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Re: Poor Man - post# 64565

Thursday, 06/16/2016 10:19:27 AM

Thursday, June 16, 2016 10:19:27 AM

Post# of 703843
"I do believe there are corporate governance problems and structural issues with how this company is managed. I would bet dollars to donuts that's why many institutions have kept away."

Not a radical thing to say, but it is substantive because it distinguishes the reason from advance knowledge or guesses at eventual demonstration of efficacy.

About 2 years ago a true whale (I believe) wandered onto the message board briefly and after a few back and forths, left with a final comment matching what you are saying. He claimed that the unusual business relationship between Cognate and NWBO was why he and other whales were staying away. I think implied was the unusual control that LP has. (Not to say that some of the current posters do not appear to be whales)

My opinion on that is relatively unimportant, however, over the years I did grow to appreciate the tremendous advantage to NWBO that the Cognate relationship could provide. The tremendous advantage in having complete control over critical mfg issues with complex budgets and timelines as well as technical challenges. Leaves all kinds of room for abuse, and the relationship may have been abused, but there was a huge advantage. It makes total sense... just a question of whether or not it was abused, or to what degree, in my opinion.
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