From the media reports I have to say that I'd ordinarily be very sceptical about this latest development. Sheard has a chequered past and there seems to be too much publicity, no proof of funds and too little time.
Redheugh clearly has the inside track though and is hinting that proof of funds has been given, the money is in an account, there are wealthy backers and some other more cryptic stuff. Consequently (and I know I'll regret this) I'm getting my hopes up again.