To the Nautilus management team:

It amazes me the amount of money Nautilus has gone through; probably close to 100,000,000.00 dollars since January '08. Investors like myself are losing faith in the dream and management's ability to get the job done.

At this point, all exploration should stop!! Without a mining permit/license the deposits might as well be on the moon. Close your foreign offices and fire/layoff all non-essential personal. Nautilus needs to get on with the business of proving the viability of mining the ocean floor by running a scaled down version of the planned mining operation.

This ship is SINKING!! New financing will become increasingly difficult and I for one will not invest any more of my hard earned cash in what appears to be an incompetently managed company!

- perhaps the board/management needs to be replaced

1. Fire/layoff all non-essential personal
2. Get a mining license.
3. Trial mine using scaled down equipment to work out the inevitable problems
4. Become self sufficient now.

Anyone else share my sentiments?