Thursday, July 07, 2022 8:26:15 AM
Having control over your main supplier through your CEO is great as long as her intentions are good and things are setup that way for the benefit of NWBO. It ensures that you have continuity and no vendor issues. You can be sure that you are getting good pricing and use excess capacity for other clients but then ramp up more quickly when NWBO needs more capacity.
OTOH:
Allowing your CEO to financially benefit by paying her company leads to a conflict of interest if your CEO is acting in her own best interests rather than those of the company. Is the decision to use Advent or to pay them a certain amount made for sound economic reasons or is it influenced by personal gain? Are other, possibly more capable or cheaper, alternatives ignored?
The question all comes down to what sort of person Linda Powers is and where her interests lie. I think it likely, at least at the moment, that NWBO is far more important to her financially and in terms of her life goals than whatever income is coming in from Advent, Toucan, etc. Just my personal opinion though.
Recent NWBO News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
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