It would be easy to show a jury that pirate told his pass-throughs to supply sub-account information, therefore he could not use that as (legal) justification to claim his contract terms were broken.
Give it up. BTCST will never be in front of a jury. I will book odds on it if you think that scenario is realistic. Off the top of my head, I'd offer 8:1 or more. Let me know if you want to give me action & how much you'd want to risk.