SEEK(.0002) ~'becoming a holding Company'~ Updated DD!
After 3 years of silence SEC 8K out on April 05, 2017:
1)On March 27, 2018, the Company entered into a global settlement agreement with one of its debt holders to extinguish approximately $556,000 of its debt in exchange for the transfer of 21 domain names and a reciprocal release. This debt is now Paid in full. No shares were issued in this transaction.
So The company is paid in full $556,000 debt by exchanging 21 domain names WITHOUT dilution!!! ----------------------------------------------------------------- 2) SEC filings shows how many domain names the company owns:
As a local search company, Internet domain names for our websites are crucial to the success of our business. We own over 2,000 domain names, including:
THE COMPANY says that it owns 2,000 DOMAIN NAMES!!! how much are they worth? We do not know. April 05, 2018 SEC filings says that 21 domain names are worth 556,000 American dollars!!! The Rest how Much does it worth? I guess millions! Because the company paid for some domains 2.1 million dollars in 2013. -------------------------------------------------------------------
We know AMAZON.COM is a domain name. It is worth hundreds of billions of dollars with great business model.
I believe http://www.thedirectory.com/ is a very valuable domain name as well. But It depends on company's business plan. The company says:
3) WE'VE CHANGED OUR BUSINESS MODEL FOR 2018.STAY TUNED....... We're becoming a holding Company. We'll be focused on seeking out new opportunities in Technology and Emerging Markets......
http://www.thedirectory.com/ -------------------------------------------------------------------- 4) SEEK Owns 60% of UCSO shares
SEC FILINGS: On March 10, 2017 we agreed to acquire a domain portfolio via an assignment provision of an amended asset purchase agreement entered into between TheDirectory.com, Inc. and Domain Sales & Leasing, LLC (Originally dated August 7, 2015) in exchange for assumption of a previously issued promissory note in the amount of $425,000. As part of the agreement we also agreed to issue to TheDirectory.com, Inc. preferred shares reflecting 60% ownership interest in our Company.
The Value of SEEK shares from UCSO when shares was trading at 30 cents it was worth about 10 million dollars. -------------------------------------------------------------------- 5) The company is active and good standing from UTAH gov. registration..
THEDIRECTORY.COM, INC. Update this Business
Entity Number: 838024-0142 Company Type: Corporation - Domestic - Profit Address: 15100 HUTCHISON RD STE 125 TAMPA, FL 33625 State of Origin: UT Registered Agent: RONALD P HARRINGTON Registered Agent Address: 440 EAST 400 SOUTH STE 200 SALT LAKE CITY, UT 84111 View Management Team Status: Active Purchase Certificate of Existence
Status: Activeas of 08/29/2017 Renew By: 06/30/2018 Status Description:Good Standing The "Good Standing" status represents that a renewal has been filed, within the most recent renewal period, with the Division of Corporations and Commercial Code.
SEEK run from .0001 to .0048(4,800%) in 2010. SEEK again run from .0001 to .0077(7,700%) in 2013, 2014, 2015. Again started from .0001 in 2018, expecting to run because of new updates from the company's website and SEC 8K filings.