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Real tech people don’t a) read instructions or b) need backups, that’s what CTRL +Z is for
Open any deluxhost or dedirock or hostdzire topic, and you will find it there.
@nikio
1) 30gb and 64g plan was limited by quantity (read as flash sale). It was sold not too much this plans, because every restock was from 1 to 5 items by request from the let topic, 64gb was restocked only 2 times by 1 item. Yes 8c/64gb ram for $60/y is very sweet, but many let members had much better chicken. That's why this offers not looks like super unbelievable.
2) velox has not only 30gb plans. As example UK unmetered 10g(fair) 2c 4g for $20/y looks very similar like offers from deluxhost €15/y or €20/y. Or hostdzire $22/y or $66/3y
This is 100% lie, the servers works totally stable and bench from Aug to BF was stable. For 4 month I faced only with one issue, ipv6 routing is stopped, but it was fixed in a few minutes after ticket open. The servers continue working, too early for the RIP, I want to believe.
Bet my shop contract is longer than most, if not all, contracts a webhost has. 9 years and that takes a significant amount of legal paperwork.
You are also incorrect in the assumption that businesses that make a loss automatically transfer the losses. An agreement can be made that they will not purchase the debt.
UK Law is also clear on this situation
There are two common legal structures:
A. Assignment or novation of contracts
The new owner are legally bound to honour the prepaid services for the remaining terms.
They cannot cancel unilaterally unless the original contract allows it.
B. Asset sale without contract transfer
If contracts were not transferred:
Your contract remains with the original sole trader.
The original supplier still owes you the service (or a refund).
The new company has no right to cancel, because you never had a contract with them in the first place and if they do then the original sole trader is liable.
There's few logos
https://web.archive.org/web/20190610152355/https://benthost.com/contact/
https://web.archive.org/web/20220128115443/https://benthost.com/teams/
previous people of benthost
Kate HowstonUX & UI DESIGNERDave PetersonPROJECT MANAGERMary JaneLEAD PROJECT MANAGERAlex WoodstockCEO / FOUNDERAugust is literally when they started advertising on LET. A few months later they participate in Black Friday, and in less than 1 month after Black Friday they sell to some unknown entity. This has to be 100% safe, right? One has to appreciate the passion and commitment.
Not all of them. Two are clearly deadpool material. It will be glorious! The other two are most likely fine, but you never know. Three are relatively safe.
Now, go figure…
Nope, please don't jungles my words, I tell the servers working totally fine and stable, from the 1 day of order. I didn't say anything about safe and bla, bla, bla.
The offers didn't looks as something unbelievable, for me (that's only my opinion, I could be wrong, you know better).
All my plans are 1y, because it's new provider and I wanna test it, I takes the risk the risk of this offers to myself. 1/3 of year already done.
I read up on UK company laws and contradiction arises in your post itself.
This is misleading information. Assognment and Novation are both different types of transfer of contracts.
Assignment contract transfer doesn't require the new company to be legally bound to honour the prepaid services for the remaining terms.
It is the novation transfer where new company is in obligation to honor all the previous contracts and liabilities.
What you wrote as conclusion applies only to novation contract transfer and not assignment contract transfer.
Are you UK-based?
Why does it matter though? You can forward your rebuttal by providing the exact clause that I may look up.
Novation requires consent. No consent has been requested as we can see here. Nobody has been notified at all.
Therefore, the liability always remains with the original seller.
Isn't that what I saying too though?
The new owners doesn't need to respect the old contracts because that will lead to accrual loss which is why he shouldn't have brought those BF deals in unsustainable manner.
You are too new, to know anything about good or bad.
Anyone can have their dreams. Hopefully that one won't make any backups, so we can guarantee another drama next year.
The new owners could say - we dont respect the contracts and are switching everything off.
The new owners could do that but under UK law which is where the seller is based then
I did not consent to novation of my contract.
Accordingly, my contract remains in force with the original supplier.
Any attempt to cancel prepaid services would constitute a breach of contract.
I require continued service or a pro-rata refund.
Would apply. If they refuse. Then you are within your rights to sue the original seller.
Difficult, not worth your time, if you are not based in the UK
If they accepted the contracts under the assignment and the new host axes the service this still under UK law comes back to the original seller as the contract was with them to provide the service. You cannot simply just up and take the money. Well, not in the UK you cannot without it coming to potentially bite you on your ass.
Anyhow, they still havnt replied to my ticket logged at 7am ....
Maybe because he no longer has access to it? see below last sentence of his announcement earlier on Discord:
almost buy 2 of their vps plans.. +1 reason for me to start self-hosting
But the new owner should?
and the "About Us" link goes to the home page and no buy link actually works.
Is this new company even real?
You're right, except for a few $7 deals, the supplier doesn't care about its profits. At least, I haven't had any problems with gigahost, HostZdire, and GC's $7 VPS.
At least I feel lucky because I don't stay up late to chase their flash sales
You can always sue the original supplier.
Even the new supplier could sue the original supplier if had manipulated the account books and showed assets/account receivables more than what is in reality.
But that does not safe guard you in anyway. Rarely a person would sue someone for few hundred bucks and unless it is an enterprise with huge orders, nobody would think of worth pursuing it and would take it as loss.
So he is safe in practical sense unless he screwed up some big orders. But considering he was a sole seller, I don't think that is a possibility.
The new domain was probably bought off the shelf, same as Velox. I wonder if the management has not changed but this is just a tax evasion attempt. Or maybe it was like father-to-son management change or whatever similar thing.
Well, when I say sue. In the UK you would refer it to the small claims court. Nominal fee which gets added to the amount you are requesting from them.
Can be done online in about 15minutes.
You guys are panicking - it's totally normal and legal to sell/buy a company!
also totally normal that LET mods gonna close sales topic for
uncertainty surrounding VeloxMediabecause something normal/legal happened.It's also normal to not close topics where owner had criminal charges
LOL
True; and there are only a couple of things of what's of "value" in a company like this:
It's just guessing what the new owner is really looking for: maybe there are older renting contracts for the IP ranges that could be of interest or something like that. But normally you "buy" a hosting company for the customers. So not respecting contracts would be a strange move in terms of keeping those customers. Better get the infra better utilized and try to screw them when renewals come.
But all depends on what the new owner wanted from the takeover: hardware, contracts or customers.
I grabbed one of VeloxMedia’s offerings during Black Friday and only realized later what a pain it would turn out to be, especially after I had to open a ticket due to GSL blocking PacketStar (Velox’s only London upstream). I also missed the early warnings during the BF thread.
The new "provider", benthost.com, is basically a shell website as far as i can tell, there’s no functional way to buy or manage servers directly, and support seems to exist only via tickets. And VeloxMedia not correctly and legally notifying customers about the transfer is a pretty big flag, Most legal places and contracts wouldnt take posting the transfer via discord as a legal transfer, especially when the original owner dropped al
Not even that. I can't find any hosted ticket system on that website, just some email addresses for contact.