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)