The company structure is very solid. The business plan is attractive. The past operation has been credible (obviously until recent developments).
And...once the framework is in place, the potential for revenue is tremendous - obviously there is little to none right now while they are still setting up the wiring.
But deals have been accomplished and permission has been obtained. All they needed was funding to get over the hump.
So, now CHWM is back to Square One and attempting to raise funding. If they can through this bad stretch, I think they're going to make it.