A capital reader is a participant who may be reviewed and permitted to examine finance-readiness, capital readability, diligence gaps, risk-to-capital framing, proof-pack sufficiency, or lawful downstream review questions in a controlled GRA environment.
An investor is a person or institution that may allocate capital, evaluate investments, make investment decisions, manage assets, or act under fiduciary, legal, regulatory, mandate, or internal investment processes.
A capital reader in GRA is not acting as an investor by virtue of room participation. Capital-reader status does not mean investment interest, allocation intent, investment advice, securities recommendation, due diligence completion, endorsement, or capital commitment.
A person may be an investor professionally and still participate only as a capital reader, observer, expert, or learning participant in the GRA environment. Their professional identity does not convert the GRA room into an investment process.
The difference protects everyone. Project proponents cannot claim investor interest simply because a capital reader reviewed a readiness record. Investors cannot be treated as having made commitments. GRA cannot be misused as a capital-raising platform.
Capital reader means readiness reviewer. Investor means capital decision actor. GRA does not convert one into the other.
