New dotcom contract

[domaingenius]

Interesting read;
http://www.theregister.co.uk/2006/01/30/icann_verisign_new_contract/

Does this mean that we cannot now try to catch .com domains and must instead buy them from Verisign ????????

DG

 

[texidriver]

"[Under the new agreement, VeriSign will seize control of all expiring domains and will be entitled to sell them through its own system - keeping 10 percent of the proceeds."

But of course VeriSign could not sell the domains for valuable consideration in excess of their documented out-of-pocket costs directly related to the domain name.

Right?