I'm sorry doubleU, but are you insulting me and my intelligence?
I seem to have somehow lost my way on the subtlety of your post.
Am I to understand that you are offering to buy his domain off him at the price you value it at, in other words willing to back up your claims?
If the domain was somehow valuable I would expect to see an offer on the table somewhere but none is forthcoming, and as this domain has been in his possession for a number of years it would also have some analytics data.
Now, if you look at Googles keyword search you will find that only 58 people searched for [eloops] this past month and you believe it to be worth thousands??!
Now, that tells me one thing; that people do not like this term, he has had it out there for 6 years and people still do not like it and that is not going to change even if someone buys it for thousands without the budget of a major company like Apple or EMI.
So the question remains, are you out of your f**king mind?