Good write-up. The one thing I disagree with its the alleged purpose of the SQ42 split, which you pin on the Coutts loan. Actually, it's more likely that they did it to qualify for the tax credits. Then they used those tax credits for the loan, but that was a year or more later, unless my timing is way off.
Personally I think there could be several other major reasons for the split.
Not least that it allowed them to switch attention away from slow progress on the MMO.
Without being party to the discussions, it is obviously difficult to know what the chain of events where.
Not that that is going to stop the toxic Backers screaming that Derek's, analysis and predictions are largely false and have been inaccurate !
Such is the level of incompetence in this whole project over many disciplines and over such a long period of time, anything that happens could be as result of well thought out deliberate acts of dishonesty for self gain whilst in possession of a good grasp of the long term consequences, or just another simple fuck up in an attempt to fight fires, or something imbetween.
I find it difficult to believe Croberts and Scrotumsin Liarmouth didn't know what they were doing on this.
They know they have been screwing over Backers, Employees and everyone else for years.
They are not worried about the consequences or risks to the project because it is their modus operandi and they are thoroughly dishonest.
