There could be a completely different view at his financial abilities (which by the way would make my financial decisions re PTSC look a little better, too...;-)) - here are the important phrases from his blog:

He started to build his "dream house" in the beginning of 2007 and runs out of money today.

Hence there are two possibilities to judge Mr. Moore:

1. He was and is a financial idiot because he spend ALL his money in his dream house = much more cash he had and could expect.

2. He (and all the others persons involved) were expecting to receive a permanent cash flow from his share of the MMP - but things turned different or not in the expected time frame.

Of course I prefer the second possibility because it would not only make Mr. Moore NO financial idiot but me too...;-), but by looking at the prices PTSC started to buy back shares one could think the same: ouch, how could they buy shares at $0,80 or 0,60 or 0,40 etc. when they could purchase much more for the same money today?

The optimistic view of this strange story could be all participiants were expecting things to happen different and faster. So the only question then would be:

Why didn't they simply admit things didn't develop as planned?

GLTA