Spunky - Don't overlook what Lanza has done with BD's profits - this very shrewd character has diverted many, many, MANY $$$$ into Four Star's coffers. Too bad we don't own shares in Four Star instead.
He has managed to run BD very effectively, and has been equally effective in paying Four Star plenty for their "operating services". In every sense, he has done a teriffic job in making money for Four Star (and his family).
(No monkey could have accomplished that..)
If I produced a balance sheet that showed I was paying out $75,000 each month for services rendered, as part of my own operational expenses, no auditor would question that fact, as I'd have the receipts to prove it. They may question my business judgement for possibly grossly overpaying for those services, but the audit would attest to the income and expenses, and hence the ending operating profit.
There would be no need for the auditor to look at Four Star's books.
The spreadsheet says it all! Lou..... any comment?
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