Re-rate, page-203

Hi Ushiva, I have to agree with you that the marketing strategy has been off, mistakes like targeting Latam and Asian telcos, the lack of deals coming from the Macquarie Telecom, T-Systems and COLT partnerships, and delays in cash revenue from existing deals does point to a dropped ball on the marketing side. One of the biggest risks was always the ability to commercialise their IP, but you would hope that the calibre of their board should have mitigated this risk. Appears not.

I can only hope that the appointment of Bill McCluggage can get this POC across the line. Success here will make the marketing of Safe Share so much easier.