- Impact
- 3,203
SEC filing reveals that the First.com domain name, which has a cost-basis of $200,000 (i.e. a previously unreported transaction when it was acquired) just sold for proceeds of $200,000 (net of fees):
https://www.sec.gov/Archives/edgar/data/1096934/000156459017016024/syte-ex991_6.htm
Thus, the price would have actually been slightly higher than $200,000 in its most recent sale, to reflect the broker and commission fees.
https://www.sec.gov/Archives/edgar/data/1096934/000156459017016024/syte-ex991_6.htm
Additionally, the subsidiary closed on the sale of First.com, a domain name that has been actively marketed since the first quarter of 2016. The domain name had a cost basis of $200,000 and was sold for net proceeds of $200,000 including broker and commission fees paid.
Thus, the price would have actually been slightly higher than $200,000 in its most recent sale, to reflect the broker and commission fees.