Michael, I'm sorry you feel that we've been too harsh. But I see nothing in your experience which gives me confidence that you have the knowledge or skills to run a publishing company, and several of your comments both here and on your blog reinforce that view.
For example, this from your blog:
With the advent of the e-reader and the popularity of digital books, traditional publishing is suffering. If you keep up with the publishing news, you know that's the case. Publishers are becoming much more selective in the books they decide to print and distribute. Because of that, literary agents are also being very selective in the works they offer to represent. So that leaves the aspiring author with two options: First, they can give up submitting their work to agents and never get published. That doesn't work for me, and I don't think it's going to work for very many writers. The other option is to take the bull by the horns, bypass the publisher altogether, and offer your work in either ebook or POD format, or both.
It's
trade publishing, not "traditional". And trade publishing is not suffering because of digitisation: it's suffering because there's been a world-wide financial crisis, and our economies have been in recession. That has nothing to do with the advent of digital books, which are just another container for books to be sold in, just like paperback or hardback or audio books. Electronic publishing provides agents with yet another format to sell their clients' books in: it's adding value to most professional writers' careers, not reducing value.
Books are rejected by publishers and agents because they're not likely to sell many copies. So how are you going to make these books which don't have any real commercial potential make money for you and the writers you publish? You have no publishing expertise, you have some very skewed ideas about how publishing works, you have no distribution, you have no funding, and you don't even know what sorts of books you're going to publish.
Please don't argue that you're not doing this for the money: to get those books edited, designed and published well you'll need to pour a few thousand dollars into each one otherwise you'll put out books which look shoddy and slapdash no matter how well-written they are.
If you go ahead with your publishing idea and then fail--and based on what I've read on your blog I cannot see any other outcome for this scheme, I'm afraid--the books that you've published will be second-hand goods. If the rights revert the authors concerned will struggle to find another publisher to take them on; but many failed publishers don't get around to reverting those rights to the authors, and so the authors lose their books forever.
I'm sorry, Michael, but this plan of yours has trainwreck written all over it. Please reconsider.