Quotient Limited (QTNT) is a perfect example of how management change can make a huge difference. I was very encouraged last year when the company announced that CEO Cowan is leaving and that Franz Walt would take his place. At the same time, I was cautious because of the difficulties the company had with the development of MosaiQ. Since then, Franz Walt turned the company around completely — from a company constantly missing deadlines, extending development timelines and putting the company in a dire financial situation to a well-capitalized company with clear development