"The history is that whenever LP's nwbo ownership drops much below 50%, some event under her control as CEO (debt conversion, options grant, share grant) quickly restores her to greater ownership, and at zero cost to her."
According to ex she doesn't own anything near that %... So which is it?
You are right. I am hoping that LP's financial shrewdness works in my favor.
Regarding the other aspects, hopefully there are checks and balances in place, in the form of a Board that monitors and approves various financial proposals. Certainly they are not under my control.