It's not just you. I wouldn't trust anything said by either of those two clowns. At the very least Phil seems to have been happy to take money from Mr. Garza AFTER the whole GAW fiasco had already exploded, employees left etc. Whatever went wrong with that deal we might never know since there doesn't seem to be much in the way of proof and both of them are likely lying, but it surely doesn't look like a simple loan/collateral situation.