SolarEnergy(.)com sold for $1,650,000

[Gerry]

Doc com,

It was salesmanship on your part and ignorance on their part. If they had approached you in a different way (probably involving lying about who they were or what they wanted the domain for) you probably would have sold it for a lot less. If you wouldn't have...that is only because there exists greater fools, and you wanted to wait for one. If there were no fools...you would sell that domain for the $20-100 that it is worth (maybe a bit more, I'm not exactly sure of the LLLL.com market right now)

Hey, here's a trick...how about going to the site tytz dot com.

And look up which county has TY for their country code.

For you to insist ignorance on their part is a stupid, comical remark.

If that were the basis of your argument, then every purchase you have made was a stupid move on your part thinking you were getting a deal.

 

[Deleted member 111831]

Doc com,

You have too much wrapped up in domains to see the light.

I'm sure there are many mortgage, real estate and stock brokers making similar blustery arguments about the strength of their respective assets and industries. They are fools of course, but it would be a waste of time trying to convince them of that.

Vision,

It is a mistake to assume somebody's registration date on a particular internet forum is at all indicative of their knowledge level or experience. However I appreciate the book rec.

 

[Gerry]

Doc com,

You have too much wrapped up in domains to see the light.

I'm sure there are many mortgage, real estate and stock brokers making similar blustery arguments about the strength of their respective assets and industries. They are fools of course, but it would be a waste of time trying to convince them of that.

Thanks for being the first to ever accuse me of having too much wrapped up in domains to see the light.

You omitted doctors and lawyers in your closing arguments above.


Is it possible for someone to be so wrapped up in their own little world and shell to see the world around you. Yes, you,

You come on making some weakass argument comparing domains and domainers as ignorant and salemanship similar to a damn baseball card selling for 10 cents on the dollar according to some Beckett guide.

And all of a sudden we are to look at ourselves and our portfolios and our purchases and sales and have an epiphany or a stroke and come to the sudden realization:

SNAP! I've been doing this wrong all along!

You are such a fool to come in here and quote rules and standards that should apply to everyone else except you.

I look at your sales threads and all I can think of is,

Well I'll be damned! He makes such a convincing and strong argument that anyone would be a fool and ignorant to buy one of his domains.

Glad you have found out what BIN is. Will come in handy with eBay's Buy It Now option.

-----------------------------------------------------

On a different note, thanks to H2FC for this post.

I had not seen this sale reported elsewhere or perhaps just glanced over it.

Then again, only a fool would glance over that many zeroes...

 

[Deleted member 111831]

The fact that you are taking this so personal and getting so emotional is what tells me you have too much wrapped up in it to see the light.

In my example, Beckett was the equivalent of end user prices in the domain market. eBay prices of sports cards are the equivalent of resller prices for domains.

At some point there will be a convergence of these two in domains. It makes no sense for a market to have such a wide disparity between prices, with the only barrier to entry being finding this thread.

HEY YOU END USER READING THIS!!

ALL YOU HAVE TO DO IS PRETEND TO BE A DOMAINER AND ITS 90% OFF!!!!

 

[Gerry]

The fact that you are taking this so personal and getting so emotional is what tells me you have too much wrapped up in it to see the light.

Dunce, when someone is directly addressing me I answer.

Emotional? perhaps another first on this forum calling me emotional. Typically I deemed as emotionless.

You criticize Vision for making assumptions about you. Yet, again, those same rules do not apply to you?

Domaining is hardly my life and my livelihood.

I do other things for a living.

And if you read what the hell was being posted, (looks like boston.com is the one doing the suing) rather than making your own assumptions, you might actually learn something from the members here.

That is your decision...come on as knowing it all and criticizing how every one else does it...

or...

contributing to discussions, reading threads before posting, and learning about domaining while sharing your experiences.

 

[Deleted member 111831]

This is what I have learned about domaining and these are my experiences.

End user prices and many domainers are totally unreasonable (see most of the people on Sedo). The reason for this is them hearing about (or experiencing) sales like your TyTz and the OP.

Why do you think it is that most end users choose long stupid domains? It isn't because they are only willing to pay $7. It is because they are not willing to pay $50,000, and that is what they get quoted when they make their first attempts to contact resellers. Then they tell their friends about the experience and on and on, and there exists a great many people who don't see buying a domain for a new site as possible unless they have a huge budget.

