Live Current (Communicate.com) Starts Trading Under New Ticker
Tuesday, August 5th, 2008
Domain name company name and stock symbol change go into effect.
Domain name company Communicate.com has officially changed its name to Live Current Media (OTC BB: LIVC). It changed its stock symbol from cmnn.ob to livc.ob effective yesterday.
The company’s stock has been on a wild ride this year, shooting up to over $3.00 per share after positive press in Kiplinger. The stock closed yesterday at $2.10 per share.
Live Current Media owns a number of premium domain names including Perfume.com, Cricket.com, Brazil.com, Boxing.com, and Karate.com. The company used to park many of its domain names, but is quickly developing them.
It has a checkered past as domains were sold seemingly “below value” to company insiders, but the company has a new slate of management that is proving aggressive. In April Live Current signed a ten year, $50 million deal with with DLF Indian Premier League (a cricket league), which will probably be integrated into Cricket.com. In March it acquired Auctomatic, an early stage startup funded by Y Combinator.
The Kiplinger article sparked a lot of interest in the company, especially when it revealed that the company had rejected a $6 million offer for Cricket.com.
Tags: cmnn.ob, communicate.com, livc.ob, live current, live current media
