Why declare bankruptcy when he can just do nothing like you guys are letting him? If this wonderful secret project fails, he'll just come up with another wonderful secret project to make up for both of those disasters.
I dont understand your first sentence. But see it this way. Coins are gone. As long as the company exists, those coins belong to, theres the chance to reget them. If weex is sued and cant pay then it has to go bankrupt if ukyo wont face criminal charges of failure to file for insolvency in due time. If weex as company doesnt exist anymore then the chance to reget the coins are gone too.
Of course the projects can fail. The projects anyway are only the second chance to get the coins back. The projects are for paying back ukyo loan. If thats done and in case the weex coins really cant be retrieved anymore then those projects are planned to pay back the lost weex coins too. So they are a backup plan.
Even when you arent pleased with the situation, your choices are very limited. Sueing and hoping ukyo somewhere has riches is useless when you take the amount of coins missing into account. You will get some per mille of your coins if sueing is successful. And the chance that your lawyer eats more than that are high. Thats why waiting looks like the best choice for the moment. Sueing ukyo doesnt run away.