The name portfoliocomms.com was owned by Portfolio Metrica in the UK. Its new owner claims he was able to purchase the name because Portfolio Metrica failed to pay its renewal fee. This is disputed by the company, which says it did not receive any renewal notice. However, its domain name registrar has gone out of business - raising the possibility that renewal demands may not have been forwarded to the company, which flags up a real risk for any web site to consider.
The auction carries the following message from the seller:
“We acquired this domain name because some Company in the UK does not understand IT or just does not wish to accept they lost it… Were not Squatters and were definitely not people who enjoy this sort of dispute... Since there is no U.S. TM and as far as were aware there is no UK TM rights to this domain. Maybe we can at least get our money back. As TheRegister.co.uk says its not that great of a Domain. Watch for these other domains of theres which were unpaid as of Tuesday. Maybe they will get a clue and pay for them.”