George Kirikos uncovered two six figure domain name sales and a large .Club domain name sale. The domain names were acquired by a company called Farmhouse, Inc. The company trades under the OTCMKTS ticker symbol FMHS, and the domain name acquisitions were reported in the company’s S-1 filing with the US Securities & Exchange Commission.
FarmHouse reportedly acquired Extract.com for $300,000, Blunt.com for $125,000, and Weed.Club for $30,000. Here’s George’s tweet from this morning:
Blunt(.)com & Extract(.)com domains acquired for $125,000 & $300,000 respectively by FarmHouse, according to page 53 of the SEC filing at:https://t.co/gFlALiGgyM
Both domains were paid for in stock of an OTC company, rather than cash, so might not be charted by @DNJournal
— George Kirikos (@GeorgeKirikos) May 16, 2020
Here are the details pertaining to these three domain name acquisitions from the SEC filing:
“During the year ended December 31, 2019, the Company issued 187,500 shares of its common stock valued at $1.60 per share (the current fair market value of the stock as calculated by the last price direct equity was sold by the Company) for the acquisition of the website domain Extract.com. The transaction was valued at $300,000.”
“On March 3, 2020 the Company issued a total of 125,000 shares of common stock to an individual for the purchase of the domain blunt.com. The fair market value of the shares issued was $125,000. The shares were issued under Section 4(2) of the Securities Act of 1933, as amended.”
“During the year ended December 31, 2018, the Company issued 30,000 shares of its common stock valued at $1.00 per share (the current fair market value of the stock as calculated by the last price direct equity was sold by the Company) for the acquisition of the website domain Weed.Club. The transaction was valued at $30,000.”
As George mentioned in his tweet, it appears that the domain names were purchased with stock rather than cash.
It looks like the acquisition of Extract.com was in 2019. If Ron Jackson adds it to the 2019 domain name sales report, it would rank as the 22nd largest sale of the year, tying the sales of Joyride.com and NCC.com.
It looks like the $125,000 sale of Blunt.com occurred this year. If confirmed by Ron, it would rank as the 13th largest sale of the year, tying the sale of Live.Chat.