Not sure many of the others had much of choice. Schools the PAC would want are going to cash in and the others need to be in a conference and probably couldn’t afford the exit fees anyway. Also guessing that until the matter is resolved, the PAC isn’t going to approach any more MW schools for fear of higher penalties. Only thing that would save this mess is to do the reverse merger thing, but may be too far past that now.
I can't imagine a reverse merger is on the table at this point.
There is way too much bad blood now. And it's only going to get worse.