YaSheng Group (HERB)

[RealDutch]

The worse it looks here, the better it could get for us.

Suppose they are done in the US. Then I think they would want to get rid of us. $3/share x 15M = $45M. They already have the cash. I'll take it. Good riddance. Have a nice day...

Suppose they go dark. They can't go dark officially with more than 300 (346) shareholders of record. So they will have to do it unofficially. Let's even assume that the plantations are destroyed by severe winters and heavy rains/flooding. They will still generate $50M free cash flow every year. Transfer it to the parent? Then we will get our fair share (dividend). Nice.

So the worst potential outcome is where we are now. No filings, no website, no-one answering the phone, no news, no nothing, except a whole bunch of uncertainty and unanswered questions. It is what we warned them about. Why are we even surprised that they could achieve this? We are not...

So, I think things can only get better here, for us. Although you should never underestimate these guys

I also think you should relax a bit. It isn't worth it, the pain, year after year, and then one day the bucks come our way and it could all be over in just one day. But that's why we are at a P/E of 0.3 right, because no-one can take the pain.