WILMINGTON, Delaware (Reuters) – A shareholder of Bible.com Inc sued the company's board members, accusing the ordained ministers of failing to profit from the "goldmine" potential of the namesake Internet property, according to a lawsuit. James Solakian filed the lawsuit in Delaware's Chancery Court against the board of Bible.com for breaching their duty by refusing to sell the site or run the company in a profitable way.
The lawsuit cites a valuation done by a potential purchaser that estimated bible.com could be worth more than dictionary.com, which recently sold for more than $100 million...The company's business plan stated "it is the goal of the board of directors of Bible.com to become very, very profitable," according to court documents. The business was also to be governed in accordance with Christian business principles....Bible.com currently features a crowded mix of advertisements as well as a verse of the day -- "Do not follow the crowd in doing wrong" -- and offers links for Biblical answers to questions on voting and masturbation.
Where do I start? I guess with the fact that Bible.com is being run by people more amateurish than yours truly. I visited the site for the first time today and I'd say James Solakian has every right to be pissed off, he was swindled. I don't know who was in debt to him for 400k but I can assure you that the site as it is now isn't worth more than the $60 I paid for this site. No Alt-Tabs, no angry rants, no life lessons on how to deal with corporate life. Just a quote of the day and a shit load of advertisements. Nothing like the pop-up holograms of Jesus and God, or web-cam chats with the Pope that I was expecting. It's almost like the site took the same vow of poverty that priests and nuns take (well except those rich black pastors, or mega-church quasi ministers)
And who wrote their business plan? "Goal to become very, very profitable" Who in hell (pun intended) approved their loan based on that? 6th grade alter boys could have written a more appropriate business plan. I know you're waiting to see if I follow that up with an alter boy joke. I'd like to but I'm fearful of lightning strikes.
Finally, I can't miss the last line offering links for Biblical answers on voting and masturbation. Simply amazing. A site that could be visible to billions, an unbelievable source of funding for charities around the world, has instead elected to lecture us on jacking off and election rigging. Perfect.
