That depends. They have cash, cash flow. $300M by year end. No VIE. Land use rights are owned by a Chinese entity as required by law. Unlike SIAF, where the HSA lur are not owned by a Chinese entity.
Run by the government. You would think they would do things by the book. And I think they will go private. Appraised at $15/share.
SIAF is an investment. HERB is a bet. The thing about betting is, when you think you have a winner, you have to make it work. If you place 10 bets in the China space, you will lose 7 or 8 out of 10.
What can go wrong? Time is not on our side. OTOH, cash goes up all the time. If these guys screw me then I can't trust any company. And I'm screwed anyway because the stock market is dead. And all I have left is SIAF.
You want me to go all-in on SIAF? No way. I have 2 chances now.