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Nirmeth

I don’t disagree with the basis of your message, but I have no sympathy with a consultant that will continue to works 60/90 days past a due payment…especially in the Middle East. Granted, some of the financial issues may be legacy items from 3/4/5 years ago, but whether it was 5 months or 5 years ago, running up millions of dirhams of debt is financial mis-management.

A financially sound business will have cash reserves to keep the running of the firm for a good 60 days, after which there is the option of emergency credit lines with the banks. The fact that RMJM are either unable or unwilling to utilise these options, even with the horrendous press coverage, smacks of both financial and professional mis-management.

I can sense the negative connotations of the message as I type, but it infuriates me to see the once good name of RMJM dragged through the mud through no fault of the hard working staff on the ground.

I would also like to congratulate Ray for being open and honest with the information (or lack thereof) available and having the best intentions of the staff at heart. Take note Peter & Declan!

NH