NEWS RELEASE

Based on our initial evaluation of our cash flows, we will still be able to sustain our operational needs, while negotiations with MWSS are ongoing. We will discuss with MWSS regarding the programmed projects and proper disposition of those during this period of dialogue. We look forward to the early resolution of issues so we can resume execution of the approved projects that will require additional funding. As we have said, we are more than willing to discuss with government on the issues they have raised. As in the past, there have been issues that we have successfully resolved with MWSS in the past 22 years. We will work with MWSS to find a mutually acceptable solution to the situation at the earliest possible time. We trust that the foregoing explanation satisfies your request for clarification.

TECHNICAL CHART

KEY TAKEAWAYS

  • There are more downside ahead
  • Cash Flow crush in the making
  • Bank might call for me and this will lead to nasty de-listing
  • We stay cautious for now

FINWAZE TEAM

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