Not being funny, and I understand they were screwed over not once, but twice, but if this doesn't involve a secure payment method, walk away, this is as good as a BFL delay tactic whilst your funds are hurting, especially if the 28nm marketing BS is coming from where I think it is.
Think about it.
I supported TH in the beginning with their secure payment choice, but this, nah, something this size with the amount of debt they are in, and the dodgy company I think is behind this, walk away, far, far away. Paypal will have nothing to do with this, no merchant bank will either.
They need you to do this, way more than you need them.
If it lloks like a duck, it quacks like a duck, it's a...