You all decide am I right or is Sedo right (Part 2 fastfood.com)

[barybadrinath]

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 ..

 

[karmaco]

Sedo is right.

You are wrong.

End of story. Now count votes in this thread who said sedo is right, against votes you are right. Got an answer you asked?

He is only on this wild rant to keep his crappy post regarding Sedo indexed on Google. He is fighting with himself because nearly everyone has told him he is in the wrong.

He didn’t start this thread to listen or inform. It is a revenge thread plain and simple filled with conspiracy theories and lots of unverified blather.

It’s amazing and sad to watch someone crash and burn their domaining reputation down to the ground in 24 hours.(literally looks like someone having a mental breakdown not a domaining professional sharing their version of events)

Stop replying to him. He is hoping to troll Sedo. This thread serves no purpose other than to feed his ego as Sedo will never give their side of the story.

 

[MapleDots]

As much as I don't agree with making such a large offer and not standing by it I wonder if we should dig in a bit with the OP's original question.

I mean if Sedo is really reporting sales and then not correcting them after they don't close then that would be a bit problematic. I mean, not so on a single or a few domains but let's just say in numerous large reported sales.

So the op sees a domain sell for 100k, sees it a couple years later and makes an offer for 50k and the offer gets accepted. Now he truly might be basing his offer of 50k on the fact there was a reported sale on the domain at 100k and he thinks the company went out of business and the domain comes back up for sale.

It might be a good idea to have the information available for research purposes before the domain goes back up for sale.

I'm just playing devils advocate here because I think the OP has two parts to this topic and I'm just wondering if this bears a bit of discussion to bring some seriousness to the topic.

 

[GoWebnames.com]

This thread is an absolute total waste of time. OP is a badass delusional whiner who is perhaps just seeking cheap publicity and berating all those who are giving him any advice. I doubt he has even 95k rupees in his bank, leave aside his claims of $95k $262k. Mods, please close this thread. @Amanda @Eric Lyon

 

[NickB]

This thread has turned into an absolute farce with the name calling, insults and the off point subject matters that keep being brought up.....

It should be closed so this crap is not on public display.......

@NamePros please close thread

 

[maksimfa]

No No No - you are wrong

Try reading it first thing in the morning over a nice warm cup of coffee, it provides me with my entertainment value for the day.

Lol, I have learned that arguing with this fool is a time suck but reading his tirades while in the bathroom? Perfect.

His ramblings and bathroom... a match made in heaven.

 

[wot]

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?

 

[barybadrinath]

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?

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

 

[barybadrinath]

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.

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

 

[maksimfa]

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

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.

 

[maksimfa]

They should... I agree. but they don't have to. Show me anywhere where it says they have to correct mistakenly reported prices?

In fact they do not have to report sold prices at all.

 

[equity78]

I have zero interest in Sedo nor have I ever sold there... and I do think they should publish bad sales that did not go through... HOWEVER... it does not change the fact that you made an offer, they accepted.

1. Did you ask them... "Did this domain sell for $500k last year or whenever it was?"
If they lied... there is something you can do. Again, your fault you did not ask.

I don't believe Sedo did report it as sold neither @Michael Namebio has it and @Ron Jackson does not have it. So it looks like DNPric.es saw an auction close and listed it. Sedo also puts out a weekly sales report and it was not listed there.

Would have come out in this report https://www.thedomains.com/2014/07/24/sedo-transactions-total-1m-52-are-bin-open-tv-sells-for-25k/

 

[NickB]

There are things we can shame Sedo for but nowhere as per the last few posts, did Sedo say the domain sold. No credible source reported it sold and paid for.

Auction ended, that is all that showed.

I think you are just going around in circles with him , he is either not understanding your posts or is ignoring the points raised and then shifting the conversation.......

Either way I would save your time and energy on more worthwhile pursuits!

 

[equity78]

I agree by this statement of yours ... But what i am trying to say is if sedo has publicly posted about it , they should have at least mentioned little info about it with the domain itself.

