Well, the shares are not worthless if the company was planning to go private in the first place. Then nothing changes after revocation except that you can't trade your shares anymore.
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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