If anything you stated was in the realm of reality

If anything you stated was in the realm of reality, why would Panasca or Innovo want to continue dealing with someone who pretended to accept their parachute, only to be deceived by ill intent. Why would Squires enter into a deal that he had no intention of completing in the first instance. I am sure that entire business community would evaluate such a person's credibility and character. This would be disastrous for QTM because it would mean that Squires could not be trusted at a time when he states that QTM cannot go forward without a partner with money. The rest of your supposition would attest to Squires extreme selfishness, not allowing the company to stay alive, possibly without him, even though he would probably be a retired multimillionaire, or may still have some role in the day to day operations and still be rich. You are describing all of the character traits of a crook.