Letter to Chris Woods, page-76

Commercialisation been slower that is for sure as unfortunately AL not experienced to guide the company here. Hence for $670k per annum you could find a better and more suited candidate to grow the company. As Al is just a hack and not the experienced industry relevant corporate executive xped should be recruiting to replace him. The problem is you got the two tech founders who are also the major shareholders who have as much corporate experience as my pet cat and are too naive to know better and fall for the slick wheeling and dealing al does with out realising how scatter gun and unstrategic al has gone about it.

Al has bugger all past track record as a successful corporate executive and needs to be replaced. If wood and shultz don't grow up and wise up quick smart they won't have much shares left to support al with all the continued dilution.

They need to stop rewarding al for smokes and mirrors and reward him for real results which is revenue and profits. Every weak executive group as lack of commercial accumen on the board.