I'll bite too.
There were no "used" boards sold to anyone, including VMC. Every single board was tested, and that test process involved applying thermal paste. Without it the chips overheat in seconds. In the interest of shipping rapidly, the paste was not cleaned off the dies by the contract manufacturer.
If the boards were being built by a contract manufacturer for VMC, how did they come - and I've seen pictures of several this way - to have all the different rev stickers on them?
If there are missing millions, it will be because of outright sloppy accounting. A tremendous amount of orders were taken in a very short time with nowhere near the amount of financial oversight that should have been present. I would not be surprised if they pull a GOX and find something in a wallet that got overlooked.
You seem to think that all the employees and management acted in good faith, except conceding that the liquidbits deal was "surprising", but those millions have to be somewhere. A lost wallet is a little too convenient and, to me, implausible given how damn hard Eddie must have been looking for money in the last several months.
Do you apply the same cheerful outlook on employees' intent to the porn crowd? And what is the origin of the relationship, and nature of the relationship. with Scrotum and company?