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| BY | 01-27-2010 | comment profile send pm notify |
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Brundage-Bone has been the subject of blog postings on the web, many of which contain incomplete or inaccurate information, and most of which contain “spin” or drive an agenda. Brundage-Bone wants to take this opportunity to set the record straight, and to provide accurate information about its restructuring and its bankruptcy. On January 18, 2010, Brundage-Bone and its affiliate, JLS Concrete Pumping, filed for Chapter 11 bankruptcy protection in the District of Colorado. At that time, a private equity firm offered to put in place interim post-petition financing for Brundage-Bone. The Company’s lenders opposed that proposal, and for several days, Brundage-Bone operated its business using cash collateral of Wells Fargo, pending consideration by the Court of an interim financing solution. During that time, we paid all of our employees, and paid our post-petition insurance premiums and fuel bills, as well as other operating expenses. This week, Wells Fargo offered up its own interim financing proposal on more economically favorable terms than the financing offered by the private equity fund. Yesterday, the Bankruptcy Court approved Wells Fargo’s interim financing proposal. This financing allows the Company to pay its expenses in accordance with a budget submitted to the Bankruptcy Court, including payroll, taxes, fuel, trade and vendor payables, and other post-petition expenses in the ordinary course of business and consistent with our budget. The interim financing provided by Wells Fargo will fund the Company’s operations through March 1, 2010. At that time, the Court will hear longer term debtor-in-possession financing proposals by the Company’s current lender, the private equity fund or any other financing proposals submitted to the Court at that time. We invite you to log onto our website in the future (http://www.brundage-bone.com/BBCP/index.cfm, click on the link titled “Restructuring News”), where we will provide you with accurate and truthful updates of events that occur in our bankruptcy and restructuring. The Company has identified to you that it posted this blog. We ask each blogger who comments on, or posts information about, Brundage-Bone or the bankruptcy to also provide his or her name, and accurate and truthful information, so that we are all working with transparency, rather than hiding behind anonymous login names. Thank you for your continued support – we will see you at World of Concrete. -- Senior Management of Brundage-Bone and JLS |
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| 90624 | 01-27-2010 | reply profile send pm notify |
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If everybody in this country provided truthful and accurate information like you're willing to do we would all be better off. Thanks for doing the right thing. |
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| schwputz | 01-27-2010 | reply profile send pm notify |
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The truth by who's standards? I respect Mr. Young for writing wht he wrote, but nobody tells the whole truth and you know this. I think BBCP is a good company but has made some really bad decisions. I wouldn't wish this for any company and i wish BBCP and there operators the best. |
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| Seth2626 | 01-27-2010 | reply profile send pm notify |
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Glad that you responded to the "wolf" with facts. I didn't know the whole story, but it was pretty obvious that this guy has a grudge against Brundage-Bone. Too bad, this industry needs all the help it can get to stay alive and what we don't need is someone trying to use scare tactics to drum up business for themselves; we are all in the same boat and the waves are getting bigger by the minute. Chapter 11, bankruptcy protection is the right way to save the jobs of your employees. I bet every last survivor in Haiti that are still being rescued are glad that people didn't give up. Good luck. |
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| schwputz | 01-27-2010 | reply profile send pm notify |
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Seth2626
If you read what wolfpack wrote and what bruce wrote. There about the same thing. wolfpack just added some of his own opinions in. ones PG13 and other is X-rated. You have to understand and respect that everyone is entitled to their opinion even if you don't agree with them. This is a message board that we can share our pictures, story's, and opinions. Right? Ask yourself this question. Why is this topic (BBCP) getting so much attention? Pumpco nor C&C got even half the attention. |
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| hmmmm | 01-27-2010 | reply profile send pm notify |
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Opinions yes. Spouting hate and fear not so much. Claiming that you know the facts when you are not a lawyer nor are you sitting in the court room all day. Not even and involved party. So I doubt that wolf KNOWS the facts. |
