"the idea that he's spent a lot of his own money is totally baseless"
Read the audited financials and SEC reports. He and Delisle both have put in several hundred thousands of dollars. They now have stock in lieu of those investments. The only way he gets his money back is if the stock value goes up. This is not hard to understand.
It is ok that you are unhappy - but be unhappy for the right reasons. Don't dismiss truth just because it makes you feel better.