Sedo didn't DNPric.es did, I can post on my blog right now I sold Jozie.com at Sedo for $200,000. Sedo is not reading every blog post on every website on the Internet. Again DNPric.es saw an auction close and posted it as sold at SEDO, @Sedo said nothing about FastFood.com.

 

[maksimfa]

You and me can have a competition on maths and we see than whose brain is more activated

You do know domaining is not about math right? It is about reading people and having street smarts... You have been domaining far longer than me... YEt how the heck does my wife, who only has her 2 domains know about whois lookups and looking at archive.org and other sites to check basic facts?!

 

[equity78]

And if sedo can't watch over what other websites are writing about sedo sales than I think sedo must find a way for it.
At last there are not much websites who post name sales

There are places all over the Internet that discuss sales prices of domain names, that no one could track. I personally over the years have seen people mention domain sales prices on Bodybuilding forums, adult forums, Reddit, Blackhat hacking forums, Graphic design forums, Twitter, Facebook, Instagram, Tumblr. No company would have a way to track everything.

But this is usually what this community does, if you see an auction close, it should always be name closed at, not sold, I write a daily report everyday, and if it was a sale at Sedo I say it sold, if it closed at NameJet or GoDaddy I say the high close not the high sale for the day. @Michael provides a service that helps people track sales, he will tell you he has no way of knowing if someone paid GoDaddy or NameJet, I email Michael every month, letting him know things I have seen which means a name might not have sold, he researches and if he agrees he removes it. This is being done for free. If someone had posted FASTFOOD.com sold for $500,000 I would have posted well it closed at $500,000 let's see if it gets paid, and a lot of other members here would do the same. When it doesn't we ask questions, I have been asking @Joe Styler for months about 6666666.com https://www.namepros.com/threads/6666666-com-now-up-to-99-999-will-it-get-paid.1102950/page-2

 

[equity78]

You cannot give Google a clean chit if someone puts child porn on Google. Google cannot escape the responsibility saying that it's not their content.it might be content posted by someone else but the user saw it on google.
Same I saw the post mentioning sale of 500k usd on your platform sir. Whether this content was verified or not ,its not upto me. It's the responsibility of the publisher on which it is posted.
You need to verify and than post it sir.

2) in the first place my decision to buy this domain name was taken after seeing the past sales record of domains ..
I have bidded on around 150 domain names ,all premium , which were sold before and were available on sedo.
From this list 4 of my offers were accepted at sedo.
I bought 2 , sent money for hormone which seller backed out after money was sent ( do you have guts to shame him as well ) and the last was fastfood.
On the next day of my offer got accepted , i came to know that this 500k sale of fastfood was a lie so i did not pay for it..
This is what have to do for me not paying years later..

No you are wrong , no one is verifying anyone's database of a million domain sales, you use it to buy a name, you verify it. NO ONE HERE OWE'S YOU ANYTHING, DO YOUR OWN RESEARCH.

You made an offer and then didn't pay, you have accused @Sedo of a lot of things, let's see what they do.

 

[barybadrinath]

What happened to smartphone then? Seems like you put sedo through a whole lot of trouble without resulting in a finished sale.

I will tell whole story--

I contacted buyer of smartphone for some other domain last year in july-sep period
He told me he has some premium names and he offered me 10% to sell them.
I sold his 3 domains worth 310k usd last year.
After that he gave me smartphone and 3 more domains to sell.
I started contacting end-users for other domains except smartphone .got an offer of 850k for ephone , 750k for some other and i put smartphone to market in Dec.
I came to Delhi on my own expense and I contacted almost every big company here by personally visiting their offices .
I was marketing it day and night and I sent around 880 emails for smartphone . You name any fortune 500 or any of 120 smartphone manufacturing companies listed on gsm arena . I have contacted them. Mostly i sent emails to after dec 21.
I told the seller that no one has replied till now for smartphone as holidays are going on. He gave smartphone to me till 31 Dec..
Seller told me " ok Puneet no problem , we want you to succeed and we give you some more few days of 2019. It was on Dec 27 or 28. Have to check..