If people set reasonable prices (think one price, regardless of who is buying it), then people would get more sales. Then end users would start looking to buy a domain first and there would be more buyers.

This is my last post on the topic. Good luck everybody.

 

[exponent]

During the quarter ended October 31, 2008, we acquired approximately $1,662,755 of business assets, and furniture and equipment for office purposes. $1,650,000 of the capital expenditures were for the purchase of the domain name, solarenergy.com, We have used these assets to begin our business operation.

$1,662,755 Total Spent
-$1,650,000 Domain Purchase
---------------------------------
$12,755 left for the "rest" of the business

I wonder what the rest of the business consists of?

 

[cursal]

We have used these assets to begin our business operation.

I wonder who will get the majority of subsidies under the new Obama Administration?

Big Oil will get some, of course, but hopefully he follows through and really moves to kick off the green revolution.

And by the looks of it, SOLAR ENERGY INITIATIVES, INC., the proud new owners of SolarEnergy.com will need $1,000,000 to keep operations going till June of '09.

 

[Domainster]

The little company who bought the domain is a very - very weak financialy .....and the majority of the transaction was paid in a Note and shres of a weak penny stock. I'm not saying the deal is a sham at all ....just a house of cards.....that needs a lot more wind behind their sails !

Here is a more detailed of the transaction thatI did elsewhere (DomainState)...earlier in the week:

-------------------------------------------------------------

Will be great to get clarity and true specifics on this transaction......as they are weakly capitalized a penny stock buliten Board Co ...it started trading this past July under the name NP Capital

It was Not an all Cash transaction ..... at July 31,2008 they only had $366,655 in cash on their balance sheet .... and there latest 10-Q for thier quarter ending Oct. 31, 2008 shows cash of only $10,746 and current liabilites of $806,217 --- ans total liabilties of $1,096,039

--- Change in cash flow due for domain purchase was reported as
was only $135,000

--- then they showed Total Non Cash Consideration of $1,490,000 - consisting of Note Issued in the amount of $840,000 and new stock in the amount of $650,000.

That Note stability is dubious because of the company's week balance shhet and need to raise more outside capital -- or get revenue quick from the new subsidiary.
------------------------------------------------------------------
10-31-08 -- 10-Q

http://idea.sec.gov/Archives/edgar/...670/form10q.htm

The Company was formed on June 20, 2006. We are a Delaware Corporation. On August 20, 2008 we formed a subsidiary company, Solar Energy, Inc., a Florida corporation, to operate assets we acquired, which included the World Wide Web domain name solarenergy.com. In addition, we took over the relationship management of a rapidly growing independent solar equipment dealer network.
-----------------------------------------------------------------------------------

EDIT - UPDATE

Just found more clarification in an earlier filing of their 10-K form (which was filed late with the SEC on 11-05-2008)

"Effective July 15, 2008, the Company’s common stock was accepted for quotation on the NASDAQ Over the Counter (“OTC”) Bulletin Board under the symbol “NPCX”.

On August 21, 2008, the Company entered into and closed a Website Purchase Agreement (the “WPA”) with Solar Energy, Inc. (“SEI”) and the shareholders of SEI pursuant to which the Company acquired the domain name, www.solarenergy.com, the web site that uses the domain name, the name Solar Energy, Inc. and all trade rights associated with these assets (collectively, the “SEI Assets”).

In consideration for the purchase and sale of the SEI Assets, the Company assumed various liabilities, made a cash payment of $160,000 at closing, issued the seller a secured note in the principal amount of $840,000, with 7.5% interest, that is payable over a period of 21 months with principal payments of $40,000 per month and issued the seller 1,000,000 shares of common stock of the Company.

On August 25, 2008 SEI Acquisition, Inc., the entity established to acquire the assets of Solar Energy, Inc., changed its name to Solar Energy, Inc. Solar Energy, Inc. is a wholly subsidiary of the Company and a Florida corporation."
--------------------------------------------------------------------------

Newest symbol for the stock is OTC BB: SNRY.OB)

Shares closed today at $0.35 -- 52 week range is $0.13 to $1.00

 

[elitedomains]

definitely a category killer domain as someone else mentioned

 

[ezimedia]

Hi

Great domain name... Great sale...

a lot of money to be made now for many years to come..

