Today, Jan 12th 2015 is the completion of my 3 years contract with the Thai hotel unit. What started as a fixed deposit test property ended as my worst nightmare now. Well, dealing with Thais in general requires a lot of patience, all would be fine if i have time on my side, however, due to my aggressive acquisition of properties, I'm kinda stucked... I needed liquidity now. Since September 2014, I've alerted the owners of my intention, hoping they could improve their efficiency. It was only last week, they told me they had a change of CEO and the new CEO will need to go through the contract again and requires more time.
Well, generally I do not have much issues with Thai honesty. They will honour their word and contract, however when would the money come in it would be a unknown time. I wonder if clocks and calendars work in Thailand?
Update on the 23rd March. Lovely Miss Ploy went to take a look at this unit of mine which is still stuck. I don't know how to talk to thai... so much miscommunications.