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| Wolfpack41 | 01-27-2010 | reply profile send pm notify |
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In re: BRUNDAGE-BONE CONCRETE PUMPING, INC. EIN: 84-0972141 Case No. 10-10758 ABC Chapter 11 Debtor.In re: JLS CONCRETE PUMPING, INC. EIN: 84-0972141 Case No. 10-10760 EEB Chapter 11 ) Debtor. ) WELLS FARGO’S OBJECTIONS TO DEBTORS’ MOTION SEEKING ENTRY OF FIRST DAY ORDERS INCLUDING INTERIM DIP FINANCING 1. Wells Fargo Bank, N.A. (“WFB”), Wells Fargo Equipment Finance, Inc. (“WFEFI”), and Wachovia Financial Services, Inc. a/k/a First Union Commercial Corporation (“Wachovia” and collectively with WFB and Wachovia, “Wells Fargo”) by and through its counsel, Holland & Hart LLP and Lane Powell PC, object to the following relief requested by the Debtors on an expedited basis and with less than 2 days notice. Wells Fargo’s Objection is supported by the Declarations of Jeffrey E. Brandlin and Deborah R. Ward and by the papers and pleadings on file with the Court. ORDER APPROVING POSTPETITION SECURED AND SUPER PRIOROTY FINANCING PURSUANT TO 11 U.S.C. § 364(C) 2. There is no immediate cash crisis requiring emergency interim approval of a DIP loan facility on less than 14 days notice. The cash crisis here is a result of the Debtors preferring to seek approval of an onerous and expensive DIP loan from a Los Angeles private equity fund, Aurora Resurgence Management Partners LLC (“Aurora”), through its affiliate, Commercial Finance Services 110, LLC (“CFS”), instead of seeking authority to use its already existing cash collateral and line of credit resources. As of January 19, 2010, the Debtor had, and continues to hold, $1,246,365 in cash on deposit in its cash collateral account at Wells Fargo (Account No. 4121902308). Additional payments from customers come into the lock box daily and are deposited into this cash collateral account. 3. As is more specifically set forth in the Brandlin Declaration, there is more than adequate cash collateral budgeted to be collected and available to these Debtors to defray the interim expenses that can fairly be characterized as “necessary to avoid immediate and irreparable harm” pending the 14 day notice required for a final hearing on the Debtor’s Case:10-10758-ABC Doc#:33 Filed:01/20/10 Entered:01/20/10 10:04:31 Page1 of 6 2 proposed DIP financing. Moreover, based upon the DIP budget through April 2010, which is attached to the Debtors’ Motion as Exhibit A, there is adequate availability under the Debtors’ existing line of credit facility with Wells Fargo to cover its operations and Chapter 11 administrative expenses through the period. Thus, the Debtor have failed to meet their Rule 4001 burden that emergency interim relief is necessary to avoid “immediate and irreparable harm.” 4. In the weeks preceding this bankruptcy filing, WFB repeatedly asked the Debtors to present it with a DIP funding request and stated it would favorably consider an amendment and restatement of the prepetition facility to continue as a DIP Loan facility to address the Debtors’ Chapter 11 funding needs, at rates and on terms far more favorable than those contained in the CFS DIP loan. As is more particularly set forth in the Ward and Brandlin Declarations, the Debtors still have available to them cash collateral use and a potential DIP loan from WFB on far more favorable terms than those presented by the proposed CFS DIP loan 5. As is set forth in Wells Fargo’s Motions for a Trustee and Examiner with Expanded Powers (the “Wells Fargo Motions”), Wells Fargo and the Debtors’ other secured lenders constitute the holders of substantially all the secured and unsecured debt in this case. The Debtors are hopelessly insolvent and there is no recovery available for its owners. The Debtors have failed and refused to discharge their fiduciary duties owed to their creditors and have instead elected to pursue a lock up agreement and transaction with Aurora designed to provide them with significant personal benefit at the expense of creditors and the estate. The CFS DIP loan proposal is not an arm’s length, good faith proposal. 6. To avoid repetition, Wells Fargo incorporates by this reference the Motions and opposes the proposed CFS DIP Loan as inconsistent with the best interest of creditors and the relief requested in those Motions. 7. The Debtors failed to show the basis on which the Debtor has determined that the proposed financing is on the best terms available. The CFS DIP Loan is on terms far less favorable than cash collateral use and the provision of adequate protection. WFB remains willing to stipulate and agree to the use of its cash collateral with adequate protection in the form of replacement liens against the same categories of post-petition collateral as it has held in prepetition collateral. WFB is also willing in the interim to explore and consider providing a DIP loan according to the terms set forth in the Ward Declaration. 