Windbag - Great post - I nominate for Post of the Year. Note - most of the money they spent was to "consulting" companies.
I think if you look further you will find that these companies are all run in someway by the priciples involved. Paying each other to "wash" the money.
One post you missed was the "quality of the company has no impact on the PPS, only the MM's."
<<If you look at the statements, they spent almost $3.4 million in the nine months ending in September while generating zero revenue.>>