Likewise on the M2K. Since money's tight (3 kids in school, 1 more getting ready for school, 1 more getting ready to get born, mortgage, grad-school loans), I'm seeing how I can make do with what I've got. So far: boiled some water, poured it through the scabbard to soften it a bit, compressed the sides together until it cooled. Retention problem solved; knife now snaps in securely and stays there.
Tip coming through the bottom: same problem, though it hasn't punched all the way through yet; I can see a crack where it is trying to do so. Proposed solution: I am thinking of plugging the two holes at the bottom of the scabbard with some temporary goop (Play-doh, or even a piece of bread--anything soft and removable, just to plug the holes for a few minutes); then putting some epoxy down there at the inside bottom, maybe using a straw to make sure it doesn't get on the sides, too. I might even try epoxying a thin piece of metal in there. Then, when the epoxy's dry, I'd just drill the holes back through. We'll see if it'll work.
Oh: have also applied leather conditioner to that leather belt-loop; here in the desert, leather tends to turn to dust unless you do that.
I've made a Cody-Lundin-esque basic survival rig with this as the centerpiece. Wrapped the scabbard with 80-pound-test BRAIDED fishing line (not monofilament, but the braided stuff, which actually works like string, and doesn't permanently kink if you wind it around something--makes GREAT compact emergency cordage), with a layer of masking tape around the fishing line to hold it in place. (If I were doing it again, I'd probably masking-tape a couple of fishhooks, a needle or two, and maybe an X-acto blade to the scabbard before the braided-fishing-line wrap--takes up almost no space, but gives you a few more options.) Then stretched a maybe-4-or-5-inch length of bicycle tire inner tube over the bottom of the scabbard, to hold stuff. Then crammed into the inner tube section a Fox 40 Micro whistle, a mini-Bic lighter with a couple of gaskets stretched around it to keep the button from being depressed accidentally, and a couple of firesteels (including one thin BSA "Hot Spark" and one Horseshoe Mountain one, with the magnesium bar). I may eventually put a couple of "fire straws" filled with petroleum-jelly-coated cotton in there, too. Through the belt loop, I've run a length of braided paracord, long enough to hold it, not around my neck, but over one shoulder and under the other arm, so I don't go around with a pre-made noose that can catch on things, etc. Hung onto the paracord loop is a micro Mag-lite that I had lying around; were I doing it from scratch, I'd go for a tiny LED light. Largely, this was just an experiment to see what I could come up with using just stuff I had around the house.