Sure, it just shows Mr. Kendrick was dumb enough (or maybe complicit?) to go there in the first place. Mr. Owens was running what was clearly a fake company. Mr. Kendrick went all in anyway. Mr. Kendrick and Mineseeker end up as "victims".
So now they're hooked up with SNTL, a shell that a year ago pretended to have a contract to sell $4.5 million worth of solar powered water pumps in Pakistan, and now has a vague plan to pay it's shareholders a dividend consisting of shares in that fake company.