There have been more warnings issued about Poetry.com than ANY OTHER comparable entity. One of the biggest and best known scams around. When in doubt about a particular publisher or agent or contract issues, check it out with one of the "watchdog" entities - best ones I know of is (as you all know!!) Preditors & Editors AND Writers Beware. There are lots of others.

http://sfwa.org/beware/general.html#Poetry

If you scroll down this page from the Writers Beware website until you get to the paragraph on Poetry.com you can get the "scoop" !