Shell games man.... I know you know this. Dude has done absolutely nothing other than send a couple emails. Now he will pay an attorney to create your fairy tale subsidiary.... then tweet about how great meetings are going... "updates.... soooooon". Then...... poof. Not a damn thing. He will pretend NONE of it happened and start whispering his next pump to his lapdogs. I'll ask again... for like the 50th time..... Please name ONE thing this CEO has done that shows this is legit?
Imo there will NEVER EVER be a phase 1. This is just another toxic scam company run by an incompetent fool. He's been good at bagging noobs though got to give him that.