Your basic version of the situation is commonly accepted by investors because there are some aspects of it that are true, but it does not give an accurate nor full accounting of events, options, and choices as they actually were.
That said, for the sake of not having lots of posts going back and forth, and posters writing saying to "prove it", all of which I just don't have the patience nor inclination to do, you and the other readers of this Board are free to believe what you will.
Your conclusion is very convenient to the rationale for lots of no choice decisions by Leadership, and comfortably explains how we likely would have ultimately wound up in this situation anyway.
I reject all of that