Is this whole thing just an attempt to get their name mentioned as many times as possible, and hoping that ends up meaning something?
I honestly don't understand what else they could even be attempting.
They're definitely not standing on bedrock as far as the defensibility of their complaints go, but they may argue that they didn't receive the full benefit of the time they were entitled to in the sponsorship package. It's hard to suss out what the intentions are here.
I'm going to guess that now that the hacker community has discovered/turned on them, they're highly likely to lose whatever funding they have and they're trying to get some of it back.