Yesterday DomainNameNews.com, reported on Godaddy dropping DBS Domain Distribution Network from its system.
Domainnamewire.com just published a blog raising some excellent points how Godaddy’s action is going to effect DBS, very negatively
Here is another subtainial problem for DBS, there shares aren’t trading.
No the stock is still listed on the Australian Stock Exchange, but there are simply no trades taking place.
As far as I can see the stock hasn’t traded a share since July 6th.
Today is July 17th.
The “ask” price, which is the lowest price that a seller is willing to sell shares for is currently 14.5 cents, however the bid price, the highest price that any buyer is willing to pay for shares is at 7 cents.
And not one buyer or seller has been willing to meet in the middle in almost 2 full weeks.
That is a problem for a public company and its investors and a huge opportunity for a third party to acquire the company.