LONDON (ShareCast) - (Sharecast News) - Walcom said on Wednesday that it expects to be able to meet its liabilities as they fall due until the end of next month.
The company said it's in discussions with chief executive Francis Chi regarding the provision of further funding for additional liquidity.

"Whilst the board is hopeful that these discussions will have a successful outcome, there can be no guarantee that the company's working capital position will be stabilised.

"In the event that it is unable to address the working capital shortfall, the company may be unable to continue its operations and may be forced into liquidation with a consequential diminution in value to shareholders."

Walcom said it will make further announcements in due course.

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