WWW . TEL . COMMUNITY - The .tel domain forum

Welcome to the Tel.community.

You are invited to participate in the growing .tel
community!

To take full advantage of everything offered by
our forum, please log in if you are already a
member or join our community if you're not yet.

The registration at TelTalk.org is free and easy!

Thank you for participation!
WWW . TEL . COMMUNITY - The .tel domain forum

Welcome to the objective forum for .tel domains! Read it first when anything is happening with .tel!

Please join the LIVE CHAT for all REGISTERED members at the bottom of our forum!

Did Telnic / Telnames file for bankruptcy?

Share
avatar
4444
Senior Member
Senior Member

Join date : 2013-07-21
Posts : 422 Points : 10918
Reputation : 231
Warning level : 100 %

Did Telnic / Telnames file for bankruptcy?

Post by 4444 on Tue 30 Sep 2014, 6:36 pm

Is this true?

Expert wrote:The only logical explanation is that Telnic is in administration!

http://www.teltalk.org/t1702p16-countdown-to-zero#10981
avatar
josh.
Advanced Member
Advanced Member

Join date : 2013-05-15
Posts : 55 Points : 3203
Reputation : 60
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by josh. on Tue 30 Sep 2014, 6:45 pm

Now we have assurance why ICANN didn't act on this:

http://www.teltalk.org/t559p112-icann-complaint-against-telnames#10645
avatar
ixida
Senior Member
Senior Member

Join date : 2012-07-05
Posts : 263 Points : 7533
Reputation : 115
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by ixida on Tue 30 Sep 2014, 6:52 pm

How long can we keep our registered .tel domains?
avatar
Tim Spears
Senior Member
Senior Member

Join date : 2012-09-21
Posts : 345 Points : 10345
Reputation : 260
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Tim Spears on Tue 30 Sep 2014, 7:17 pm

No surprise to anyone!
avatar
FrankW.
Senior Member
Senior Member

Join date : 2012-10-08
Posts : 261 Points : 9243
Reputation : 133
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by FrankW. on Tue 30 Sep 2014, 7:24 pm

Another record by .tel: the first bankrupt registry ever!
avatar
Sunrise
Insider
Insider

Join date : 2012-08-10
Posts : 736 Points : 19689
Reputation : 540
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Sunrise on Tue 30 Sep 2014, 7:26 pm

avatar
mikeseaton
High-Flyer
High-Flyer

Location : Dorset UK
Join date : 2012-06-11
Posts : 2225 Points : 45275
Reputation : 836
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by mikeseaton on Tue 30 Sep 2014, 7:39 pm

Assuming the "Administration" conclusion for Telnic/Telnames is correct this link may answer some questions - http://www.pwc.co.uk/business-recovery/administrations/brs-admin-faq.jhtml

Here's an interesting section:

Q - What is a pre-pack?

A - A pre-pack is a shortened form of the phrase “pre-packaged administration”.  A pre-pack is a deal to sell the assets of a failed company, which is agreed prior to the insolvency, and is then usually completed almost immediately after the appointment of the Administrators.

It can be the best way of preserving value for the business, creditors and shareholders.  If a business enters administration it may result in disruption, uncertainty and a real certainty that the business would cease to operate, meaning losses to all stakeholders.

A pre-pack transaction can mean a smooth transition with enhanced realisations for creditors and the preservation of value for goodwill and the brands of the business.

If a pre-pack is applicable in an administration where you are a creditor, you will be sent information on why the pre-pack was used when you are notified of the appointment.

http://MikeSeaton.tel


___________________________________________________
Domain Sales: Sedo
eBay Shop: Mike 321 UK
Search Engines: Web | Video | Facebook | Google+ | Pinterest | Tel | Twitter
avatar
di7
Advanced Member
Advanced Member

Join date : 2013-09-24
Posts : 184 Points : 6056
Reputation : 104
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by di7 on Wed 01 Oct 2014, 4:38 am

It only happened what forum readers were aware of for a long time.
avatar
Holstern
Newbie
Newbie

Join date : 2014-06-10
Posts : 19 Points : 1674
Reputation : 31
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Holstern on Wed 01 Oct 2014, 5:17 am

Due to the misconduct of Telnic there was no other way than into the insolvency.
avatar
Expert
Insider
Insider

Join date : 2012-08-10
Posts : 522 Points : 12560
Reputation : 351
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Expert on Wed 01 Oct 2014, 5:29 am

For those who are interested in how it goes on now:
ARTICLE VI Termination Provisions

Section VI.3 Bankruptcy. This Agreement shall automatically terminate in the event Registry Operator shall voluntarily or involuntarily be subject to bankruptcy proceedings and such proceeding is not dismissed within sixty (60) days.
https://www.icann.org/resources/unthemed-pages/tel-agreement-2006-04-07-en
avatar
x1y2
Advanced Member
Advanced Member

Join date : 2013-07-12
Posts : 140 Points : 4905
Reputation : 89
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by x1y2 on Wed 01 Oct 2014, 8:20 am

This is a very interesting case. It's the first time that a registry goes bankrupt! It will be a good role model for the new gTLDs when some of them don't sell enough domains and get financial troubles, too.

So we should watch closely what will happen to .tel during the next months.
avatar
Sunrise
Insider
Insider

Join date : 2012-08-10
Posts : 736 Points : 19689
Reputation : 540
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Sunrise on Wed 01 Oct 2014, 12:36 pm

All-clear!
Telnic / Telnames isn't yet insolvent.
Mike explains it here:
http://www.teltalk.org/t1733-telnic-pulls-a-cunning-move
avatar
4444
Senior Member
Senior Member

Join date : 2013-07-21
Posts : 422 Points : 10918
Reputation : 231
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by 4444 on Wed 01 Oct 2014, 1:33 pm

It doesn't change Telnic's financial situation. If Telnic needs to work with accounting tricks, Telnic has no chance to survive anyway.
avatar
4444
Senior Member
Senior Member

Join date : 2013-07-21
Posts : 422 Points : 10918
Reputation : 231
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by 4444 on Tue 17 Mar 2015, 10:40 am

avatar
Expert
Insider
Insider

Join date : 2012-08-10
Posts : 522 Points : 12560
Reputation : 351
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Expert on Tue 17 Mar 2015, 3:46 pm

avatar
Expert
Insider
Insider

Join date : 2012-08-10
Posts : 522 Points : 12560
Reputation : 351
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Expert on Tue 17 Mar 2015, 3:51 pm

Although it's obvious that Telnic has serious financial problems, for the time being it's only speculation that Telnic is bankrupt!

However, due to Telnic's shrinking revenues it can't last long until then anymore.
avatar
Holstern
Newbie
Newbie

Join date : 2014-06-10
Posts : 19 Points : 1674
Reputation : 31
Warning level : 100 %

Re: Did Telnic / Telnames file for bankruptcy?

Post by Holstern on Wed 18 Mar 2015, 7:34 am


Sponsored content

Re: Did Telnic / Telnames file for bankruptcy?

Post by Sponsored content


    Current date/time is Fri 24 Nov 2017, 7:49 am