Not sure what you are talking about here.  The statement about "should've been selling" was not related to the developer owning any / much coins.  Also, unlike most more recent projects, Huntercoin did not give 90%+ of the coins to the developers in a premine.  There were 80k (or maybe 85k?) HUC premined with a clearly stated goal to give them out as bounties (rather than make the developer rich).  But the keys to most of them were indeed lost when the original main coder died shortly after launch.  IIRC this is described (somewhat) on the webpage and most probably also in the early history of this thread.