Whilst I do have some sympathy for him, it seems that he did have the opportunity to renew and chose not to.
I do now feel that he is genuine as he has replied saying that
"...During the suspension process, my company told me i could pay $80 to get it back. That was absolutely rediculous...."
When he says $80 I suspect he means the £80 nominet fee. I'm not sure of exchange rate but if he thought $80 was too much I can't see him paying £100+ transfer fees. I doubt if he would even pay the transfer fee as that can't be too far off $80. He obviously did have the option of renewing and chose not to.
I'm still considering my options though, so any further thoughts appreciated.
Dave