Did you know that there are 2 sex.coms ?

[Newton]

Originally Posted by Dravyk

Electra and I saw that story yesterday morning and were debating whether to put it in. We didn't because as far as we could tell -- and this only took reading the article about six times -- it seems:

a) the reporter has no clue how the internet works

b) the reporter has no clue what the actual story is

c) the company buying the domain doesn't know how the internet works or who actually owns the domain

d) the same company does not seem to know they can be sued by Gary for infringement.

What it appears to me to be is that this company buying a domain for 11.4 mil and who gave 1/2 a mil already gave it to a Boston company who -- guess what?! -- don't own the domain! (Because Gary Kremen does.)

And apparently none of these morons, the company nor the reporter, are capable of doing a freaking WHOIS!!!!!

I sell cheap Buckingham Palace ..

[Trev]

Originally Posted by Newton

I sell cheap Buckingham Palace ..

How can you sell something that I own...

[Grump]

It doesn't seem at all unusual to form a corporation named for the domain you are in the process of buying. If they had paid a $half million deposit the deal must have been fairly well along (or at least they thought it was), so I see nothing odd there.

A corporation formed for the purpose of buying the same named domain certainly is not an infringement. Had the deal gone through they would have had the right to use the corporate name online, if not then they wouldn't have been infringing unless they entered into some other online business using that corporate name.

[DrGuile]

lol, wonder if others fell for the scam...

[sarettah]

Originally Posted by Grump

It doesn't seem at all unusual to form a corporation named for the domain you are in the process of buying. If they had paid a $half million deposit the deal must have been fairly well along (or at least they thought it was), so I see nothing odd there.

A corporation formed for the purpose of buying the same named domain certainly is not an infringement. Had the deal gone through they would have had the right to use the corporate name online, if not then they wouldn't have been infringing unless they entered into some other online business using that corporate name.

Who said anything about infrngement ? (If I missed it, sorry)

From the way I read this, a domain speculator accepted $500K and promised he could deliver sex.com (the domain) to sex.com (the corporation in philadelphia) for $11.4M and then either could not do it or did not try to do it or something similar. In short, they sold something they didn't own and got nailed when they couldn't deliver.

They should have watched the Music Man to see how to pull that off properly

[DrGuile]

Also, not only did they not know what the Internet is, they've apparently never heard of escrow/in-trust accounts

[Newton]

Originally Posted by Trev

How can you sell something that I own...

You obviously didn't read the fine print .. may I point out section 3c paragraph ii .. which states ..
"If my transit is parked in the front .. then I am at home and strictly no visitors"

[Trev]

Originally Posted by Newton

You obviously didn't read the fine print .. may I point out section 3c paragraph ii .. which states ..
"If my transit is parked in the front .. then I am at home and strictly no visitors"

Ah, I seem to have missed that as I only skimmed the contract, I must apologize. Please continue with your attempt at selling your London home.