Sex.com Auction May Not Take Place!!
 

Received the following from Sedo by email:


Sedo just learned that an Involuntary Chapter 11 petition has been filed against Escom, owner of the Sex.com domain name.

This could mean the scheduled foreclosure auction of the domain, Sex.com, will not take place tomorrow as previously planned.

Sedo will keep you informed of any further updates regarding this breaking news.

For more information please reference the official press release below:

Involuntary Chapter 11 Petition Filed Against Escom, LLC - Owner of the Sex.com Domain Name

Woodland Hills, California - Creditors of Escom, LLC ("Escom") today filed an involuntary Chapter 11 bankruptcy petition against Escom in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).

Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings previously scheduled for March 18, 2010, which petitioners believe would have diminished the value of Escom's assets.

I posted the full details here earlier...:winkwink:

http://www.gfy.com/fucking-around-and-business-discussion/958986-sex-com-auction-cancelled.html