NIU 0.00% 2.0¢ niuminco group limited

Even if they do get the 1m, which i still doubt... i wonder how...

  1. 419 Posts.
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    Even if they do get the 1m, which i still doubt... i wonder how much of those funds will have to be spent on NIU's massive debt.

    As a trader, I never paid much attention to the Half Yearly report tbh, but now that I've sold out, everything just seems clearer. I just had a look again at their Half Yearly Accounts, announced on 16th march.

    $3.2million debt as of December 2016. (includes relatively significant current liabilities such as their chatteau mortgages in arrears)
    Last edited by MrSpecul8: 25/08/17
 
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