Ann: Project Sea Dragon Review Investor Briefing Presentation, page-30

Pure incompetence. We read this review and it is full of common sense that you would expect management and directors to have dealt with along the way. It was obviously being built on a dream and they could not come to terms with the truth. It was unviable from day one.

Why is it that management could not deal with this when the wheels were falling off back in 2021? You expect management to be able to
deal with these obvious issues raised in this review. Maybe internally they could not come to terms with reality?

Any way I am very angry and disappointed considering the tens of millions thrown at it over the years for nothing.