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The sale seemed to be to move the registrar business to a new company while leaving existing debts with the old company. The problem for Epik is that reassignment of the registrar agreeement needs ICANN approval. Epik had also been slow to pay ICANN fees and registry fees. It has also made ICANN look like it was taking no action despite the complaints about non-renewals.

Epik had been gaming the grace periods with renewals. There's a grace period of 0 to 45 days (Auto-renew grace period) that can be set by the registrar when a domain name expires. By extending that period, it allowed Epik to spread renewal fees that had to be paid to the registries over a longer period. The registrants hadn't lost their domain names. It was just that the renewal hadn't been applied. This also broke the Nameliquidate model with expired domain names moving to auction/sale before they went into the 30 day Redemption Grace Period and then into Pending Delete. (The blog post also mentioned that many of the complaints were resolved because the domain names were still in the first grace period when the complaint was made.)

If Epik doesn't cure the breach then ICANN will terminate its accreditation. Epik's new management might hope that the sale will buy some time but from the breach notice and the ICANN blog post, it would seem that ICANN's patience with Epik has run out. ICANN will still have to review the documentation supplied by Epik and decide if it is sufficient.

Regards...jmcc

<blockquote data-quote="jmcc" data-source="post: 2369702" data-attributes="member: 80388">The sale seemed to be to move the registrar business to a new company while leaving existing debts with the old company. The problem for Epik is that reassignment of the registrar agreeement needs ICANN approval. Epik had also been slow to pay ICANN fees and registry fees. It has also made ICANN look like it was taking no action despite the complaints about non-renewals.Epik had been gaming the grace periods with renewals. There's a grace period of 0 to 45 days (Auto-renew grace period) that can be set by the registrar when a domain name expires. By extending that period, it allowed Epik to spread renewal fees that had to be paid to the registries over a longer period. The registrants hadn't lost their domain names. It was just that the renewal hadn't been applied. This also broke the Nameliquidate model with expired domain names moving to auction/sale before they went into the 30 day Redemption Grace Period and then into Pending Delete. (The blog post also mentioned that many of the complaints were resolved because the domain names were still in the first grace period when the complaint was made.)If Epik doesn't cure the breach then ICANN will terminate its accreditation. Epik's new management might hope that the sale will buy some time but from the breach notice and the ICANN blog post, it would seem that ICANN's patience with Epik has run out. ICANN will still have to review the documentation supplied by Epik and decide if it is sufficient.Regards...jmcc</blockquote>

[QUOTE="jmcc, post: 2369702, member: 80388"] The sale seemed to be to move the registrar business to a new company while leaving existing debts with the old company. The problem for Epik is that reassignment of the registrar agreeement needs ICANN approval. Epik had also been slow to pay ICANN fees and registry fees. It has also made ICANN look like it was taking no action despite the complaints about non-renewals. Epik had been gaming the grace periods with renewals. There's a grace period of 0 to 45 days (Auto-renew grace period) that can be set by the registrar when a domain name expires. By extending that period, it allowed Epik to spread renewal fees that had to be paid to the registries over a longer period. The registrants hadn't lost their domain names. It was just that the renewal hadn't been applied. This also broke the Nameliquidate model with expired domain names moving to auction/sale before they went into the 30 day Redemption Grace Period and then into Pending Delete. (The blog post also mentioned that many of the complaints were resolved because the domain names were still in the first grace period when the complaint was made.) If Epik doesn't cure the breach then ICANN will terminate its accreditation. Epik's new management might hope that the sale will buy some time but from the breach notice and the ICANN blog post, it would seem that ICANN's patience with Epik has run out. ICANN will still have to review the documentation supplied by Epik and decide if it is sufficient. Regards...jmcc [/QUOTE]

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