SGOCO Group, Ltd. (SGOC)

[FORTISGR]

An EMAIL i sent to VP FINANCE SGOCO
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Dear Mr. Krolicki:

I have a very important question regarding the "SGOCO Group, Ltd. 76 million dollars Sale of Subsidiary, Honesty Group Holdings Limited ". The Company entered into an Agreement for Sale and Purchase ("SPA") with the Buyer pursuant to which it sold all of the outstanding capital shares of Honesty Group ("Sale Shares") for cash consideration of US$76 million. The transfer of the Sale Shares was effective on November 15, 2011. The cash consideration will be paid in installments over the next four months.

Question:
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did the buyer paid the installments over the next 4 months after the transfer being effective on November 15-2011?

We are end of May, and your company has not even confirmed if the installments have been paid in Full. This is a very bad movement- a US company would have confirmed such a transaction (= 76 millions USD$).

IF the buyer has not paid the installments yet- and you have not PR the situation to investors...forget about SGOCO on the NASDAQ and no one will TRUST your company anymore for many years!!!!

What are you waiting to confirm the installments?

Many Thanks in advance!