"The problem with the heretical theory" is that it is still illegal to take something one does not own from a company they are a director of and then use it to start a second company to compete with the company they were a director of.
The actual 100% complete IFUS Nutrimastic formula, and the know how of how to formulate it was never listed in or claimed in Joe's first patent, the patent that he sold along with the real actual formula and formulation process, that he sold to IFUS was never publicly disclosed or listed on the patent application documents. That makes it a trade secret property of IFUS.
Joe had fiduciary duties to the shareholders of IFUS and IFUS-Supreme Energy (which IFUS owns 100%), and Steve had a fiduciary duty as a director of IFUS-Supreme Energy to protect the trade secret formulation of IFUS and IFUS-Supreme Energy.....(See the lawsuit for all the legal details), the formula and the formulation process.
By formulation process, I mean the process by which you prepare and mix, the ingredients so as not blow ones self up, or create a toxic cloud of gas in the process, and for instance, cook the cake mix at the right temperature for the right amount of time, to make the perfect cake with the right texture and the right flavor.
None of that was in the original patent application. Most formulation processes have precise steps, proper sequence of steps, and conditions and concentrations and purities needed, mixing and/or blending requirements, reaction conditions needed to produce the product.
None of those were ever disclosed to the public or in the original patent application Joe wrote and sold to IFUS. Joe sold the trade secrets, lock stock and barrel to IFUS. Joe did not own them nor did he have any right to take and copy them after having sold them to IFUS.
Business secrets also include who the suppliers and customers are...
IFUS management, made the decision to protect the formula and formulation process as a trade secret when the patent office examiners refused to issue a patent for the vague undisclosed process and vague undisclosed formula which is what Joe had applied for. That happened in 2011 well over a year before Steve Adelstein started discussing a convertible loan for shares in the non-public subsidiary of IFUS, i.e. IFUS Supreme Energy....
The IFUS/SE cattle feed study,
done while Joe and Steve were directors of IFUS/Supreme Energy,
results were IFUS/Supreme Energy proprietary R&D work as well.
But Absorbezz LLC, the Spawn of two now ex IFUS/Supreme Energy directors, Joe and Steve, saw fit to use and publish that IFUS/Supreme Energy cattle feed study in their new company product literature, Absorbezz LLC flyer, using the dates of the IFUS/Supreme Energy study, and showing the ex-IFUS/Supreme Energy customer who hosted the IFUS/Supreme Energy cattle feed study in June 2013, while Joe and Steve were directors of IFUS/Supreme Energy, as the distributor.
If anyone can verifiably prove that any of this is not correct, please speak up and correct it with solid, verifiable proof.
All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.
