Replies to post #681 on Bulova Technologies Group Inc (fka BTGI)

[Darganslayer]

Steve Gurba, John d stanton and Chuck Broes as CEO stole DIRECTLY from Bulova employees:

And the insurance and the 401K deposits? That was OUR money that was having games played with it. Neither the company nor the bank has any ethical, legal, or ANY KIND of justification for that. The company share is one thing, but the money that is taken out of MY paycheck should be paid DIRECTLY to the party it is being taken for. 401K deposits were NOT happening on a regular basis, costing US money in interest and earnings while the company or the bank made money on it. That's probably why we changed from Prudential to PNC... because Prudential listed the deposit dates on the statements, so we could see that games were being played with OUR money. Play with your matching money if you must, but DON"T play games with OUR money.

Nepotism, favoritism??? Jobs filled or created that aren't needed except for the fact that someone with connections needs a job??? I can think of several people in Melbourne that were GIVEN jobs so they could have a paycheck, and in one case a green little boy who had never held down a real job in his life was given a job paying almost as much as people who had worked there for YEARS

[Darganslayer]

What Stephen L Gurba (SLG) fails to mention here is that he sold the only real contract Bulova had to L3 for
44 million in cash.
He then proceeded to piss it away on gambling, hoes,
and the high life.
In 2 years he was broke and raiding employees 401k's to pay for his gambling debts..

Re: Gurba's deliberate destruction of Bulova 23-Jul-09 08:54 am More Gurba Love.


You state I bought Bulova to take it apart and bleed it dry. Why would I wait 15 years to run the company into the ground? Seems to me I tried pretty damn hard to keep it floating. Your upset because I wasn't able to pay big severance packages, maybe I should of laid everyone off the first sign things were bad, then you would be unemployed a long time ago with all your severance. But instead I tried to keep the company going and keep your jobs, silly me.

I find unions protect the lazy workers and thats how they end up there for long lengths of time and no one can get rid of there lazy asses. Stops management from bringing in new people who want to work for a living instead of sitting around complaining. I remember seeing allot of your faces at xmas parties, 4th of Julys on the roof with a nice spread to feed your big mouths, and you were right there taking that hand out, now those same hands slap the man in the face and call him names. If I was SLG I would let the bank take the damn company lay your asses off and restart a new, making sure I never make the same mistakes with this kind of backstabbing employees. SLG is as much in the dark as you are, and the bank man is keeping him that way.

All your attacks are personal, and quite offensive, matter of fact I have seen some of your asses and mine is small in comparison. You have turned yourself into a old time lynching mob. I even read one blog that was deleted
threatening his life. You people really have to take it up the ass
cause I'm alredy gone...........
Felonious Fingersucker

[Darganslayer]

Re: Gurba's deliberate destruction of Bulova 23-Jul-09 10:13 am Florida Out In The Cold wrote:
It has been said several times that Steve took money out of his pocket to keep us open and we are to thank him for this! No - he took money out of our pockets by not paying us for services we provided him. And pulling money out of our pay checks (when we got paid) for insurance and 401K's that he kept and did not pass on. By accepting COBRA checks from people who were laid off and keeping that money.

I want everyone in Florida to remember the first meeting we had when we became Bulova. Steve stood in front of us and stated "I own Bulova 100%. I answer to no one. I paid with my own money."

Then later in another meeting we were told us that "Steve had sold the building and made back all of the money he spent to buy this place."

We had another meeting with Steve when we were starting to have trouble getting inventory & supplies. When asked a question on what we should expect in the coming months, Steve's answer was "I want you to make money, because when you make money STEVE gets a new car."

Bulova, a business or a toy for Steve

[Darganslayer]

Gurba Stole insurance payments Judy Althouse... 23-Jul-09 09:41 am From Lancaster on line.....



Gurba claims that what happened is not his fault. A sour economy, overpaid union workers and cheap foreign competition put him in a hole, according to his account.

"The company's had financial difficulties for two years," he explains. "Our financial situation was week to week. The bank had the ability to pay certain payables and no others."

The bank is Webster Business Credit Corp., a Manhattan-based affiliate of New England-based Webster Bank.

Gurba says he owns the Bulova building but Webster wound up owning the business. Large loans gave Webster the ability to call the shots, according to Gurba's account.

"We were writing checks to Blue Cross but Webster Bank didn't honor the checks," Gurba says. "They didn't honor the checks because they were saving money in anticipation of a foreclosure."

By Gurba's account, he didn't know any more than any other employee of Bulova about what the bank would do and when. He has the same health insurance, he says, and had it cut off.

Webster ultimately took over Bulova under a Uniform Commercial Code Article 9 foreclosure, Gurba says. Webster then sold Bulova to Stanton's company.

Gurba says the new company is willing to pay back wages and health care benefits for Lancaster workers in order to ensure that its Florida workers remain happy.

Retirement funds paid by Lancaster's employees at 3 percent of their hourly wage are safe in a state-guaranteed program, he says, though he cannot name the program.

But Gurba says severance pay — one week's wages for every year employed, according to the union contract — will not be paid. Many workers have been employed for 20 or more years, so the amount would be substantial.

"The company has no assets and no ability to pay a severance. The lawsuit is misguided," Gurba says. "I didn't close the company down. The bank did. If the folks need severance pay, they should be pursuing the bank."

Informed that Gurba is shifting responsibility for Bulova's distress to the bank, a spokesman for Webster Bank considered the situation.

"We won't be able to comment in any detail on this customer's case," says Ed Steadham. "So if you just want to put down 'no comment' for us, that's fine."


***


Judith Tomlinson, a 27-year Bulova employee, has throat cancer. The company's Blue Cross insurance paid for chemotherapy and radiation. Her doctors thought they had eliminated the disease.

The doctors ordered a Dec. 9 test to determine definitively if all cancer is gone. The test costs $3,700.

When Blue Cross denied the test because Bulova no longer has an insurance plan, Tomlinson was dismayed. She had been paying health care premiums and assumed she had insurance.

She can't afford the test. She's looking for a new job. She wonders if she still has cancer and worries about the future.