Ramp.com is Up for Auction on Ebay.com
March 14, 2008 by Nameclerk
Filed under Domain Names for Sale
Earlier this evening, while reviewing the Domains on Ebay page I noticed a listing for Ramp.com. It's not often that you see a domain of this quality listed on the Ebay Marketplace. After visiting the auction listing I became suspicious for a couple of reasons. One, the seller has a monumental feedback of (2). Second, the rather short auction description states that the "domain name being sold pursuant to court order."
I was gearing up to fire off a question to the seller but decided to check a few of the domain forums first. Namepros.com member Randomo was already on top of it and had received an explanation from the seller earlier today. The explanation reads that Ramp.com is owned by Ramp Corporation which is being liquidated by U.S. Bankruptcy Court for the Southern District of New York (read the full post here).
The little bit of research I did seems to check out as the company does appears to be in financial trouble due to securities fraud and the name Ron Munkittrick, which appears in Randomo's post as the officer in charge of coordinating the liquidation also appears on Yahoo's Ramp Corporation company profile page as the Interim CEO.
Interesting to say the least. Do not take my word for it and please do your own due diligence if you decide to pursue this domain. Ramp auction link (aff) below:
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Real thing is the domain is worthy. but as the concern faced bankruptcy in securities. It has damaged the reputation of that domain. the situation is ” just get rid of this ” like that i think
Think a while fund.com sold for 10 millions. But situation of ramp is in reverse
Best Regards
@B.K. In my opinion, this might matter if the new owner develops the site within the same vertical. When I look at this domain, I think of extreme sports.
I find it interesting that the seller won’t consider escrow.com for this size transaction.
Ramp.com ended up selling on Ebay for $25,211.00. The ebay buyer, discountramps, appears to be an end user who sells various utility and vehicle ramps.