Domain name investor buys more shares, and has made a small profit.
A company connected to domain name investor Frank Schilling has purchased another 150,000 shares of Rightside (NASDAQ: NAME) stock, increasing his interest in the company to 6.1% of shares outstanding.
An SEC filing reveals that Schilling has paid a total of $8,387,181, including brokerage commissions, to acquire his stake. That means he has paid an average of $7.24 per share. Shares are trading for about $8.00 right now, so Schilling has made a profit on his investment.
The magnitude of Schilling’s investment was first publicly revealed in an SEC filing in October.
Earlier this week .XYZ founder Daniel Negari and COO Mike Ambrose revealed they have a 5.2% stake in the company.
It’s worth noting that Schilling and Negari have partnered on projects, including .Car/.Cars/.Auto.
Rightside operates a number of top level domain names and owns the world’s second largest domain name registrar, eNom.
No one makes a profit until they sell.
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“he has paid an average of $7.24 per share. Shares are trading for about $8.00 right now, so Schilling has made a profit on his investment.”
Hello Andrew,
It doesn’t surprise us that Negari and Schilling are working together. They are both Birds of a feather in their quest for misleading consumers at every turn into drinking their Kool-Aid.
The main proponents of using the new GTLDs are Search Engine Ad marketers supported by Google (Alphabet), who could care less about the fiduciary responsibilities of true Online Marketing Strategists, whose careers depend on The URL Addresses Operability requirements. The Smart Online Strategists detest the Online Ad Marketers lack of regard for the Business owners best interests displayed by many Google Ad Marketers promoting the New GTLDs. JAS 11/20/15
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Former Rockefeller IBEC Marketing Analyst/Strategist) (Licensed CBOE Commodity Hedge Strategist)http://www.UseBiz.co
You’re grossly misinformed.
Why do u think they are misleading people about new gtlds? If you don’t like new gtlds no one cares.
Don’t bash on visionaries like Frank Schilling.
Mr. (Whats your real name ? )
You have no clue who the real visionaries are in this Industry. Frank Schilling is hardly a Visionary, but he is a great Leverager of Domainers Money. You have no clue what you are talking about. Frank Schilling is a GOOGLE STOOGE ! Rick Schwartz is the Visionary not Frankie.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Former Rockefeller IBEC Marketing Analyst/Strategist) (Licensed CBOE Commodity Hedge Strategist)http://www.UseBiz.com
Hello Andrew,
The Google (Alphabet) gamble with .xyz Genricism will ultimately end badly. The Google model SEM Era is fast coming to an end.
The chickens are coming home to roost. Anyone with Marketing Strategy sense is going round Googles Business losing Abys, with Direct URL Navigation. Googles latest attempt to derail the DNSs Nuetrality with its new GTLD Hordes is under regulators scrutiny as we speak. The Alphabet brand they are pushing will be abandoned shortly, count on it. JAS 1114/15
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Former Rockefeller IBEC Marketing Analyst/Strategist) (Licensed CBOE Commodity Hedge Strategist)http://www.UseBiz.com
The Domaining Industries pricing mechanisms are Google-Centric in nature and thereby are strictly fiction based Models. Anyone who bases their purchases on the current Model are ignorant of the .COM Assets reality based potential Valuations. JAS 11/5/15
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Former Rockefeller IBEC Marketing Analyst/Strategist) (Licensed CBOE Commodity Hedge Strategist)http://wwwUseBiz.com
I wonder if Rightside will establish a poison pill provision to prevent a takeover by a handful of indirect competitors.
The Search Engine Model that Google embodies will be experiencing a tremor that will shake its fundamental Revenue Foundations ability to generate increased revenues. This will have a far reaching affect on the traditional Ad Industry we have experienced since Googles ascendancy. JAS 12/3/15
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger) (Former Rockefeller IBEC Marketing Analyst/Strategist) (Licensed CBOE Commodity Hedge Strategist)http://www.UseBiz.com