Rick Latona Puts Digipawn Up For Sale
 

Sorry if this has already been posted

http://www.ricklatona.com/2011/04/13...nquiries-only/

Has anybody using digipawn have any more information?

camgirls.com rip.

Perhaps he should pawn it to digi... oh wait

if he need he can pawn to me for 50% interest per day

interesting

countdown to camgirls meltdown thread

buuuuhahahahahahhahahahahahahha

$180 pay pal

~Ray

So if i buy it, will i get ownership of camgirls too LOL

$5,000. cash .....

.

i sent graham andrew cooper a telepathic message he should be here soon.

would be worth it.

Rick is one smart hombre.

very interesting indeed:thumbsup

Oh CamGirls.

Good luck with the sale Rick!

saw this coming!

Rick Give Me Back CamGirls.com

Oh it's been sold to another pawnshop, ask them!

Lucky I kept the paperwork...

would be a great purchase for Streamates Limited.

Even the pawn brokers are pawning.

lol yeah i am sure he just forgave the debt and gave the domain back to you.... suurrrrre. :1orglaugh:helpme

If Rick got camgirls.com what does he need any other domain for? He'll be richer than ever. And not have to do anything. Just the domain itself will make millions!!

^^^ :1orglaugh:1orglaugh:1orglaugh

wait so camgirls pawn wasnt paid back? LOL :(

I don't understand why Rick would sell, just give it a couple more months and Graham is going to default on the loan and Rick would get the domain. Why wouldn't you wait for that to happen. It's going to happen, 2,4,6 months max, this fool will miss payments.

The camgirls.com interest payments are only 20% of income.

http://hercshome.com/bank.png


Although I do see the merit in paying off the capital asap!

Interesting, I wonder why he's trying to get rid of them.

You are only paying interest? I don't think there is any way you will ever get the domain back if you are unable to pay the principal right now.

Every venture he starts seems to fail though.

lol camgirls.com is in his hands? Owned.

And thus the chapter in which some Aussie chap owned camgirls.com ends.

There's money in failure ...

seems like rick is going lean. he closed shop on his auction business and now is selling digipawn.

you will never get it back, EVER.

Latona is a weird ass fella. Something is up with him, prob something very interesting; please Rick, write long tell-all post on your blog or here. A couple of years ago Latona was THE man when it came to domain selling. Even Rick Schwartz and his sidekick Neu swallowed their pride and inserted their heads deep into Latonas anus looking to make the big bucks.

I understand that Latonas auctions, particularly live auctions were huge money losers. But why not go back to his simple daily emails. Surely he was making a few grand a day from that. And why sell Digopawn and Digiloan, those would have to be cash cows also.

I also want Rick to come clean and say how many Filipino elfs he has working for him designing minisites and spamming whois. Please write tell-all book about your life Rick.

may be it wasn't profitable?

I agree big time, keep it simple stupid. I used to pay domains from that list all the time, then these stupid auctions started and the first one was popular and the rest were a waste of time. I stopped buying after that.

The "merit" is piece of mind and security. Since all of your income is made via that domain, then why risk paying it off slow? If something happens to you, your site, you can't buy advertising, something happens between you and streamates (god knows you pushed that one several times), and you get in a money bind, miss payments then you fucked.

The smart thing to do is to pay it off as fast as you can. So, you do the opposite :thumbsup:upsidedow


Looks like your sales have been going down. Back in the park for you again soon ?

not making interest only payments :warning:warning:warning:warning:warning

adapt or die :2 cents::thumbsup

yeah Rick probably selling just because of this camgirls site, crazy but I bet he makes more with that than all the years he has been running it lol...

like a big fish was finally caught. ouch.

nah, I am sure it was SOOOOO profitable. He's just too busy and wants to give away that money making opportunity. :1orglaugh

I once wanted to finance a great domain through them, would pay 40% down, but it was turned down to my surprise. I am wondering how many domains did they actually finance, probably it was mostly domains they sold through newsletter, but most of them were not good anyway.

Camgirs is different, he sold it for 350k than took it back in pawn for only few k only probably.

Income is steady at $2000pw

Next 4 weeks pays, last pay has 1 projected day (%)


I could cut 36% pa interest by paying Rick back on the capital.

Obviously I can make more than 36% pa returns advertising CamGirls.com

Advertising will get the loan paid back in 1 lump sum by the end of the year. :thumbsup

2k per week but yet you have to beg programs to pay you early so you dont have to live in a park?

something obviously is wrong here.

if you cant afford to pay rent while making 8k a month, you need to rethink your daily spending.

thats if you really are making that. since no program owner will come forward and verify you as an affiliate.

he should stop fucking high priced escorts lol

The Streamate guy in another thread warned cam girls because he does decent with them and it's growing. He has to be doing somewhat well for SM to put up with all that shit.

And then the bank statement ... Look at the size of the withdrawals. I think we want to believe no one can suck at money management this much, but he does.

Don't mention my name again if this is the repsponse I get.

Streamate was BEHIND 2 weeks pay.

Where do you come up with so much BS.

Yes $2K a week after a long time in the red, you can't suddenly start a nest egg on $2K.

Good advice! :thumbsup on the surface of it...

Sounds like "famous last words" to me. Just like your other plans that never turned out as you thought. You should learn to take the safe route, but then again if you did that you wouldn't be going bust all the time and ending up in the park sleeping on a bench.

So you say income is $2k per week which makes interest being $400 per week.....

You quote interest at 36% per annum so I will guess you are paying 3% per month and have just multiplied it for annual?

So $400 x 52 weeks / 12 months = $1733 per month.....

so $1733 would be 3% of about $58,000.....

That would mean that you pawned camgirls.com for less than $60k ?

I hope you at least enjoyed that $60k, and didn't use all of it to support traffic buying for a domain that you paid $350k for its type in value?

I am sorry mate but it really does seem like you are fighting a losing battle here. Simple maths. If it was me I would be listening to offers that enabled me to come out of this with something.

Dont know why but i kind of like camgirls dude, Hit me up if you need anything :)

So how would you value something like this?

Based on value of loans given out? based on a multiple of interest income receivable on current loans? based on value of domains holding as security?

I would imagine some kind of a combination. Considering loans could end up being defaulted upon with interest income ceasing and loan principal not being repaid forcing a sale of the asset at an unknown price OR the loan could be paid off in full one day after the sale, meaning a cash lump comes in but no future income.

You would probably need to look at each domain loaned against and make assumptions on an individual basis.

Certainly one of the more potentially interesting domain sales in my opinion....