Granted that the message is short on any concrete progress, just the usual talk about "efforts ongoing" for future success, plus the grim financial realities.
But between the lines, IMO, there is a very positive message. Mr. Dodd is taking this seriously. He is not involved just to make a quick buck on Medizone, and then move on. This had been a concern for myself and others since he came on board.
The fact that he made the effort to be open, frank, and as informative as he could under current conditions, indicates a professional attitude which is a very good indicator for the future.