You asked (someone else) why one might "assume they haven't spoken to an attorney" [1]. I answered that. This is not the work product of competent securities counsel. (The promissory note per se looks fine. But it’s from 2021.)
As presently marketed, this has a high probability of being an illegal securities offering. If the issuer knows it's insolvent and isn't disclosing that, it could even be fraud.
You asked (someone else) why one might "assume they haven't spoken to an attorney" [1]. I answered that. This is not the work product of competent securities counsel. (The promissory note per se looks fine. But it’s from 2021.)
As presently marketed, this has a high probability of being an illegal securities offering. If the issuer knows it's insolvent and isn't disclosing that, it could even be fraud.
[1] https://news.ycombinator.com/item?id=35897967