Back in 2013 there were 35,000 members and Legal Beagles was allegedly going to be sold for £35 million. No idea whether that was an alleged offer or an alleged valuation or an opium dream but that was the rumour being spread by the owners themselves.
In 2015, when there were 70,000 members, the Beagles allegedly turned down an offer of £7 million, or that was how much the site valuation was. As usual, it wasn’t clear, but that’s what the two articles state.
While the number of members doubled in those two years, the alleged valuation was just one fifth of the one from the time when there were just half the number of members. Obviously none of this would be relevant if the whole thing was just a hoax, however, the numbers in themselves are far from random, there is a relationship between them. This would probably indicate that the site owners themselves are coming up with those figures, which they somehow tie in with the number of members. Of course we know that not all members are active, in fact, the majority are not, but, as we have seen here, it’s a numbers game and quantity goes above quality.
The following comment sums it all up quite accurately.