In October DNN.com reported the acquisition of popular pending delete domain name service JustDropped.com by Rob Monster of Epik, LLC.

Now, let’s fast forward to today. I recently had the opportunity to speak with Dan Rubin of JustDropped.com during the last South Florida domainer meetup and he informed me that the sale never went through. Dan informed me that Epik failed to make their first purchase payment which was due January 15th. With failure of the first payment Epik voided their purchase agreement.

Dan and I did not get into all the details of the sales agreement, but one fun piece of information I was able to get was the purchase price would have been seven figures.

Rob Monster had the following response when I emailed him.

“JustDropped.com is a solid business and Dan Rubin is a quality guy.  At the same time, Epik is a complex company that operates in an ecosystem model which requires cooperation across business units.  Our deal with JustDropped was structured as an option. Our hope was to verify the synergies during the first option period and then either maintain the option or trigger the purchase at a price that was negotiated in advance. Dan remains a shareholder of the company and we continue to explore ways to collaborate with JustDropped.”