Member Info for Rykan

Given the glacial place of the ICANN gtld roll out, the fact that .shopping was in a contention set, and that mmx gives year in advance type timeframes on their website (https://mmx.co/launch-schedule/) and within the rns'... I'm not sure I agree that this has been rushed to market to fit with this date. But I do agree with you, likely the review from the perspective of PI has failed. The only positive is that it has dragged on for so long that most, I suspect, believe it has failed already.

Obviously it is only one website.... But as has been explained to us previously 'vip' has different connotations in China/Asia than it does here. For example no way would a plastic recycling company in the UK choose a vip site. Obviously a complete moonshot - but if companies use vip instead of com in China....

I found the statement a bit confusing re maiden profit. Why it doesn't just say, maiden profit is expected to be X slightly above market expectations I do not know. Cost of Sales is likely 3m. Partner payments 2m Operational costs 5.5m Other costs 1m? Billings 15.6 I would guess 4.1m ongoing profit and 6.1m with the contested gTLD revenue (+2.1m). I'm not an accountant, but that is how I see it. Am I reading the RNS wrong, have I missed something or other opinons? GLA

As far as last year is concerned... Donuts is the main portfolio competitor 'selling' names and not following a freemium strategy. As we all know if you look at total domains for gTLDs this is distorted by xyz etc giving away names/drops etc. IMHO they/donuts are the 'market' or competitor for us that we should bench ourselves against. Donuts portfolio went up by 44% last year Donuts end of 16 = 2,467,025 Donuts end of 17 = 3,541,962 MMX's portfolio went up by 60% MMX end of 16 = 857,092 MMX end of 17 = 1,374,690 Not only that but MMX's non VIP names went up by 60% as well Ex Vip MMX end of 16 = 857,092 - 576,612 = 280,480 MMX end of 16 = 1,374,690 - 924,514 = 450,176 Given MMX has 27 names (currently) and donuts has 238... MMX has done considerably better on a per TLD basis.. Donuts has just under 15k/name MMX has 17k/name EXCLUDING VIP. and INCLUDING HORSE RODEO ETC INCLUDING VIP MMX has over 50k/name These numbers are just from Ntldstats with MMX as the registry. The numbers likely don't include some joint ventures and the like for mmx which would only add to the numbers.... the point no doubt remains the same. If we look at 2017 as a whole, yes MMX could of done better (all companies can), yes they missed 1m VIP names and the share price is what it is... but they beat the main competitor by 15 points (or33%) in growth rate. I was hoping I was done with MMX by 2018. However, as far as 2017 went for MMX's operations it was a good one just not for the share price, which is what we all care about. GLA

Where does it say that's his salary? I can't find it in the kiwi interims. Seems very much at odds with the (succesful) cost cutting drive. Someone else suggested it a while ago, but I'd have to agree, most likely outcome now is probably a relisting in hong kong. When the review started, I was hoping I was going to be done with mmx by 2018. Gla for 2018

Just looking at the volume from the past three days, if you did sell 60k+ today and 100k in the last 3 days, you have been a healthy percentage of the total volume. Long term the price will be what it will be, but... Like you I'm disappointed in the share price. All the best for the future.

Given the amount you are trying to sell, have you looked at the average daily volume? 60k this morning plus whatever else...

I guessed they would make a full 1p for this year a long time ago. I still think that is close to the mark. Ok you can quibble about on going operating profits at 1p, but a full p with operating profits increasing and continuing premium sales this year and next etc. I have also made the comparison to CNIC before which trades on 30+ current PE from memory. It makes MMXs valuation laughable. None of this is new info though and we are where we are. Excuse any mistakes on cell phone.

as an aside to the chinese character domains - China blocks many mainstream western websites. For example Google, Twitter, Facebook, Pinterest... https://en.wikipedia.org/wiki/Websites_blocked_in_mainland_China I can only assume that China as a country would look favourably on local companies/individuals setting up websites in Chinese characters. At the margin this should be good for those gTLDs in Chinese characters. Only time will tell...

I followed some of Kevin Murphy/Domainincite’s tweets on the macau auction… it sounds like it went quite well. No doubt he will write a blog about it soon. In chinese bitcoin went for 15k, casino for 25k. Hopefully we will get to see the total sales figures. Another indicator that could bode well for our Chinese shopping gTLD. Shopping would have to be imho just as important and both of those gTLDs.

