The guy operating under the "Phase 5" label these days used to work in customer support for P5 and bplan (and, apparently, somehow got his hands on technical specs and layouts during the P5 bankruptcy) - he was neither management nor was he a developer. Describing that as "P5 back in the game" might be giving him too much credit.
Plus, there's a ton of unanswered questions regarding the whole thing. Don't get your hopes up yet.
I usually agree with your posts but you of all people know that Phase 5 became insolvent and any assets/ owed monies are gone in that insolvency. So there is no "hope" for anyone. Back when people had a line on this stuff someone shoud have went to DE and got the boards.
btw Gerald and TK feel terrible about that whole situation....