What's up with 24hBids?

This is from yesterday. 24hBids announced they are closing down. Here is the mail that members received:

Hello 24hBidders,
I am very sad to say that we lost our investors at 3 PM EST today and this will force us to close down.
We ask everyone top lease use the bids that you have remaining in your account before 11 PM EST on December 23rd.
I apologize and am very sad to share this information with you all, and if you have any questions please email me (it may take me 24 hours to respond as I have a lot of work to do due to this unfortunate news.

Sincerely,
John
www.24hbids.com

That wasn't too much of a surprise all by itself. Not every penny auction becomes Quibids. However, within an hour, the mail changed and members got another mail:

Hello 24hBidders,
I´m sorry about the last email.
24hBids is not closing, but instead I am qutting my job of running it.
The investors will continue running the site as they wish.
I am leaving the office now and will not have access to my email account any more.
I will be on thebidlounge soon and make a post in the forum.

Sincerely,
John
www.24hbids.com

That was odd. Doesn't help with the confidence of the bidders and members. This is either a great time to bid there or a very terrible one. They are having a promotion this Thursday to Sunday for discounted bids, if anyone is interested. I suppose it is to stem the exodus of members scared of the previous mails.

What are your thoughts?