I agree with you if you are only looking at day trading--short term liquidity is critical. I've been long on HHSE for a couple of years now while they have been building their business and brand. I am content to wait until the audit is done and they uplist to a higher exchange. I believe when that happens liquidity will not be a problem.
There may not be much visible on the bid but just try buying half a million shares and see how fast it goes up. Not many sellers ready to sell at these levels--just the flippers. At the end of the day HHSE will do very well for the longs in my opinion.