Probably why there was not a big range on 20K shares, I expected to move RENN up a few cents on my buy. As usual, after buying it promptly dropped to 3.09
Looking forward to finding out what happens with RENN, I'm sure Softbank is looking into the losses posted by Chen and going to do something about it.
China tanked. Didn't see that coming. At least not that soon or that big. I have a very small stake left in RENN and I am up this year so it's not a big deal to me but if you think the deal is going through you know what to do.
Now whats renn worth? What sofi worth if we have a meltdown? Nothing on either. Hope chen loses every penny he has. He deserves it . No buyout just like i have said. Its going to delist alright. On bk
You must be insane, your money is gone, told you that for years. Plus he is not even going to pay 4.20. Trust me the hosing is not over. It was a scam day one. Only #$%$ would have stayed in that pos
Is RENN for sale or is it for sale to ONLY Chen?
Don't understand. One is for the benefit of ALL the stock holders and the other is ripping off the company.
Its a public company... Mr "No face" should let us know if RENN is for sale, maybe someone might bid on it. If Chen is hiding and funneling money lets find out and send him to Chinese prison.
Yea ? What idiot didnt know this years ago. I love Chen. Anyone with any common sence shorted that co over and over. Hate to see them go, only sure thing. Lmao
Joseph chan is a scammer. no conf call, he sold RENN stocks for $14.00 and took the money. now wants to go private for $4.00...its another Chinese scam
Sentiment: Strong Sell
It's not dropping as much as I thought which in my opinion means that the shareholders that are left are thinking along the same lines we are or they are those in the know. Not as many manipulators these days. However it's still early. I believe $3.25 is the absolute bottom this stock can go as long as the offer stays on the table. I feel between $3.60 and $3.80 a share is where this will average out for the next 90 days or until privatization.
Agree. I don't think we will see better than the $4.20, but that is a good return from here (and even moreso from where I am going to buy more today). Hard to get that kind of return in this market right now.
Unfortunately I don't see a SoFi IPO this year. Which is good for Chen because it then becomes speculative. That is exactly what he wants! The longer they wait the better. And I don't think you will see a pullback on the offer because he knows what's going to happen in the future. This is all calculated and planned. Manipulation at its best.
Throwing everything and the kitchen sink at it. Don't underestimate the value of SoFi. This is Chen's dirty little secret. Keep it under the radar. Maybe nobody's looking. SoFi has a great business model and moving up in ranks quickly. $4 billion valuation. This is why Chen offered $4.20 per share. Get it in and approved before the IPO. Wait and see; Chen's new business model will be based on the SoFi model. This time it will work and Chen can smell it. He wants it all and at the cost of his shareholders sweat and hard earned money.