Featured in the  Wall Street Journal Forbes   Bloomberg Investors Business Daily   ABC News BBC News   CNN/Money MSNBC USA Today New York Times 

 

The Lowdown Subscribe to our RSS Feed

Welcome to the The Lowdown from 
DN Journal
- your source for notable news 
and information from all corners of the global domain name industry! 

The Lowdown is compiled by DN Journal 
Editor & Publisher Ron Jackson.


ROTD Will Run a Unique Domain Liquidation Auction With Bidding to Start at $2.5 Million

Update: By court order this auction has been rescheduled for Wednesday, June 16 at 1pm US Eastern time.

RightOfTheDot (ROTD) will be conducting a a unique online auction on Thursday (June 10, 2021) at 1PM U.S. Eastern Daylight Time - a court ordered liquidation of The Income Store. Over 3,000 domain names (including more than 200 revenue generating websites), intellectual property, computers and office equipment will be offered as a single lot with bidding to start at $2,500,000.

The Income Store was a business that purchased and built revenue-generating websites for investors. The company made the Inc Magazine Top 5000 in 6 out of 7 years before the roof caved in on them. They were charged with paying older investors with funds derived from new investors, a tactic that caught the attention of the U.S. Securities and Exchange Commission (SEC) who then forced the company into receivership.

 

Interested parties will be required to sign a non-disclosure and non-affiliation agreement to participate in the auction. Bidders will also have to make a $50,000 deposit that will be held in escrow and refunded unless the bidder is the winning bidder. Once approved, bidders will be given access to the complete list of domain names, websites and other financial and intellectual property information included in the auction sale. Additional information can be found at http://www.incomestorereceivership.com/

(Posted June 8, 2021)  

*****


If you've been out of the loop lately, catch up in the Lowdown Archive!


We need your help to keep giving domainers The Lowdown, so please email editor@dnjournal.com with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

Follow us on 
Twitter
Like us on 
Facebook
Subscribe to our 
RSS Feed

 SITE LINKS: Home Page | Weekly Domain Sales Report | YTD Sales Charts | The Lowdown
 News Headlines | Get Email Alerts | Site Archives | Classified Ads | About Us | Email Us

No photos, text or content of any kind may be copied from this site without expressed written consent Copyright 2021 DNJournal.com - An Internet Edge, Inc. company.