The idea that he will get his userbase back by upgrading the software is delusional. Dude should have stepped down as owner by Saturday evening of the Neogaf revolt.
What does that even mean though?
He is the sole owner of the site; "stepping down" for whom exactly?
Trying to sell it immediately MIGHT have been his best option, but that kind of crap takes time... and as time wore on, the problem with the forum and it's exodus-ing userbase got worse and worse.
Honestly he's still likely making good money from it due to the great SEO and history of 10's of millions of posts indexed by google that bring traffic in; his best bet is to try to stick it out long term and rake in money while he still can.
That's what I'm saying. What is there to get? He should have sold the site as soon as his staff left in great numbers. Evilore retire bitch, right? Step down as in, sell your stake and distance yourself from the site.
Honestly, there's a lot he could have done.
Rather than shutter discussion he should have addressed the site about the accusations during the work week. Instead, he tried to censor people talking about it and made a half assed (and very much delayed) statement.
He could have done a lot of things and he did everything wrong.
There was a period when he could have sold neogaf to someone and get maybe a couple hundred thousand for it and cashed out after the accusation came to light, but he let it sit and stew and now his site is probably worth a nickel.