If things fundamentally changed in $TXHD, opinions would also likely change.
The likelihood of a R/S is based on the exchange of Common for Series C Convertible Preferred, the blowout in Common shares outstanding, the $250,000 $TXHD says it still needs to raise, the outstanding debt, and the method for paying off the remaining debt holders who haven't been satisfied.
The max out is based on a combination of the above, as is the $0.0001 call.
I'd add the recent discovery of the serial convicted fraudster Shelly Singhal as not helping $TXHD.
$TXHD is currently at $0.0004 and recently hit a low of $0.0003. Not so far away, even with the price props being applied to stop the collapse.
The argument can, and likely will, continue to circle the toilet bowl because the fundamental challenges confronting $TXHD haven't been significantly altered.