of the "DuCom Cable" had about 1500 tv only subs and only cleared about $2K.

Now figure in FCC copyright fees, never ending system repair, and other stuff.. we didn't clear much.

Broadcasters take about 20-50% of the money we got in, then fees, taxes, wages, utilites..

knight0334 · Posted: Thu, 06 Apr 2006 09:25:22 Post Subject:

Started my first day of vacation today. ..pretty nice to have some time off for the first time in 5 years.

BeerCheeze · Posted: Thu, 06 Apr 2006 10:17:48 Post Subject:

Slacker.

knight0334 · Posted: Thu, 06 Apr 2006 10:27:47 Post Subject:

bite me. lol 5 years!! call me a slacker will ya..

Trying to get ahold of Charlie to see if he wants to meet up at Hooters again.

BeerCheeze · Posted: Thu, 06 Apr 2006 10:47:16 Post Subject:

Becareful on the old man... He might start to get a woody, and then his old heart might exploded. Laughing