Shares of NNR.com sold out! Go here for more opportunities!

Hello everyone.
Aron here.

You may have heard about us selling shares in NNR.com.
The offering was fully sold out within a couple of hours - and we have a waiting list as well.

The first version of our marketplace will be live very soon.
We will offer the ability to buy a position in some amazing domain names. Our exchange is coming, as well, where you can resell your position.

Please go here and enter your email address so we can notify you of future offers.
https://forms.gle/hzSRZvhDARLsYbQc6

We will also let you know when the marketplace is live.

Terms of future sales will be spelled out on our site.
I am so excited to be working on this. We have a HUGE vision, and I appreciate your support.

Sign up for updates here: https://forms.gle/hzSRZvhDARLsYbQc6

(I won't spam you or sell your info)

FAQ: Is this a security?
I have worked with a team of securities lawyers for over a year, and spent a fortune. Short answer, NO.
We've found a way to make these offerings NOT a security - which is huge. That means 24/7 trading, peer to peer, with no restrictions. Our platform will be in legal compliance with securities laws -- meaning, we'll structure the offers to our buyers that make the positions you buy not a security.

Thanks!
Aron

 

Congrats on successful fractional share raise

People like you should be commended for innovating, 3L affordable, under part owners.

i feel, this may evolve, into “domain stocks”
like 3L stock market with domain ticker symbol

Samer

 

Thanks Samer.

There are a lot of possibilities once we get this moving along.
We have a really big vision and I am excited to try to make it come to life.
Thanks again!
Aron

 

Did you get an opinion from the S.E.C. ?

 

Not a bad idea, now you have free capital to use, while the domain sits waiting for a buyer, interest free loan.

 

if this comes into fruition, i hope i get a free share like Robinhood i’m kidding!

i really do hope it happens. rooting for you!

Samer

 

I wish you success with the project!

Do you mind addressing?

Do you mind explaining further? I am curious on what the work around is.

I agree its huge! So what is the way to make these offerings NOT a security?

For informational purposes:

"In the United States, a security is a tradable financial asset of any kind. Securities are broadly categorized into: debt securities (e.g., banknotes, bonds and debentures) equity securities (e.g., common stocks) derivatives (e.g., forwards, futures, options, and swaps)."

As it stands right now, I don't see how this project is anything but a security. Please advise.

To further add, the Howey test is often applied to determine if something is a security.

Under the Howey Test, a transaction is an investment contract if:

1. It is an investment of money
2. There is an expectation of profits from the investment
3. The investment of money is in a common enterprise
4. Any profit comes from the efforts of a promoter or third party

I believe this project checks the boxes as a security based on the Howey test. I look forward to hearing views that may differ.

 

Happy to discuss our legal position off the forum. Not something I should elaborate on here.

 

Hi Aron,

Would there be a press release or a company brief available to clarify? I presume there would be a few people interested in the legal position (myself included), so that could be worthwhile to put together.

IR

 

Good thoughts.
We are working on the platform now and I will have our lawyers spell out
the terms, clearly, of what we are offering.

For now, I'd like to see who is interested in learning more when the time comes (via the email form linked).
We'll get everything settled on our end and then get everyone up to speed when the time comes.

Thanks!

 

What if the name gets hit with a udrp, and taken away, what happens to investment, am I obligated to pay for legal fees based on ownership.

It’s a great idea, for domain holders to raise working capital from dormant domains.

 

Please disclose how many shares were sold and at what price. This would be a great insight into what you feel the domain is worth and also how investors value it.

Thanks!

 

We will have that worked out. As of now, I am paying legal fees from UDRP and I refund buyers if a name is taken/stolen/expires etc.

 

this was the form we used to sell the shares. all info is there:
https://forms.gle/XJSG3hiK39vmZzmL6

this was one of my names, and it was to prove demand for the concept.
The actual working site will behave differently, but with the same concept.

 

Thanks!

That seems like it’s valued on the low end but today’s market for LLL is down. I’d be interested to invest in a higher caliber domain like LL or NNN, for example.

How are potential buyers handled? Do all shareholders have a say in sales or is it on a majority basis?

 

All shareholders will get a vote on yes/no to sell when offers come.
It will be a weighted average (the more shares you own, the larger representation you have)
This seems like the most fair way...
you can also resell your shares on the exchange, when it's finished.

 

Awesome!

This is the definition of tokenizing assets, and the future, I believe. It could be domains, homes, art, or anything that holds true value.

 

Yes, it is a form of tokenizing assets, however it's not done on a blockchain which is what "tokenizing" is.

Ironically, the largest hurdle that "tokenizing" has encountered is the fact that it must be registered as a security. Somehow, this project seems to be able to do what many have been unable to do. It would be nice if there was more clarity as to how this investment is not a security. Currently, all indications are it is a security.

 

I'm certainly not going to sell unlicensed securities.
I will have more info soon. :D

 

The info regarding a security is valid. It's not private legal information. If you solicit investors you should be able to easily explain the legalities of the investment. I look forward to your disclosures.

Wishing you and the project the best!

 

appreciate it.
yes, it will be clear. thanks for the input!
email anytime if you have questions or thoughts: [email protected]

 

Tokenizing is more of an investment idea or approach, not necessarily the form of payment used to invest.

This is an example of selling shares of something with value. Whether you invest with cash, crypto, or a loan is irrelevant imo.

 

Sounds good to me...the only fair way to do it.

How much commission does the marketplace make on a sale? (I assume profit will be deferred until a sale is made rather than charge a 'buyers' fee)

Looking forward to buying my first share(s).

 

Upfront, before any offer come, shareholders must agree/vote for how much will be sold ... absolute minimum price. Otherwise, you’ll face something like .. inside man f.e. how much would you sell your right to vote for X offer/s.

IMO

Regards

 

thanks.
be sure to enter your email for updates.
All info will be on the marketplace when live.
Thanks!