Ann: US Expansion Plans Temporarily On Hold, page-72

I am reposting what disturbed the ant’s nest back in December 2023 and had them scurrying to silence me and attempt to sue me for defamation. There are a few irrelevant omissions, but the message has not changed, and I believe that where the company is currently situated verifies the essence of its content as true.Share price at posting was $0.89.
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I've been involved with this company since 1992, and in my experienced view, the current situation at our company is very concerning.
The chairman, who stepped in following Alan Morton's resignation, lacks prior experience in such a role.
His independence is questionable due to his 17-year tenure, leading to a dynamic where both he and Matthew Twist, CFO, and executive director, are, in my opinion subservient to the CEO in the board room. This is particularly problematic because the CEO, in my opinion lacks the necessary background experience and vision to propel the company forward. The other board members, unfortunately, in my opinion, don't bring the requisite experience or talent to drive growth either.
Our revenue growth in the last few years can largely be attributed to discussions and decisions made before, and during 2020, like the acquisition of QSP in Queensland, the hiring and importation of skilled migrant workers, Gateway Engineering, and the US expansion.
Furthermore, client relations are suffering. One of our North American customers is so dissatisfied that they're considering a full refund on their specialty-built cladding system, which is still sitting idle in Smeaton Grange.
Additionally, our New Zealand client is still waiting for adequate training, programming, and a simple materials list.These issues underscore a pressing need for a leadership overhaul and a strategic shift in our operational approach. It's vital to address these challenges swiftly to leverage future growth opportunities, maintain customer satisfaction, and avoid as much as possible the real and obvious reputation repercussions.________________________________________________________________________________

To clarify, and so it is not distorted again by the gaggle of MOROSOPHS that occupy the BOD: I do not claim that the discussions and decisions made before, and during 2020 were solely of my input.I am simply stating fact. And as the Founder and Co-CEO, during those discussions, I was an important contributor. Where are we now -

• A year and a half of litigation attempting to shut me up.
• A share price of $0.375 (down from $0.89 at the time of my original post).
• The North American specialty-built cladding system is still sitting idle in Smeaton Grange, with no positive or conclusive determination in sight.

On this last point, and as I have stated previously, I developed the initial successful method and materials for this company’s application.The success of their trials on these samples formed the basis for the purchase, design, and manufacturing of a bespoke Laser Cladding System.It was only after additional samples were requested and Laser Clad without my involvement that the issues arose.
What I am completely bewildered about is this:No matter what thinly veiled excuse was used to refuse my request to rejoin the board, the fact they never contacted me for assistance with this very important problem displays not only a total lack of emotional maturity but, more importantly, a total disregard for the company and the majority of its shareholders.
Disgusting!
Here’s the brutal reality:

• Costs are through the roof.
• US expansion has been put on hold — why? and when will it happen? The patent I developed has a limited life span and is not being fully capitalised on due to incompetence.
• The missed opportunity with AML3D is undefendable. And again, no discussions with any experts.
• There have been no innovations.
• Very questionable expense allocation and undisclosed transactions.
• No clear future directions.
• No positive market communication.
• Right now, I am in New Zealand, having been contacted directly and asked by the management of Holster Engineering (LaserBond Licensee) in Tokoroa for my advice, instruction, and both basic and detailed training for their personnel on the detailed process of laser cladding.Their system was purchased, I believe, sometime in 2022. I will admit, I was very embarrassed after initial discussions and operation of the system. I am now their go to for technical Laser Cladding advise. In my opinion, their system is not fit for purpose. The LaserBond Technology Sales brochure is just plain misleading BS, and they have not delivered on most of the claimed Licensee benefits within it.Enough of this bullshit.They are not fit to run our company!