From the "tour":
"He did re-iterate his company currently is self-funded (brings in profit), but to take it to the next level, more capital will be required eventually. So to sum this up, he says there could be shares issued later down the road to support EXPANSION ONLY and ALL of these shares will be RESTRICTED!! ."
So HE wants to expand by acquiring an insurance company...fine. HE must have a lot of money. How much did HE pay? How much cash did the company get for this "expansion"? A con-man wouldn't invest his own money in his company, would he? He would have given the shares to somebody else. But wait, there is that whole RESTRICTED magic word thing to satisfy! Being publicly traded and responsible to shareholders is such a burden.
You know, I feel for the guy. He just sunk a ton of cash into his operation and now everybody wants to give him a blanket party. Some dummies are just too suspicious. I for one am certain he wasn't skirting the issue in the PR, he just forgot to mention his investment. Modest guys are like that. No wonder he doesn't want his words passed along. He's not worried about legalities just doesn't want an avalanche of muffin baskets from grateful investors landing in his mailroom.
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