With some cash in the bank, no debt, and the IP tucked away, surely to God there must be enough wind left in the sails for at least one more go at something good ...and legitimate!!
With the threat of total failure looming I would normally expect at this stage a strong sense of motivation and urgency from a leader, but with this board ....hmmmm, who the hell knows. But I feel that those on the board now realise they MUST and so WILL eventually do something constructive. At least one more shot at the goal. Come on, Board, pluck those fingers out and have a go. You can do it!
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