[Uni-verse] Problem Urgent

[Ton Roosendaal]

Hi,

This afternoon I go over this with Angela. But I don't know what it  
means... can you elaborate the below statement for me? When then does  
what get paid, and what does it mean for cashflow?

The BF is the smallest of the participants; we will depend on the  
subsidy money quite some. We have sufficient cashflow to pay several  
months in advance, but we cannot afford to do this for a full half year  
period.

-Ton-





On Tuesday, Jan 27, 2004, at 22:55 Europe/Amsterdam, Gert Svensson  
wrote:

> I have received the contract from the commission for us to sign.
> There is however an unforeseen problem in the contract.
> The pre financing is 26.67 % instead of normally 80 %.
> This would mean that we have to wait longer for proper financing in  
> the project.
> This is no big problem for us but what do you say about this?
>
> I called the project officer immediately and he claimed this was done
> because if the bad financial situation at KTH.  This seems quite absurd
> as we are a part of the Swedish government. Country of Sweden going  
> bankruptcy??
>
> Anyway the situation seems to be that we cannot change this
> without further delay in the start of the project.
>
> Please let me know your comments!
>
> Best Regards
> Gert
>
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>
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Ton Roosendaal  Blender Foundation ton@blender.org  
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