Yes, things can go wrong very quickly. 6-7 months is more than enough for things to go south. A couple of months Is actually more than enough and the most brilliant people do take bad decisions sometimes. People also make assumptions based on the past like : "Hey! it's easy to get financing. There is no end to the amount of cash I can get from investors.".
I don't believe any of this is intentional or a conspiracy to lower the SP for whatever secret reason or goal. I think they genuinely care about the project but not about the investors. It is that last part that came back to bite them at the worse time.
I don't know why Federico and others come aboard and i'm not sure i care so much about it now because the situation has changed drastically since then. The age factor is certainly not an indication of anything to me. A more important aspect would be "reputation". To be associated with Titan these days is not so much of a glorious thing so if you don't leave despite the fact that your reputation is on the line then there must be a good reason that balances all that.
That being said, if the boat is on fire you follow the rats. If none of them is jumping off it is probably because they know that they are better off on board. Meaning, they probably know they can still make a decent profit if it comes down to a firesale. Those guys are not staying just for that regular pay check that comes in every other week.
As for myself, I will follow the first rat that jumps off the boat. Actually, i'll probably be out before that. I will sell if this boat gives me any indication that it is not headed (forced or not) to "Sale Island". At this point a sale is the only reason i can think of to still be invested in this.
I wish they'd come out to announce they are just keeping the lights on and are looking for a buyer. This would bring SP to a higher level and give us a better hand in sales talks. I bet they could then even raise money if that were simply to pay the electricity bills. That would allow more time to sell at a fair price. Now what that fair price is... that's the great unknown.
IMO.
