I don't trust LLBO and Jim Holmes either but since LLBO has a 40% stake in Cyrcadia we are stockholders in Cyrcadia. Holmes is the Treasurer in Cyrcadia. Since LLBO is a stockholder in Cyrcadia, what was promised to Holmes? What did Holmes agree to for us the stockholders in a publicly held company. It works both ways. Why are the 40% interest in Cyrcadia not kept informed? Shouldn't we the stockholders be kept informed of a spin-off company that was spun off -DURING THE TIME THE STOCK WAS FROZEN when you couldn't buy or sell your holdings if you wanted to?
Like you said LLBO doesn't do anything. As a publically traded company since Holmes spun off the only real value to a private company does that mean the LLBO stockholders are no longer entitled to information about it's subsidiary? Sounds fishy to me.
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