There's always more than just one side to a story.
Nic Jones' story is certainly a sad one, but I don't know that Celtic Music releasing reissues of his back catalog would make for any happier an ending for Nic. It would certainly earn him some money, but it wouldn't change the reality of his life.
Dave Bulmer recently made Calennig's releases available for reissue--very quickly--in order to benefit Welsh musician Mick Tems, who recently suffered a stroke.
That doesn't strike me as the the act of a greedy, heartless profiteer.
Like I said, there is always more than one side to a story...