NigelR,
Congratulations, it seems that you have been able to apply some common sense to this debacle and sort out the "wheat from the chaff" amongst the elements of the story as portrayed on various BBs. I'm sure that if the remainder of the PFA EC and management team can do likewise then there is at least some hope for the future of the PFA.
Do you happen to know why the CEO has apparently stated that his aim is for the PFA to take over the BMAA? I find it curious that the PFA should choose to compete with another recreational aviation body in this way, as I cannot help but feel that working cooperatively would be better for the members of both associations.
Are the PFA EC agreed on this policy of competition? If so, then I wonder if such a view would be supported by the majority of PFA members. I fear that this news may well further alienate many microlighters against the PFA unless things are sorted out.