Saturday, November 04, 2017 10:00:03 AM
Many of these Chinese companies seek a listing in China as well, btw.
So the stock is not worthless. I know what happens when a stock is delisted from Nasdaq/Nyse or ends up on the grey market. You lose 80% of its value. But HERB... is already trading at a P/E of 0.2.
Parent owns 83%. They have to buy out the other 17% in order to go private. If they don't, they can't transfer a single penny to parent without giving the minority shareholders their fair share. Even AFTER revocation. Nothing changes. So basically, they have to get rid of the minority shareholders (us) through a buyout.
So why this claim that your stock is worthless? This is one crazy market. And there must be more companies like HERB.
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