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Providence needs to cut costs to the bone. Salaries should have been reduced because these unnecessary costs put the financial viability at risk. Situation with melody finance needs to be sorted out and clarified. Providence needs to hold on in 2016 for long term shareholders to benefit. It would be a disgrace if irresponsible spending and wastage forced the company into selling assets for next to nothing. Lets hope we get some transparency and clarity from the management soon.
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