.ASIA Scam by Richard Schreier CEO pool.com

[damagedgoods]

This subject deserves a new thread. The original .asia scam thread is here


Most of the posts there are from frustrated domainers like myself during the .asia registration process debacle, but now that it's over there is clear evidence that in fact the whole process was corrupt.

The details can be found here.

here

In my case I registered bet.asia February 20 2008 and waited patiently for an auction that never came, only to find out that the CEO of the auction company grabbed that name.

Are there any others here who had the same experience as me who can find their domain in Richard Schreier's portfolio? click here for the domain list

 

[MaguirePhD]

Domain prices

James:

Yes, these figiures are high in relation to what I have seen.

I am not in the domain business, unless one counts the last 8 weeks. And I will not be in it after the Paris auction.

I only bought domains that I saw as having value to end users. The .com prices have never even entered my mind as any type of barometer for the .asia domians I have.

I set the value in my mnd and now it is up to me to get it.

Perhaps, being ignorant of this whole process and domain-marketing is a good thing.

I am treating .asia domains like commodities of value wherein I set the price and deliver a pro forma financial projection to the buyer on the method and time frame to recapture their acquisition costs. Perhaps, including a Direct Public Stock Offering for the firm to extract their return rather quickly.

My methodology has absolutely nothing to do with the relevant prices of domains. It has to do with laying out a plan to a company, replete wih financials, recapture tme frames, a possible exit strategy and a mechanism to raise significant equity without recurring debt, to supply the money to brand the domain.

Any domain is brandable with enough money. Give me 2MM I will quickly brand PeanutButterHat.com and having everyone in New York humming the jingle.

We have just such a plan underway right now with a domain. Everyone knows that ringtones.mobi sold for $145,000 and ringtones,org just sold for $120,000. Plus there are a gazillion sites pushing ringtones with domain names you would never readily recall.

Well, we have a domain titled Ringytones.mobi. Now, we are aware that it is not the vaunted ringtones,mobi but anyone seeing it would quickly draw that it has something similar to do with ringtones.

So, we will brand this with a non-sensical jingle that will stick in peoples heads. It was thought up by our R&D department, who happens to be 7 years old and in frst grade.

We were thinking of an animated gif walkimg mobile phone when he blurted out: " Ringy, ringy ringytones...I want my ringytones. "

Done...the branding tagline was born and we are good to go.

Interestingly enough, the next time you hear the word ringtones, see if that silly jingle pops into your head.

Doc

P.S. As a matter of fact, try and erase it from your head.

***************************************************

Just dashed off an e-mail to ICANN calling for a formal inquiry of this .asia fiasco.

And apprised them that if they bury their head in the sand on this matter, I will have no hesitation in hoisting them upon the pitard of public scrutiny.

Eventually, they will respond. It may be after a piece hits the television air waves but they will respond. I have been down this road many times before.

Will keep everyone posted.

Doc

 

[saurabh0]

I have seen your domains and your expections for prices are more than the values of its counterparts with .com extension.

Yup.. here's a sample:

BondTrader.asia (Offer must exceeed $150,000)
ChinaBonds.asia (Offer must exceed $150,000)
ForeignCapital.asia
UScapital.asia
StockOfferings.asia
1Gold.asia
GoldTraders.asia (Offer must exceed $250,000)
Stocks1.asia
Trump1.asia
WallSt1.asia
NewYork1.asia

ChinaLabs.asia (Offer must exceed $300,000)

Bangkok1.asia
Vietnam1.asia
Tapei.asia
Japan1.asia.
HongKong1.asia
Singapore1.asia
Beijing1.asia
Seoul1.asia
Tokyo1.asia
AARP.asia
Strictly.asia (Recommended to be developed as a Search Engine)

IndiaFilms.asia
IndiaStudios.asia
IndiaMogul.asia
IndiaMedia.asia
IndiaSquare.asia

SunBank.asia (Offer must exceed $350,000).
Sun1.asia
1Sun.asia

 

[james2002]

Yup.. here's a sample:

BondTrader.asia (Offer must exceeed $150,000)
ChinaBonds.asia (Offer must exceed $150,000)
ForeignCapital.asia
UScapital.asia
StockOfferings.asia
1Gold.asia
GoldTraders.asia (Offer must exceed $250,000)
Stocks1.asia
Trump1.asia
WallSt1.asia
NewYork1.asia

ChinaLabs.asia (Offer must exceed $300,000)

Bangkok1.asia
Vietnam1.asia
Tapei.asia
Japan1.asia.
HongKong1.asia
Singapore1.asia
Beijing1.asia
Seoul1.asia
Tokyo1.asia
AARP.asia
Strictly.asia (Recommended to be developed as a Search Engine)

IndiaFilms.asia
IndiaStudios.asia
IndiaMogul.asia
IndiaMedia.asia
IndiaSquare.asia

SunBank.asia (Offer must exceed $350,000).
Sun1.asia
1Sun.asia

I think many domainers go through such phase before developing knowledge and skills themselves. When I started domaining about over 1 year ago, I put $10000 for www.money60.com . Now I will be happy if I can sell it at xxx range.

