My first thought when I read that was "What the HELL? This guy's a frakking moron!", but then I started thinking about it. If he's making money off of it, then it probably wasn't such a bad investment in the first place, but only if he makes a profit will it do him any good.
But still, who spends $330,000 on something that doesn't exist?! No matter how much you try and weigh the benefits, it still comes out to being a very stupid purchase.