The $2,500 SJ would make if no one took refunds would be well worth it, but most bitcointalk people are lazy or can't do BTC stuff at work. It is a decent solution though. Wasserman would you agree if SJ agreed to take the phase 2 XPO as escrow? SJ would then be responsible for paying people XPO and sending you the BTC or refunding people BTC and sending you the XPO and you could just keep releasing things to increase the value of XPO on exchanges so people would take the XPO and release the escrow BTC to you.

edit: This would be very good as you could then give SJ the email address of every phase 2 user, the BTC they invested, and the XPO they should receive. Right now, it's hard for SJ to communicate with users since he doesn't have their email. This solution might be good for everyone. Wasserman, do you agree?