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[WhoDatDog]

99 percent of all sales that I thought were frauds during the past five years turned out to be frauds. The other one percent there wasn't proof. I am talkng mainly about the big money frauds like sportsbook.mobi and now we get to read about Overstock.com buying o.co for 350K....... I guess I have to believe that this is a totally arms length transaction. It is more believable than most, and it is very consistent with most frauds. Part of the scam is to entice other companies to play along and think they are missing out, so they brought in Overstock.com to do some of the dirty work. Who knows how it all played out...don't really want to know.

Kinda like Flowers.mobi, where they had the CEO from 1800Flowers.com in the audience and then Rick Schwartz outbid him. Who knows what was going on behind the scenes there. It is NOT arm's length, I will tell you that.

People can flush money down the toilet if they want. It is a free country, so go ahead and start your huffing and puffing. You will find a sucker, somewhere, I am sure. The hype will continue for quite a while. Expect to soon see lots of threads about names getting great traffic, and lots of publicized sales that make you shake your head.

Have at it. I am allowed to state my opinions, too. The bottom line is that nobody with any standing in the business has ever put themselves in a worse position in order to OUT a fraudster. If there is money to be made most everyone turns a blind eye. That's the same thing with most businesses, though.

I am just trying to open people's eyes. Most people know what is going on, but these extensions are brought on the market for one reason, and one reason only, and that is to make money for those who are behind the extention. It doesn't make the Internet any better, and it gets kind of tiresome seeing the same games played over and over again with nobody being held accountable for getting their fraudulent transactions publicized as real sales. It happens every time, and it is starting to happen already with the stupid O.co sale for 350K making headlines and making it look like dotcom isn't even an extention (yeah, I know, I can't prove it wasn't legit...that's what they all say....it is part of the scam). Whatever it is, it is not arms length, but you will see some real doozies in the next few months. You will know what I am talking about real soon.

I know all of the scams.....very shady stuff and it ruins a lot of new domainers who are eager to learn the game.

[Melly]

Huffing and puffing? Not my style. Just disagreeing. I am sure there will be bogus sales. I am interested to see more info on the overstock sale in the near future. I am just stating from personal experience so far the .co is doing better than when other extensions came out at least sales seem to be happening faster.

[WhoDatDog]

I am not attacking you. I am just saying that it is really marketing scam, as you can see by the timing of the Overstock.com announcement at the top of DN Journal. That is the start. You will see more, and many will be sales in the thousands, not 350K. However the Overstock.com transaction went down, all I know is that I will bet my life to $1 that is wasn't a pure domain sale. It is not like Overstock.com heard about .co coming out and then contacted someone and offered 350K. I mean, wasn't 300K enough....lol.

Some people need to see the same moves done many times in order to get the message. I avoid this garbage, and I tell others to avaoid it, as well. You are welcome to get excited about it, and I believe you have the right to get as excited as you want, but I know how it will play out, and it will only be good for those who are behind the extension, and those who are lucky enough to find a bigger sucker.

[Acro]

Overstock is known for going after the "O" mark for a few years now. Betting your life for $1 is not exactly smart, then again you seem to be completely biased against both past and current/future sales.

[Melly]

k.

[JB Lions]

I am not attacking you. I am just saying that it is really marketing scam, as you can see by the timing of the Overstock.com announcement at the top of DN Journal. That is the start. You will see more, and many will be sales in the thousands, not 350K. However the Overstock.com transaction went down, all I know is that I will bet my life to $1 that is wasn't a pure domain sale. It is not like Overstock.com heard about .co coming out and then contacted someone and offered 350K. I mean, wasn't 300K enough....lol.

Some people need to see the same moves done many times in order to get the message. I avoid this garbage, and I tell others to avaoid it, as well. You are welcome to get excited about it, and I believe you have the right to get as excited as you want, but I know how it will play out, and it will only be good for those who are behind the extension, and those who are lucky enough to find a bigger sucker.

They had a press release about it - http://investors.overstock.com/phoen...274&highlight=

Overstock.com purchased the registration rights to secure the iconic, single-letter domain O.CO and related URLs for $350,000 USD.

Whatever those are. Their CEO is an interesting character.

Maybe Patrick is a domainer at heart and looking to flip it to Oprah down the line. The big O.

[WhoDatDog]

They had a press release about it - http://investors.overstock.com/phoen...274&highlight=

Overstock.com purchased the registration rights to secure the iconic, single-letter domain O.CO and related URLs for $350,000 USD.

Whatever those are. Their CEO is an interesting character.

Maybe Patrick is a domainer at heart and looking to flip it to Oprah down the line. The big O.

I know all about the Press Releases from both parties. Was not 300K enough? Funny how it all coincides with the launch of .co. Maybe it is 100 percent legit and there was an honest good-faith negotiation where the .co registry would have walked away from 340K, or 300K. Maybe, maybe, maybe.

You will see what I am talking about in the near future. They had the Flowers.mobi guy in the Traffic audience placing bids, for God's sake. Whom do you think contacted whom first? Go ahead and believe everything your read, even all announcements from public companies. I am not saying that it wasn't a well-thought out and nicely timed sale. I will admit to that.

Well, I just read the Overstock Press Release, and of course the .co guy was in the article chirping about the sale. In normal business transactions the price would not be mentioned for something like this. Of course, in this case, it is part of the plan. Most businesses don't give out the price that they pay for these types of things. Overstock would simply announce the launch of O.co (if it ever launches), and the .co registry would never announce the price of an asset like this unless it was part of a greater plan. Companies don't throw that info around. In this case, it works great for the .co registry....people actually think that O.co is worth 350K, and a few more businesses might get suckered into buying something else.

