Wednesday, April 28, 2010

Hello,

Not much new information going around but alot of rumors to the information that is going around.

1st The 1.9 Billion loan basically makes Bob the only Owner and removes the creditors. So this does'nt exactly save him money but rather it gives him complete unfeathered control of the company. No more comments or demands from investors.


2nd Information has it that trooper was caught accessing the site from an internal network and was forced to remove the site and let go.

3rd The newest rumor is that all 3rd parties will be locked out in 60-90 days. (interesting enough almost 60% of clients are up for renewal these last 2 quarters of the year?)

4th (for dealers kinda old) Rumor is that reynolds will no longer negotiate their contracts to compete with ADP or others. The price is the price!

As always Bob's thoughts "We have a superior product you should pay what ever I ask"

5th The fine print has changed on contracts to the point that after all new contracts are signed they will no longer need a Salesforce!!!! Hmm.. Maybe dealers should have their lawyers read it!!!..

6th More layoffs going on during the month of April and probably to continue through the new fiscal year..(June)

Some of these rumors have been confirmed others have not!!! If you have info to confirm or deny feel free to post a comment!!


DB!!