WebCentral have released a public statement at their website that states;
Note: the $500,000 Drop.com.au paid for Netfleet was just for WebCentral’s 50% holding.
It’s very interesting to note that WebCentral state;
“Drop Catching’ is the purchasing of domains if they are not renewed by the domain owner and then on-selling it to someone else or back to the original owner.”
They go on to claim, “It is expected that this practice will be redundant in the near future once (auDA), the domain governing body makes much needed changes to the industry.”
We wonder if auDA realises that drop-catching will soon be made redundant?
Hey auDA, care to elaborate?