8. The CFS DIP Loan is noncompliant with in LBR 4001-3APP in a number of respects, encumbering all avoidance actions and leaving funding as a matter of complete discretion to CFS. The proposed loan agreement contains a number of provisions “that operate, as a practical matter, to divest the debtor-in-possession of any discretion in the formulation of a plan, administration of the estate or limit access to the court to seek relief under other applicable provisions of law.” Under Section 8.01(u) of the proposed CFS DIP loan agreement, for example, CFS can in its discretion call the DIP loan and collect its $800,0000 fee if the Debtors do not file a plan acceptable to it “in its sole discretion” within five days of the Petition date. 9. Ordinarily, and based upon practical considerations, a DIP lender is either the same lender that provided prepetition financing or is a new lender that takes out that prepetition Case:10-10758-ABC Doc#:33 Filed:01/20/10 Entered:01/20/10 10:04:31 Page2 of 6 3 lender and takes over its position in both pre- and post petition collateral. Here, the CFS DIP lender does not want to commit the cash necessary to take out WFB on its line of credit. Instead, CFS requires a segregation of all prepetition inventory, accounts receivable, cash and other line of credit collateral from post petition collateral. Such segregation is not feasible. For example, and as explained in the Brandlin Declaration, customer payments are frequently made on account and cannot be readily allocated between pre and post petition invoicing. Parts and equipment inventory sales and their proceeds pose similar logistical problems. On going jobs spanning weeks may give rise to invoicing that cannot be divided between pre and post petition operations. There are substantial cash management and allocation issues that are an impediment to this proposal. 10. In short, the CFS DIP Loan is unnecessary at this time, is on terms that are not the best terms available to this estate and violates this Court’s local rules in various respects. It is a highly improper and transparent attempt to pre-commit the estate to a plan transaction designed to benefit Aurora and insiders of the Debtors at the expense of the estate and its creditors—all without due process and in the context of a pretextual “emergency” interim relief hearing. ORDER AUTHORIZING PAYMENT OF CRITICAL VENDORS AND CONTINUATION OF CUSTOMER PRACTICES 11. Wells Fargo dos not object to the Debtors’ payment of priority prepetition taxes as well as wage and employee benefit claims entitled to priority under Section 507(a) (4) and (5) from its cash collateral, provided WFB is granted adequate protection in the form of replacement liens in the same categories of collateral securing its prepetition line of credit (the “Adequate Protection Lien”). Wells Fargo also does not object to the payment of other critical post-petition payment obligations as identified in the Cash Collateral and DIP loan Budget attached as Exhibit B to the Brandlin Declaration (the “Brandlin Budget”), provided that WFB is granted adequate protection in the form of Adequate protection Liens for such use of cash collateral. 12. Wells Fargo objects to the payment of trade vendors, including the Debtors’ fuel supplier, on an interim basis. Section 503(b) (9) establishes whether vendors’ claims may be entitled to such priority and without such established priority such claims should not be paid ahead of other creditors. The Debtors’ motion and submissions do not establish such priority nor, even if they had, do they make the further required showing that such payments are “necessary to avoid immediate harm.” See Declaration of John Hudek, ¶¶ 26 and 27, which merely contains a conclusory statement of the standard itself and contains no specific facts to show that the standard is met as to these particular payments. As is set forth in the Brandlin Declaration, various items (e.g., $500,000 in “vendor deposits”) are not justifiable expenditures under the strict standard of Rule 4001. 13. Some courts previously invoked a “doctrine of necessity” or “critical vendor” justification for preferring certain nonpriority unsecured claims and ignoring the express priority and distribution provisions of the Code. The majority of Courts now reject this practice. See e.g., In re Kmart Corp., 359 F.3d 866 (7th Cir. 2004). Kmart court emphasized that Section 105(a) does not allow bankruptcy courts to authorize full payment of any unsecured debt, unless all unsecured creditors in class are paid in full. 359 F.3d at 871 (citing In re Oxford Management Inc., 4 F.3d 1329 (5th Cir. 1993); Official Committee of Equity Security Holders v. Mabey, 832 |
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| Wolfpack41 | 01-27-2010 | reply profile send pm notify |
