Ann: Operational and Corporate Update, page-5

Re the IMA, am I correct that BPAM pays the CEO's salary and others from its fee from Beston? CEO's are not cheap so perhaps $2 million+ isn't actually a bad deal for BFC if it provides shareholders with good executive management: BPAM does imply that the IMA runs at a loss to them. Outsourcing senior management could be a smart policy for a tiny company like BFC.

I'm a comparatively recent BFC shareholder (in at 8 cents on the way down) and I can sympathize with the grumbles of those who suffered during the previous fall from IPO grace. However, the company structure is what it is, for better or worse. More important is the business outlook, which is what appealed to me. The mozza business should come back with the economy and the Lactoferrin business could also make a mozza. These factors plus the fact that a larger competitor could buy BFC from petty cash makes for an unusual but promising situation.

Perhaps BFC should send a Lacto tablet to the White House?