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With the monthly Interactive Plan, you can use SimpliSafe's Online Dashboard or mobile app to control the system, including arming and disarming it. The Dashboard also lets you view your System Event Log, change your PIN, assign up to four guest PINs, and choose an optional Duress PIN, to use when an intruder is coercing you to disable the alarm. Enter it, and the alarm will stop sounding, but SimpliSafe will immediately send the police. You can also tweak settings like siren volume, entry and exit delay time, and manage and rename sensors in the Dashboard. But now, with the new system, most of these controls are accessible on the keypad too, which is nice. I’ve been using a Canary since their kickstart beginning; I started with one All in One unit mostly because my hard wired home security system’s temperature monitor had been replaced a couple of times and still gave untimely and weird reports. I also wanted to see what was actually going on and found it invaluable when our house sat vacant for a year while my wife was in medical treatment in another city. After my wife recovered we downsized into a small condo and now rely on two Canary All in One’s and a Ring Doorbell for our entire security there. The units were so inexpensive on Amazon compared to my first All in One, I bought three more All in One’s and a Flex to cover the front and rear entrances to my townhouse, garage, and driveway outside. I no longer have to wonder if the heat is working when we are away, if I left the garage door up, if the contents of the garage are about to freeze, did a delivery man leave a package on my porch, or if an unauthorized entry is taking place. Compared to the cost, maintenance, and monitoring of professional hard wired security systems and the information they provide, the Canary units are inexpensive and I think superior!My personal feeling, this company is a guileful company.

Posted by Anonymous at 3:19PM | (8 comments)

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reported that the company is confident, based on the support agreement reached with its largest creditors, that it will be able to meet its financial commitments and otherwise continue to operate its business as usual throughout the restructuring period, including paying its employees, dealers and suppliers in the normal course of business and providing home security to all of its customers. As part of the anticipated chapter 11 process, the company has secured a commitment for $245 million in debtor in possession DIP financing that will be replaced by $295 million in exit financing at the completion of the reorganization. The support agreement contemplates that all trade claims whether arising prior to or after the commencement of the voluntary chapter 11 cases will be paid in full in the ordinary course of business, and that the company will continue operating its business without disruption to its customers, vendors, partners or employees. Ascent will, subject to, among other things, the receipt of the requisite approval of Ascent’s stockholders, merge into Monitronics. As a result of the merger, all assets of Ascent, including an anticipated approximately $23 million in cash, will become assets of Monitronics. Ascent’s stockholders are expected to receive approximately up to 5. 82 percent of the total shares of Monitronics common stock expected to be issued and outstanding immediately following completion of the reorganization and merger, but subject to dilution by certain shares issued under a management incentive plan for the company, in exchange for all then issued and outstanding shares of Ascent common stock. If, however, Ascent is expected to hold cash equal to or in excess of $20 million but less than the target cash amount as of the date of completion of the reorganization of Monitronics under the plan, the stockholders of Ascent will receive a proportionately lower percentage of shares of Monitronics common stock, and certain participants in the equity rights offering have agreed to contribute the shortfall. If Ascent is expected to hold less than $20 million in cash as of the date of completion of the reorganization of Monitronics under the plan, the merger will not be consummated, and certain participants in the equity rights offering have agreed to contribute the full target cash amount. Under the terms of the support agreement, Ascent must obtain approval for the merger from its stockholders within 65 days following the date on which Monitronics commences the chapter 11 cases. If the merger is not approved within 65 days following the petition date or the merger is not completed on the effective date of the plan for any reason, the merger will not occur, and the restructuring of Monitronics will be completed without the participation of Ascent.

Posted by Anonymous at 3:19PM | (6 comments)