My guess is that he's gonna sell some tracks to Warner for HT30. Maybe back out if they give too little.
There's definitely demand and I think Jeff should be compensated somehow, if he offers that catalogue to be released. After all, he did contribute to the success of the band. Maybe not what the band wanted, but maybe something the band needed. Also he is godlike for keeping this archive. I envy Astat, Dylan and Mark for that experience. Did they listen to stuff? I'm so intrigued. If only Mike would reach out to make amends.