picked this up on the other thread not my post Real Time Quote Chart Free E-Mail Raging NPEC Links
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By: The_Metro_Story Reply To: None Wednesday, 12 Jan 2000 at 12:38 AM EST Post # of 8952
Big News...... but not what you may want to hear.
I have known Metro for 5 years and have direct dealings with them until last July when they defaulted on their payments to my company. This posting is not to discredit NPEC and the hardworking customer service staff at Metro but simply to inject some reality into this speculation.
Feel free to ask your questions. I will be unable to answer questions unless I have on record communications to support the facts. Thanks to Maximizer records of my communications with Metro are all recorded. There are also communications to Barbara Will at IPVC when I alerted her to the unique way Metro operate their business.
I read of 5000 customers. They may well have touched the 5000 mark, but that is in the days when Earnst Heisand ran the company. Today they are lucky to have 3000. You can veryify the demise by calling Metro's competitors in the Vancouver Area. They will tell you that every time Metro run a billing, they pick up Metro's disgruntled customers. This has been happening for a very long time.
After May 01 2000 the Vancouver local calling area expands, and an estimated 2500 current Metro customers will no longer need their service. It will result in a massive wave of cancellations. The management at Metro have known of the inevitability of this development for the last two years. You might ask what they have done (not just talked about) to offset this threat.
This is a quote from a letter sent by myself to Jack Purdy on July 23 1999, in response to the outcome of a meeting held to explore ways that Metro could make good their debt to us (they defaulted on payments to more than one companies they acquired). The offer was derisory.
" 2. News of any management or personnel changes at Metro Plus were not disclosed at the meeting. Months of observing the erosion on Metro's Vancouver business lead me to believe that Metro Plus do not have the management structure, entrepreneurial spirit, market knowledge or experience to be successful in this business. Why should I believe the IP Voice opportunity be managed and directed any differently??."
My company made them a serious offer which would have transformed instantly the fortunes of the company, making them a full telecommunications service provider offering local access, internet access and LD rates that IP Voice simply cannot match. In addition it would have reduced their network operating costs by 50%, by re-routing their traffic onto a more reliable network with a larger toll free calling area. They never replied to my fax.
Soon after this meeting the assets of one Metro ???? company were moved into another "Metro ????" company. Restructuring?....of sorts. A call into the Vancouver Credit Bureau will likely throw light on at least two reasons why.
My company are prepared to look at buying what Metro assets still remain less any monies they owe us, providing they act quickly however the offer to turn the company into a full service provider is no longer on the table.
If anyone believes they have grounds for making a formal complaint to the regulatory body, I will consider releasing my Metro Plus files to assist your cause. |