How bad is it? Pretty terrible, even for a 1980's ninja Frankenfilm.
Should you see it? Nope.
This was directed by Godfrey Ho under a pseudonym. It has some ridiculous dubbing, a torture scene where the villain cackles and the victim giggles, a scene where it looks like ninjas turn into fish (I think I missed something) and some bad 1980's fashion. The plot has something to do with the CIA trying to stop drug smuggling ninjas, with a second unrelated film spliced in.