Knowing the 'money man' that he is, yes, there must be some back-up plan in play here, if he's been ready to put out a PR for a month.
Also, knowing that there's most likely a good handful of others who might be willing to step in, leads me to believe he's waiting for a signal perhaps, from JLI, to 'move-on' or hang for a few weeks longer.
Seems JLI is in a pickle right now, between FINRA and an expected merger that would solve it's financial woes. By all appearance, the merger is still expected. Termination of all non-essential employees would be par for course if a money-laden merger group is moving in.
JLI might also be a rather good risk vs reward play right now, trading under a $2M marketcap.