NO you are wrong.
They are currently trading at $1.40 USD and were below $1 2 days ago. Moreover there is no liquidity so you couldn't even sell this garbage if you wanted to because there is effectively no liquidity.
So they take your money offer you no buybacks and you can't even sell it. How is that a good result?
They are waiting for regulatory approvals. It always takes time. You can't just expect it to magically happen within very short period of time