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<blockquote data-quote="bacha29" data-source="post: 4715619" data-attributes="member: 58386">Spot on. Demanding access to a privately held corporation&#039;s operating records for the purpose of audit and evaluation as is the case of Fedex demanding that of it&#039;s ground contractors and for no other reason than to protect it&#039;s interests is something I&#039;m sure will eventually be challenged. Who ever heard of such a thing? You don&#039;t hire a contractor to replace your roof conditional upon granting your demand to see his company&#039;s records.Moreover if any information gleaned from that audit is not to THEIR so called &quot;STANDARDS&quot; it&#039;s &quot;hasta la vista baby&quot; even if those records and practices are otherwise in full compliance with GAAP and the law in general. In doing so they are taking the law into their own hands. Clear testament as to how shaky and unstable the legal grounds the model sits on actually is. Just think. If the IRS and or law enforcement wanted to do what Fat Freddy demands of Ground contractors they would have to get a court order and a warrant. If IWBF wants to proclaim what he has is&nbsp; a &quot;business&quot; it will be for no other reasons that to pet his ego and to give him a completely undeserved sense of self importance. But they are about as credible as Trump&#039;s claim of having won the election.</blockquote>

[QUOTE="bacha29, post: 4715619, member: 58386"] Spot on. Demanding access to a privately held corporation's operating records for the purpose of audit and evaluation as is the case of Fedex demanding that of it's ground contractors and for no other reason than to protect it's interests is something I'm sure will eventually be challenged. Who ever heard of such a thing? You don't hire a contractor to replace your roof conditional upon granting your demand to see his company's records. Moreover if any information gleaned from that audit is not to THEIR so called "STANDARDS" it's "hasta la vista baby" even if those records and practices are otherwise in full compliance with GAAP and the law in general. In doing so they are taking the law into their own hands. Clear testament as to how shaky and unstable the legal grounds the model sits on actually is. Just think. If the IRS and or law enforcement wanted to do what Fat Freddy demands of Ground contractors they would have to get a court order and a warrant. If IWBF wants to proclaim what he has is a "business" it will be for no other reasons that to pet his ego and to give him a completely undeserved sense of self importance. But they are about as credible as Trump's claim of having won the election. [/QUOTE]

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