SmokeyTA wrote:
Except it isn’t, because one ‘bid by’ date passed, and then another was chosen and new bids were made there were even brand new bidders. Its almost like the administrator themselves was in complete control of that process, and if they wanted to accept new bids they could, and if they didn’t they didn’t have to. Its like this arbitrary rule you have invented in your tiny little head never existed and that rules made in the tiny little heads of bitter and angry RL fans don’t bind independent administrators and they are free to negotiate the best settlement as they see fit.
You are demonstrably wrong, what you said couldn’t happen, did happen! The administrator could accept new bids, he did accept new bids.
HTH
There was never an invitation to amend or up bids.
There was a bid process, where a bid was accepted and where the successful bidders subsequently withdrew their bid.
The administrator could have dropped to the next best bid, but didn't. Instead, and quite rightly, he announced a second, totally new bid process.
At no point in that bid process was the opportunity to amend or up bids.
Koukash bid low, thinking he would get them cheap - he gambled and failed and squealed about it in the press afterwards.
He should have bid what he was prepared to pay in the first place.
It was not an auction, where he could gazump another legitimate bidder.
HTH.