Reglikedomain industry desk

J. Carlo Cannell still isn’t very happy with Rightside — Yeah, so

Cannell is ready to step up his fight against Rightside.

So Rightside (NASDAQ: NAME) sold eNom to Tucows. What does investor J. Carlo Cannell think?

As you might expect, he’s kind of pissed. But his rationale is a bit odd.

You might recall that Cannell (who owns regarding 9% of the firm through his funds) wrote a nastygram to the firm regarding a year ago. In that letter, he stated Rightside ought to stop focusing so much on subpar fresh top level domain names. Instead, it ought to focus on its registrar business and pull everything in under the eNom brand.

Now that eNom has been sold, Cannell is stuck holding a firm that’s even more focused on fresh top level domains than ahead of. Yet, in a press release he issued this stretch, he writes:

“NAME’s January 20, 2017 decision to sell eNom to Tucows (“TCX”) for net proceeds of $76.7 million marks a step in the right direction – but little more than a band-aid.”

Wait–so he’s happy they sold off eNom?

Well, he does say he’s not happy with the price nor the advisory fees the firm paid.

Cannell is starting a group called “Save NAME Group” as part of his activist investor campaign.

If you want to contact Cannell, just go to this domain name:

concernedrightsidegroupshareholders.com

That’s quite a domain name.

Perhaps Rightside.gripe is a better selection. .Gripe is a fresh top level domain name that runs on Rightside’s registry platform.

Also on the wire

Other reporting from the domain desk.

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