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life in 19/7 time
For the past two weeks, current and former employees of Firstline Security (Orem, UT) have been leaving comments that Firstline filed for bankruptcy, but I couldn’t find any official confirmation of it.
Today, I have confirmation. From the Salt Lake Tribune via Bloomberg News:
Orem company files for Chapter 11 bankruptcy
[…]
Popularity: 1% [?] ... Continue reading »
Today, I have confirmation. From the Salt Lake Tribune via Bloomberg News:
Orem company files for Chapter 11 bankruptcy
[…]
Popularity: 1% [?] ... Continue reading »
1 year ago
1 year ago
1 year ago
1 year ago
1 year ago
I hope they make it out of bankruptcy so the people owed money don't have to file for personal bankruptcies or lose their homes. I doubt Trevor or Wright think of that kind of thing, just of themselves.
But I guess it's all made better since Trevor quoted Mother Theresa...
1 year ago
9 months ago
1 year ago
If they pocket millions of dollars while shafting vendors, employees, etc. out of millions of dollars, that's just straight wrong.
1 year ago
1 year ago
THEY'RE going through a hardship? How about all the kids that spent their summer hawking their alarm systems door-to-door so they could have a shot at becoming the Prodigy only to discover they OWED the company money at the end? What about the ones who not only owed the company money but ended up shafted with debt as a result and who now have literally the clothes on their back and nothing much more.
I'll bet it's hard for them, but they still go home to a big house and big cars at night.
Don't talk to me about hardship until you hear a few stories of the hardships others suffered from their 'prodigy' sell.
1 year ago
FL owners are not hurting like they hurt their employees.
Their house payments are being met, their cars are paid for, etc.
Feel oh so sorry for people who have plenty of money & have shafted employees & vendors out of debt. That's bright.
I tell you what, you want to get together & talk about this?
You can be the tough guy & call me an idiot & remind me of what I don't have knowledge of. It'll be a perfect opportunity for you.
1 year ago
1 year ago
Forgive me, but it's really hard to feel their hardships when I've had to see the results of the hardships they inflicted with not even one apology.
1 year ago
I'll stand by everything I've said.
Too bad you won't.
You fit in really well with T-Rev-Dawg & Wrightizzle, homie.
Firstline went bankrupt due to their unethical & dishonest business practices. These practices came from the top down in Firstline, & I won't feel bad for "men" who made dishonest decisions that impacted the lives of so many in such a brutal way.
11 months ago
1 year ago
Its a shame hard working kids that earned thier pay are not going to be compensated.
1 year ago
1 year ago
I'm incredibly familiar with Firstline. Try a search on my site for my entire series of posts on Firstline. You can paint them any way you want, but don't call me a liar. I have first-hand, eyes-on experience of exactly how they operated.
1 year ago
50M in assets; 12.1M to largest creditors, leaves 38M in assets. Call it 25M so that the other creditors and vendors get their due. That's a remaining 25M in assets after Chapter 11 reorganization. They'll be just fine.
As to the so-called "opportunity", I consider it no opportunity at all to schlep alarm systems in a city that BANNED, yes BANNED door-to-door alarm sales, no opportunity at all to sign an 18% promissory note back to their "employer"...oops, I know, they were independent contractors except they weren't independent at all. They told their "advertising directors" where to live, when to work and where to work. Not much independence there.
They gave students an opportunity to shill second-rate systems for no money at all, didn't stand up for them when they were threatened by people with guns, attacked by dogs and withstood other "advantages" such as those, and for all that, the "opportunity" left them holding a bag of lies and debt.
Yeah, there's an 'opportunity'. If you were unfortunate enough not to be wearing the magic underwear, you got left in the armpit of america without so much as a car to escape with (the cars, of course, were far away from wherever they were dumped that day). Gotta love those "opportunities".
