Dammit Andrew! You made me think that we might get something worthwhile!
This guy seems to have been pretty optimistic as to how the film world works. The reality is that you can't just raise a bunch of money, use Nickelodeon's characters, and then expect them not to have much creative input, regardless of how many backers there are. And they can flat-out say, 'no'. TMNT is box office poison for the next six or seven years.