HI String - as stated in my previous posts that Jubin responded to
there are many reasons why SUBSIDIARYS are set up, they are good reasons , and most all project style deals are done this way ...
I realize you know the reasons also especially if you were in real estate
and here they are working at each step , 1 by 1 , to achieve the license
you are entitled to your opinion, and I respect that
have a good night!