RENN started as social networking called face book of china, then switch to gaming networking, now online financing and possible in 2016 will turn to online CASINO !!! What a business model !!!
They said they still have 50M from previous repurchase program which will expire on june 27/2015...for sure they will extend the repurchase and will buy them for below $1.50. That's why they don't buy their own stocks even at $2.80.....don't trust this Chinese guy man. Just look the chart from very first day of IPO. The analyst even hate to comment on this stock. They know this mr.fraud chan better then we do.
Because it ends in a month, it was a joke, just like the first 2 buybacks. If you look they issued 6.2 million in comp stock this quater.
Still $50M left from previous buy back program...even Renren management don't nuy their stocks for $2.75 above...why do you need a new buy back ?
Sofi is all this pig has going for it or it would be a penny stock, after that nothing. Failed in ever single area. Nobody with a sound mind would touch this joke. You people just make me laugh. Renn the stock that just keeps on delivering. If you are short. By the way students dont even use this pig, wheres the monthly user numbers
What a pos. This is not even a company anymore. Just one big pile of #$%$. Almost 50 percent dn in revenue yr over yr. and post of bright spots. Again just disappointment for share holders.this company is a complete joke. Delist this junk already. Scam from day one. Sorry bagholders but its never going back up