2014 AGM, page-21

What I don't understand is:
1) Why would EWC still have Standard Chartered Bank as their financial adviser to coordinate the structuring and arrangement of debt finance in relation to the development of the Philippines LNG Hub and Power Plant when SCB declined to make available the second tranche notes to the sum of US$25,000,000.00.
2) One would think that with SCB having a Non-Executive Director sitting on the board that they would fully understand and agree to the intentions of EWC for the Philippines projects.
3) The one thing I do understand is that all the project borrowings that EWC have in place have been to the benefit of EWC and well negotiated by Elliott and team.
4) One reason I believe that no further financing has been forth coming is that Mr Elliott and team only want the best deal for EWC and at the end of the day if nothing turns up then EWI may come to the party again. Only my thought but I think that may be the case.

Looking forward to the half yearly this month showing some more photos of all progressing projects.