Remoak
I don't know if your post was in response to mine but the paragraph relating to the bond within the letter is certainly sketchy to say the least and for any legit business operation which MT purports to be there should be a lot more detail than this - and I hope he will provide this in due course.
Tell me, based on the information you have to hand, and assuming you had the money would you take a 'punt'?
If so, then I think I would think twice about being your first officer I am sorry to say. With everything looking doubtful you would still be the one to take the risk anyway rather than walk away. Think the airlines would have something to say about your risk profile!!
Biggles
ps. Is MT a pilot himself? Sounds a bit odd that someone starting a new business would not do some of the flying himself to keep overheads low at the beginning? Who would be his Chief Pilot?