Please acknowledge that we have been agreed for the share selling price at USD 8 million. This price includes all outstanding amounts as well as the P/N THB 240 million.
The 24% shares should be paid USD 3 million but I actually receive only USD 1 million. The outstanding IRIS owes me is USD 2 million which promised to pay within 10 April 2015, however, I still not yet receive IRIS’s remittance. To tell the truth, I feel uncomfortable in this situation as previously Dato Tan and Mr.Chang called me to speed up the transfer of inter-co liabilities at about USD 1.4 million to IRIS in order to for IRIS to transfer me USD 2 million before holidays. So, if IRIS does not transfer me the USD 2 million, I will certainly terminate all relevant agreements.
Moreover, if IRIS does not exercise the call option on the remaining shares 25% at USD 5 million within 1 year as agreed, we might offer the remaining shares to other buyers.
Please be informed accordingly. Any further questions, please contact me directly.