We had internally discussed with our Head Quarter’s Corporate Controlling and our auditor that we could release Sumida shipment to PTS as soon as:
1) PTS to pay additional EUR14,000 as downpayment for Sumida project
2) PTS to inform us when is the payment date for June 2016, as proposed in the payment plan, preferably we can receive EUR25,000 by 10 June 2016
Once we received EUR14,000 from you and your commitment date to pay on (2) above, we could ship the Sumida machine to you. By end of June 2016, our total exposure should remain more or less the same as before, this is the reasons for getting additional EUR14,000 from you.
We hope you understand our position as we have to answer to Head Quarter and auditor at quarter end and year end.