Or that. Send a mass notification to all customers, presenting yourself, your intentions and your plans for services and business, and then go from there as each customer decides.

We'll reach out to the others and ask them if they want their service with us or not.

Why don't you delete all clients who did not pay you and don't have any contract with you? This would be the correct approach, because such data never belonged to you. Don't delete all the customers,

Shell companies with a solid 20 year reputation well known by many.

Shell companies for shady businesses, do you want to tell more evidences?

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I'm sure Stripe is loving a brand new company with no sales of their own bulk submitting transactions of another company as fraud.

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In the end of the story, what do you actually own? only the hardware? then why you have VeloxMedia administrative access to basically everything...

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Yes. We don't own that. I keep saying this

Wrong, he owned 'VeloxMedia', he was trading as is.

How many times do I have to ask why you are keeping their PII, breaking the law in the process?

We own the name veloxmedia.co.uk.

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So why don't you want to ditch the clients? What's in it for you? You're breaking the law by doing so, so presumably you must have some kind of good reason.

Now we simply migrate to our datacenters and scale this thing up. Even without the clients we saved tons of money

So you used money from 12 million to buy a failing business?! With that kind of money a serious manager investing in hosting would build their own datacenter and attract customers.