[larrys]

The bottom line when evaluating whether to purchase this or not would involve doing due diligence and contacting the paying customers at the very least to determine how satisfied they are with being listed there.

The site is using auto-renewal billing and having someone not cancel is not the same as someone finding value in the service.

Also even though they would like to get $480,000 they should also invite any offers above $X. If nobody bids at $480,000 they will have to try to sell it at a lower price and it will seem like a fire sale.

[jasonfried]

"If nobody bids at $480,000 they will have to try to sell it at a lower price and it will seem like a fire sale."

It's not being sold for a lower price. It's $480,000 by July 1 or we close it down.

[shasta]

And they kill the puppy. Tell him about the puppy.