djm34, you are saying the only way out would have been to turn down the offer. Well yeah easier said then done when they are telling you whatever to get you in, rushing it, etc etc etc.
Its mathematically illogical to accept an offer like that knowing they will try to pocket more btc of your tech.
For example Bobs ran away with 500 btc + 191(Bob) + 191(Ryan) + whatever they sold in Bay (at least 200 BTC lets say) + whatever they extorted from steven.
So yeah why would i do that, not sell a single baycoin, for a lousy license?! Totally illogical. Many times i asked them that i didnt want anyone profiting off my name it was my primary concern by far. I went into the deal cautiously because there was 4 others and felt that bter holding on to funds should be secure. Of course that assumption was incorrect.
Yeah so, like was said, you step into the garbage, and then are forced to clean up someone elses mess.
the problem is that you can't clean up the mess and keep the actual coin alive.
The only way to make this project is by creating an entirely new coin to get rid of all the scammers who got into it and will dump in case the coin gets a little value.