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F.2d 299 (4th Cir. 1987); In re B & W Enterprises, Inc., 713 F.2d 534 (9th Cir. 1983)). Judge Easterbrook explained in Kmart that while the courts used to shuffle the priorities in the name of “necessity” before the Bankruptcy Code was enacted, the Code must prevail today. “Older doctrines may survive as glosses on ambiguous language enacted in 1978 or later, but not as freestanding entitlements to trump the text.” Kmart, 359 F.3d at 871 (citing Lamie v. United States Trustee, 540 U.S. 526 (2004); United States v. Ron Pair Enterprises, Inc., 489 U.S. 235 (1989)). 14. Thus, the “doctrine of necessity” or “critical vendor” is not an appropriate basis for granting preferential relief to any particular creditors today. There is no provision in the Bankruptcy Code that expressly authorizes payments to selected vendors. Moreover, paying preferred creditors 100% of their prepetition claims creates substantial prejudice against the disfavored creditors. Such preferential payments destroy the tenet that all similarly situated creditors are to be treated equally under bankruptcy law. For these reasons, the preponderance of authority today is that the requests to authorize preferential payments to vendors on account of prepetition debts should be denied. See e.g., Kmart, 359 F.3d at 871. ORDER AUTHORIZING RETENTION OF CASH MANAGEMENT SYSTEMS 15. WFB and the Debtors worked over several weeks to establish a lock box and cash collateral account and other cash management systems. The Debtors propose to alter this system and customize it to fit the needs of its new proposed DIP lender, CFS, which is not a bank. Wells Fargo has no legal obligation to perform such additional services for the Debtors or CFS and objects to the Debtors’ proposed form of order to the extent it seeks such additional service requirements or to impose obligations on WFB. 16. Without waiving any of its general objections to the Debtors’ proposed form of order, WFB requests that any order entered with respect to Cash Management Systems contain the following provisions: ORDERED, that each of the Debtor’s Banks is authorized to debit the Debtor’s accounts in the ordinary course of business without the need for further order of this Court for: (i) all checks drawn on the Debtor’s accounts which are cashed at such Bank’s counters or exchanged for cashier’s checks by the payees thereof prior to the Petition Date; (ii) all checks or other items deposited in one of Debtor’s accounts with such Bank prior to the Petition Date which have been dishonored or returned unpaid for any reason, together with any fees and costs in connection therewith, to the same extent the Debtor was responsible for such items prior to the Petition Date; and (iii) all undisputed prepetition amounts outstanding as of the date hereof, if any, owed to any Bank as service charges for the maintenance of the Cash Management System; and ORDERED, that any of the Debtor’s Banks may rely on the representations of the Debtor with respect to whether any check or other payment order drawn or issued by the Debtor prior to the Petition Date should be honored pursuant to this or any other order of this Court, and such Bank shall not have any liability to any party for relying on such representations by the Debtor as provided for herein; Case:10-10758-ABC Doc#:33 Filed:01/20/10 Entered:01/20/10 10:04:31 Page4 of 6 5 ORDER DETERMINING ADEQUATE ASSURANCE OF PAYMENT OF FUTURE UTILITY SERVICES AND RESTRAINING UTILITY COMPANIES FROM DISCONTINUING ALTERING OR REFUSING SERVICE 17. Wells Fargo objects to this relief to the extent it will increase the use of cash collateral during the interim period. Such relief can be deferred without causing immediate and irreparable harm. ORDER AUTHORIZING DEBTORS TO MAINTAIN INSURANCE POLICIES, PAY INSURANCE OBLIGATIONS, AND RENEW POLICIES 18. Wells Fargo objects to this relief to the extent it will increase the use of cash collateral during the interim period. Such relief can be deferred without causing immediate and irreparable harm. DATED: January 20, 2010. Respectfully submitted, /s/ Jack L. Smith Jack L. Smith, #2640 Risa Lynn Wolf-Smith, #15835 HOLLAND & HART LLP 555 Seventeenth Street, Suite 3200 Denver, Colorado 80202 Telephone: 303-295-8246 Facsimile: 303-295-8261 E-mail: rwolf@hollandhart.com and LANE POWELL PC Bruce W. Leaverton, WSBA #15329 Mary Jo Heston, WSBA #11065 Appearing pro hac vice Telephone (206)9223-7000 Facsimile: (206)223-7107 Leavertonb@lanepowell.com ATTORNEYS FOR WELLS FARGO BANK, NATIONAL ASSOCIATION, WELLS FARGO EQUIPMENT FINANCE, INC. WACHOVIA FINANCIAL SERVICES, INC., A/K/A/ FIRST UNION COMMERCIAL CORPORATION |
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| hmmmm | 01-27-2010 | reply profile send pm notify |
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Ya I read it too. And I came up with something totally different then you. But I can admit I am not a lawyer nor did I sit in court all day. So how i read it is my inrupitation. Can you???? |
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| Joe | 01-27-2010 | reply profile send pm notify |
