"besides, he feels and agrees its a new company too."

"but he wants MAJOR recognition that it was HIS before & because of being able to run off his already established business, he wants compensation!"

which is it? it cant be both.

obviously you and he have different beliefs. I'm expressing what i believe his belief is based on what you said originally.

more obviously, you both talk without listening.

"In a ham and eggs breakfast, the hen is involved, but the pig is committed".