Would love to know where the money is coming from because a bunch of ex-ABs isn’t it (unless they are dealing drugs on the side). They are most likely figureheads with someone else putting money in. As it stands they are all show and no substance.
Happy to be corrected as it sounds like a cool idea.
I actually think it could just be them. Working under the assumption that their names alone would be enough to open the door. Which would explain how they've fallen through on much of their talk and to be honest bullshit. The supposed deals that never were etc.
I've mentioned before that the rough figure needed in order to gain entry was said to be a minimum of $10m USD in order to cover licence fees, basic operational costs and so on over a 3 year period. And that's the bare bones minimum. And that's not taking into account the added logistics and expenses of operating out of Hawai'i itself. They clearly don't have it. And I doubt they ever will.
The funny thing about the Kanaloa statement is that literally just this week they were spruiking an exciting announcement regarding their MLR future. Which suggests they still thought that who they were and not their ability to meet even the minimum criteria for an extension (I'm not too sure what those are but they do apparently exist) would get them through.
Edit: And they've now apparently edited their statement and walked back some of the initial indignation. This group is cooked.