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Dear Jim,
Thanks for your condolences on the passing of Darryl Leiter, for reading your Essay and for your interesting comments.
Concerning SMBH with a total mass of >4 million Solar masses, we propose 3 different alternatives with respect to ordinary black holes. The first two are the so-called Eternally Collapsing Objects (ECOs) and Magnetospheric Eternally Collapsing Objects (MECOs). MECOs are proposed like alternatives to black holes by Darryl Leiter, Stanley Robertson, and Rudy Schild. They are a variant of eternally collapsing objects or ECOs proposed by Abhas Mitra. In those objects the collapse must be slowed to a near halt by radiation pressure. A proposed observable difference between MECOs and black holes is that the MECO can produce its own magnetic field. An uncharged black hole cannot produce its own magnetic field, but its accretion disc can.
Together with Herman Mosquera Cuesta we proposed a third alternative to black holes, the Non-Linear Electrodynamics objects (NLED). We have shown that, by inserting a non linear electrodynamics term in the right hand side of the Einstein Field Equation, an exact non-singular solution of such an equation can be found for a collapsing body. Such a solution well matches with the external Schwarzschild solution.
Concerning the recent proposal that "the true BHs should have M = 0," you can find the paper by Mitra here: http://arxiv.org/abs/0904.4754.
I am also going to comment the ideas that you discussed in your comment, but, before making this, I prefer to read your Essay on the Galaxy Rotation Problem. I will put my comments in your Essay page.
Thanks again.
Best wishes,
Ch.