There are queries a plenty that how will Speak Asia be able to pay all that is due to its panelists...
::: Here is my understanding of this Situation:::
::Sources of Funds::
1. Not everyone is going to ask for the complete money immediately as there is a big surety of business coming back to its normal operations. So when money flows in with new joinings , these old liabilities can be paid off.
2. Many renewals are due, when business is going to restart the revenue from renewals would also come.
3. Then there are defamation suits filed by company, money from those too will be received and can be used to pay back the dues in the normal course.
4. And most importantly, The revenue from real clients of speakasia not to be forgotten..
::Liabilities to be paid ::
As per my understanding the immediate liability of the company towards panelists is
1. The cash request which were bounced in the month of May and June
2. The money which company needs to pay for the Persons opting for exit option.
3. The government Dues where applicable.
4. Rest all liabilities can be paid off once business comes to its normal operations through Earn and Burn Points programme..
By the way I am responsible for what I say and not what u understand!!!!
Yes, I'm an honest Indian citizen.
I have full faith in Indian constitution.
I'm a supporter of SpeakAsia. - Sanjeev Khanna
::: Here is my understanding of this Situation:::
::Sources of Funds::
1. Not everyone is going to ask for the complete money immediately as there is a big surety of business coming back to its normal operations. So when money flows in with new joinings , these old liabilities can be paid off.
2. Many renewals are due, when business is going to restart the revenue from renewals would also come.
3. Then there are defamation suits filed by company, money from those too will be received and can be used to pay back the dues in the normal course.
4. And most importantly, The revenue from real clients of speakasia not to be forgotten..
::Liabilities to be paid ::
As per my understanding the immediate liability of the company towards panelists is
1. The cash request which were bounced in the month of May and June
2. The money which company needs to pay for the Persons opting for exit option.
3. The government Dues where applicable.
4. Rest all liabilities can be paid off once business comes to its normal operations through Earn and Burn Points programme..
By the way I am responsible for what I say and not what u understand!!!!
Yes, I'm an honest Indian citizen.
I have full faith in Indian constitution.
I'm a supporter of SpeakAsia. - Sanjeev Khanna
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