So just for the sake of clarity - 1) it was very publicly stated that Peter's son was heading up DI, we had access to the business registration and Alex was mentioned in the news releases.

2) PYR took the position that DI was not a subsidiary and there was good reason to accept it to be the case, it sounds like under the current accounting rules that PYR reports under, there are maybe some particular reasons why it has to be considered a subsidiary even though PYR did not intend it to be that way (Peter, please correct me if I'm wrong here).

3) PYR did not intend DI to be a subsidiary but a further-than-arms-length company, as such, it was not the stated intent to skirt international business embargoes but, if I remember correctly, to take advantage of the business climate of New Jersey (or Delaware - I forget now where the business is registered, and where it pay taxes; it does business in NJ though I'm pretty sure). Whether or not it was beneficial to have a non-Canadian business able to negotiate with Saudi Arabia, Peter was very clear that it was never the intent behind setting up DI and that it would be a bad idea to state your intent to circumvent business embargoes of a country in which you reside. Fortunately we had other reasons to have this arrangement in place. Also, I believe no business was actually done between DI and Radian while the embargo was in effect (for Canadians at least, I know SA discouraged their businesses from doing business with Canadian companies for a longer duration, but it was less official).

Apologies if I made any mistakes, best wait for Peter for the most accurate explanation - I just remember going over all of this A LOT from April 2019 to March 2020  - I mostly wanted to address your comment with point 3 because it goes directly against what Peter stated.