FIXED IT!!!! Ok, so for future records, here's the fix…
PROBLEM: Bulb (B) and Time (T) work intermittently or not at all. Shaking the lens makes them work again, but only briefly.
FIX: I removed the face of the lens by removing the shutter cocking lever (3 screws), the f-stop scale (2 screws), the shutter speed dial (1 screw). This gives you access to all 4 screws that hold the face plate. You can clearly see the mechanism and how it works. The problem is that the B & T system works when a long arm with a notch in it engages the shutter. This arm moves out of the way during M but was not moving back in after and therefore was not catching the shutter (see the picture with the red circle). The fix was actually pretty simple. A bit of oil between the plates and voilà!. I did remove the shutter button (or lever) to get better access, but this is super easy. Just be careful because there's a very tiny spring that recoils the lever. It stays in place, but don't bend or lose it. The hardest part was getting all those tiny screws back in. It takes a very good and thin screw driver.
Having seen the innards and how they work, I see now why moving the lens made the arm spring back into place. A temporary fix MAY also be to pull down the shutter button and let it go sharply making it spring back up. That also seemed to make the arm go back into place, but this would be temporary.
Hope this helps.
Cheers,
Dave
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