To give JD credit, he has clearly lost confidence in current Nix ownership for a variety of reason, and believes that if we were to all express our anger and no-confidence loudly, Terry would be pressed to throw in the towel and sell out to someone who had money to burn and was just as committed to the Phoenix, and all would be well and all these scary stories would go away. If you assume that all the worst stories are true, and that the "White Knight" actually exists, then this is a logical strategy to follow.
The "White Knight" would appear to be a mythical creator as if he was so intent on saving Phoenix from an entry in "The Dooms Day Book" the right approach would have been to offer TS money long ago. Before all the Dooms Day talk. I will renew my 3 Lounge passes on the 15th and get Foundation Membership acknowledged.