That's essentially what he has claimed. That he put his own money in so he's effectively paid those costs himself.
I'm sure this is not true. Most of the things I found out about in the summer of 2015 have been proven true. A few of us here knew about them before the lawsuit, but without actual proof you don't want to throw out baseless accusations. So now everyone knows, and here is your true transparency.
Think about how stupid the 'I loaned Axanar 150k' argument is. When Alec started this, I believe he had good intentions, he got Prelude financed and made, and everything looked great for the future. Where things went south is after the first Axanar film Kickstarter. Alec got more money and attention than he knew how to handle, then greed set in and the attention fed his narcissist nature into believing he was the air-apparent to Star Trek, and could even do it better than CBS.
Ask yourself, if I were Alec, and just got over 600k, when I was expecting 3 times less than that, why would I loan Axanar 150K?? Why is there a need to do this? I just made a killing on Kickstarter!
So here, we reached the turning point, and the decision to take the path of greed was made. Alec should had shot the film then perhaps had another Kickstarter or Indiegogo drive to pay for all the post production. This is what I would have done, and how most would do a production like that. This would have been the best way to appease your donors as well. But, alas, this was the road not taken...
Alec's ego now inflated, thought it was ok to spend a lot of that first Kickstarter's money on non-production and personal costs. Hey why not? he will just delay the production and run another crowd funding drive. People will think he is the savior of Star Trek, and give him what he wants. He has reached the 'big time' and is now a big Hollywood producer. Heck, he was so sure of himself in that regard, he was trying to make deals with Netflix and other commercial entities.
Thanks Alec! for spending all your donors hard earned money on yourself and not delivering what they donated for. You have no one to blame but yourself! Before you point fingers at other productions and say they are doing the same thing, please remember they have actually put out productions. You should have started to make the film after the first Kickstarter. Some will site mission creep, but it mostly greed.
Lastly, stop sitting around and empty studio and calling it your full time job. It's not. get off your ass and get a real job like most of us.
BTW, regarding redacting. Adobe puts a black highlight layer over the text, but it still can be copied out. What I have done in the past for a few people is get a Javascript extension for Adobe Acrobat for 'Layer Flattening'. it adds and option to flatten the layer (something Adobe does not do natively ). One all the layers are flattened into one you can't get to the text layer underneath the black. It's a pretty simple add on, I am surprised that some big law firms don't do that.