As I posted on another forum:
A filing that might be of interest:
http://www.sec.gov/Archives/edgar/da...08_eastern.htm Quote:
|
Structured Products. We have established Fund.com Capital Inc. to make active (non-passive) investments on our behalf, including in other financial institutions and fund management companies, and in strategic products offered or managed by either in certain instances. On November 9, 2007, Fund.com Capital entered into a $20,000,000 certificate of deposit with an Antigua bank, the Global Bank of Commerce, which is an affiliate of one of our significant stockholders (GBC Wealth Management Limited). Initially the deposit is credited with earned interest at 5% per annum for a term of three years. We have begun negotiations with the bank to change the term of the deposit to one year and to modify the interest rate from a fixed rate to a variable rate of return. We expect that the bank will determine the variable interest rate based on an index published by EQUITIES Magazine (which is owned by a significant stockholder), and that, on that basis, Fund.com Capital would receive a monthly credit (or have a monthly debit) to its term deposit in an amount equal to the increase or decrease in the published index. The term deposit would not be debited for decreases in the index for cumulative amounts that would result in the term deposit account being an amount less than the initial deposit amount. Subject to receipt of any necessary approvals (including the approval of Global Bank of Commerce, which approval could be withheld in its sole discretion), we may seek to use all or a portion of this $20,000,000 to fund one or more control investments.
|
Also, the fund.com website does mention the $10 million amount:
http://www.fund.com/investors_faq.html#7 Quote:
How did we arrive at the $10 million purchase price for an Internet domain name?
The Internet has proven itself. The Internet connects millions of buyers and sellers everyday doing billions of dollars of business and in doing so billions of online advertising dollars and lead dollars are exchanged. The search engine Google is a prime example with $16 billion in advertising revenue. The Internet is also ideally suited to our business. Our easy to find and easy to remember address creates top-of-mind awareness for potentially tens of millions of customers. $10 million is relatively inexpensive when compared to the much greater cost of creating awareness for an upstart brand name or unknown website domain.
|
On the other hand, if the sale did occur, I'm a bit surprised the new owner would keep the name at Directnic (i.e. most owners would have a favourite registrar, and would tend to move the domain name away to that registrar). There were a lot of WHOIS changes in 2007, hmmmm.