In general, yes.
However, Triway have already hired at least one external board member with an outstanding track record and with no prior history of SIAF. The valuation of Triway that I’m referring to has been used by Dun and Bradstreet (“D&B”) when they assigned its strongest credit rating, 5A 1, to Tri-way.
The implication of that is that even if the rest of the company (SIAF) is worth zero, this is still an outstanding buying opportunity.