Frankly, and no surprise hearing this from me, the problems that impact shareholders are nearly all self made by management. The smartest thing LP could have done is to hire a professional management team, and not made herself CEO.
The second thing that would have been equally as smart would have been to place NWBO’s interests ahead of Toucan’s. In the long run, everybody would have been better off, even the limited partners at Toucan.
I would say 75% of the decisions surrounding NWBO were driven by considerations at the fund level.
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