"Based upon the Company's current financial condition, as discussed above, and without the infusion of additional capital, management does not believe that the Company will be able to fund its operations beyond the end of May 2008."
I read the rest of the 10-Q, which reveals that .TRAVEL is in no immediate danger of going away. The registry is owned by an entity called Tralliance which is in turn owned by a company called theglobe.com, which was the fluffiest of dot.com startups and has in the past decade burned through $300 million in a variety of unsuccessful lines of business. For the past several years the controlling shareholder has been Michael Egan, who made a large fortune in the car rental business. It appears that .TRAVEL generates about $1.5 million per year in revenue, which should be enough to keep it going just fine if they cut down on whatever is costing $200K/mo in administrative overhead, which shouldn't be hard. So the plan is to sell Tralliance to a private company held by Egan in return for cancelling all the debt from Egan's prior cash infusions, and a 10% claim on future revenue. Why, you might ask, would they do this? Because theglobe still has over a million dollars in unpaid bills from former lines of business, notably their Voiceglo voip phone service. This unhooks Tralliance from all of the debt, and the 10% of revenue will trickle money out to theglobe's creditors who will presumably decide that getting something from the trickle is better than forcing them into bankruptcy and getting nothing, since Egan's debt is probably senior to theirs. So it's not a particularly noble situation, but it looks like .TRAVEL will survive to fail another day. I agree with Danny that ICANN should still be working on registry failover plans, because if Egan ever loses interest, Tralliance could collapse in a matter of weeks. Regards, John Levine, johnl@iecc.com, Primary Perpetrator of "The Internet for Dummies", Information Superhighwayman wanna-be, http://www.johnlevine.com, ex-Mayor "More Wiener schnitzel, please", said Tom, revealingly.