I couldn't read through the static very well, unfortunately; communications was not my division. However, a few things seemed clearer to me than you may have caught. Or perhaps I just heard them differently.

[He clears his throat.]
The system isn't perfect; maybe it never was. ...keeps slipping ...bad.
...chance to strike back ...more dangerous than ever.
Zemeckis was never stable, I see that now. But it's only gotten worse since...
...he's losing control. Not just of himself. Of the system. Of everything.
...he's wrong ...Some kind of carnival. You need to know.
...I don't think he's trying to hurt you though... he only...
...find the answers you're looking for, there. The codes, the holes in the system...
...whatever happens to me... going through those holes could take you where Mayfield even...
I know. I'm in one of the ...something... now... better here than Mayfield.
And if you find Annie, take her with you. She needs your help.
...signal failing. I don't know if anyone heard this, but... have to get out of that town. For all of our sakes.
This is Richard Gray signing off.

[A pause before he continues.]

Rather disjointed, nonetheless.