AXE Chart, page-369

Correct. Simon said in that interview, and I'm paraphrasing, Since Feb 2024 he, Simon has been in charge of dev of both technologies. With no involvement of Mo."some what independent of Mohammad" Then since July it became official and that was better. "disengaged from his activities"

Looking for someone now will mean looking for a CEO who isn't as intimately acquainted with the pure science of nanomaterials IMO. I think the CEO doesn't need to be hands on like Mo was in earlier years. Pretty sure Mo was involved with which lab would do what part of the graphene deposition on silicon. A series of European foundries and fabs. He was literally building a new supply chain, piece by piece. When you're so involved in the nitty gritty, you can not have the time or the skill set to market the company's vision. He was doing a CTO's job in 2021-22. As a consequence the market announcements were highly technical and he believed spoke for themselves. It did persuade people like me to take AXE more seriously. To this day I think the work AXE teams have done is solid and valuable, it can be built out and one day marketed. The risk is in the things that are not in AXE's control. Macro conditions in the US, Australian national semiconductor policy, leave alone quantum capability. Funnily enough, Mo then began to devote more time and media to global conditions, Silicon valley, WEF, Australian government bodies. None of which, in my opinion, was worth it for AXE. Founder CEOs have their place and move on. Now AXE will need to get someone who knows the art of the deal and the lay of the land so to speak.

A challenging position to fill for a company as cutting edge and as ambitious as AXE is. Meanwhile Simon is a safe pair of hands to build on the hard work of the teams. He is engaged with customers now to design the right TMRs for use. Bringing some part of the quantum work to market. The first time AXE is talking direct with customers.