Even if Grubb is correct and his source is 100% reliable, a letter of intent means absolutely nothing. I could sign a letter of intent on building houses in Haiti tomorrow and decide on Saturday I don’t want to do it. It’s not a binding contract or anything, its just a letter saying, ‘we spoke of the possibility of doing a thing” now its documented.
Thats literally it. Theres no moment where Kojima or Phil (or whoever he spoke to) have to call each other and tell each other the deal is off or rip up the documentation. Both parties will just eventually move on and continue living their lives.
If anything, Kojima could have just used it as leverage to get a project pushed through elsewhere