I looked up their web site recently, same kind of curiousity. Seems that they need $50,000 for rigging, at least that is what they think. Somewhat bitter post by the captain in July, which sounds similar to what Ross posted.
Close reading of the logs and Coast Guard reports show a vessel with very poor performance in most ways (maybe all). I am a sucker for Don Quixote types, but this guy seems incapable to the point of being dangerous.
Yachting, the only sport where you get to be a mechanic, electrician, plumber and carpenter