It would not be a stretch to see 100k by the end of the year I think. That would be a fantastic result. Approaching 3% of the population. I have always worked on long term 5% of a population for these developed markets as I am more conservative. If it is 3% by the end of the year for our geo gTLDs I will be very happy. Everyone here can do the back of the fag pack numbers. By the time london and NRW launch we would have had a good look at a month+ of berlin growth.

.Berlin 31.5k on day 1. It'll pass guru in the coming days imho and then keep growing. Berlin has a population of 3.5m vs about 50m for our geo gTLDs. Strong start for the geos. That is nearly 1% by population. I have seen some comments on here that don't like the comparisons to population but I think it is a good approximation for local businesses, societies etc. within a geographic area that would use domains. Clearly a larger population = more local businesses. Anyway strong start. I was wondering yesterday if the uptick was due to early reported volumes on this. Today we shall see. I think it could be a strong day. But I am not a day trader and have never been good at guessing. Atb

Whilst one can argue about the merits of individual companies Yahoo or otherwise taking over TLDH – it is plain to see that there has been consolidation in the domain name industry over the past few years and imho that is likely to accelerate. With large players and small operators in the industry where margins are high this is obvious. There have already been several takeovers. ICANN has “deregulated” the industry to allow for vertical companies registries can now operate as registrars. Google has jumped on board and has developed its own registry and likely registrar. Google may buy companies that own the gTLDs they wanted to own but did not get in the Auction process - Yahoo may or may not follow suit. Verisign currently have a monopoly and are currently attempting to defend it with an anti-gTLD campaign, it is plain to see that this could change into a buy growth campaign if .com growth slows. Companies like Godaddy may look to buy registries to become vertical and attempt to defend their position against new entries in the registrar business vis a vie google etc. Neustar may want to extend on country extensions (.us) and .nyc by buying our geo gTLD portfolio…. I could go on and on. The article yesterday and internationalisation of ICANN clearly have given investors pause for thought, I doubt that the 500m in market cap that was taken off Verisign yesterday would of gone unnoticed by its board and certainly not its investors. I also doubt that Yahoo would not have “noticed” Google’s foray into the domain name space. Microsoft (bing) and yahoo have had their two cents on Googles .search application. http://www.thedomains.com/2013/06/14/microsoft-yahoo-tells-icann-not-to-allow-googles-dotless-search-app/ It is obvious that this company, a vertically integrated registry registrar built from scratch, will be a takeover candidate for some company(ies) in the future. The only argument will be when. I like to be conservative and think 3 years. I would guess/hope that is too conservative.

VeriSign Drops on U.S. Plan to Give Up Internet Address Control Apologies if this has been commented on, but the announcement over the weekend to internationalize ICANN makes the case for Verisign buying another operator pretty compelling. http://www.bloomberg.com/news/2014-03-17/verisign-drops-on-u-s-plan-to-give-up-internet-address-control.html Once Verisign stops their current anti-gTLD campaign that will probably be the sign they are shopping around. Atb

Bonum – good call on the asset raising. I was hoping for debt but I guess that will come in the future. I certainly enjoyed this asset raising at 12p a lot more than the one for USD10m at 6p. Macgaz – I’ve watched those videos also, as you say well worth the watch. The bit about the “finding an individual” comment – made me think it was not a company (like for example Yahoo/Tumblr) so maybe my guess is wrong. The videos and various comments on gTLD websites make me believe that the private auctions are gaining traction. Today’s RNS alludes to that also (only mentioning private auctions) but maybe I am reading into that. Any move to more private auctions is clearly a positive at the margin. I think we will both have to raise our estimated names from approx 35 to around 45 names? I know others on the board seem to want us to bid for names like blog. As I have always said I prefer to go for the high IRR names not the names with a lot of competition, which I suspect will go for too high a valuation at auction and potentially lower the returns. But with this asset raising there will likely be a high level of speculation on what marquee names we may get… and AIM shares tend to like speculation. A year or two ago there was plenty of question marks over the financial viability of the company, the business plan and the ICANN process - all of that has been removed now and there will only be questions on which gTLDs, number of names sold and revenues. Wildly conservative estimates point to a share price higher than today’s in 3 yrs time. GLA.