I think we would all settle for our initial investment back. Unfortuantely, he's offering less than 20% as a settlement, which doesn't make sense because he won't show a balance sheet and is making people agree to some legalese before sending them any of THEIR money back. He's obviously scared of the lawsuits and must have some assets to lose or is afraid of a jail sentence.
Notice how he has also quit posting and responding to email... I wonder if he's retained a lawer already.