That is a pretty accurate assessment.
When conspiracy theory resonates and targets a very specific audience the reason for that is usually because it's completely bullshit and no one outside that audience can take it seriously because it lacks any and all of the necessary evidence.
If we look back at conspiracies that were proven to be true there was never an intended audience in mind when it was still being initially debated.
I'm starting to realize that more and more and it really just resonated with me last night as I was making that comment.