I just learned that Banks.com, a company that is publicly traded on the American Stock Exchange under ticker symbol BNX, has entered into a “sale-leaseback” agreement with domain financing company, Domain Capital.
It appears that Domain Capital financed the Banks.com domain name for $600,000, and Banks.com is required to make monthly payments of $14,273.96 for 5 years. With interest, the total amount Banks.com is required to pay over the course of the agreement is $856,437.60.
James Iles reported in July of 2020 that he dug up the exact price that IRS Inc. paid in 2006. The price was $1.3 million.
Around the 12 min mark, the interviewer asks about price. Chris declined to give the price he paid. He noted the asking price was over $2 million but under $5 million.
He was then asked if he would sell for $5 million today? He answered no.