Many red flags here:
-First Posting…
-“Weekly updates will be paid through a profit sharing arrangement” that is not “paid” as you labeled the posting. there is no payment if you dont finish anything, or if youre project makes no “profit” however you define youre “profit”, as nobody knows the “costs” you substract from any possible revenue.
-“is a new division of our company” so what is the company, where is it registered, whats the website and why does the company have no money to pay people working for it, rather offers a vague profit sharing arrangement?