I own both NHTC and USNA. I initially bought NHTC in 2003 when most of its revenue came from US. I sold them in 2005 when its founder and previous CEO disclosed some improper inside dealing, and eventually the previous CEO left the company along with most US sales associates. US sales became negligible afterwards. After it struggled for a few years, its Hongkong sales began to recover about 2-3 years ago, then I bought back my NHTC shares. Since I knew a few distributors and customers in Hongkong, China, Canada and US who love its products, I am keeping in tough with them regularly, and I know its business is booming not only in HOngkong but also in US and Canada in the past year, I have kept most of my NHTC shares in the past 2 years.
In 2011, I lost a lot from China small caps. When management team in US listed China companies make fraud, they would be punished by neither US nor China, and there is grey area. I can feel your pain and others here. But as you can see in their 10k, both NHTC and USNA are always US companies, and their management teams are always US citizens, and they will be most likely punished in case they indeed make fraud. Therefore it is unlikely that they dare to do so.
Last but not least, NHTC's current management team cares shareholders much more and keep cost in check far more closely than its previous management team.
