A word of CAUTION | FerrariChat

A word of CAUTION

Discussion in 'Ferrari Discussion (not model specific)' started by Hateloozen, Nov 16, 2017.

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  1. Hateloozen

    Hateloozen Rookie
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    Jun 1, 2017
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    A word of CAUTION to folks doing, or contemplating doing, business with Yellow Compass.
    If you are transferring any monies between you and Yellow Compass be aware that there is very good reason to get your money up front.
    I was a vendor to the company and have been without payment for services since January, June and July 2016. And it's a sizable amount of money!
    I've been promised, insulted, lied to and treated like dirt. I have no ax to grind. I just want to be paid. I did the work requested, submitted invoices and have not gotten dime one in 16 months.
    I imagine that I am not alone on this either.
    If you're in the same situation as I am, good luck. The investor told me "Sorry... ...you made your deal with... ...and you have to conclude with him. I will not get between you both." So it has the appearance that the money has been shut off. If so, for what reason?
    I'm not saying don't do business with him. Just exercise CAUTION. o_O:eek:
     
  2. Nospinzone

    Nospinzone F1 Veteran

    Jul 1, 2013
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    What do you mean by the "investor"?
     
    StoryBook likes this.
  3. Hateloozen

    Hateloozen Rookie
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    Jun 1, 2017
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    There is/was a financial investor backing the venture.
     
  4. msdesignltd

    msdesignltd Two Time F1 World Champ
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    No ax to grind, yeah right.
    There are always 2 sides to a story.
    Yours sounds like sour grapes to me.
     
  5. Yellow Compass

    Yellow Compass F1 Veteran
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    Nov 23, 2015
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    Yellow Compass Supercars
    #5 Yellow Compass, Nov 16, 2017
    Last edited: Nov 16, 2017
    I wasn’t expecting to see this issue crop up again. I’m sorry that it has spilled over into Ferrarichat.

    This is concerning a real estate lease for storage, and does not involve a car purchase or sale.

    When we started the company years ago, we looked for and found a close by storage facility for our inventory. This arrangement was made in the summer and by the time winter rolled around, we discovered that there were issues with the facility’s heating system and some problems with the pipes. These issues caused us some additional expenses that winter.

    We were hoping to extend our lease with this individual if he was able to offer some tenant improvements to the space to expand and fix the heating system, provide a new restroom and expand to allow a better showroom visitor experience. We simply needed some more creature comforts as we expanded and wanted to get those based on our leasing rate.

    We went back and forth seeing how we could meet on an extended lease with these tenant improvements. Unfortunately we couldn’t see eye to eye so we moved to a different location.

    We paid a final bill for the lease . Leaving a $4000 difference that we felt the landlord should have covered.

    This amount deducted what we felt were costs the landlord should have covered based on his property’s issues.

    We felt we had strong ground to stand on and are happy to resolve this

    in front of a Judge in small claims court based on the contracts and agreements. We hadn’t heard anything about this issue in quite some time until this post.

    Hopefully fellow members will be able to filter out our disagreement over leased space some time ago with how we regularly sell great priced exhausts and help others find and sell great Ferrari’s.

    Mike
     
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  6. carguyjohn350

    carguyjohn350 F1 Rookie
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    Mar 7, 2007
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    This is how all businesses should respond to these sorts of posts. Calmly. With explanation. Not in red font.

    Best.

    Sent from my SM-G900P using Tapatalk
     
    jjmalez likes this.
  7. msdesignltd

    msdesignltd Two Time F1 World Champ
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    With a screen name like hateloozen
    And the red font.
    I would venture to say alcohol is part of the equation too.
     
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  8. mello

    mello F1 Veteran
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    All this just for $4K? To the OP, suck it up and write it off as AR bad debt.
     
  9. italiafan

    italiafan F1 World Champ
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    Stickbones Swagglesmith
    Another useless social media trash rant.
     
  10. Hateloozen

    Hateloozen Rookie
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    Jun 1, 2017
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    That's fine. It's not. But it was only a word of caution. You pay your bills. That's all.
     
  11. Hateloozen

    Hateloozen Rookie
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    Sorry. Wrong vendor. Our work is service. Not space.
     
  12. Hateloozen

    Hateloozen Rookie
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    Jun 1, 2017
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    The red is for Ferrari.
     
  13. Hateloozen

    Hateloozen Rookie
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    No alcohol. Red is for Ferrari.
    And yes, I hate to loose.
    Money and on the track.
     
  14. Hateloozen

    Hateloozen Rookie
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    $4K has been written off. Plus some. But that doesn't make it okay to walk away from responsibility. We take pride in our work. We do it very well. We work for our money with the idea that at the end of the job well done we get paid for our work. Isn't that the way it should be? That's what I was taught.
     
  15. carguyjohn350

    carguyjohn350 F1 Rookie
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    Not to nitpick, but do you hate to lose or hate to loose? I mean I like things as tight as the next guy but...
     
  16. Hateloozen

    Hateloozen Rookie
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    Thank you for the correction.
    Dually knotted. lol
     
  17. energy88

    energy88 Three Time F1 World Champ
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    Did OP just admit to accusing the wrong person (vendor)? If so, he should get credit for owning up to his mistake. That red font on the other page still has me dizzy!:confused:
     
  18. vrsurgeon

    vrsurgeon F1 World Champ
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    So what was it that was done?
    We did something to someone and we didn't get paid.
    Did you file an action in small claims court as documented prior?
    So nebulous...
     
  19. Dave rocks

    Dave rocks F1 World Champ
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    You have come here to allege that a forum sponsor has done you harm. You have no prior post history so the members of this forum will question your credibility.

    You may wish to post factual details about this alleged claim otherwise the members here will assume you are nothing other than a troll
     
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  20. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    I think he meant that Yellow Compass' reply was towards another vendor.
     
  21. carguyjohn350

    carguyjohn350 F1 Rookie
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    Image Unavailable, Please Login
    x1Billion
     
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  22. energy88

    energy88 Three Time F1 World Champ
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    Thanks for the clarification. My mistake. I had assumed that the OP had changed the subject with his 4 brief sentences.
     
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  23. mello

    mello F1 Veteran
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    Whatever that has transpire, it all boils down to this: If it's not in writing, you lose.
    BTW, the red font I think is a bug on this website. It has happen to me before.
     
  24. Enzojr

    Enzojr F1 World Champ

    Dec 12, 2013
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    Well I am confused at this point ?
    I can't wait til Friday, wait a minute .......it is Friday ;)
     
  25. Hateloozen

    Hateloozen Rookie
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    Jun 1, 2017
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    OK. No more red font.
     

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