Elwood Sprenger is either a conman or someone who can never get anything done. Either way, he does not perform on a single thing he promises.
Do not give him any money for anything! He will not perform.
He will ask you to buy stock in an affiliated company to him, and based off of the claims of others that know him and personal experience, the stocks he represents always seem to fail.
Pump and dump?
Do not trust this man!