Why I Voted to Sell .ORG
ISOC CEO does not consider the public reaction or petition significant.  He stated that a mere 10,000 signatures when there are millions of .orgs indicates lack of public concern or any serious opposition to the deal.<p>Ethos Capital paid $1.135 billion for total, unconditional, purchase of the PIR from ISOC.<p>ISOC just "grabbed the opportunity when Ethos presented it,"<p>ISOC have reviewed Ethos’s governance plans and approved them, but will have no means to enforce compliance with those plans.<p>The deal must be approved by the end of the 1st Quarter 2021 or it fails.  The exact date is still confidential.<p>It must be approved by two bodies – ICANN and the Pennsylvania Orphans Court, which is a specialist court for estates and trusts.<p>The PIR is incorporated in Pennsylvania and this court must approve changes in the PIR charter in order for Ethos Capital to take ownership.<p>This is because “the Orphans’ Court judge is the ultimate defender and protector of the fund in question, and the Orphans’ Court will protect that fund and ensure that the fund is distributed to the correct beneficiary”<p>There is a good introduction to this court at <a href="https://www.skhlaw.com/pennsylvania-orphans-court-101-all-the-basics-you-need-to-know-before-venturing-in/" rel="nofollow">https://www.skhlaw.com/pennsylvania-orphans-court-101-all-th...</a><p>This means that if the Pennsylvania Orphans Court has not reached a determination by 1st April next year, or if that decision is being challenged in a manner which delays implementation, the deal fails.