When you consider the cash burn and where it's all gone it's no surprise. All the ill-advised moves by the BoD/company reads like a laundry list quid pro quo deals.
I'm not accusing anyone of anything untoward but there's a fine and often indistinguishable line between conflict of interest and appearance of conflict of interest.
I think Agora is the least of the issues. How much did PTSC blow on Hawk and their negligible efforts?