1 year ago
1 year ago
1 year ago
I hope this doesnt just knock you right off your pretty little rocking horse but I got news for you honey. YOU DONT KNOW SHIZ & YES according to some of your comments and assertions you are a liar!!!! I am a praticing lawyer & my brother came to me 2 weeks ago to help him with this Firstline Situation. You see he is owed just over $300 for his last pay check. As I researched the ENTIRE Chapter 11 filing (Which Karoli YOU DID NOT and your statement that you did is either you lying or just stating your incompetincy in business, which should be proof positive for you to stop blogging as it is....Anyway, in the CH11 Filing; Firstline has filed in the category of $10-$50m in assest. YOU SEE Karoli...and I'll talk to you as a child since that seems to be your true understanding, Chapter 11's are Federaly Regulator procedures. They have categories: FOR EXAMPLE 0-5 million, 5 -10 million, 10-50million. SO JUST ONE MORE TIME: Firstline DOES NOT have $50 million in assets as FALSEY claimed by Karoli. In ADDITION Karoli; if you did ANY intelligent research you will see that the Creditors (both Secured & Unsecured) have an estimated Pre-Petition claim at just over $24million & you will see that Firstline has claim a Pre-Petition assets of just over $16million. That leaves a $8 million DEFICIT.
Now Karoli; the purpose of the Chapter is 11 is to allow Firstline to negociate with its creditors and get the Debt lower than the Pre-Petition amount and or work out payment plans. This means that the $24 million number will historicly come down 20%-35% as part of the CH11 proceedings making the new detb somewhere between $19.2 to $15.6 million & with assets of close to $16 They are solvent.
So if you any business sense and ANY life than just BLOGGING awnry little HATE MONGERING blogs about stupid little companys then maybe you'd have time to research the fact that WOW....Firstline Filing a CH11 may indeed make the "solvent" and may indeed give them an opportunity to payback ALL their creditors paid.
THIS MY DEAR....is why INTELIGENT People hire people like ME....an ATTORNEY; to file my little brothers (client) claim and get him paid his money.
You see one other thing your NOT truely representing to your BLOG readers is that Firstline DID not File Chapter 7 which means they imploded, quit and are walking away. They Filed a petition to Federal Courts to get APPROVAL to stay in business in CH11 and THEY WON Federal protection. This means that the business is using its best efforts to pay everyone and everything. Maybe you should try being more upfront....or you can just cross your fingers that Blogging never becoms regulated by the FCC otherwise you would be in jail.
1 year ago
I backed up the numbers with a link to Bloomberg. Did you miss that?
Do not come back to this blog with that tone again and expect your post to remain. I will delete any further posts with the threats and tone you take here.
I also understand the purpose of Chapter 11. I also understand that reorganizing debt will make no difference if, going forward, there are not revenues to support the servicing of the debt. Further, since Firstline relies upon the sale of the contracts to generate revenue for their upcoming sales cycle, how will the next sales cycle be funded? Going along with that, how will any relationships with vendors be extended when the reorganization means the vendor relationships are also frozen?
You are welcome to comment here as long as you keep a civil hand on your keyboard. But don't come on here all high and mighty and bully-like with your charge that I have lied when every. single. thing. I've reported here has been reported by the media first, and not one single fact has been refuted.
Further, if you know anything about blogs at all, you know that the people you're really threatening are the other commenters here, not me. I just wrote the post reporting the report in the Utah paper; the rest of the comments are written by others.
Bully tactics may have worked with customers but they won't work with me.
Have a good night, now.
1 year ago
You need to re-read my post. In addition to need to re-read the bloomberg post:
http://www.deseretnews.com/article/1,5143,69524...
As it clearly states: "The company listed debt and assets of less than $50 million"....NOT $50 million in assets as you stated.
My Comments was not to try to "bully" but to make sure your Blogs are "balanced" and "accurate" and I would hope that as it is apparently your blog you have standards and if you find some information that is erroneaously posted you will correct it.
Sorry for harsh words. I look forward to your comments.
1 year ago
1 year ago
Either way, your obvious lack of communication skills and grammatical prowess make you about the most laughable thing I've come across in quite a while. A real esquire or attorney-at-law would at least leave their full name and pedigree at the end of anything they write. Such as:
Adam ( ), ESQ. JD.
Or something similar.
Instead, you've got a big mouth and a half-assed knowledge of the law. You even capitalized INTELLIGENT with a misspelling. Did you used to edit Think Magazine?
Enjoy your big mouth now, before you talk down to the wrong person and they shatter your jaw (or worse).
Sean Himebaugh, Spell check certified. :)
1 year ago
1 year ago
We are all stupider for having read your posts.
You have poured out a plauge upon humanity.
May G*d have mercy on your soul.
You are definetely not a lawyer, & more then likely a top dawgizzle fraud up line & connected at FirstLine.
