I went ahead and contacted the site and got this response:
"Thanks for your questions, we were originally compensated in stock to build and operate the site. We were, unfortuntely, unable to sell any shares to pay our overhead and instead have been coming out of pocket. We regret that we were never able to truly bring the site out of "Beta" as the back end of the site is quite sophisticated with a lot of customization options, instead we worked for free on no budget without the necessary tools to complete the project.
As I'm sure you, as a shareholder, understand, the shares we own have no true value as there is no market for the stock. As we have not had any cooperation from the company in over 6 months, we have decided that we no longer want to be associated with them in any way and we have withdrawn our shares from the market and will be moving on.
Good luck in your future investments.
Regards,
Newbid staff"
