> If this is the case.. the domain foamy.com is in 'reg-lock' how is the 
> domain still running it's DNS settings. 

registry-lock means that the registar of record and authoritive
nameservers cannot be changed in the registry.  

> If the rightfull owner of this 
> domain is not yet resolved how is it possible that one and not the other 
> is make money of a disputed name. Shouldn't all domain in dispute be taken 
> down for the deliberation of the case. WIPO or Court case.. which ever may 
> be the case...

That would make it real easy for your competitor to shut down your website
and force you out of business.  They could just file a dispute against
your legitimate domain and shut you down.

The system is innocent until proven guilty.



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