DB, good question.
One of the most important part of negotiating is understanding what your client, or in this case, the opponent is thinking. So as despicable at it is, put yourself in Joe's shoes.
If I am Joe, I would say "I made some decent money doing debt wraps and whatever off of qasp, but $180K is not chump change". The problem is that any repayment is tied to qasp. Now you have Jeff, who Joe does not trust, making moves to 1) control qasp via pref's; 2) got the authorities involved with his good client (dean) and 3) is working to get mineseeker, which qasp has made a considerable investment/loan/advance into a separate company.
All these moves diminish his ability to collect. Then enters Owens with a merger. Sounds good but owens refuses to share any financial info with Joe. So Joe has no choice but to block the merger. Realistically, I would the same thing. Why? Because I (Joe) know that i can get control of qasp and dilute and get repaid.
IMO, this is a negotiation and maybe Owens will just open up the kumono and show his financials and present the business plan and joe will agree to roll over and get some level of repayment.
I don't subscribe to the short theory at all. As to why Joe does not throw dean under the bus? What would he gain? Maybe IHUB posters will like him?
I firmly believe Joe is primarily after repayment.
I would also restate that this is Joe's home turf (pink's) and that this is not his first rodeo. I am sure he has legal counsel advising him how far he can push without going over the line.
Lastly, I think many posters underestimate joe. You don't survive long lending money to pink's without knowing what you are doing.
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