NameWell
Established Member
- Impact
- 1,539
I was very happy with NameSilo until this happened. All of a sudden overnight they switched.com domain price from $6.99 to $8.99. No warning, nothing.
How do others feel about this?
Does anyone know any discount codes?
They were recently bought by a big company right?As for why NameSilo raised the price, this was entirely predictable. The Versign unit rebate program eventually becomes an unattainable treadmill the moment where a registrar fears they can no longer beat the quarterly quota from the previous year. It is a mathematical certainty when it comes to new registrations.
As I have stated before, the big question for NameSilo is whether they can refinance the debt through an equity issuance before the debt (a current liability now) comes due. If they can do it without tanking the share price, they have a sustainable enterprise.
https://seekingalpha.com/symbol/URLOF/cash-flow-statement#figure_type=quarterly
https://seekingalpha.com/symbol/URLOF/balance-sheet#figure_type=quarterly
Looking at the daily trading volume, there are tough odds for a major equity issuance. Theoretically a reverse split followed by an uplisting onto a major exchange would help with trading liquidity. A lot of early institutional money recently exited out of Godaddy and may reinvest back in the sector. It could happen.
If I had to bet, my prediction is that the company will be sold within a year. They have a good brand, capable people and a significant customer base. Alternatively I could see a scenario where the debt holders will end up owning the company. The debt is unserviceable from operations.
PS - For NamePros members, it is still $8.49 at Epik for all-inclusive, full-service and no-nonsense .COM for registration, renewals and transfers. Steady Freddy.
They were recently bought by a big company right?
@NameWell Dynadot.com. $5.99/domain till the end of the month. No code needed.
I didn't realize that $6.99 price was only a temporary promo offer since it was available for several months and there was no info about the ending date. Dynadot, for example, has a very clear statement that $5,99 price is a temporary promo offer and it will last from April 1st till April 30th. That's fair. It's a common practice to clearly state the ending date of the promo offer. What NameSilo did doesn't seem fair to me.
Anyways, I was researching Dynadot and found this thread: https://www.namepros.com/threads/dynadot-down.1130133/ Raises some doubt.
I didn't realize that $6.99 price was only a temporary promo offer since it was available for several months and there was no info about the ending date.
There is also no limit on the number of domains you can register for this
promotion, however, we will only be running the promotion while our allowance of
domains is available. We envision this promotion lasting at least a few weeks.
As always all add-ons such as WHOIS privacy, email forwarding, etc. are entirely
free.