I don't even know the guy, but I know how things can happen. People get sick, have deaths in the family, or unseen life changing events just jump up and nail ya when you least expect it. I wouldn't be too quick to jump to conclusions until someone can contact the man, then make an educated analysis of the situation.
But like Big Country said, I don't have lots of $$$$ invested with him either. I'm sure I would probably feel the same as you all do if it were my arse that I was in fear of losing.
Good Luck to you all, I hope you get your staves. I really hate to read stuff like this, it kinda gives me a sick feeling in my gut when I do.