By way of update, please note that today we met with a Board member of Ticon and have presented them a compromise / settlement offer as follows:
1. Settlement Offer: 1,376,756 baht (Difference between deposit and judgement amount)
2. Payment terms: 12 equal monthly instalments (114,730 each instalment).
3. Payment start: 1 month after Court Compromise signed by both parties.
We expect to receive a reply by the end of this week.
Please keep this confidential and do not mention it to the their lawyer at this stage.