Basically yes, the coin is owned (now) by Paybase LLC, and that in turn is owned by GAW, therefore GAW will have advance notice as to when the "pot" is about to be opened up on a first come first served basis.

This allows them to be one of the VERY first people to put their Coins in Escrow (again, with GAW - Josh may have forgotten my little spat with him about Escrows - as he clearly doesnt understand them), this way Joe Public is unable to get any returns on their coins for this 100K this month until GAW have had their their share of it (first come first served remember!).

Josh then gets out of paying anyone any of the fabled $20, at the point where it starts to become where they NEED to pay out Joe Public the sites will get hacked and go offline - sorry we lost your coins, see our TOS.