Do you believe in the tooth fairy? The deal is a marketing deal. The true facts will never be known, but it isn't arm's length....not in this world.

[Banned: theinvestor]

Do you really think a company like Overstock would fabricate a purchase to all its shareholders? http://finance.yahoo.com/q?s=ostk

I don't think so. In every industry fraud occurs. 350K for a company like Overstock is peanuts, the company alone is worth 500M+

[gilescoley]

Article on elliotsblog.com on the .CO extension

[JB Lions]

I know all about the Press Releases from both parties. Was not 300K enough? Funny how it all coincides with the launch of .co. Maybe it is 100 percent legit and there was an honest good-faith negotiation where the .co registry would have walked away from 340K, or 300K. Maybe, maybe, maybe.

You will see what I am talking about in the near future. They had the Flowers.mobi guy in the Traffic audience placing bids, for God's sake. Whom do you think contacted whom first? Go ahead and believe everything your read, even all announcements from public companies. I am not saying that it wasn't a well-thought out and nicely timed sale. I will admit to that.

Well, I just read the Overstock Press Release, and of course the .co guy was in the article chirping about the sale. In normal business transactions the price would not be mentioned for something like this. Of course, in this case, it is part of the plan. Most businesses don't give out the price that they pay for these types of things. Overstock would simply announce the launch of O.co (if it ever launches), and the .co registry would never announce the price of an asset like this unless it was part of a greater plan. Companies don't throw that info around. In this case, it works great for the .co registry....people actually think that O.co is worth 350K, and a few more businesses might get suckered into buying something else.

Do you believe in the tooth fairy? The deal is a marketing deal. The true facts will never be known, but it isn't arm's length....not in this world.

I already said I'm not a fan of the extension.

"The deal is a marketing deal."

Of course. It's just your basic marketing 101 type stuff. I don't see what's to be surprised about.

[Onward]

Article on elliotsblog.com on the .CO extension

Interesting comments on Alcapulco.co

[mentor]

Asking Existential Questions

If the .co succeed , what loss of value should Domainers expect for the domain names that are already in the market (sedo, afternic ect..)?

What about your tremendous portfolio ( that mainly includes 2 or 3 words .com/net/org) ?
Do Domainers as a whole community really need that?
Is it the best try to kill (or at list reduce) the Domaining Business?
At the end of the day...are we the one who are killing (reducing) our own business industry? ( we give credibility to .co, most of people don't even know what is it)

I was just wondering...

[BLazeD]

Overstock is a listed company, I doubt they would pull that sort of crap, but who knows

[britishbulldog]

Overstock is a listed company, I doubt they would pull that sort of crap, but who knows

Haha look at BP corrupt as **** like most listed companies never mind the banks,the bigger they are the more corrupt they are.

---------- Post added at 05:48 AM ---------- Previous post was at 05:43 AM ----------

I was referring to domain market. We have some really nice ones. So far I have sold 3. One for xxxx and two for xx,xxx.

You never replied in how you got them as nothing had gone to auction yet ?

[Jilo]

Haha look at BP corrupt as **** like most listed companies never mind the banks,the bigger they are the more corrupt they are.

Agree. Big companies have big budgets, the best lawyers, and the best pr guys to hide their corruption...

[bmugford]

You never replied in how you got them as nothing had gone to auction yet ?

They are part of the holdings of DomainMarket.com, which is owned by big domainer Mike Mann. Pick any top keyword, he basically owns it.

Business.co
CreditCards.co
Health.co
Fitness.co
Oil.co
News.co
Health.co
Advertising.co
Gold.co
Bank.co
Boats.co
Cameras.co
Doctors.co
Movies.co
Computers.co
Clothing.co
Men.co
Women.co

And many more...

I am not sure exactly how they were acquired, but they all were acquired months before the launch it looks like from the whois.

39,000 domains, including all the top generics, were long gone when the registration started for normal people. Everyone is fighting for scraps at this point IMO.

Brad

[Wot]

.

I am not sure exactly how they were acquired

Brad

Honestly and completely above board I am sure, how else?.

[katherine]

Overstock is known for going after the "O" mark for a few years now.

Actually their ultimate target is O.com as well right ?
The fact that they bought O.co is a way to leverage their position when/if icann decides to reallocate the 1-letter com.
O.biz: same here, brand consolidation.
O.co: not a vote of confidence in the extension.

[BLazeD]

Riiiight, because if the O.co deal wasn't above board, the Board of Overstock would want it splashed everywhere across the internet/media for everyone to see and/or investigate.

Yes, there is corruption in publicly listed companies, but it usually happens behind closed doors - you know, so they don't get caught?

[bmugford]

Actually their ultimate target is O.com as well right ?
The fact that they bought O.co is a way to leverage their position when/if icann decides to reallocate the 1-letter com.
O.biz: same here, brand consolidation.
O.co: not a vote of confidence in the extension.

I agree.

Why did Overstock buy O.co? Because O.com is not available. It means they can use it as they want and will not drive traffic to O.com
It also puts them in strong position to make a play for the .COM if it is ever released as they have O.co and O.biz

I still fail to see how a deal struck between the registry itself and an end user is relevant to anything.
I mean the average domain I have seen is about the quality of BuyTurtles.co. Does that sale really add any value to a bad or mediocre domain? LOL

Brad