All of these buyouts wont happen now. These crooks where all trying to run and ipo in china. They screwed dumb us investors, now running to screw china. But that whole stock market there is crooked. Lol.
I agree. Even if no big US shareholder exists, we got law companies that they make a living out of these kind of lawsuits. And they are good at it, they even create something out of nothing in these cases (mostly for themselves). Now that you gave Chen the idea, watch him start selling his US assets!
No law suits, nobody will take on a China co, waste of time. Plus he owns controlling share, number one rule, dont invest in co with ceo has controlling vote. Almost 0 can be done. And nothing is going to done on this buyout. Who couldnt see this coming need to stay out of stocks
was using "his" (because that is how he thinks about it) IPO money to buy U.S. based assets. When the lawsuits begin, that is going to be a big, big, big problem for him. All his disclaimers about investor's inability to enforce their rights because the company is a Cayman Island company and his wife owns the key holding company that actually control's the key assets of the company isn't going to matter at all when a judge issues an injunction preventing RENN from receiving any proceeds from SoFi IPO and claimants begin attaching this and other assets. This is going to be fun!
Nobody is going to sue? You forgot the American way of justice!!! Lawyers will gather as many small fish together for a class action suit. Since THEY get 33 to 50% of the lawsuit you are darn sure there will be one. No need for any big players to sue. We are talking MILLIONs of DOLLARS for the lawyers which will come out of the profits of the small shareholders and partly from CHEN (for being stupid). I still get checks from chase bank and several others for 30 cents occasionally (my part of a multibillion dollar suit) Yes the lawyers got the millions - make no mistake THERE will be a lawsuit.
Well hes not. In fact on the nonbinding offer, he will lower the offer. Notice all the other china stock are all trading below there buy out offer price. This is because smart people knows thesr crooked companys are going to steal all they can before delisting. Nobody os going to sue, no big players with huge postions. Only small american fools own renn.
Any U.S. company thinking about doing an IPO is being told by the investment banks to get on with it-and fast. The truly smart money sees the writing on the wall. If you are the founder of SoFi you want your $3.5 Billion IPO (RENN owns about 1/3 of the company) NOW and you are not going to delay it so Joe Chen can try to steal the company from current shareholders. If suddenly RENN board announces they are accepting Chen's offer then the Cayman Island lawsuits begin and this all get tied up for quite some time. Chen should stop this buy out ruse. Get the stock of RENN up. Take his windfall profits from SoFi and other venture investments and say thank you to the U.S. shareholders that made it all possible by giving him stewardship of their money which he promised to use to increase the value of their investment.
EVTI has its own portfolio of stuff selling on Etsy and all of sudden analysts are looking at its growth potential. Will it ride a wave to $1.15?
How renn doing ? Where is the lies at now ? All the badhing i took, and look how stupid you pumpers look now !! Chen will lower the bid, thats why its non binding, after no other offers appear as you pumper make up. Chen will adjust his offer much lower. Writing on the wall, selling like crazy. !!!'