 

[netfleet]

If you really want to do something about this .asia conspiracy, it's important to stay focussed. This thread has strayed well off topic...

 

[Sam]

Yup.. here's a sample:

BondTrader.asia (Offer must exceeed $150,000)
ChinaBonds.asia (Offer must exceed $150,000)
ForeignCapital.asia
UScapital.asia
StockOfferings.asia
1Gold.asia
GoldTraders.asia (Offer must exceed $250,000)
Stocks1.asia
Trump1.asia
WallSt1.asia
NewYork1.asia

ChinaLabs.asia (Offer must exceed $300,000)

Bangkok1.asia
Vietnam1.asia
Tapei.asia
Japan1.asia.
HongKong1.asia
Singapore1.asia
Beijing1.asia
Seoul1.asia
Tokyo1.asia
AARP.asia
Strictly.asia (Recommended to be developed as a Search Engine)

IndiaFilms.asia
IndiaStudios.asia
IndiaMogul.asia
IndiaMedia.asia
IndiaSquare.asia

SunBank.asia (Offer must exceed $350,000).
Sun1.asia
1Sun.asia

At the $350,000 price for Sun Bank, you might as well get sued by the real sun bank.


:D :D

 

[slapman]

I think many domainers go through such phase before developing knowledge and skills themselves. When I started domaining about over 1 year ago, I put $10000 for www.money60.com . Now I will be happy if I can sell it at xxx range.

or $.x range

 

[damagedgoods]

Damagedgoods - can you also please confirm that you had a TM claim for bet.asia?

Read the list of domains below to realize they are all generic, but that gets off topic. Why were auctions opened and closed and the final result is most of the premium generics wound up in the hands of auction company CEO?

I registered the first day of land rush. Feb 20 2008 as I have posted already. Here was the .asia timeline

Dot-Asia Timeline:

October 9, 2007 -January 31, 2008
Sunrise 1: Government Reserved Names

October 9, 2007 -October 30, 2008
Sunrise 2a: Exact Registered Trademarks applied for before March 16, 2004

November 13, 2007 - January 31, 2008
Sunrise 2b: Exact Registered Trademarks applied for before December 6, 2006

Sunrise 2c: Any domain name containing a Registered Trademark in the domain name

Sunrise 3: Registered Entity Names (company names, etc.)

February 20, 2008 - March 12, 2008
Landrush Auction

March 26, 2008
Go Live - first-come, first-served registrations




All these domains have something in common; they are all the generic premiums and should of went to auction. I mean a real one! where the auction house isn't the winning bidder on just about every premium generic.

* porn.asia
* dating.asia
* insurance.asia
* lotto.asia
* stocks.asia
* auction.asia
* beer.asia
* fitness.asia
* girls.asia
* wine.asia

privacy.asia - hardware.asia - football.asia - gambling.asia - hosting.asia - maps.asia - tickets.asia - bet.asia - college.asia - creditcards.asia - dentist.asia - design.asia - entertainment.asia - fashion.asia - healthinsurance.asia - help.asia - law.asia - lawyer.asia - lifeinsurance.asia - loan.asia - marketing.asia - mobile.asia - mortgage.asia - network.asia - party.asia - photo.asia - pussy.asia - security.asia - singles.asia - store.asia - tax.asia - telephone.asia - timeshares.asia - toys.asia - trade.asia - vacations.asia

 

[james2002]

or $.x range

No, I made xx per year at least from this. :tu:

 

[Spade]

Perhaps, being ignorant of this whole process and domain-marketing is a good thing.

My favorite quote of this week.

 

[MaguirePhD]

Netfleet and Sam

Netfleet:

Yes, this did get off topic and I apologize.

Sam:

As far as getting sued: SunBank of Georgia abandoned the trademark in 2004 and a Caifornia company has an entirely differnt use as a solar power concern.

And while many people who think these are high and even ridiculous, they are treating them as domains and I have a commodity approach wth added value that we bring to the client.

Don't expect that what we do will work for for everyone...but it works for us.

Best of success to all and I will stop back and let everyone know how matters with ICANN progress.

Doc

 

[Sam]

Domain's ARE NOT commodities. I dunno what the "experts" are smoking. We DON'T want domains to be commodities we want to make them unique, not common.

 

[MaguirePhD]

Sam

Did I mention that I was new at this and it shows. Didn't know they were supposed to be kept as unique. Thought they were for extracting as much value as possible.

Unless, we are just supposed to collect them like baseball cards.

A two-legged stool is unique. Worthless but unique.

As matter of fact, I am certain that many can look at what we bought and say they are " uinque ". So, unique that an experienced domainer would never buy them and laugh at us for doing so. And justifiably so.

Because when the normal dictums of domaining are applied we, undoubtedly, look clownish and inexperienced.

And at domaining...guilty as charged.

At business...have 35 years of experience in capitalization, value creation and branding that indicates our business model will succeed.

But we did not come to the .asia market for any other reason than end user names and that is how we wil market them.

I respect what people who traffic in domains do and wish all the absolute best.

Doc

P.S. I offer that what we do is not the panacea for eveyone to attempt. Most likely, because while they are experienced in many worthwhile areas, they may not be overly knowledgeable about the rudiments or advanced methods of finance.

