Domain Name Wire

Domain Name Wire

Displaying posts tagged under "communicate.com"

  • Live Current Proxy Battle Exposing Ugly Truth

    1. BY - Sep 22, 2010
    2. Uncategorized
    3. 5 Comments

    Company has murky past.

    The battle over Live Current Media’s board is heating up, and with each war of words more of the company’s questionable past comes out into the open.

    In Live Current’s Preliminary Proxy Statement for its upcoming meeting, current CEO Geoffrey Hampson said he began to have a falling out with the Jeffs family after Hampson didn’t have Live Current buy the web site Makeup.com.

    Confused? Take a look at the players.

    David Jeffs – former President of Live Current
    Richard Jeffs – David’s father
    Geoffrey Hampson – current CEO and Chairman of Board

    According to the proxy statement, Richard Jeffs wanted Live Current to purchase Makeup.com, a company that Richard Jeffs said he controlled. Live Current reviewed the idea but ultimately passed. The relationship between Hampson and Jeffs deteriorated from there, at least according to the statement.

    Have you heard of Makeup.com before? There are two reasons. First, L’Oreal bought it for seven figures earlier this year.

    Second, and more importantly, Live Current used to own Makeup.com back when Live Current was called Communicate.com. Communicate.com sold the domain name to Manhattan Assets Corp along with Automobile.com, Exercise.com, and Call.com. But you know what? Richard Jeffs served as a director at Manhattan Assets Corp.

    Come again? Basically members of the Jeffs family purchased Automobile.com, Exercise.com, Call.com and Makeup.com from Communicate.com. Then they “sold” Call.com back to Communicate.com in order to eliminate an ongoing royalty payment provision while Richard’s son was still President of the company. Later, Richard allegedly asked Live Current to also buy Makeup.com back. [Update: I am told that Richard Jeffs was not a director at Manhattan when the original deal was done; he was a director when the sell back of Call.com occurred].

    Richard Jeffs was also a party to a settlement with the British Columbia Securities Commission (the “BCSC”) in April 2007. It turns out the Jeffs family is tied to what The Vancouver Sun called a boiler room.

    One of the stocks it pushed was Communicate.com.

  • Live Current (Communicate.com) Starts Trading Under New Ticker

    1. BY - Aug 05, 2008
    2. Uncategorized
    3. 0 Comments

    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.

  • Domain Name Stocks Pummeled in 2008

    1. BY - Jul 17, 2008
    2. Uncategorized
    3. 2 Comments

    Stocks of domain name companies take beating with the market — and beyond.

    It’s been a rough year for stock markets, and domain name companies’ stocks are having a tough run as well. The good news is that two “pure play” domain companies’ stocks are performing much better than the market overall. Here’s a quick run down of domain related stocks and how they are doing year-to-date as of yesterday’s close. For comparison, the S&P 500 is down 15% this year.

    Banks.com – AMEX: BNX – down 85% - It has been a rough year for Banks.com, which owns IRS.com and the now-defunct ParkingDots parking service. It looks like the company was forced to forward its IRS.com domain, which it is rumored to have paid $10 million for, to its main domain. This certainly cuts its revenue potential. It doesn’t help that the company is not meeting its covenants for a $7M note that could make it lose its underlying domains. Ouch.

    Dark Blue Sea – ASX: DBS.AX – down 63% - DBS’s stock, which owns Fabulous, is suffering. Blame declining domain parking revenues or the falling U.S. dollar (the Australian company likely is paid in dollars for advertising), but it’s not pretty. Hopefully its sales agreement with GoDaddy will start showing results.

    Tucows – AMEX: TCX – down 24% - The company showed off its domain portfolio to help prop up the company’s value, but its stock keeps sinking. It hit $.54 yesterday, down from $.71 on January 2.

    Google – NASDAQ: GOOG – down 23% - As the market goes, so does Google. We’ll see if the company can withstand the attacks and if it can profit from Yahoo’s blunders.

    VeriSign – NASDAQ: VRSN – down 7% - Automatic price increases help this company withstand the downturn. It’s beating the market this year.

    Yahoo – NASDAQ: YHOO – down 6% - Do I need to talk about the saga here? Hopefully Yahoo management will figure this out. Or it will get new management.

    Communicate.com – OTCBB: CMNN.ob – up 10% - Wow, big fluctuations in this stock. It got nailed pretty hard on Tuesday and I haven’t seen an explanation. But overall it is creating buzz. Name change pending to “Live Current Media”.

    Marchex – NASDAQ: MCHX – up 20% - Marchex is betting on local and the jury is still out. But its stock is up a nice 20% this year.

    domain name stocks

  • Live Current (Communicate.com) Signs $50 Million Cricket Deal

    1. BY - Apr 17, 2008
    2. Domain Sales
    3. 9 Comments

    Company that owns Cricket.com signs deal with major cricket league.

    Live Current (OTCBB: CMNN.ob), an internet company that owns premium domain names such as Cricket.com, Boxing.com, Brazil.com, and Perfume.com, has inked a ten year $50 million deal with DLF Indian Premier League, a cricket organization.

    Live Current will become the exclusive online provider of content from the Board of Control for Cricket in India (BCCI) and the DLF Indian Premier League. This signifies the first cricket-related content and distribution relationship by Live Current as the Company plans to build and launch its Cricket.com asset as the future cricket “DestinationHub” for cricket fans globally.

    As part of the deal, Live Current will guarantee $5 million in revenue sharing payments each year for ten years. This is a massive deal for a company that took in less than $10 million in revenue in 2007. New company management is clearly sending a high growth message to shareholders.

    In February, Domain Name Wire reported that the company said it turned down a $6 million offer for the domain name Cricket.com. Cricket.com used to be a parking page and now has a “coming soon” message.

    A recent financial filing also shows that the company sold geo domain name Surrey.com for $200,000 CAD (roughly equivalent to U.S. dollars) in January of this year. Surrey is a county in England. The sale is structured as a lease with payment occurring over a two year timeframe.

  • Canadian Domainers Feel Pain of Rising Loonie

    1. BY - Apr 15, 2008
    2. Uncategorized
    3. 1 Comment

    Rising currency values can actually hurt Canadian domainers.

    Canada has launched its share of superstar domainers including Kevin Ham and Adam Dicker and domain companies such as Tucows (AMEX: TCX) and Live Current Media (OTCbb CMNN.ob). You’d think they are happy that the Canadian Dollar, also known as the loonie, has met parity with the U.S. dollar. But that may not be the case. Consider that they generate revenue mostly in depreciated U.S. dollars but have to pay employees in appreciated Canadian dollars. Ouch.

    You’ll see this affect in border towns between The United States and Canada. It used to be that Americans would cross the border to buy cheaper goods up north. Now that the loonie is strong, Canadian border towns are suffering as people cross over to the U.S. to buy goods.

    It reminds me of a problem Canadian National Hockey League teams have faced. For years, they have paid players in greenbacks while generating ticket revenue in Canadian dollars. After many years of suffering, that would actually be a good situation for these teams now (I’m not sure if this arrangement has changed since the last decade).

    There’s a silver lining, however. Canadians can now buy domain names from Americans for a relative bargain.