Re: [ga] Update: .travel and namesbeyond.com

["Jeffrey A. Williams" <jwkckid1@xxxxxxxxxxxxx>]

Danny and all,

  Yes it reads allot like insider trading.  The amount is
rather small as such activities of this sort go, so it
may not be under investigation yet for that reason amongst
others unknown at this time.  If there was a complaintant,
which it doesn't appear that there is at present, is another
reason the SEC is not investigating or is disinterested in
doing so.  Perhaps you would like to file such a complaint?

  Otherwise you could send a notirized letter of concern
directly to DOC/NTIA regarding this.  

-----Original Message-----
>From: Danny Younger <dannyyounger@xxxxxxxxx>
>Sent: Jun 1, 2008 12:11 PM
>To: ga@xxxxxxxxxxxxxx
>Cc: Edward Hasbrouck <edward@xxxxxxxxxxxxx>
>Subject: [ga] Update:  .travel and namesbeyond.com
>
>
>Update:
>
>http://www.sec.gov/Archives/edgar/data/1066684/000114420407069361/v098280_8k.htm
>
>"On December 20, 2007, the Company, through its subsidiary, Tralliance 
>Corporation (“Tralliance”), entered into a Bulk Registration Co-Marketing 
>Agreement (the “Agreement”) with Labigroup, under Tralliance’s Bulk Purchasing 
>Program available to entities committing to a minimum purchase of 25,000 
>“.travel” domain names within one-year. Labigroup is controlled by the 
>Company’s Chairman and Chief Executive Officer, Michael Egan and our remaining 
>directors own a minority interest in Labigroup. Under the Agreement, Labigroup 
>committed to purchase a predetermined minimum number of “.travel” domain names 
>on a bulk basis from an accredited “.travel” registrar of its own choosing and 
>to establish a predetermined minimum number of related “.travel” websites. As 
>consideration for the “.travel” domain names to be purchased under the 
>Agreement, Labigroup agreed to pay certain fixed fees and make other payments, 
>including but not
> limited to, an ongoing royalty calculated as a % share of its Net Revenue, as 
> defined in the Agreement, to Tralliance. The Agreement has an initial term 
> which expires September 30, 2010, after which it may be renewed for 
> successive periods of two and three years, respectively. Labigroup has paid 
> Tralliance the sum of $262,500 under the Agreement to date."
>
>Does this sound to anyone like insider trading?
>
>The registry cuts a deal with an organization owned by the registry operator 
>to engage in massive monetization of the namespace that they manage 
>(essentially turning it into a giant parking lot and diminishing the value of 
>the domains purchased in good faith by other users).
>
>for an example of some of these monetized domains, see:
>WHITEOAKEASTOHIO.TRAVEL or broadalbinnewyork.travel
>
>
>--- On Sun, 6/1/08, Danny Younger <dannyyounger@xxxxxxxxx> wrote:
>
>> From: Danny Younger <dannyyounger@xxxxxxxxx>
>> Subject: [ga] .travel and namesbeyond.com
>> To: ga@xxxxxxxxxxxxxx
>> Cc: "Edward Hasbrouck" <edward@xxxxxxxxxxxxx>
>> Date: Sunday, June 1, 2008, 12:58 PM
>> For the longest time .travel has had total registration
>> figures at the level of 27-28,000 names with the bulk of
>> them being registered by EnCirca (that has maintained a
>> level of 16-17,000 .travel names under management).
>> 
>> Suddenly in December namesbeyond.com (a registrar that
>> typically had 3000 .travel names under management)
>> registered 167,872 names.
>> 
>> So, are we looking at a startling blossoming of the travel
>> industry, or has someone recently discovered a way to game
>> .travel?  or is something else afoot?
>
>
>      
>
Regards,

Spokesman for INEGroup LLA. - (Over 281k members/stakeholders strong!)
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