But I have had more than a dozen PM's from people in this forum relative to getting their domains to end users. That said...that does not make any of alternative approaches to create value from whatever we want to call these things.

 

[VisionEdger]

I have no dog in this fight, and personally could care less about .ASIA, however I would like to see more evidence backing these allegations.

I have dealt with Richard Schreier several times in the past and never had any problems with him. He is a rare CEO who will actually address any problems. From my dealings he seems like a decent guy.

I haven't read through the entire thread but from what I have seen there are definitely some points here that need to be explained.

Brad

"From my dealings he seems like a decent guy"

Isn't that what people say about some nutcase they capture that lives next door to you??

My favorite quote of this week.

Too much knowledge can be a bad thing!

 

[MaguirePhD]

Vision Edger

Will PM this response.

 

[Sam]

For example, why do i think my SanJose.cr is worth 5 figs mininum? Because it is UNIQUE and has VALUE. Now if costa rica had 10 cctlds for itself, what would that do the value? Dilute it.

Brands have value for a reason. Like one coke exec said he rather have all his factories burned down then lose the brand.

Its all about perception. A business can be RUINED with a crappy name, and a crappy domain name.

Did I mention that I was new at this and it shows. Didn't know they were supposed to be kept as unique. Thought they were for extracting as much value as possible.

Unless, we are just supposed to collect them like baseball cards.

A two-legged stool is unique. Worthless but unique.

As matter of fact, I am certain that many can look at what we bought and say they are " uinque ". So, unique that an experienced domainer would never buy them and laugh at us for doing so. And justifiably so.

Because when the normal dictums of domaining are applied we, undoubtedly, look clownish and inexperienced.

And at domaining...guilty as charged.

At business...have 35 years of experience in capitalization, value creation and branding that indicates our business model will succeed.

But we did not come to the .asia market for any other reason than end user names and that is how we wil market them.

I respect what people who traffic in domains do and wish all the absolute best.

Doc

P.S. I offer that what we do is not the panacea for eveyone to attempt. Most likely, because while they are experienced in many worthwhile areas, they may not be overly knowledgeable about the rudiments or advanced methods of finance.

But I have had more than a dozen PM's from people in this forum relative to getting their domains to end users. That said...that does not make any of alternative approaches to create value from whatever we want to call these things.

 

[MaguirePhD]

Sam I agree

I agree about branding being important but anything can be branded with enough money.

A far as SanJose.cr being woth $xx,xxx...I don't agree. I think you left an x off.

It is already branded and has significant value as a a portal to a business as a revenue agent.

So, apparently, .cr is not like all these other coutries where they retain name as their private domain. Or is that just .asia where I came in?

Doc

 

[whitebark]

pool and .asia don't need to rip anyone off. They will make more than enough money on the greed and herd mentality of some domainers as it is.

 

[james2002]

pool and .asia don't need to rip anyone off. They will make more than enough money on the greed and herd mentality of some domainers as it is.

That's true. But human beings are greedy naturally and also will be temptative to grab nice domains.

 

[rasman]

Why do people continue to ignore the facts?

I continue to be amazed at how people draw conclusions from information because the conclusion is convenient to further their cause and does not necessarily reflect the true story or more importantly verifiable facts.

I would suggest everyone read the correspondence that I had privately with MaguirePHD and which he posted here. The key points in that narrative are:

- the domains in question were awarded in the Sunrise phase (SR2B to be exact)
- as Sunrise applications, their prior rights had to be validated by a third party, in this case Deloitte Touche
- if only one verified application was received, the single applicant was awarded the domain

Up until this point, neither I nor Pool.com had any role to play in the domain allocation process. This was entirely run by the registry and their verification agents. You might ask how I know this information? It is all available publicly. The whois service will show you that the domain was awarded in Sunrise (SR2B) and the Master Auction Schedule will show the domains were never passed to Pool.com for auction.

If on the other hand multiple applications had been verified, then the registry passed the domains along with the list of applicants to Pool.com for auction. All participants were told by the registry who the other bidders were and the basis of their prior right claim. Any participant had (and still has) the option to challenge the prior right if they so choose.

Finally, of the auctions in which Drake was a participant, they only won 3 and those were won with bids of $10 (again all this information is publicly available if you simply research the list provided by those making the allegations) where the other bidders did not place competitive bids.

Those are the relevent indisputable facts. I challenge anyone to show that Pool.com has compromised the auction process in any way or has used our position as agent of the registry to our advantage.

 

[MaguirePhD]

Rasman or Schreier?

Sounds like the same guy and if nothing else, he gets applause for responding.

Apparently, he does not shy away from being placed under the microscope.
That only portends one of two modes of behavior: Either he is in the clear on this and the future examination of the facts will bear this out or he has a damn the torpedo mentality.

Actually, if it is the second one then I admire his stand.

All that said, at the end of the day somewhere the process may have been compromised and, if not, then it certainly is a flawed system because the statistical probability defies any t-tail testing for validity.

Hopefully, we will have some resolution to this puzzle soon.

Doc