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      "Rewrite topic titles as action titles: e.g. slide 4 → 'NEWS has trailed BDC peers by X% over 3 years, eroding standalone optionality'; slide 6 → 'Standalone plan delivers only $X EPS by 2019 — below cost of capital'.",
      "Insert a 'Complication' slide between 6 and 7 that explicitly states why standalone fails, so Osprey reads as the answer rather than an alternative.",
      "Add a recommendation/next-steps slide before the appendix (new slide 15) with a clear ask of the board: approve, timeline, key conditions.",
      "Move slide 18 (pro forma impact) to immediately follow slide 14 so the analytical climax lands before appendix material, not after it.",
      "Replace 'Preliminary' hedging in titles with the actual finding — 'Preliminary' signals to a board that the banker hasn't committed to a view."
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      "No closing recommendation or call-to-action slide; deck trails into appendix tables (15-17) and disclaimers without a resolution beat.",
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