LOL, wait until the financial filing comes out. LLBO is going to have the same balance sheet filled with zeroes that KAST and KATX now have.
It has nothing to do with "affiliated companies." KATX and KAST both had assets before that they no longer have. THEY ARE SHELLS NOW.
The debt got wiped out too so it's not a bad thing. It will be a blessing for LLBO if the debt gets wiped out along with the assets because that Cyrcadia stock was worthless anyway.
"Joined at the hip?" LOL The operation to separate these conjoined twins and discard Cyrcadia (and Holmes) is a beneficial operation for LLBO. The only way LLBO will ever be worth anything is if a profitable company merges with it.
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