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Transperency, what the heck??? What does he care about what anybody else other than his creditors and contractors think???? If they had been taking care of business properly this could have still happened but their income to debt ratio is more than double???? Sounds like poor planning, cheap prices and bad management?? It can't be all the operators and salesmens fault nor the economys??? If he is half the person he thinks he is and the company can be salvaged, the entire senior management should work for a $1.00yr each until the company is solvent again and then at that point they can be paid back their previous salaries??? Kinda a put up or shut up theory... They have been considered a leader in this industry, so know hopefully they will be a leader in setting the standard for setting higher prices.... |
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| JLynn | 01-27-2010 | reply profile send pm notify |
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Not likely any of that will happen. |
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| hmmmm | 01-27-2010 | reply profile send pm notify |
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Kinda hard to set higher prices when |
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| JLynn | 01-27-2010 | reply profile send pm notify |
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In my area BB IS cutting everybody's throat. With off the wall prices. That is the TRUTH. |
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| hmmmm | 01-27-2010 | reply profile send pm notify |
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Well we must be in oppisite sides of the country because EVERY company in my area is doing it. AND THAT is the TRUTH. So you see, I am sure that both of us know that what we say is the truth. That is why it is not fair to blame all of BB, when you have no idea what is happening in my area. Nor do I yours. |
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| JLynn | 01-27-2010 | reply profile send pm notify |
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I believe Pumpco started this mess, they started the down fall with their ignorance, now they are gone and we all are left to deal with the aftermath. The stupidly low prices that the contractors now expect from the the low ballers and screw the rest. Doesn't matter if you bust your a** on the job for them, keep your equipment up so it will save them money and time by going smoothly, show up on time and actually care what happens b/c it's your livelyhood. Let's just hope the rest of us can survive. |
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| Seth2626 | 01-27-2010 | reply profile send pm notify |
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I did read "wolfs" whole tirade and I left a reply as well. Chapter 11 bankruptcy protection, in this economy and based on what has happened to the construction industry is the best plan that any company can enter into that will not only save (yes) their job, but the jobs of the employees that remain. The courts will determine if the plan they have is workable, example AIG, USAirways, Aloha, Trump Towers... some survive and make it out and some don't because they didn't have the support of the union or employees or whatever or maybe it was a plan that didn't work. The point is that any company that is willing to go through the Chapter 11 process and endure the wrath of the big banks, with the help of those who scrape the bottom of the barrell has my support and I hope that they will make it not for the directors, but for the employees. |
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| BUCKY | 01-27-2010 | reply profile send pm notify |
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Seth and hmmm You know you sit and jump right to BBCP deffense which is your right But what Schwingputz said was 100% right. Just because you don't like our oppinion does that make it makes it bad mouthing? I don't think so. Well I hate to tell you But I worked brundage watched them go into an area cut the bottom out of the prices and even went as far as doing jobs for FREE just to Piss the competion off. Who was paying the operators and the fuel bills on that? So don't sit and say it's bashing they made there bed and now there going to sleep in it. Yeah I hate it for my fellow brothers and the families that will have to suffer. But it's a vicious circle. Was brundage thinking about the other companies operators and there families when they went in and pumped that job for free? So we only know what were told and nothing more. You know what your being told by the people that claim there telling the truth. |
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| hmmmm | 01-28-2010 | reply profile send pm notify |
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Bucky. like I said in my earlier post I don't doubt that is the truth in your area. However I know (not just told ) that in my area all pump companies are cut throat. I have seen it first hand. Some of them are large companies and some are small. So like I said you can't say that all of BB is doing it because you do not know. Just like I do not know what is happening in your area. I have enough respect for you to believe what you are saying is true do you have enough respect for me to belive what I am saying is also true and quit blaming ALL of BB?
