BREAKING NEWS

Burstnet ripped off their landlord (Insite Dunmore) and failed to pay lease obligations going all the way back to July 2013.

see for yourself: http://vpsboard.com/files/bustnet_2014_stiffed_their_landlord.pdf

As mentioned in Burstnet Technologies (aka Burstnet) has ran quick and fast from their Dunmore datacenter.Their new escape hatch plan is to relocate customers to DC74 in North Carolina, while abandoning the Pennsylvania datacenter.This is while spinning the situation as being "out of their control" and "sudden". Premise is something just happened necessitating a move. Yet, nothing could be further from the truth.Burst left Pennsylvania while intentionally not paying for multiple lines of credit for computer server hardware and one lease line was for 480V power equipment presumed to be used in Dunmore build out.In a December 24, 2013, Lackawanna County, Pennsylvania, Civil Court filing, it details Burst's original lease for the Dunmore industrial space:"... Agreement for 156,283 rentable square feet"Burst did not lease the total space but according to the Lease documents:"Approximately 32,578 leasable square feet.... 16,246 square feet on August 1, 2012... and.... remaining 16,332 square feet on October 1, 2012."Terms of the lease:ONE HUNDRED TWENTY MONTHSPrice:$10/sq foot.Annual Base Rent:$325,780Monthly Base Rent:$27,148.33I've included the UCC filings on record in Pennsylvania for Burst and recent LEAF Commercial Capital dealings as of February.