Company sells another domain name to raise cash.
The domain liquidation at Live Current Media (OTCbb: livc.ob) continues: a reader spotted the sale of Body.com at Sedo’s Great Domains site for $400,000.
That means Live Current has grossed at least $2M from domain sales since announcing in October it would sell domain names to raise cash (assuming one more planned deal goes through).
First it sold a domain — most likely Malaysia.com — for CAD $500,000. Then it announced earlier this month that it sold two domains for $1.65M. It’s unclear if Body.com was one of those domains, but a commenter on Domain Name Wire’s story about the $1.65M transaction said he was fairly sure Body.com was one of the domains, so it’s likely part of the sum. That means there’s another sale pending for $1.25M.
I checked the whois records for the rest of Live Current Media’s domain names and didn’t see any major changes.
Including a $1M investment, the company will have about $3M in the door over a period of four of five months, assuming the remaining deal goes through.
It is enough to save the company? Only if its cricket partners continue to cut it some slack.