Newsflash: without DNS a domain is worthless

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By , August 20, 2010

I have always noticed a large cognitive void in the minds of domainers when it comes to DNS. Frank Schilling has correctly identified another Achilles Heel of the domainer: that of the registrar, to the point of recommending that any serious domainer own his own registrar. Yet domainers may end up running multi-million dollar portfolios on DNS servers held together by spit and twist ties.

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Tucows posts second quarter loss of 0.01/share

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By , August 11, 2010

Briefly: Tucows just posted their second quarter results. While net revenues and deferred revenues were up modestly, they posted a loss on forex losses (read: weak US dollar) and because the second quarter from last year included one-time items like their divestment from Afilias and a patent assignment.

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Reading between the lines of Demand Media’s S1 (hint: there’s more cash than you think)

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By , August 10, 2010

There has been a lot of coverage in domainer circles (and beyond) of Demand Media’s S1, most of which run along the theme “Demand Media is losing money, why would anybody invest”. Which is a good question. I remarked the same back when Godaddy’s S1 revealed that even though they were the largest registrar in the world, they too were operating at a loss.

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Marchex to pay dividend….there’s just one problem.

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By , August 6, 2010

Marchex (Ticker MCHX) recently announced that they will start paying a quarterly dividend of .02 per share, which at today’s closing price gives it a 1.7% yield. I was holding off commenting on this until the earnings came out, which happened today, as reported on TheDomains. After squeaking in a very negligible profit last quarter, they sunk back into loss territory this one. Which brings us to the one problem about the dividend:

Where are the earnings that they will supposedly come out of?

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Live Current closes another private placement

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By , August 5, 2010

After the recent news that Live Current raised $375K in a private placement, word arrived today that they closed another private placement yesterday: 46 more units for $225,000. That means an additional 2.3M shares (close to 10% of the shares out) and then 2.3M more warrants convertible into shares @ .15 cents within the next 2 years.

The earlier private placement was covered at Domain Name Wire with some follow-on analysis here.

FileSend.net acquisition

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By , August 5, 2010

Last night I completed the acquisition of the large-file transfer service FileSend.net. This basically closes the loop on a process that began over a year ago, the first time I saw the website listed on Flippa.

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Live Current private placement dilutes shareholders 15% to 28%

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By , August 2, 2010

As observed in DomainNameWire today, Live Current completed a private placement, selling 74 units consisting of 50,000 shares each for total proceeds of $370,000. Based on the current shares outstanding (roughly 24,000,000) this amounts to a 15% dilution of current shareholders. The units also include warrants to purchase an equal number of shares at .15 within 2 years. If Live Current manages to lift the stock price above that level, it will further dilute shareholders another 13%, based on the the number of shares outstanding of 27,700,000. Read more »

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