I haven’t seen The Titans of Wall Street, but I get the...

I haven’t seen The Titans of Wall Street, but I get the reference. In every industry I’ve worked in, there are always middlemen trying to take a clip—some borderline scammers, others genuinely adding value, and many somewhere in between.

When Denis Wood was steering the ship, the capital expenditure-to-market cap ratio looked a lot healthier. I suspect there may have been an assumption back then that any required equity component could be raised from existing shareholders. Unfortunately, that’s no longer viable given today’s market cap and capital requirements.

As for the current advisors, they do have strong reputations to uphold—but ultimately it depends on the individuals within those teams. Fingers crossed we’ve got a crew that values reputation and is working in shareholders’ best interests.

Personally, I’m less concerned about what fees they might take along the way and more focused on the final outcome. I’m happy to give the advisors the benefit of the doubt—for now. The true test will be the financing package they eventually put forward, and that’s when they can (and should) be properly judged.