Sequel to The Room?


This is what's written on the trivia for the movie:

This film was slated to be the sequel to Tommy Wisseau's "The Room". However due to budget restrictions, lifetime couldn't afford the liscense.



I find this really hard to believe. Would the sequel be the same thing as the final product?
So, was this supposed to be bad on purpose or they had no idea Wiseau's movie was considered to be really bad?

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