India + Taiwan deal, page-7

This doesn't make sense. Why would GMV fund the purchase of its own product?

The concern raised here is that the company that has signed a binding MOU with GMV committing close to half a $B has ZERO funding. They are planning to raise capital through equity/debt, however, I doubt they have the ability to raise that much money considering their share price and revenues.

There are millions of smart people out there who fail many times. An appeal to authority argument is a logical fallacy. If there is new information discovered it should be assessed on its own merits.

Keep in mind, I'm not saying there's any risk to GMV. The worst that can happen is that they don't receive any money from First Channel (and possibly overproduce some inventory). If someone told me they would give me $90M I would also agree, even if I wasn't sure they could actually pay up.