nate: I liked Ferrit and am disappointed to see it close. I liked the fact you could shop from multiple stores, pay at one checkout and receive all the goods in a couple days. Certainly saved me battling the ridiculous Christmas shoppers and carols.
My query is why did they not sell it to the highest bidder? Some $$ is better than none, I'm sure someone would've been keen to buy it out.
What was there to sell? Telecom staff? Legal contracts between Telecom and retailers that would probably need to be trashed and re-negotiated from scratch? A web property that really wasnt that special?
Nothing that anyone else couldn't do if they really wanted to...