Mark On Broker Briefing, page-19

Hi Bundy

Having watched the presentation, I do share your concerns.

Mark is not a great presenter. A lot of umms and ahhs.

"If it looks, sounds and smells like an amateur, then it probably is".

That's certainly not always the case, but it speaks volumes when a CEO can speak well, share the vision passionately and bring you along for the journey.

IMO Mark has done an exceptional job in leading Spacetalk through R&D phase and into the early stages of pivoting into a sales business.

This is by no means a sledge on Mark but more so a compliment - he's created this baby and it may well be past the point of him being the best man for the job. It might be time to consider bringing on a more experienced CEO who can really drive Spacetalks growth into international markets.

Sky truly is the limit with this company if they can get the product launch and market depth right.