King2 is very ill / needs medical attention

I'm not sure what will cure the problem??? Turn on the Tx, plug in the battery and this happens: (1) the servo's go nuts (2) the gyro won't set (3) the motor has power at zero stick unplug the battery, go up 2 clicks on the throttle stick re-plug the battery and the motor has no power and the gyro MIGHT set. When it does set go back to "0" throttle and the motor turns slowly go up a couple of clicks and the motor stops. Go up a couple more clicks and the motor starts at what would be about 40% power instantly. Tech support at xheli said it was the speed controller so I replaced it and guess what ? It still does the same thing. It appears to me that I have a bad Tx . If I order a new (stock) Tx will I have to "set it up" or make any adjustments for it to work with my RX ? What about this idea??? Buy a new Esky 6 channel heli. (2.4gh) order an extra Rx bind it with the Tx that comes with the new heli and install it in the king ???? If I try this what are the odds that the factory defaults for the Tx will be the same as for the king2???? If this were an old heli I would use it for parts but it has never been flown. It came from xheli this way. "we test every heli at our facility" Yea right.... Any suggestions???

I have received 3 (upto now) Esky Receivers with a loose electronic part inside that has caused a short on the main engine which has caused so far TWO crashes and 2 fuses blown (I started learning to be more careful with Esky products).
You might have to carefully check all conections and welds inside the receiver ( so far I had 2 loose ESC controllers (extra electronic part inside the receiver)) and 1 improperly welded Diode (the electronic part that allows current to flow only in one direction) which came loose after 2 days of succesfull flying my HBCP 2 (only normal take off and landings no fancy stuff) then burned 2 10 watts fuses (of main motor) . This lead me to further investigate and found the loose Diode that shorted the ESC controller and current flowed directly to main motor but since fuses blew no damage came this time and no crash or damage to helicopter (unfortunately one servo gear (plastic)has to be replaced.

NOTE: ESKY is being careless at some point with their products.

Thanks for the reply Rafles. I replaced the speed controller (ek2-0600a) that is mounted to the landing skid struts. So are you saying that there is a speed controller inside the Rx? I'm not sure whether to replace the Tx or Rx.