Conspiring to keep selling fake shares when the whole float has been sold in RENN for months, it has to go higher but the longs are being scammed with naked shorting on a scale I have not seen in over 20 years trading.
The greed of this breed ruined investing< most people believe the stock market is riiged and rightfully so< just look at the $500+ million fine that goldman sachs paid last year, the largest in history paid by any firm!
I agree, after looking at RENN, how in the world can a company with so much going present and future, trade for a marketcap of just cash on balance sheet? Impossible it would seem, some would surely be implicated soon.
To top it off and make things very bad for NYSE future legality problems, it seems the richest man in the entire country of China has just joined the board of directors of RENN inc. Big block buys during market hours are sure to start soon as well as the proper legal channels one of his magnitude can afford.
I would sell NYSE as it seems they could be 3 or 4 whistleblowers from having to be shut down. RENN would be 50 on nasdaq, just shows you how manipulated and outright fraud is going on if your listed on the NYSE, especially a china company.