Actually, SKA, you are only partially correct.
Yes, SIRG did damage to their credibility by failing to secure, or release news, about the LOI.
However, it is not the fault of the company when irresponsible predictions are made on a chat room. The company had nothing to do with the July prediction...either for permits or for funding.
Unfortunately, that kind of irresponsible forecasting is indirectly linked to the company, and while it is not their doing, the damage has been done nonetheless.
I venture to assume this is why the SIRG CEO cut off personal contact with certain SIRG board members last year....to avoid any association with irresponsible chat room statements being incorrectly attributed to the company.