Hi Guys,

It’s a real shame that I have to post this but I believe this is in the public interest.

A while back Ned started a remarketing service on DNTrade which a few people took up. The terms I was offered for Ned’s service was as follows (copied direct from an email Ned sent me) “My standard terms of engagement for each premium domain is a $200 retainer plus 15% commission on sale. I don’t do commission only deals.
If a sale is successfully concluded to any purchaser introduced by us, then a commission of 15% will be payable in addition to the “fee”.”

Note – These are the terms that were offered to me, you may have got a better deal, however in my example I was to pay Ned $200 upfront and then an additional 15% of the sale price. I did not use Ned’s service.

I have copied in below some details listed on this thread - http://www.dntrade.com.au/help-selli...ains-t570.html

First domain that Ned sold was Barcourses.com.au

“Pleased to announce sale of barcourses.com.au for $2000.00.

This was a domain that I marketed on behalf of fellow DNTrade member Cycloptik. Sale will be confirmed on NetFleet tomorrow. The domain was listed on NetFleet, and we got quite a number of bids - as well as a lot of private interest.

In the end it was acquired by a private buyer.

I'm very grateful to Cycloptik for giving me the opportunity. It was a fun project, as well as a huge learning curve!

Sincere thanks also to NetFleet for providing the forum to help sell the domain.

Cheers, Ned”

REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA

The second domain that Ned sold was MortgageBrokers.net.au:

“Have just completed sale of mortgagebrokers.net.au for $2000.00 for a fellow DN Trade member. It was a good campaign!

Thank you very much to Seller and Buyer. Great result all round.

Cheers, Ned”

REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA

The third domain that Ned sold was thecomputerguy.com.au

“Have also just completed sale of thecomputerguy.com.au for $750.00 for a fellow DN Trade member. This was a slightly tougher campaign, but we got there in the end!

Thank you very much to Seller and Buyer - I appreciated your business.

Cheers, Ned”

REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA


NOTE – THE ONLY DOMAINS THAT NED REMARKETED FOR SOMEONE WHERE THERE WAS A DIFFERENT PURCHASER OTHER THAN D0MA1N SYND1CATES PTY LTD WAS A SALE OF SOME GEO’S TO DON (these are the only ones listed on DNTrade)

As Ned is the new owner of these domains he remarketed for some fellow DNTrade members, I started to dig a little further.

Ned once called me to see if I was interested in purchasing “ComputerShops.com.au” which Ned has remarketed for a fellow DNTrade member, the new owner?

REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA

Continuing down this path I have also had a look at the first two domains that Ned has sold through his new venture;

TravelAgents.com.au – sold to Don
Thailand.com.au – excerpt copied from http://www.dntrade.com.au/domain-sal...010-t1068.html

Hi everyone,

This valuable domain was sold prior to auction. At this stage I'm not instructed to reveal the exact price, but it did achieve low $XX,XXX.

The purchaser is developing their domain travel portfolio, and I believe they got a fantastic deal by getting in prior to auction. With the popularity of Thailand, and the number of local searches the name receives every month, this could have perhaps sold for a lot more.

Onwards and upwards!
(POSTED BY NED)

To which I replied?
“Ned,

Did you purchase this yourself?”

To which Ned replied
“The purchaser was from the Albury / Wodonga region, and has purchased quite a few travel related names lately.”

I furthered this by remarking…
“Does this person own D0MA1N SYND1CATES Pty Ltd?

???”

TO WHICH NO REPLY HAS BEEN MADE TO DATE

SO WHO OWNS THAILAND.COM.AU?

REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA

Please also see this post – http://www.dntrade.com.au/were-live-...g-t1069p2.html

I asked this question “And of course clearly noone from 100 Domains will be bidding on these domains either right?”

Ned replied:
“Thought I'd come in here and add a couple of comments to what Jonathan has already said - just so the record is absolutely clear.

The four partners in 100D agonised for ages (on our own internal forum) about whether we should be allowed to buy and sell domains ourselves. After all, we are all domainers, and we like acquiring a good domain name as much as the next person!

The Snap names debacle (plus more local events) caused us to come down absolutely on the side of "no bidding or buying on any of the domain names entrusted to us for auction". As our tech guy, Jonathan has the absolute authority to police this. Importantly, you have our word that this will not happen.

But we did agree that we could sell our own domains or domains that we have an interest in. All 4 partners have some very good domains! However, when this happens, we clearly make disclosure of our interest on the auction listing itself. For instance, have a look at CorporateCaterers.com.au on our website. This has the disclaimer on it. I think we are unique in doing this.

You will see a lot of our own domain names coming on in the next week or so whilst we are in beta mode. We think it is better to test our systems on ourselves. Get ready for some bargains - LOL!

Please PM or email us if you have any questions.

