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Dear Na,I had a conference call with ResponsAbility today. They have okayed $500,000 for purchasing the Bioaxiom land. Unfortunately, René told me that Noel does not want to sell the land. Chai, please confirm with Bioasia they are not selling.The total facility we have is $2,000,000. Should take this as soon as possible while the Baht is low.For the funding from ResponsAbility we need to provide :- contracts / Purchase orders - Schedule for draw-down of the money (when we want how much) between September 15 and December. This must all be completed within next week.If Bioasia does not want to sell the land we will use part of this fund for equipment. I have already told ResponsAbility this - but it must be covered by purchase orders.We have the following orders now :- Transimpex 13 fcls per month = approx. $3,000,000 - they will send more orders for another 5 fcls or more soon- René : confirmed but no orders yet : 2 x parboiled, 3 x Jasmine = $1,500,000We can give ResponsAbility the orders from René and get $1,200,000 to start and then get more orders from SageV to complete the rest of the loan amount.Triodos is giving us $1.5m but has a 1.67 ratio. So we need $2,500,000 of orders to give them. This can be from Transimpex.Please arrange all above. I will ask Sage V and Western Foods for their P/O’s.Thanks,
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