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| pudg | 01-28-2010 | reply profile send pm notify |
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when you claim to be the leader of an industry ,when it falls you cant back out of being the leader then, you gotta take the good with the bad, I wish the best for all but leadership is a two way street, and they need to learn how to lead . |
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| tebequip | 01-28-2010 | reply profile send pm notify |
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Guys. We are an industry that has be devastated in the last two years. During this time. We have all seen banks point fingers, auto manufactures point fingers, investment ponzi schemes, health care issues, pump manufactures in great trouble and more. BB and this industry is not the only ones in the country fighting for survival. Where and when do we draw the line, put the blinders on and focus on moving forward?? As an industry and brotherhood? We are all spending way to much time worrying about what everyone else is doing. Our industry is in dispare. Cannot get much lower. World of Concrete is next week. Yes attendance will be crippling for the holders of WOC. What can we do as an industry to get off the bad and into at least thinking better. Anyone have any Ideas besides dumping on people. Can ACPA help us, Can we organize a real Operators Group, Brotherhood of Concrete Pump Operators or sort of Union? What is it we can do. I know our locals do not even look at us as a real entity. We need to find a way to make people appreciate and respect this industry of Specialized equipment and operators. Love to hear some good ideas without beating anyone up. WE know about the ugly. What can we do to organize to be a better industry?? Do we form an association of operators just for operators working with companies to better see the light. This is a very specialized industry. This is sophisticated equipment and it demands special operators. What is it we can to TODAY to start turning this even in this bad time. At least get it in a better way for when things are better??? Thanks for listening guys. Sorry to take up so much ink and time.
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| tebequip | 01-28-2010 | reply profile send pm notify |
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Well put pudg. We need this across the board in our industry. WE need to take it in our own hands. Guys like you and others Pudg around the country. |
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| hmmmm | 01-28-2010 | reply profile send pm notify |
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tebequip, I like you thinking! There is enough ugliness in this messed up world. And in the end it does not hurt the "powers that be" it only hurts the hard working operators and thier families!! |
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| pudg | 01-28-2010 | reply profile send pm notify |
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lead with morals and ethics not with power and greed as the driving force. we can do this and do it rite this time. |
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| tebequip | 01-28-2010 | reply profile send pm notify |
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Come on guys. Join in. Lets commit to at least trying as a group. Lets hear some positive and lets get some ideas of organizing. I will keep the notes on ideas even so we can discuss as an unbias industry. No behind the curtain and behind the seens. No manufacture control or big boy control. Lets keep this type thing moving From the operaters, owners, manufactures. Positive. Drive this to move into better times in a positive organized way. |
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| JLynn | 01-28-2010 | reply profile send pm notify |
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I don't know just yet, everyone I know of is trying to figure out how to cut spending & save. I don't know who can afford a trip to the WOC if they don't live close by. Who has the money to spend on new products & equipment anyway? |
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| Joe | 01-28-2010 | reply profile send pm notify |
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Teb and pudg are absolutely right....Unfortunately I dont think it will work....Everyone including myself at times cant think past just their own needs....Most of myt career has been in OE union and they treat the operators with little to no respect.....Except when it is re-election time.....No one but the developers dictate to what GC 's charge but pump companies seem to bow down to every last contractor whether they pump 1x a month or or 20x times a month....I know the word collusion comes up a lot when they talk about owners getting together and setting prices, but they do need to do something. If they get the prices to where they should be, revenue will be up wear and tear down and you can afford to do more work with less equipment.....But some many people figure they can do it on volume and it has been proven again....IT AINT GOING TO WORK......................... |
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| pudg | 01-28-2010 | reply profile send pm notify |
