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1. terry says:
   
   #1 2008-03-26 06:40 (Reply)

   Thanks Geoffrey for your input!
   
   Your leadership is definitely taking this company (shareholder for 4 years!) to the value it should be.
   
   Looking forward to the ride!
   
   Go LIVECURRENT!!

2. Jeff says:
   
   #2 2008-03-28 10:58 (Reply)

   As a very long term investor and advocate of the company could you explain what lessons you learned while at Pier One Networks regarding shareholder value?
   
   The price appreciation of the domain names you control is the primary reason for the stocks appreciation to date. I am not opposed to aggressive acquisitions that increase shareholder value in the long term, but am starting to wonder why anyone would sell an asset that is appreciating at the rate that quality domains are today. Could you name another asset class that you could turn a $100 dollar investment into 10 million in under 10 years?
   
   If you simply tie the domain names appreciation rate to the stock price it will continue to drag the share price higher.
   
   Your company owns assets that will continue to appreciate faster than any known asset class to date. Whatever you would receive in exchange for such an asset is certainly going to appreciate at a slower rate and thusly your shareholders’ value will rise more slowly. Much like quality blue chip equities, domain names offer residual income for not only our generation but for generations to come.
   
   If you are looking for capital inflows perhaps a full NASDAQ listing would help? You are above the $1 dollar 52 week average I believe?
   
   Please comment,
   Jeff

3. Geoff Hampson says:
   
   #2.1 2008-03-30 11:58 (Reply)

   Jeff,
   
   We are not planning on selling any of the domain names in our portfolio unless the offer exceeds what we think the NPV is of that site. I agree that the value of the domains will continue to increase but also know that a domain with a business built around it that is generating revenue is many times more valuable than the domain name alone. Our strategy is to build businesses organically to maximize shareholder value. Along the way we will make acquisitions that fit that strategy including ones where we acquire technology, fill a void in the strategy, improve margins, improve the consumers experience or gain scale. We are also looking at listings on other exchanges as another way of increasing shareholder value. Stay tuned.

4. Jeff says:
   
   #3 2008-03-31 08:56 (Reply)

   Geoff,
   
   If an offer for a domain exceeds your assessment of the NPV of a site, will the sale be in an auction format to ensure that the domain sells for fair market value?
   
   PS: Two thumbs up on the name change, the new blog, and the acquisition.
   
   Sincerely,
   Jeff

5. Geoff Hampson says:
   
   #4 2008-03-31 10:36 (Reply)

   Jeff,
   
   We will look to maximize the value for any name that we sell. The best way is for management to know what its value is as a stand alone asset and as a developed site. We look at both on a regular basis. I would definitely consider an auction process.
   
   Geoff

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