Ann: Corporate Presentation, page-42

The biggest red flag of all is as follows - had the pre-sales been good, and the pre-orders from retail good, and they did indeed have advance purchase orders of significant value, NUH woud have simply factored their new sales invoices and got the money upfront, instead of having to go out and raise money yet again and dilute shareholders. That my friends, would be the largest undiscussed red flag of all.