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Your rite Joe it will never work, because we will never be able to work as a team, as one industry to make it better for everyone , there will always be those that chose to be undercutters because they lack in service or professionalism, and hey this has been coming for a long time, its just gotten to where the costs have got to be more than what we are charging, fuel costs, labor costs, insurance costs, equipment, and so on, we have cut to much while our costs of business has continued to escalate, we preach the gospel but we ourselves cannot practice what we preach because we would be out of business, what do we do ? restucture ? there are so many just waiting for us to raise our prices and they would swarm like buzzards to a rotten piece of meat, and come in and take the work at lower prices, and our pockets arent near as deep as they should be because of this cycle we have gotten ourselves into, we need a plan that works and the whole industry will follow certain standards we have to adhere to, before we are insurable, master certification would be a start , there is so much I could say to help this industry but it just falls on deaf ears and is a waste of breath, I dont know how this will end but as we see,its not good for the most part,and I promise you we have not hit bottom yet, more are and will fall before it gets better , not only will the weak be brought down but ones we thought were mighty will also fall, until we up the standards of our industry, up the morals and ethics of the people in it , we will continue to have these problems,there is no easy answer, there is no quick fix, until those with high morals and ethics get together and stick together and not let greed rule we will continue on this road , there will be a time when we all will come together and want to work as one but I fear it will be to late and our industry will be one that no one will be proud to work in or call it thier profession, and that my friends is not to far around that corner, the time is now for change, and now may be too late. |
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| bigpumpb | 01-29-2010 | reply profile send pm notify |
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todd why did you take my post down? |
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| Todd | 01-29-2010 | reply profile send pm notify |
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I have not taken any post down since I announced I would not take any down. repost it. It must of been a few days ago. Just repost your post. sorry about that. |
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| johnjohnjohn | 01-29-2010 | reply profile send pm notify |
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this industry needs standards set forth by osha and the acpa so that the prices go back up. i talk to crane operators all of the time, do you think they drop their prices? hell no! because they have those regulations in place they can charge a reasonable rate and the contractors will pay it. |
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| KonTiki | 01-29-2010 | reply profile send pm notify |
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Wonder if Well Fargo folks are lookin at these blogs. Doesn't anyone wonder how Jack and Dale stole so much company moeny to buy themselves motorcycles, RV's, yachts, fancy vacation homes, cars, etc. Look at Jack Brundage using banks moeny to drive himself to work in a BENTLEY!!! Is that a big F-YOU to the banks and to the employees who are losing their jobs! These guys took millions out for themselves and now look!!! When does this end???? |
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| KonTiki | 01-29-2010 | reply profile send pm notify |
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Did anyone catch the court filing that outlines how Jack/Dale took more than $30 million cash out of the company while profits were falling dramatically and BBCP struggled to make loan payments? See Brandlin declaration etc. and Wells Fargo declaration. People like us are losing jobs because these guys just wanted to piss the money away while the banks were'nt looking. |
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| Joe | 01-29-2010 | reply profile send pm notify |
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I suppose everyone is talking out of their ass (allegedly)??????? I see 0 responses from Sr management.....I hope for the working mena nd women of BBCP, someone their gets past their ego and finally does the right thing |
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| 13pumper | 01-29-2010 | reply profile send pm notify |
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well I worked with jack and dale and they have to be some of the worst and most dishonest guys ever but for Bruce Young he really had his had tied behind his back if they let this go through i think that you will c a better company in the future |
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| Joe | 01-29-2010 | reply profile send pm notify |
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If for no other reason for the operators and dispatchers especially not to mention with that many pumps on the market you might see small GC or concrete contractors thinking they can make a go of it and no disrespect to them but we have already had several companys with suppossed experts running them go into the tank.... There is more than enough blame to go around.... |
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| Chris Vogel | 01-31-2010 | reply profile send pm notify |
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Why would senior management reply to posts that are based on speculation, of which 90% or more are posted by anonymous cowards afraid to state who they are? |
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| biged | 01-31-2010 | reply profile send pm notify |
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Guys only time will tell in 6 month wew will no the out come one way or the other thats one thing we can't stop. |
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| crete | 01-31-2010 | reply profile send pm notify |
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At least you guys hiding with no info on your profile could fill in your zip code,so we can see what part of the county you are from!! Hope you are not that afraid of people finding out who you are.Terry |
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| Joe | 02-01-2010 | reply profile send pm notify |
