This guy is masquerading as a Thai businessman. He offered us $7M w/o out performing any due diligence. That was the first red flag. Then he sent a term sheet asking for very little equity..second red flag. Then the term sheet said we need to file as a foreign business in Thailand and pay an attorney he recommends to do it. Well a little research showed we do not need to file in Thailand. And the only reason we would is if we wanted to do business in country. So, third red flag.