Cliffs Head's operational costs of $4.2 million make it a financial drain in its current state. In hindsight, I take responsibility for continuing to invest in what has proven to be a poor-performing asset. My initial instincts were correct—this company has been a persistent money pit. However, ongoing assurances from both the broker and the company that a deal was imminent led me to stay involved. It’s a hard lesson learned, and I now have to accept that recovering my full investment is unlikely. Given the repeated delays and unfulfilled promises, the CEO should be held accountable. The discussion about Korean partners started over two years ago, yet the only tangible outcome is a non-binding MOU, alongside $10–15 million in capital raises and a company now struggling to stay afloat. The CEO should step down immediately, if he refuses to resign, the board should take decisive action to remove him.
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