"Its too bad, since we have now missed the opportunity to get a great exposure to a solid growth story."
You can't have it both ways. If the markets had valued these names as if they were legitimate, then they wouldn't have ever been bargains, and they would have never attracted our interest in the first place. The fact that they were suspected of fraud is what pushed them down to zero, making them apparently cheap for investors like you and I to buy. It is also what capped the upside--because if they were legitimate, they were going to get bought out by management at those same basement prices.
As for being part of a solid growth story, we don't need RTO's to come over here for that. We can invest in real chinese-listed companies through IB.
Companies domiciled in China should not be allowed to trade solely in the US. It's an accident waiting to happen, because there is no oversight, no enforcement mechanism, and no consequence to misbehavior. Much better is to have a stock list there, and if they want to make it easier for foreigners to trade, then they do an ADR (NYSE) or GDR (pinksheets) to give Americans and others an opportunity for exposure.
As for buying HRBN tomorrow, don't blame me if something happens ;-) Don't say that my taunting got you into this. Your decision.
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