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krar►at�rrtd �hat arn�r�rhip to tiir <br /> r►it�. Y�t h� ■ayr h� dau not hav� <br /> dir�ct or ind�rrct l�n�ncill <br /> int�r��E in th#,� businw►s. i! <br /> tran�action ha� taktn p1�c�, i! v� <br /> probabZy donr tor oru doil�r. I'�• � <br /> tryinq to �how that it's a"stua <br /> 1�rans�►ction". x��,th�r l4r. Btittl�r <br /> a� Ais wi, t� rr� qofnq ta ls� �►arkinq <br /> in th� s�or�r�. Th�y ar� both sub-� <br /> Ch�ptir � Corporatians, ��1 inco�p� <br /> lAovs into th*ir p�rsanai incow� taac <br /> r�turns. Y�t, h� �as no pirsonal <br /> int�r�st fn this busi,n�as? tiov �u� <br /> did h� a•11 it rar to a�v��t <br /> �is��lt7 Did h � s�ll �.t at ,rucb a <br /> �ubstanCial las■ at to show th�t it <br /> is a "��ue �rnn:action"? <br /> Davidsan ixplain�d thst th� applic�►rG i• not r�quir ta an�wi�; <br /> thos� qusstions un�.�ss hM choas�s ta do so. <br /> ��_ �tay I�sk tor a point ot' ru�• as to <br /> �rhy h��a noL rsquir�d to3 <br /> Grilrithrs x! ths apy7.tcant choas�i not to <br /> answ�r � q4t�stion surh �a t.haC, t,b� <br /> Lio�nsinq ]luthnrity can tak� th�t <br /> r�fus�1 t� an�sv�r 1.nto account in <br /> a�lcin�I its d�Cisi.on. Is your ans�ryr <br /> �tf 11 that yau choo�• not td ana�r�r? <br /> 9t1rll�r: I cart ax►aW�r. t�ty wi!'� has h�r cvn <br /> sourc• ot fund� and can provid� th� <br /> Continuinq aparet�ort o! th� ],i�uor <br /> sCor�, <br /> Grittiths: Th• qu��tion wa�r "D+a you Y4avr an <br /> int�r��� i�r. that liquo= stor� <br /> ind�r��tly by roaraon at �h� lact <br /> tha� your wit'• nor own� th�t <br /> 1 #,c�na�?" <br /> St��t2�rs z jus� an�rw�r�d that. Sk�� h�r� h�r <br /> aour�� v! tunda and tt�■ h�r <br /> inv�stm�nt. zt's not sy o++n <br /> invist�s�snt any�►ar�. I h�v� no <br /> int•r��t in it. <br /> pyn�= Th� Cor�,�ara►t� R��ards/Minut�s snor <br /> thst th� capita��.x�tion is tor <br /> l� <br />