Counsellor, could you be a little more precise with your comprehension of the your term "works," please.
As in, the third fake prototype works by being a useful deception to fool some of the people some of the time.
Or, as in, this latest prototype depicts what it is supposed to be: a working, viable, FPGA which can be taken into the real world and tested by an independent third-party certified electronics laboratory at arm's length.
IMHO, there is a huge difference between pulling the wool over the eyes of unsophisticated investors and putting a testable device in the marketplace in train to take orders for the family of communications transporters.