IW, I think you are probably right in your post. I have never thought that BIGN was not legitimate but do sometimes worry about them being able to complete the LOI. If they fail it won't be from lack of trying or because of fraud.
The one thing that keeps me being a long is that I know from experience working on the fringes of the oil business that everything seems to take forever, lol. I think we are close to a successful completion of the LOI and it will be well worth the wait.