do you know how to read a filing? go to footnote 6 and you see they own 41%( and recently has gone up to 49%) of that sub and not 9%. In addition, the sales stream, according to shipley(which I will wait to see in the new filings) is 90% to BCLE because of the structure. They can only own 49% of the sub in order to qualify for the veterans benefits.
I'm not going to play this back and forth game with you,,do your own DD and figure out if you want to own the stock or not.