I think from what I've read, the name and car brand has been resurrected by an enthusiast who owned one of the pre-war originals
He might be disparaging of Morgan through competitive envy which I will ignore but well done to at least having the capacity to create an authentic looking 1930's coach built open sports car which is so obviously similar to a Morgan as their overall aesthetic and build method came from the same era
If someone had JUST £150K to spend on one coach built car of this type and style, I can't see them choosing this over a Morgan for lots of reasons.
One of the reasons being you can have more fun with less than a third of the money or the same aesthetic with a big V8 for just over half the money
That's without going into the provenance, dealer network and the social aspects of Morgan ownership