Monday, July 06, 2020 7:55:27 PM
No. The sister company has developed an online sales platform in recent years. And HERB has not.
I think the plan has always been to merge with the sister company. At least since 2016 when Ms. Wu was fired or perhaps even years before.
They want a senior listing. Also, they prefer not to give the minority shareholders $400M in cash if they can give us sister-company stock instead. Stock, that could be worth $30 or more depending on how the Shanghai market reacts to the merger.
Look, I said in 2015 that this is the preferred solution. It doesn't take a genius to figure it out, when the sister company has a P/E close to 100 in Shanghai and HERB has a P/E far below 1 on OTC.
Recent HERB News
- Form C-AR - Annual Report • Edgar (US Regulatory) • 02/26/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 08:51:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 07:00:08 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM