Nothing surprising This is a usual practice for companies faced with harsh times, have to trim any type of expenses considered non essential.
And it doesn't necessarily reflect the work performed by Nav. Those are incredebly complicated obstacles, transitions, agressive correction by the market, and requires experienced management in order to successfully navigate these hard times while maintaining goals and remain fiscally responsible.
The oil and gas industry, farming, lumber etc, it happens all the time and only the companies with strong fundementals and management teams survive.
This is a new industry plagued by questionable practices and unreasonable expectations by a large number of LP's. It became the norm and Supreme has to deal with the turmoil caused by others.
Nothing suprising about this news. IMHO