Me thinks trying too hard to convince oneself that they didn't buy into a scam.
Not only that, but Kenny got a 6 month PASS today. Instead of Faucet collecting the data as it came in, incorporating it into a mythical IND, they now have 6 months to do so.
Of course in real biotechs they do enter the data as it comes in. When they previously promised SHs they would take it from investigational, thru pre-clinical, into a CT, in 1 yr, they don't have 6 months of time to flock around. Time to be tied up sequentially in reviewing data, that should already have been reviewed.
Then again, no need to hurry. No funding is available. So might as well use reviewing hundreds of forms as an excuse. Try to buy time, as Kenny raises funding for his salary.