1 year ago
Actually if you think about it and look at what actually went on there are a lot of similarities with Firstline and pyramid businesses. The ones at the top of the pyramid get richer and richer while the peons at the bottom of the business lose their shirts. You can guarantee that Trevor and Wright had the money to pay their bills on January 25 when they shafted their workers out of their paychecks. What about the customers that were sucked in by the lies of "great customer service" and then were left with HORRIBLE billing mistakes that cost them A LOT, as well as non-functioning security systems? I worked for Firstline for 2 years (thank goodness not in the sales end) and I know for a fact that Trevor and Wright did some deceitful things while running their business into the ground. They don't care about their customers or their workers. If they did they would not have gone on the cruise and Hawaii trip knowing full well the financial situation their business was in. When normal people are faced with financial ruin they don't take off on vacations and keep expensive toys around (i.e. snowmobiles, hummers, etc...) they get rid of those items and take care of their financial responsibilities. If I were you I'd take a DEEP LOOK at what actually went on at Firstline (if you worked their for 5 years you couldn't have had blinders on the whole time) and then see if you really want to go on a blog and be a Firstline nut-hugger.
1 year ago
1 year ago
1 year ago
get a soul.
1 year ago
ohh i got soul alright. and i'll pray for for yours
and mine.
ONLY THROUGH JESUS WILL YOU BE SAVED
GOD BLESS YOU
'
'
'
'
But if may humbly ask BLOGMASTER KAROLI.......ha..ha
why are you so obessed with firstline security did you work for them or what.
or do you know someone that had a bad experience or do you have nothing better to do.
karoli freakin grow up dude...
hey I know its hot but, all summer sales leaders should open year round offices in phoenix,az.
You can sell a buttload of systems out here.
this is funny stuff if youve worked for firstline
http://www.abclocal.go.com/kgo/story?section=ne...
peace out fool
1 year ago
http://www.drumsnwhistles.com/2007/07/21/pure-b...
Would you talk to your mother the way you're talking to me? No? Then think before you type or the next time you use the tone you did above you'll just find yourself ...
deleted.
Love ya. Your witness is just so...compelling.
1 year ago
I read up and can appreciate were your coming from a little better.
I am sorry karoli you brother was duped and was chased by dogs and had guns pointed at him, and had to work extremely hard over the summer. alot of people including myself have had the same thing happen to them maybe worse things, but i also know people in the industry that are very successful
Look at it positively. Hey well i guess your bro knows hes not good at door to door selling, hey you know what,? its hard . BOO HOO Get a better job. And now he knows to research things, read contracts and see if he agrees with them. there are shady sales reps no matter what your selling,it all comes with sales.
firstline is over and done with. there are Alot more things you can do career wise or for work for different companies that are more profesional. you people be hating too much
you know what i would talk to my mother that way, if my mom was to this degree of obsession.
but no hard feelings, i know i dont have any, just a friendly little conversation and I mean this with all sincerity.
I hope i get my feb. paycheck lol.
peace out fool
1 year ago
I was recruited by a church friend (I'm not mormon, nor was he), knew a couple of months in advance what my location would be, and was never encouraged to be part of the Prodigy. In that respect, my experience was much better than others about which I have read. We even had a cameraman show up at the beginning of the summer to do "initial interviews", but nearly all the people in our office were not interested in being on a reality TV show and signed statements to that effect.
The summer begain well, and everyone was selling about an account a day for the first two weeks. Then a couple people hit slumps, and then a few more, and suddenly a good day was 7 sales in an office of 35 people. We were told that the problem was our "area", and kept being taken to lower and lower credit neighborhoods because they are easy sells. Still, no improvement. I went effectively three weeks without a sale.
Midway through, our division vice-president (Riley Edwards) came down and took over as manager of the office, and managed to give all of us the impression that this sort of thing (a failing office) was an anomaly and that we should be ashamed of ourselves for our miserable performance. He held long meetings every morning, rallying the troops with stories of the guys he knew who sold 5 or 6 accounts in a day, or had 20 installations in a week, and telling us we could be like them if we just set our minds to it. We read his favorite book, "As A Man Thinketh", which is full of self-help pull-yourself-up-by-your-bootstraps-without-falling-flat-on-your-back encouragements to think positively and visualize the goal. It worked, temporarily.
When I was recruited, I was told that even the merely average sales reps sold 65 to 75 accounts in a summer, but the best rep in our office only made it to 65. I and several of my classmates barely made it to 25 accounts (the minimum to have your $400/month per person rent paid back), and I know several others who didn't even make that much.
