Yes it is a lie. Here is quote from the latest LATE 10K from Cephas Holdings:
>>""n July 1999, the Company formed Legend Studios, Inc. (formerly FragranceDirect.com, Inc.) ("Legend Studios"), a majority owned subsidiary. As of September 30, 2010, Legend Studios did not have any operations.""<<
Notice it says majority owned, NOT wholly owned. So now you know, Klamka is a liar. IP FW
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