Live Current Looks to Sell More Domains, Malaysia.com Whois Changes
Thursday, January 8th, 2009
Live Current Media seeking offers on more premium domain names; whois information for Malaysia.com changes.
Live Current Media (OTCbb: LIVC.ob) is considering selling Yen.com, Body.com, Mouse.com, Keyboard.com and Leisure.com to raise much need cash, Domain Name Wire has learned. Any sale would “clearly depend upon receiving offers that meet our price expectations”, Chief Corporate Development Officer Mark Melville informed me via e-mail.
In October the company announced that Brazil.com, Vietnam.com, Indonesia.com, Malaysia.com, GreatBritain.com, and Communicate.com were all for sale. The company hoped to raise $6 to $10 million by selling the domains. The whois information for Malaysia.com changed over the past week to Malaysia Travel, Inc., which may indicate a sale is in progress. The new address in whois is a Vancouver Address, but not Live Current’s offices. It’s possible the company is selling the domain to a related company or investor, but the company has not released any information about a sale.
With cash running seriously low, Live Current raised $1 million in November (and perhaps an additional $1 million more shortly thereafter). Live Current’s CEO invested in the round.
After a few strategy changes, Live Current is betting its business on cricket. It signed a $50 million deal with DLF Indian Premier League in 2007. Since then, the company has been unable to make required payments, which were forgiven. The company also recently launched a web site at Cricket.com. Its major source of revenue is Perfume.com, an online fragrance shop. The company launched a similar site at Body.com, but it has been closed down and is now a parking page at Sedo.
A publicly traded company, its shares settled at $.45 today, down from a 52 week high of $3.48.
Further Reading:
- Malaysia.com Sells for $400,000, Live Current Cuts 38%
- Live Current Hopes to Sell 6 Geo Domain Names for $6M-$10M [Updated]
- In Play: Live Current May Have Sold Leisure.com
Tags: cricket.com, livc.ob, live current meida, malaysia.com
Live Current is selling these key assets as they now plan to focus on there development of sports domains and other key domains.
They own a great portfolio and I am working closly with them to help sell some of there domains.
The issue we have at present that most people are holding onto there cash and not wanting to part with money when the world is in such a bad way.
Regards,
Robbie
Robbie,
Do they have any good second tier domains for sale? If so, please post them.
I am interested to know too.
[...] thanks to its heavy debt load (backed in part by IRS.com). One other company to keep an eye on is Live Current Media (OTCBB: livc.ob), which is scrambling to raise cash. Although debt-light, it technically owes its [...]
I’m interesting how much they can sell.
[...] Live Current Media (OTCBB: LIVC.ob) today announced the sale of a domain name for gross proceeds of 500,000 CAD, or approximately $400,000 USD. Based on information including whois record changes, Domain Name Wire believes the domain name sold is Malaysia.com. Malaysia.com is the only domain the company has put on the sales block that has had a whois change since then. [...]
The gossamer -threads email is their tech/hosting company. Maybe they didnt sell it?
@ domainer – I suspect it was sold to a related party in Canada. Just a hunch. I can’t find any details on the new address in whois.
[...] Live Current Media (OTCBB: LIVC.ob) today announced the sale of a domain name for gross proceeds of 500,000 CAD, or approximately $400,000 USD. Based on information including whois record changes, Domain Name Wire believes the domain name sold is Malaysia.com. Malaysia.com is the only domain the company has put on the sales block that has had a whois change since then. [...]