Let me get this straight.
The proposal is to effectively crowdfund a cash injection of a quarter milly and then sink this into this bottomless pit of snaffled monies (largely achieved through $M's payments to sub-contractors for undisclosed "services" funded by colossal share dilution which are all now ostensibly sunk costs), presumably to try and get the fins published. That accomplished, they can apply to be admitted back onto the stinky pinkies in the hope of a spike in the sp (at this point they'll need to graft on the old MT to generate more fluff) so that they can then dump their shares onto some other unsuspecting marks who haven't cottoned on to what's afoot here. Aside from their motives being morally reprehensible, why would they ever want to do this? Yes, they can pretend to form a consortium and agree to some financial instrument (note or PP perhaps) that makes them feel all warm and fuzzy like they're getting a preferential deal out with the shares (bags) they currently hold. But they're still buying more snake oil.
I think the time to worry would be if TH were to accept such a proposal, because if he cannot come up with the bunce to pay and get the business (a term used reservedly to describe this gone case) current, why in the name of all that's Holly (see what I did there?), would the bag holders reach for yet more cash. Are they seriously thinking they can buy their way out of this mess by absorbing key operating expenses to their own accounts?
What this looks like is a cute move by a newbie that has double scam written all over it. Probably the return of the scamster Awesome.
See sense folks. Sit, wait, pontificate, chat, console each other, lick wounds, and finally accept. But don't sink another penny into this disaster, it's classic good money after bad and someone stands to gain at your expense, yet again.