But a lot of money to invest...

Thx
Tom

 

[DomainScoop.Com]

lol....why someone is jealous of salesmen who managed to sell his or her domain for millions?

quite a ignorant.

 

[PutuHamsa]

During the quarter ended October 31, 2008, we acquired approximately $1,662,755 of business assets, and furniture and equipment for office purposes. $1,650,000 of the capital expenditures were for the purchase of the domain name, solarenergy.com, We have used these assets to begin our business operation.

$1,662,755 Total Spent
-$1,650,000 Domain Purchase
---------------------------------
$12,755 left for the "rest" of the business

I wonder what the rest of the business consists of?

:lol:

Great sale....

 

[draggar]

They are worth what they would go for at auction. Anything more than that is salesmanship and ignorance. The whole notion of 'end user' and 'reseller' prices preys on stupidity.

HEY YOU END USER READING THIS!!

ALL YOU HAVE TO DO IS PRETEND TO BE A DOMAINER AND ITS 90% OFF!!!!

I have to disagree with your points here. We see this practice all the time. Do you really think whenever you purchase something, ANYTHING, you're paying what everyone pays for them? Think again. That ink cartridge you just bought for your printer for $25 most likely cost the company half that. That can of soup you just bought for $20 probabaly cost the grocery store $1.75.

The only difference? They have a business license stating that they are a business and then some companies will sell to them at wholesale prices. Domainers do not have this brand. When I list a domain for sale, I will sell it for the same price to an end user or another domainer. If a domainer purchases it and then develops it - does he all of a sudden become an end user?

definitely a category killer domain as someone else mentioned

I agree, it's a great domain.

 

[mulligan]

i'd pay money to see the negotiation.

Did Santa's reindeers take a big dump on you as they flew past your house this year?

 

[exponent]

The price was probably so high because of the manner in which the company payed for it.

 

[Sheva]

on 2002 I sold ENERGIASOLARE.COM that means exactly solarenergy in Italian for $ 5000.
:-(

 

[jimbaggs]

They are worth what they would go for at auction. Anything more than that is salesmanship and ignorance. The whole notion of 'end user' and 'reseller' prices preys on stupidity...

I guess my first question is "WTF are you doing here?" with an attitude like that. But let me chime in instead on your assertion of "worth".

An auction sale establishes a baseline of value, or a liquidation price. But it hardly denotes what a domain might be worth as a business asset under ideal conditions. Auctions with thin participation are especially inefficient. If I held a 24 hour auction in a DNF thread I could hardly expect to fetch the same or anywhere near what I could in a large public auction.

I estimate that this name would currently sell for low xxx,xxx at Domainfest or TRAFFIC. But I doubt that any significant manufacturer or distributer of solar energy systems would be in attendence. If you could get the top 6 of those together I suppose the price would get a lot higher.

Even at 10 million this name would be a steal. Not for a PPC parker but to a real live distributor hell yes. Especially with the new US tax credits for solar.

Anyway, thats all the talk this is worth. Good luck.

on 2002 I sold ENERGIASOLARE.COM that means exactly solarenergy in Italian for $ 5000.
:-(

Looks like your buyer is making good use of it.

 

[Sonny Banks]

Super Great Sale!!
Fantastic domain!

 

[reliable1]

the difference between a domain and a baseball card, mortgage etc is that a domain represents both intellectual "property" but more significantly brand. So you don't value a domain in the same way that you value a baseball card or other hard asset. And when a domain is a feature of a premier brand then its value enters the stratosphere. google.com an otherwise mediocre domain. But as the key feature of a brand it is worth millions if not billions. cocacola.com a totally obscure domain with no substantial value outside of the brand that preceded even the Internet makes the domain enormously valuable (and they redirect the domain to an even less ineherently valuable coca-cola.com). "solarenergy.com" regardless of who owns it is part of the zeitgeist of the "solar" brand which at this time in history is worth trillions of dollars. The business leaders that invest heavily in this type of branding understand the power of the brand. "solarenergy" is a term that has enormous buzz surrounding it and is on the lips of people like Obama, the Royal Family of Saudi Arabia and Dubai, the heads of the EU and even the Pope. Not a stretch to say that this is one of the "hottest" and most important business sectors in the world and likely will be for the foreseeable future.