NameSilo

You all decide am I right or is sedo right ( part 2 fastfood.com )

Located in Domain Marketplace Reviews started by barybadrinath, Jan 2, 2019.

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  1. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    Sedo ethics part 2 --

    Sedo published domain sale of fastfood.com for 250k usd somewhere between 2013-15. Someone made an offer of 250k usd for fastfood and then it was on auction for 7 days and domain was shown sold for 250k usd.
    I followed that auction as I was interested in fastfood but 250k was out of my reach that time.
    Everywhere on domain forums , dnjournal , namebio it was mentioned that fastfood was sold for 250k usd.

    You all know what. That auction was never paid. And sedo and dave evanson did not care to issue a public info on the same. They all lied.
    So in 2018 i made an offer of 95k usd for fastfood.com which was immediately accepted ( in just a min of making an offer ). I was about to send money next day ..
    But through my meditation and Indian Mantra power I came to know that all this was a trap from sedo .. the fastfood price of 250k was a lie and auction was never paid.
    If i am lying about this I challenge to all domainers to ask about it from sedo..
    I refused to pay 250k usd and asked sedo to cancel the deal as they did for hormone.com with me.
    Sedo refused. They said i have to pay commission of 12-14k usd for fastfood.
    I asked Dave evanson when sale has not taken place , why should I pay commission. And why sedo did not bother to issue a public statement mentioning that their previous public release of 250k for fastfood was a lie. They must have cleared the air.
    Sedo refused and blocked my account. Even though i joined sedo in 2011.
    This kind of ethics sedo has and these hifi brokers have.
    Sedo be sure India is not your playground and time has come now to create a transparent and ethical domain platform. I have never been to any domain conference and have no touch with any Indian domainer but i will do whatever I need to do so that sedo does not play it's dirty tricks with anyone else.
    I also feel that selling price of kush.com is far greater than 500k but the seller has been given only 500k ..
     
    Last edited: Jan 2, 2019
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  2. wot

    wot Top Member VIP ★★★★★★★★★★

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    Not sure what you are saying.
    Sedo effectively faked a sale of fastfood.com a few years ago to draw you in to offering 95K last year which you then backed out of, is that correct?
     
  3. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    I have written in English language whatever I have said.
    Sedo effectively faked sale of fastfood.com - 100% true ( you can ask about it from sedo whether the auction price of 250k usd was paid or not )

    Sedo did this to draw me or not- not sure.
    But yes sedo did this to attract bigger domainer like you. Who can pay 6 fig prices.
    By the chance i was interested in fastfood so I uncovered this dirty mind tactic of sedo.
    I am also very sure sedo faked many sales and have paid less amount of money to domainers. They don't work neutrally. There must be a thorough investigation by govt of America in sedo dealings.
    If I am proven wrong I am ready to go to jail or else sedo and their hifi managers and hifi brokers must go to jail
     
  4. eurorealtor

    eurorealtor okre.com VIP

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    I don't think it's Sedo's fault that the buyer never paid $250k for the name and Frankly I don't think they are obligate to announce the sale never took a place, you should re-read their TOS. It may not be nice, but it's you own fault, because I never make an offer to a name just because someone supposedly paid a huge bill for it. You should know and make your own research what's the domain worth to you, sorry.
     
  5. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    No man. You are wrong .
    Dont try to act on sedo's instructions.
    Does sedo not have a moral obligation to issue public release again that their previous release was never paid
     
  6. BRANDERX.COM

    BRANDERX.COM Upgraded Member Gold Account VIP

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    Forget the auction & the 250k.

    You said your offer of 95k was instantly accepted?

    Why didn't you pay up?

    Because you're upset about earlier & the whole 250k auction story?

    Is this what you are saying?
     
  7. MasterOfMyDomains

    MasterOfMyDomains Top Member VIP ★★★★★★★★★★

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  8. eurorealtor

    eurorealtor okre.com VIP

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    I am not a big fan of Sedo, but if you entered into an agreement and didn't paid for the domain, you can't blame them for banning you, you could see that coming. Even you want the domain or not, no matter if the domain sold or not. I don't think Sedo is the one who tricked you into the feeling the domain sold for $250k (if someone).
     
  9. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    O really.
    Then tell me in which business a deal is termed as completed even if the money is not paid.
    Which terms and conditions of sedo gives sedo the right to declare a deal done in all public forums even if the money was not paid.
    Are you sure that the so called proxy buyer was not sedo's agent ...
    The argument which you are giving will be given by sedo's lawyer also but wont held in court of law..
    According to sedo terms and conditions is just getting offer for any domain brings in the category of sale done.

    And I am not crying if my account is blocked. I will say it was for my benefit only.
    Sedo never sells domains of small domainers , only after i came out of sedo I was able to make some money in domains.
    I have 2 offers for smartphone.com , i showed these 2 domains ephone and smartphone to mike Mann also because he owns phone.com but i dont know who has backstabbed..
     
  10. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    And the agreement must say that if domain transfer and money paid ( both are done) then it's a sale.
    I won't pay if i am not getting domain . What action did sedo take on the owner of hormone when he refused to sell hormone after a month of negotiations..
    Are these so called self drafted terms and conditions only for small domainers like me..
    If you do murder then it's a revenge but if i do then it's a crime. What a hypocrisy this is ???
     
