LLBO owns 40% of Cyrcadia Health stock LLBO owns 12,670,000 shares of Cyrcadia
Relation LLBO vs Cyrcadia
In 2012 LLBO founded an affiliate: Cyrcadia. For doing that it retrieved 8M shares Cyrcadia (note 7 of annual report) and 5% of the first 50M revenues and 3% of the rest (extra). So LLBO became in essence stockholder of Cyrcadia.
Also stated that 8M =33% of ongoing shares Cyrcadia (note 12) so OS Cyrcadia= 24M
For patents transfer LLBO retrieves 4,67M shares Cyrcadia (note 12) so OS Cyrcadia =28,67M and LLBO owns 12,67M shares Cyrcadia
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