"... When Auctomatic began negotiating, it put its efforts for a second funding round on hold—and just about ran out of money. ..." Why did this happen? As f

"... When Auctomatic began negotiating, it put its efforts for a second funding round on hold—and just about ran out of money. ..." Why did this happen? As for the sale, well I think the decision not to hold out showed good judgement, an appreciation of the current credit squeeze. Is it always worth to hold out for "double" or nothing? Only time will tell if eBay market will be hit by the downturn. Is there any reason another startup in this area could not try a similiar tack?