We understand and share the disappointment and frustration of our shareholders. Financing is an important piece of the puzzle for the success of this business model. All delays on expectation of tower build have been caused by the delay of closing this financing. Unfortunately, we do not have full control on the process and timeline but we do in our ability to meet the conditions precedent for every steps. 

Investing in emerging markets like Africa on a project like NuRAN, cannot be done via typical commercial banks due to many factors. The DFIs are the way to go but they have rigourous process to follow. We are highly convinced that it will provide high value for our shareholders once completed.

In terms of timing,like us, the DFI representative are pushing to close the deal as soon as possible but we cannot commit to a specific timeline. We are confident that today's financing annoucement will support the company on the build and the burn to get to the signature of this loan agreement. 

We are following up with them regularly and will keep our shareholders informed of disclosable events as we go. 

Regards