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Kevin Medina selling Registerfly and customer data while under court orders |
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Tuesday, 24 April 2007 |
As the world keeps turning we've received word that Kevin Medina is looking to sell Registerfly for a cool million. Recently and insider (hearsay until verified) told us that Registerfly is in the process of being sold along with all of it's information and of course all of yours. Based on the fact that there are court orders and lawsuits in progress I have to question the validity of this supposed fire sale by Kevin Medina however, I was asked to post this due to the time constraints many of the registrants are under.
Problems with Registerfly being sold
While still unverified at the moment, an undisclosed source claims that Registerfly is being sold for just over 1 million dollars to a Paul Krieg CogitGroup.com which is supposedly going to be a quick sale of all the assets of Registerfly. CogitGroup.com was mentioned in an earlier post as a company that has provided domain monetization income for Registerfly and Kevin Medina. You would think with all the publicity that this debacle has received, that a potential buyer would know what's going on. On the other hand, customer data and contact information has value, not to mention the domain names and that wonderful interface that Kevin at Registerfly has built.
Under the circumstances of a Class Action lawsuit pending as well as the Temporary Restraining order issued that demands Kevin to give up the data to ICANN, it would seem that this isn't the time to sell Registerfly nor would it be in the best interest of the buyer because they would buy buying a lawsuit as well as everything else. To this day ICANN has still not received the data that the restraining order outlines.
Domain name debacleThis entire fiasco has been an eye opener for many. We've discovered that many of us are in the dark when it comes to how the domain name system works and we're finding just how corrupt the system is. The biggest eye opener of all is the fact that there is no where to turn if there are problems. All of our complaints have really done very little in way of getting results from sources we thought to be standing behind the registrant. Any of the complaint sources in regards to domain names that are known as industry standard are simply forwarded to the Registrar of record so there really is no checks and balances. Let's hope this changes all that.
As the public is growing more and more aware of the loopholes exploited by Registerfly, folks out there are still losing domain names and businesses due this troubling debacle. We're finding out that the problems are much greater than Registerfly alone but it's Registerfly that has chosen to pave this road.
As far as the Registerfly selling their information... use it for entertainment purposes until it can be verified. I will keep everyone up to date of anything new that comes into my office.
Our SponsorsPlease do take a moment to visit the companies that have supported our website.
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