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If I registered something like that and someone contacted me (or replied back) with legit proof that it was a mistake letting it drop, I would have given it back and spent 0 time developing it, even throwing a whitelabel on it.
I think there's more to business than quick sales. I would have definitely done whatever I could to get a business partnership with Mark.
I don't know about the cybersquatting rules / laws. But if the domain isn't actually a branded or protected in some way, I guess someone can just register a dropped domain.
It's really up to him how he wants to proceed. Give it back and take a partnership or do some biz (can easily benefit you more than the asking price of $2500). Or sell it or keep trying to sell it, and risk a lawyer coming at you.
I'm definitely not trying to say do this or do that, but hands down, working together surely has its benefits. Especially if it's a member of GFY. Good people are sometimes hard to come by. I love this place though I met so many good reps, hosts, fellow webmasters.
Anyway to either party I hope this gets figured out.
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