Ann: Annual Report to shareholders, page-51

I did tell IOR investors many times previously that getting paid in India is a problem. You were obviously surprised when the IOR Company Secretary confirmed what I had been saying.
I'm surprised that IOR doesn't advise the market of the problems with payment. Its obvious from the cashflow reports, but it should be mentioned as well as the amounts owing at the end of each quarter.
We all know however that IOR doesn't like reporting the facts, they just like to give a candy bar to investors and gloss over the important details.
I hope your new investment turns out better than your IOR one.