My theory is that he shut down the network to get rid of neely and whoever else. Primary Neely though. Then made a new network to cut all legal ties.
Your theory seems to involve Mushmouth having business sense.
He does not.
He is a grifter who was crying about having to shut it down days before the wifebeater excuse fell into his lap.
Play victim, collect a few dollars and do it all over next month.
Don't call these things networks, they are streaming laptops.