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I have a similar story. An ex biz partner wanted 50% of a deal, for which we were supposed to share the work equally. It didn't work out and I walked away.
Two months later he came back offering the same deal, for which I'd have to do ALL the work, and he'd offer me 40%. I couldn't believe it. He seriously hadn't worked out in his head how stupid it sounded and rambled on as if he was selling the dream of a lifetime.
Yeah right...I have this dead Nigerian relative if anyone is interested.
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