Cyrcadia USA has exclusive rights to the technology. Cyrcadia-Asia merely LICENSED the tech from Cyrcadia USA.
None of this is new. This all happened years ago. That was the last straw for me, when Jimmy D Holmes transferred all the assets from LLBO to Cyrcadia without any shareholder vote or any other warning and without a logical or ethical reason -- his only reason was to cheat existing LLBO shareholders and try to bilk new shareholders in a new company.
What that old fraud did is called "spoliage" -- here's the definition:
The writing was on the wall when he created the subsidiary FWS -- normally a company creates a subsidiary when they have multiple business models or product lines and they want to separate them, but LLBO had only one product, so there was no reason to create a subsidiary other than to bilk investors.
Couldn't sue him because there wasn't enough value in anything at that time to get a lawyer interested. Besides, Jimmy D would have just dissolved both companies, assigned the patents to some new company, and carried on.
Slippin' Jimmy was crafty in his prime -- Creating and destroying corporations was his specialty. He abandoned LLBO long ago. I'm surprised he kept filing with OTCIQ as long as he did. He must have smelled a dollar in it somehow.
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