FUSU.com - Domain Stock Market

[domainman101]

Ok, this is the best thing, I have seen in a long time online. Why has it not caught on, the market sets the price.... You don't have $100,000 for a prem. domain, buy a 1% stake for $1000. Liquidity, raising capital, etc,,,,, why is it not catching on... even rick has his flowers.mobi blunder listed at cost lol.... it is all good though, buy what you like.................

 

[-REECE-]

It's a great concept and I'm hoping to sign up for membership there sometime this year when I'm a bit less busy.

I'd love to give it a try "just for the heck of it", but the annual $449 premium membership is a bit hard on the wallet.

Ok, this is the best thing, I have seen in a long time online. Why has it not caught on, the market sets the price.... You don't have $100,000 for a prem. domain, buy a 1% stake for $1000. Liquidity, raising capital, etc,,,,, why is it not catching on... even rick has his flowers.mobi blunder listed at cost lol.... it is all good though, buy what you like.................

 

[bmugford]

It is a very interesting concept, but personally I would rather spend time making money in the real stock market. You can make money when the stock market is going up, down or sideways.

 

[Steven]

I'd rather invest in big internet companies that are on the real stock market.
Much safer...

 

[domainman101]

Safer? since when, it is about getting a chance to own a piece of a great domain ll.com etc... without selling the house. It needs to setup a US office, and become more mainstream, this is what the domain industry needs for its premier domains.

 

[TheBulldog]

This thing again?

OK, to recap......this is a "start-up" russian company who wants you to give them money.
This is bound by their laws.
Even though they are selling a share of a virtual item much like the stock market, they are not bound by any of the securities rules or regulations.

There is NOTHING you can do to stop them from stealing your names because you will be giving them access to your names when you transfer them into one of their "preferred" registrars and allow them to be notified when there are changes. How are they notified of changes? By email.
Why? Because that email is the contact email for domain names in their exchange. If you have the email for any domain name, you can easily click "forgot password please email it to me" and bam, they now have complete access.

I honestly don't know why anyone would give any financial information, let alone control of domains to this thing.

 

[domainman101]

Premium Investor Status
Invest $5,000 in shares, or $449 per year.?

Any idea about this fee

 

[Steven]

Safer? since when, it is about getting a chance to own a piece of a great domain ll.com etc... without selling the house. It needs to setup a US office, and become more mainstream, this is what the domain industry needs for its premier domains.

<quote> Even though they are selling a share of a virtual item much like the stock market, they are not bound by any of the securities rules or regulations. <Unquote>

What bulldog said.

 

[domainman101]

Thats funny bulldogs says that because R. Schwartz has flowers.mobi listed on there. Well that is why I say a US office, but with all that has gone on in the USA, SEC does seem pretty insecure as well. Also having a more known registar on board like godaddy, or moniker might help the trust situation.

 

[TheBulldog]

Really? You would seriously put the SEC on the same level with a Russian company selling unsecured securities interest in domain names??

Really??

I have some really nice ebooks to sell you. You will make way more than 1 gazillian dollars?

 

[domainman101]

SEC Is useless everyone knows it. I don't know how involved you are on the markets, but white collar crime has only been cracked down in the past few years, but what about all the fines, the investors continually get screwed on a daily basis. SEC needs to wake up and be more proactive. I don't know if you ever been to Russia but there economy is kicking the USA's butt right now...... It's ok you stated your point you don't need to defend it, risk and return go hand in hand. I would throw out a LLL.com for $10,000 shares at $1 to see what happens. Who knows if it catches on, maybe a US firm will create their own exchange. It is about being pro active instead of a negative tone.

 

[TheBulldog]

No it's about not pissing your money away on a risky and likely to fail system.

If you seriously believe........nope, nevermind. You obviously only want to hear positive comments about this thing.

So yeah, you will probably be rich, you should send them all your financial info right away. Sure to be a winner mate. Can't lose with this one.

I'll just go and sign up myself now. Going to get me one of them fancy premier memberships.

 

[domainman101]

I believe the technicals of the concept is something the domain industry needs, and I will do my part to support it. Yea, I am going to sign up offer a LLL.com $7500, ipo 3000 shares, keep a majority stake, withdraw the cash, if I lose the domain, oh well my risk, I am still ahead. But you probably think scalping crappy domains on sites like this, is the way to go. I bet if Rick Latona created it, you would be licking your lips...lol give me a break... all these big boys are out for themselves... Snowe bill comes around, they all begging for donations, after bragging about multi million dollar sales, the domain industry is so crooked, everyone is out for themselves, while trying to come off as a hero.

 

[-REECE-]

Agree 100% and I'd trust a russian company anyday over an SEC which pretends to actually care... At the end of the day, insider trading and corrupt accounting practices are far more common than most dreamers would like to believe. Half the "great" hedge fund managers have (or have someone working for them who has) multiple fines from the SEC for insider trading + other violations...

Here where I live (Canada) we had an investment firm called Crocus which was being praised by the local government as being a great way to invest in your province... Crocus was investing people's money into non-profits. The "slap on the wrist" these guys get for ruining people's retirements is sick...