In my office, we were never directly instructed to lie to customers -- we engaged in deceptive practices, and allowed the homeowners to draw their own conclusions, but we weren't told to lie. On the other hand, when our best reps (and one guy in particular) would come back and tell war stories about how they got a sale, they would often mention the lies they told. Rarely were these stories met with any kind of criticism from the management, especially after the office was taken over in July.
I knew the contract was favorable to the company (in fact, I was signing away just about everything except my soul), but I trusted the people who recruited me. The only problem wasthat they had been sold a bill of goods, and didn't realize it until the end of the summer.
As far as I know, we were selling a quality product. Land-line based security systems are vulnerable, and what we were selling was in that way more secure. Admittedly, wireless sensors inside the house are not as stable as wired ones; so we weren't selling the absolute best out there. But the system itself was not a piece of junk. (My roommate's fiancee was our lead technician, no friend of the company, and had worked with other companies as well. This information comes from him.)
I admit, I was naive. In September,I expected to at least get some money. When my backend came out to -$2000, I called my manager and made sure I understood all the details. Doing the math the way they said they were (only counting 90% of accounts, etc.) it looked correct. Since I had been counting on that money to pay my tuition, I was force to take out a student loan (the whole reason I signed on with this summer job was so I wouldn't have to go into debt for school).
Still, I could expect at least $300 in February, they said. I was even arguing that I earned the "tuition bonus" of $1000, and that would have been a nice addition to my bank account. I still trusted the company, and still expected to be paid, right up until about three hours ago. That's when I tried to go online to see what my February backend check was supposed to be, and was informed that my login name was no longer valid. So I called my old manager, and he told me that we had all been deleted from the system and that FirstLine had declared bankruptcy.
My google search turned up this blog, and that's why I am telling you my story. I'm not bitter, and I still think that the people I directly worked with were honorable. We were all duped together by a company run by people accustomed to manipulating others to achieve their own ends.
I'm still grateful that I got to spend a summer working outdoors and talking to people; I'm a liberal arts major, and spend nine months out of the year reading thick dusty books or writing long papers, so it was a pleasant change for me. But I would not recommend any kind of summer securty sales to someone who doesn't have the capacity to absorb a disastrous experience, and I regret spending my summer not getting paid.
1 year ago
Thank you for telling your story here. I'm sorry you ended up with nothing
for your summer but debt, but I really appreciate your reasoned telling of
the story. For what it's worth, i believe the people who recruited you
probably really did believe in what they were doing. I've always been
convinced that the fault lay with the folks at the top, who preyed on
people's trusting natures.
The equipment wasn't as much the problem as the monitoring service, as far
as I can tell, but the equipment and service could be had for less. Of
course, if a customer is buying it from you instead of hunting it down on
the Internet and self-installing they should expect a padding to pay you.
My problem was exactly what you describe -- YOU didn't get paid.
Good luck with your studies and career -- you sound like a success in the
making.
1 year ago
1 year ago
Thanks for your comment. I didn't point fingers. I told the truth as I saw
it, and still see it. Others have made comments that point fingers and
that's their option -- they've been pointed both ways. You can disagree
with me, but you at least have standing to file your claim with the
bankruptcy trustee. Many, many others do not. Also, my objection from the
beginning was The Prodigy lure, which hurt many students out our way.
Perhaps things were different in Texas, though I had plenty of comments back
in the summer, including one from Texas who also felt misled.
This is about concocting a scheme that deceived students into thinking they
were competitors in a reality show when they weren't. Spin it any way you
want but it's still just not true, nor was it intended to be true.
It's wrong and it should be exposed and pointed out, if for no other reason
than to offer information that other students can use to keep from falling
into similar traps.
1 year ago
1 year ago
Where is your Inc. 500, now? Inc. 500 one year...bankruptcy the next...that takes some special sort of business acumen right there. Nice job, guys.
1 year ago
1 year ago
cheers to the other 8 people who quit the same day i did. good thing we didnt wait to get it in the back-end.
sorry to those who failed to filter through the bullshit
1 year ago
1 year ago
1 year ago
http://abclocal.go.com/kgo/channel?section=news... watch this!
1 year ago
1 year ago
Check it out at: http://www.alarmsales.org/2008/07/firstline-sec...
Wow, sounds pretty deep.
11 months ago