  11. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    Why should i pay. I was interested in acquiring the domain name to earn money from it. I thought when it was traded for 250k usd , getting the domain for 95k will be a good deal.
    If not anything more i will be able to flip it for at least 200k.
    But when I came to know all that was a lie , I became suspected about domain name and sedo.
    That's why I did not pay.
    Would you have paid 95k after knowing the whole truth if you were at my place
     
  12. wot

    wot Top Member VIP ★★★★★★★★★★

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    Sorry, simply appears you backed out of a deal that you contracted to and then want to find some entity to blame other than yourself.
     
  13. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    Yes I backed out. In first place my decision to buy that domain was influenced by its public sale release of 250k by sedo. Which itself was a lie.
    If broker is selling you house at cheaper price and he tolds you that this house was sold by him previously for a higher amount so it's a good deal for you . You accepts buying it but later on you came to know that the broker lied to you about previous sale data.. will u still pay for the house and will you pay because that cheater broker have got you signed on some paper as self drafted agreement of his..

    I don't think any neutral person will buy that house. Here the broker is sedo. They only declared the sale of 250k previously.
    Ask some experienced lawyer his legal view on this first n then give the opinion.
    Sedo must thank to God that I did not register case against them for strategically trying to con me.
    They can't hide behind some words on paper termed as agreement..
    Wrong is wrong
     
    Last edited: Jan 2, 2019
  14. maksimfa

    maksimfa Top Member VIP Trusted Contest Holder

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    So yes, it might have been a bad situation but you need to prove two things...

    1. Sedo WILLINGLY reported it as a sale knowing it was not paid and was not going to be.

    2. Time to do due diligence is BEFORE you bid. You placing the bid is a legally binding agreement. If you were in the states, I am sure they would sue for non-performance and they would win.

    You offered $98k for the domain, they accepted. What the price was before does not matter nor does it change that you are giving money to get domain.
     
  15. maksimfa

    maksimfa Top Member VIP Trusted Contest Holder

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    Conning? NO!

    Conning would be... you agreed to buy for $98k... instead of fastfood.com they gave you fastfoods.com lol.

    Past value does not mean jack... only thing that matters is what YOU think the value is... They have ZERO LEGAL obligation to tell you what they think it is.
     
  16. DrJacoby

    DrJacoby Established Member

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    Say hello to your friends Spiderman and Superman. Super heroes are cool.
     
  17. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    An
    1) Yes I guess all the sale reports which sedo or any other platform sends to namebio , dnjournal etc are send by their staff .Outsiders such as me cant hack in their sedo account and we can't send those sale reports. You can ask sedo who sent it..
    2) Time for due diligence depends on me. Tell me why only me. Why not broker has responsibility to do the same. Then why are brokers for. Are they taking huge commission only for acting as escrow service.
    It depends on broker also. He has that moral responsibility. Buyer like me are living in India and we don't have much contacts in usa from where we can verify the past sales. We only check on public forums which we take as credible info source.
    If not in 2013,14,15 then why not in 2016,17,18 sedo issued a public statement mentioning that in their tax returns or annual returns , amount of fastfood.com has not been credited and they have wrongly sent the report for fastfood. sedo cannot just confuse and put wrong impression in public mind.
    You are saying that tomorrow sedo can issue a public statement and say domain xyz has been sold for 7 fig whereas in real amount has not been paid..
     
  18. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    And in states
    In states or in any other country of the world no judge will allow anyone to present wrong data first and then cry about backing out from their agreement..
    I would have also sue them asking why did not they issued a statement that their 250k sale was a lie and it was done to get people interested in the domain.
    No one is Allowed to first take the cat out from bag and then cry after that same cat creates trouble in the house..
     
  19. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    Which legal agreement allows sedo to send wrong reported sales in public forum. Until and unless they have got the amount..
    Even though they did not rectify it at that time itself then which legal agreement allows them to not rectify their mistake after they filed their tax returns of that year ..
    Are you saying sedo is allowed to file false tax returns also.. is their any racket working in the name of sedo to turn black money into white in the name of domains.

    For ex sedo says plants.com and files.com are both sold for 6 fig. I have believed them. But what if you come to know later on that money was not paid and sedo did not even issue a clarification. I believe whatever I am seeing or reading on namebio n dnjournal
     
  20. urlurl

    urlurl Top Member VIP

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    there is no report on Namebio of any sale for fastfood . com
     
  21. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    I will ask same question from you if you bought any property from broker just because you signed his agreement and later you come to know you were fooled. But as you signed that agreement you have to buy it. Right ???
    Becoming fool even after knowing you are getting fooled are the signs of biggest fool on Earth..
     
  22. urlurl

    urlurl Top Member VIP

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    where was it reported?
     
  23. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    It was there till last year on some credible past domain name sales info
     
  24. urlurl

    urlurl Top Member VIP

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    so it was reported last year, then when the sale didnt go through last year NB removed it?
     
  25. barybadrinath

    barybadrinath Upgraded Member Gold Account

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    Master of my domains has posted some links. Kindly see them and i am working to send you link as well
     

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