I love the Fusu concept and for the "little guy" or even big players, it's something which would be fun to be apart of. Who wouldn't like to say they're a part owner of million dollar names?

Sure the concept could use some work -- and it'd be great if it were based closer to home, but that won't stop me from taking part on a small scale sometime in the near future. "Invest only what you can afford to lose..." If I shell out $449 for a premium membership, invest a couple thousand and have alot of fun in the process, it's worth it for me. Some of us aren't out to make a huge profit with everything we do... I'd be happy to take a small loss just to support this great concept which I believe really has the potential to change the domain industry.

I believe the technicals of the concept is something the domain industry needs, and I will do my part to support it. Yea, I am going to sign up offer a LLL.com $7500, ipo 3000 shares, keep a majority stake, withdraw the cash, if I lose the domain, oh well my risk, I am still ahead. But you probably think scalping crappy domains on sites like this, is the way to go. I bet if Rick Latona created it, you would be licking your lips...lol give me a break... all these big boys are out for themselves... Snowe bill comes around, they all begging for donations, after bragging about multi million dollar sales, the domain industry is so crooked, everyone is out for themselves, while trying to come off as a hero.

 

[psalzmann]

Interesting topic indeed...

 

[TheBulldog]

We shall all agree to disagree then.

In one of the other FUSU threads I asked a lot of questions that never got satisfactory answer to make this legal in my opinion. Regardless of what we all think of the SEC, the simple fact is that this is an oversees company that is not regulated by ANY other countries laws and can therefore do whatever they want.

To me, and this is MY opinion only, I would not ever give financial details to any company that does not have some kind of presence, and a decent one, in the country I live in.

Sorry, I know that may be nearsighted, but I prefer to have protection for my money. Again, just my opinion based on their "Legal Council"'s responses in a previous thread.

Maybe it's just me, but if I was running a business and my lawyer had nothing better to do then to share an office and a pc and an IP with me, I would wonder how good said legal council's advice really was...just my opinion.

 

[domainman101]

Reece since your from Canada, most likely good chance you could be from ONT, you must see how Nortel and THE SEC, go hand in hand, even to this day, they are still digging through accounting records, from which I heard that about 80% of Canadians who were invested in the markets took a beating with Nortel, and most still have it in the portfolios at a fraction of what they paid. It is only a matter of time before FUSU concept hits the US market, if thepit.com can do it for trading cards, why can't domains have a marketplace. I see so many domainers here selling their domains very cheap, because they need cash.... nothing wrong with it, when your in need, your in need, that is why digipawn scares me, very tempting, but once your in, and your paying XX% int per year, on a domain that is probably not making you that $XXX amount, doesn't take long to fall behind and lose your domains.

 

[bmugford]

Everything bad that can be said about the SEC, FED Reserve, etc. is true. If you don't believe me Google something called "PPT - Plunge Protection Team"

However, that being said in the stock market your investments are insured but the future value isn't. Any brokerage covers your assets from $1M - $25M if they go under. It won't guarantee you won't lose money in the market, but at least you won't lose assets. You still own (100) Shares of Microsoft whether they are worth $1 or $40 each.

This FUSU is a very interesting concept, no doubt. But I am not sure what protection anyone has with this company.

 

[-REECE-]

I'm from Manitoba, Ontario's neighbour to the west, and yes, I've heard ALL about Nortel

The thing about regulation is that even if all intent was genuine, it's only good after the fact for the most part. Some of my parent's friends who were getting ready to retire lost 1/3 to 2/3 of their retirement investments thanks to Nortel... This was at one point the largest company in Canada. What Canadian stock could possibly be safer? If only we knew...

They were making a joke about Nortel here a few years back that goes something like this...

If you spent $1000 on beer, drank all the beer and returned all the empties, you'd be better off than with a $1000 investment in Nortel in the 2000-2001 period.

I was never invested in Nortel myself, but this was a major wake-up call to diversify my own investment portfolio... You won't see me putting all my eggs in one basket anytime soon

Nortel taught most of us Canadians a very valuable lesson: Only invest what you can afford to lose. I'll try FUSU with that in mind.

Reece since your from Canada, most likely good chance you could be from ONT, you must see how Nortel and THE SEC, go hand in hand, even to this day, they are still digging through accounting records, from which I heard that about 80% of Canadians who were invested in the markets took a beating with Nortel, and most still have it in the portfolios at a fraction of what they paid. It is only a matter of time before FUSU concept hits the US market, if thepit.com can do it for trading cards, why can't domains have a marketplace. I see so many domainers here selling their domains very cheap, because they need cash.... nothing wrong with it, when your in need, your in need, that is why digipawn scares me, very tempting, but once your in, and your paying XX% int per year, on a domain that is probably not making you that $XXX amount, doesn't take long to fall behind and lose your domains.

 

[Steven]

Thanks for the anti-rep: "no imagiantion, useless posts"

Good luck domainman101 with your fusu investment.