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Re: Poor Man - post# 54575

Monday, 02/22/2016 8:34:08 AM

Monday, February 22, 2016 8:34:08 AM

Post# of 705558
Good point. Further along those lines, NWBO relies heavily on contract services. While many such services would operate physically outside of NWBO's office, others might take up residence in the office. The duration could be nearly continous for years on end for some functions, such as accounting. Maby there are many such functions.

Further, with LP running three different large businesses; while this introduces pathways for improper deals, it would also make it very difficult to keep as tidy an accounting ship compared to having three different CEO's. Some slop back and forth, and creative means to balance books might be something to be expected.

Such an argument could cover anything and everything suspicious, so it is a dangerous argument. But I have recently begun to appreciate the enormous advantages for NWBO to have LP in charge of all three companies. That appreciation was not suggested by Flipper or BearTrap or anyone else. Just a result of watching the ups and downs, and aggression that the company has faced. (Though not sure she is still fully in charge of Toucan. I know she is in charge of Cognate). Without the appreciation of the true need for the head of NWBO to have control of as much finance and mfg as possible, the relationships lack explanation, and default to the facilitation of fraud. I think that may be part of the problem. The appearance of convenience for improper reasons due to a lack of appreciation of the true legitimate value of the relationships.
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