But he stepped down and brought in new management at the same time as the big investors that everyone was so happy about decided to invest. Coincidence? They didn't have anything to say about that?

Where's the critical thinking from all the cheerleaders?

I've talked to some past pipe investors.  They're not all thrilled with where things are right now.  One of them has made that clear on these boards. He didn't step aside because he believes there is no risk involved with remaining invested.