Cheers, Ned”

Let me remind you who the registrant is again:
REGISTRANT – D0MA1N SYND1CATES PTY LTD
SHAREHOLDERS – N. 0’MEARA AND L. 0’MEARA

This has certainly been a bombshell to discover and I do not like to be the bearer of this information, but as mentioned above, I believe it is in the public’s interest to know what I have discovered.

Those that have remarketed their domains through Ned where Ned is the new owner (through D0MA1N SYND1CATES Pty Ltd) have also paid a fee to him for the privilege. There are heaps of questions which stem from this and I would like it Ned if you could please publicly reply to this explaining each situation if you can.

I have not listed any hearsay, other people’s comments made to me in confidence, I have simply listed the facts that I have been able to substantiate. Through means anyone else can use.

I feel cheated and lied to. Had I used Ned’s remarketing service, who would show as the registrant today? Would the domains have been remarketed? Would I have paid Ned $200 upfront and a further 15% of commission for domains he remarketed only to give himself a discount?

I have screenshots to prove all of my claims, you can do your own WhoIs look ups, I can even provide you the screenshot showing who is the shareholders of D0MA1N SYND1CATES Pty Ltd which is on public record.

I also want it known on the record that this post does not reflect any other person related, or in anyway connected to 100Domains. This post is only directed to Ned’s actions, nobody else’s.

There maybe an explanation as to why these domains are showing as D0MA1N SYND1CATES Pty Ltd, there maybe also be a reasonable explanation as to what I have listed in this post.

If there is a reasonable explanation I will be the first to put my hand up and unreservedly apologise for making this post.

I look forward to a reply.

Hi Shaun,

Have you contacted Ned by PM before posting this to ask for an explanation?

Hi Paz,

No I did not make contact with Ned before making this post. Do you think I should have?

SM

I don't think it will make much difference in this situation but in general I believe that in the case that there is a reasonable/valid explanation it's best to give other party a chance to respond out of the public eye to avoid any damage to reputation.

This is up to you though.

I am not taking any sides and this thread will of course stay open.

In all fairness to Ned, he did tell me that he had a shareholding in D0MA1N SYND1CATES PTY LTD when I purchased travelagents.com.au, as I asked him.

I've found him to be honest in all my dealings as I have purchased a lot of domains through his services.

I think Shauns concerns are relevant and I'm sure Ned will put the record straight.

Don

Ah Shaun you've shown your true colours at last! Might I say I and my partners have been waiting for it.

Like how I emailed you on Saturday and queried what you were driving at in regards to your questions about "Thailand". I suggested you pick up the phone (like you have done previously) and ask me a direct question - I'd be happy to answer it. Your reply was that you would do so on Wednesday.

No phone call - just a post obviously designed to try and cause major embarrasment. It would seem obvious to "blind freddy" that you and your backers are intent in causing damage to our 100 Domains venture.

What you obviously don't know Shaun, is that a major part of my business is putting together syndicates of people to buy domains. I have lots of small investors, and I manage a swag of domain names on behalf of other people. This is done via Limited Partnerships under the umbrella of DOMA1N SYND1CATES Pty Ltd. And yes, I do have an interest in a lot of them. I got onto the idea of syndicates last year, and let me tell you they work a treat. It is a bit like a managed fund.

My partners in 100 Domains know that I own D0MA1N SYND1CATES Pty Ltd, and good client's and friends like Don Rankin know this as well. Don knew of my interest in TravelAgents.com.au because I told him when he bought it. He no doubt will confirm this independently.

So let me ask you one question Shaun - who have I hurt? I sold people's domains for them, and got them a price they wouldn't have otherwise got. It's a win/win situation.

I have also sold many other domains to other endusers, and I have lots of happy client's.

Finally, I have no particular desire at this stage to engage in damaging tit for tat stories that only serve to harm our fledgling industry. If you do, so be it.

Cheers, Ned 0'Meara

My 10Cents Worth

SHAUN
Exactly what did you discover?

The publicly accessible records of ownership of D0MA1N SYND1CATES Pty Ltd.
The Public and Freely available Whois Records of various names owned by D0MA1N SYND1CATES Pty Ltd.

Fantastic Detective work.

So Neddy and his partners bought some names that the vendors are extra happy about the purchase price.

SHAUN
What exactly is your HIDDEN agenda for airing this "CLEAN" laundry in public?

.

__________________
For Sale Templates
Sell your valuable Domains

Did you even read the post?!

What he "discovered" was the link between the selling agent and the buyers of domain names.

Does this not raise and ethical issues just because he discovered this using publicly accessible information?

I'm not taking a side or saying whether this link is ethical or not - I really don't know enough about the situtaion, but you seem to have completely missed the point of what Shaun is saying.

You've edited your post so to address the bit you added:

Just because they were happy with the price does this mean no harm no foul? Maybe they could have been extra happy?

Having to pay the 15% fee to the buyer themselves seems a little rough.