He was willing to take my $$ as a loan instead of PP if I wanted to so no income/net worth requirements necessary. Appears the end result is the same anyways.
If you notice on the filings, the box indicating it is a debt instead of shares beginning issued is checked. I asked about it, over looked it and maintained a believer status. I've always wondered if it was an intentional act to make it not look like dilution. Even after i brought it up, it continued to be misrepresented so i dont believe it was an oversight.
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