Ann: Private Share Placement, page-58

I think this is another example of a project too big for a minnow to deliver.

The Russian conflict and subsequent surge in the urea price aligned the stars perfectly for NRZ.

Management talk the talk over the years but have been exposed in the truth telling stage. 0.059 cents is nothing short of a complete disaster and as you correctly say most probably another CR to follow. The cash burn is at the point $1M raises do not last and each CR droves home the reality that management have completely lost control of this one.

The idea was great. Most things were there but the size and complexity have been too large. Throw in filthy conduct like turbines that just never turned up? Clearly management have 0 credibility now and this ship is going down IMO.

Absolute slim chance of success moving forward. High risk, we all knew the risks.

GL everyone and don't worry we will make it up on the next one.