hmm... quite fishy as well... means u have to bid at 11:59:57 or 58 or 59 if u want to win the bid... i know they're not making direct profit from the bid, as the bidders who didnt qualify didnt have to pay a single cent.. but they are getting some sort of web traffic through this bid...
if ur claims are true, i would like to say good job in exposing them.