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the reason I put that Chris is because they have asked people to believe them and put your name blah blah blah so they know who you are. They also ask you to believe themand what they are saying, but if you read the court documents they arent the painted with the same brush as mngmnt is.I do know this is big business and there are times you have to posture and put up the united front. There are also times where you need to put egos aside and do right by the men that made the comapny what it once was.....I dont want them to fail because the majority of their work force are dam good and I am proud to call some of them my friend. But some heads need to roll and certain people need to be held accountable. It was poor management positions that led to the majority of this mess... |
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| jk98 | 02-04-2010 | reply profile send pm notify |
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BB deserves everything it gets. This company steals from its employees literally. Every single month they short their employee's on their paychecks. They promise raises and never deliver. They spend thousands of dollars on lifts for managements work trucks but dont fix their pumps. They are bouncing payroll checks and not paying on time. |
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| jk98 | 02-04-2010 | reply profile send pm notify |
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BB is far from an honesty company. If they were they wouldnt steal from its employees every single month. What company puts a dispatcher who doesnt know a thing about pumping concrete as a service guy and when he's is flustered stutters constantly? What moron made that decision? What company spends thousands of dollars on lifts for management work trucks but can't afford to fix their pumps? Lately payroll is bouncing and employees havent been paid on time. Does BB tell payroll to short employees on hours every month to save money because it happens every single month. |
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| Joe | 02-04-2010 | reply profile send pm notify |
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Boy that does suck....I never had that problem with them I think I was short one time and the had it next check I believe or they might have gave me a handwritten check but either way my 1 problem with that was solved quickly and properly......But from what it sounds like to me and it is just speculation it may happen more frequently I hope not. I cant speak for all branches but the ladies they had in the Seattle office were down right awesome from dispatch to payroll they were always on top if it......Same cant be said for the "The Man at the end of the Hallway" |
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| hmmmm | 02-04-2010 | reply profile send pm notify |
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interesting JK98. I know several people who work for BB and not one payroll check has bounced. So maybe it is just you. |
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| hmmmm | 02-04-2010 | reply profile send pm notify |
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And by the way does that make you a big or honest man for making fun of another mans disability?? You should thank god that you or your childeren do not have one because it is a very hard thing to live through. I think someone that has a stuttering problem should be commended for having the courage to work in an enviroment that requires a lot of talking not down graded. |
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| bigpumpb | 02-04-2010 | reply profile send pm notify |
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jk98 doese that stand for JACK ASS 98? you are way of on what you posted i have worked for bbcp for over 14yrs they have never messed up with my pay never been late nothing!!! if anyone thinks this guy is telling the truth then you are being miss led..i now for a fact that they have given the operators more money on their checks because the operator messed up their own time cards its not correct at all as to what you are saying so shut your damn mouth boy!!!!!!!!!! tell the truth you are another pissed of former employeeeee takeing a shot at bbcp it wont work. if any other bbcp guys see this lets hear what you have to say.and thank you joe the girls in seattle do a really great job thanks for saying that!! and i now you are a former employe..good to hear that you agree about the girls in kent .. |
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| bigboom | 02-04-2010 | reply profile send pm notify |
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I've for BBCP in three states. The girls doing payroll may have screwed up maybe five times in six years. In my favor and theirs. If I've been short then I had it the next week. And I have never heard of them bouncing payroll. |
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| northwest63 | 02-04-2010 | reply profile send pm notify |
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he must have been over drawn in his bank acc.so the bank took it...LOL..and as for lifted truck's there all stock in are yeard. |
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| BIG PAPA PUMP | 02-04-2010 | reply profile send pm notify |
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Jk98 where to start.......What rock did you crawl out from??? Dood come on, your a tool, if that's the best you got then go back to school. I mean for real???? Seriously?? You aint even worth it. I got a motor to build, i think i'll put my posotive energy into that. Get over it homie. |
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| Mitch S | 02-06-2010 | reply profile send pm notify |
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I guess I am the Moron that made that decision. Anytime you want to man up and quit hiding behind anonymous words feel free to contact me. |
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| predater | 02-06-2010 | reply profile send pm notify |
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Pretty sad u have to bash someone for a dissability bashing brundage is fine if u want to the mans stuttering has nothing to do with whats goin on jerk off makin fun of someones dissability is just plain wrong |
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