We don't run any auctions and the bulk of our portfolio was acquired on the open market as part of corporate acquisitions (i.e. we bought businesses that owned their own large portfolios). Cybersquatter? I'd love to know how you are defining that term. Usually reserved for scumbags that sit on other peoples trademarks, I can assure you that Tucows is not cybersquatting. If you mean have registered a domain name you want before you thought of it, then... well, tough. We're actually using the vast majority of the names we own as part of our premium email business, etc. These aren't just parking pages etc.