Even if I take that as a valid argument... you need to compare BAL share price now of $16 and WHA $1.30
WHA is undervalued right now because of low revenues and CFDA pending.... Once we get CFDA all the contracts WHA has done with Chinese companies will be active and with CBDG JV deal... WHA will control 75% of Organic milk supply and powder... BAL is organic as well.... I think BAL will have issue to secure the organic milk and will have to buy milk supply from CBDG JV which is WHA......
WHA Price at posting:
$1.30 Sentiment: Buy Disclosure: Held
