please help me understand something, page-30

Here is the email i sent to ECT nearly twelve months ago.

And no i didn't get a response.





I would like to bring to your attention the following paragraph from the
chairman's address;

"As of today’s date, Monash has not delivered any further placement monies however we are in receipt of a letter from them which states that the first tranche of $1.0m will be delivered to us during next week, and further tranches of $1.0m each will be delivered each fortnight until full
settlement of the $6.0m is made".

The wording "will be" is used twice in this particular paragraph..it is quite obvious this has not come to fruition. With this in mind, one could assume it is a misleading statement.

Some clarification would be very much appreciated.