Time Left not correct?

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I hope someone can explain user@ebay time. It looks to me that it is the server time + Page load time to account for network lag.

But the Time Left does not correspond to server time or user@ebay time. For example, if my page load time is 10 seconds, and Time Left from server time is 1 min, then the time left from user@ebay time should be 50 seconds. But in my jbidwatcher, the Time Left displayed 1 min 10 seconds, which I can’t figure out how why it is calculated that way and what it means.

The sniping time seems to be accurate though and does not seem to correspond to the time left display.