rencke - 6:01 pm on Mar 6, 2002 (gmt 0)

>Plus he apparently had paid much more than what was "bid" at ebay...

Not neccesarily. It could also be a fraction of the "bid". In Sweden, the receiver appointed by the court of law is obliged to accept the best price he can get for the assets of a bankrupt company. And there can't have been many buyers for Euroseek's software, trademarks and sites. Perhaps just one. In which case fabulous deals can be made, like buying useful stuff at 1 cent on the dollar or less.

Other than generating interest, it occurs to me that the purpose of the e-bay thing might have been to generate a new - higher - value for the balance sheet. It is a well known technique, when you want to beef up assets. Buy and sell via auctions.

One thing pussles me: The site is not up. There must have been an enourmous amount of hardware on sale here, but perhaps he didn't buy that.