SOLD.ca CMI.ca - Sold $16,000 CAD (6.Viewing)

As per: https://www.cira.ca/sites/default/files/cdrp/report/CMI.ca Decision (1).pdf

Sale Date: Jan 31, 2019.

So let me get this straight....CMI was dropped in 2018. It was picked up by MYID? And kept by MYID? There was no auction?

How did this person buy this domain from MYID?

Maybe I’m reading too much into this but I don’t think there was a sale here...I think there’s some funny business being done in a CIRA dispute.

Let me get this straight.. there may have been funny business involving MyID - I'm incredibly shocked!

theinvestor said:

So let me get this straight....CMI was dropped in 2018. It was picked up by MYID? And kept by MYID? There was no auction?

How did this person buy this domain from MYID?

Maybe I’m reading too much into this but I don’t think there was a sale here...I think there’s some funny business being done in a CIRA dispute.

Click to expand...

Yes. The domain was grabbed in TBR by MyID in March 2018. I didn't place an order for it at MyID (was stubbornly trying not to use them). It should have presumably been auctioned off to some domain investor.

A few weeks later, algebra.ca dropped, and MyID was able to grab it too. Again, it should have been auctioned off to some domain investor.

Some months later, French Granny apparently negotiated to buy both Algebra and CMI at significant cost, for a math web site development project. The sale of CMI occurred on Jan 31, 2019 for $16,000. Nothing was mentioned about the date or price of the sale of Algebra.ca, but the CDRP Decision report states that both were purchased _FROM_ MyID. Of course we all know this isn't supposed to be possible since Registrars all agree to not warehouse domains for resale purposes as part of their registrar agreement. I suppose it is possible that MyID would argue that they acted as broker and not seller. This could be a terminology issue here, as people might say they bough a domain from Sedo rather than from Joe Blow _on_ the Sedo platform. Unfortunately the devil is in the details, which we'll never know.

In either case, French Granny has her two domains, but presumably got sidetracked while crocheting some new doilies and baking croissants. As such, the Canadian Math Institute (CMI) project that MyID quoted her a price of $305,000 to complete, never got up and running, not even with a free wordpress website. Apparently French Granny was savvy enough to acquire two valuable domain names from the black hole of MyID, but not savvy enough to get a web development quote from actual web developers. I mean, who asks a registrar that has barely updated their own website since 2001 to develop a website for them?

It is interesting to note that neither the original auction winner of cmi, nor the original auction winner of algebra (presuming they both were auctioned off), nor french granny, ever chose not to transfer the domain out of MyID to a mainstream registrar.

In any case, while this story _could_ be true, I'm every bit as skeptical as the panelists, and then some.

However, the upside of this is that despite the backstory, the decision was good for domain resellers. Just please don't be stupid enough to park valuable LLL domains with ads though, you're provoking a lawyer somewhere who is more than happy to bill $500/hr to file a complaint against you, regardless of the complaint's actual merit. Giving them any ammunition at all, is just not smart. That is the real lesson to learn here.

Now If I can just get Granny to buy MCI, it'll go nice with her CMI...

When I really look at how I begrudge TBR I would have to say it is 90% MyID.
Shenanigans like this give the industry a bad name.

The registrar business in Canada is very difficult to be successful if your only focus is .CA domains. If you’re not a top hosting provider the only money that is left is in TBR. That’s how MYID is successful from my point of view.