Ann: Preliminary Final Report, page-26

Not sure that it's management at this point. The biggest issue is the declining revenue; we need to see high double digit growth for this to scale into viability.

The report contains a couple of clangers:

- "Existing Customers Renew & Grow Spend"
- "Program Delays to be resolved"

If existing customers did indeed "renew and grow" then revenue would not have dropped. It is literally as simple as that.

There's a frequent reference to "we've overcome these delays" and implication they the delays are on the client side, but no detail about what the delays are, what they cause might be, and why 3DP believe we are past them. We've heard this before. We'll hear it again. Maybe one day it will be true

Not concerned about the growing expenses (expected and reasonable). Not even concerned about the cash received, although I do worry that the CR will only buy ~9 months runway. Frankly if revenue isn't jumping up dramatically within that time frame then the company has no future.

The only reason I can see revenue dropping is that the product is simply not as impressive or valuable as 3DP believes.