On 31 Dec I got 2 replies directly from ceo of 1 fortune 500 who offered 850k plus escrow for smartphone and one offer was from Indian ceo of a global mnc in America. You all must have used it's services in usa.
This ceo was my cousin'' iit batchmate and my cousin lives in usa. I contacted my cousin also for smartphone so he informed his friend about smartphone.
On 31 that ceo called me and told they want to buy this domain.
I asked 3 million from him and showed him the price for which crypto.com gets sold.
He agreed for 2.5 million usd ( 1 million at time of deal and next 1.5 million in 2019 , every month instalment.
When I presented offers to sellers of smartphone they said sedo is representing them now and Dave evanson is the man.

From last 6 months this seller does not know anything about sedo.after I posted smartphone here on namepros , sedo's dirty tricks dept came in action mode and they gave some greed to seller and snatched the domain away.
I know sedo is an unethical company but what hurted me most is seller's breach of trust.
I would have given him 750k + 850k + 2.5 million deal in jan, out of which 10% was mine but sedo took all away.
There are thousands of domain in this world , I will earn from some other domain name but sedo ,you are not good people..

 

[Argentum]

I dont like buyers like you, Sedo did everything right when banned you.

 

[mr-x]

...
But through my meditation and Indian Mantra power I came to know that all this was a trap from sedo ..

Shorter: When they immediately accepted my first offer, I realized I could have bought the domain cheaper. Now I'm mad they didn't succumb to my master plan to save 50K.

 

[maya-zir]

I will. Don't worry about it.
I suggest you go and visit someone who can teach you ethics in business..

Lol, you are talking about ethics in business?

 

[wwwweb]

Take this example sedo sold taxes.com today for $250K as they have reported. Previous reportings of this domain are at $750K.

Now do you think the buyer is buying the domain because of a previous sale value, or an applied use of the domain present day.

$250K is insane for fastfood.com, so is $95k, the term has a bit of negative meaning as fast food tends to be labeled as unhealthy. Now for a food delivery service maybe it works, but many of them like to go more with simpler less generic brands.

Either way for an investor to pay that price, doesn’t make much sense, even if it has a previous 7 figure documented sale.

Maybe this is why godaddy decided to put appraisals beside every domain, and the higher prices being paid in the aftermarket as their is a subset that are just buying based on implied value, without figuring out for themselves what the actual value is.

 

[donnied79]

Well, I think that being Sedo such an important player in the market they should mention if a sale doesn't go through, because if they don't there are still ways to manipulate the market.
For example I own FastFood(.)tv and if I had to sell it to someone else I could have mentioned that there was a reported sale of 500K for the .com.
I know that at the end of the day you should offer what you think is right for you, but at the same time you have to admit that domaininan is a industry where we are influenced by other sales (just see at the llll.com chips madness).

 

[NickB]

I wasn't going to post in this thread again, but I got twitchy fingers......

You did not honour a legally binding agreement

Everything else is just noises in the wind and is irrelevant.

"Due to the binding nature of offers to purchase or sell Domains, Users should review the Domain listing to avoid mistake before submitting a binding offer. Mistake does not relieve a User from their obligations to purchase or sell Domains once a binding offer has been accepted."

https://sedo.com/about/agbs_e.html

It was your mistake that you failed to conduct a thorough due diligence process, it was your mistake by taking a post on a website at face value that the name had been sold previously and it was your mistake placing a bid on a name and failing to pay.

Just so your clear.........

Mistake meaning: "an act or judgement that is misguided or wrong."

 

[ecomslice]

I am new to this industry, but I do have a concept of business , Bary I think your sincere and honest , these registers do play against some moral rules, but the fact is in business it is a sad world. the name of the game is to find an edge. weird things happen like . www.barybadrinath.com

I actually believe that there is a deal between a few big time domainers to buy and sell to eachother, just to create trends in the aftermarket purchases.

there is so many tricks up the corporations sleeves, stock markets, crypto markets, domain markets. I hope in your spiritual life you dont let this twisted game in, just keep them divided, and know not to trust much of anything in the trading for financial wealth realm.

 

[MapleDots]

Will ask this person also to use proper language else i will give a digital slap to him here and his coming generations will be born as deaf...

With all due respect to atinc and barybadrinath

That made me laugh so hard I almost fell out of my chair.