in weeks the real name reform issue will happen in china,
and that will have a profound effect on ren ren, in a very good way, bidu too
all others who are not on real name platforms,
which is every other social network in china ,
will have to restate real name users vs. accts
that will make for rev revisions for sina and QQ, sohu, etc...,
not ren and bidu
at this point this is the most pressing issue facing the chinese web, it is literally 20 trading days aways
real name platform or not...? thats the new reform line...
for example, sina reported recently having 17 million new accts,
only 2.5 million were real name
how can they justify ad sale rates based on 17 million new accts,
when only 2 million were actual people?
do u actually think advertiser will use the fake number as their metric, no they will use the real name, that belongs to a wallet and eyes, not fake accts...
u can imagine the rev revisions
coming to co.s that exist out side of real name platforms
sina's well touted 250 million users.... are really going to be about 165 million...
looks like ren ren will surpass that number this year,
making ren ren the biggest SNS in the china,
ren ren wont have to revise earnings or explain user numbers vs, real name user numbers to investors who will wonder how the co, will continue to bring in revs based on 250 million users when they only have 165million or so?
Here is a read for a real clueless.
He unloaded 13 million shares on IPO day. That's why it affected the IPO price and it dive down hill.
There's one more article said he unloaded 90% of his shares on IPO day. Will let you know once I come across it again.
U mist live an amazing fantasy
Any material insider sellinv has to be fully reported
Chen jas only added to his postion, so these things u have read, all make believe
One lil sinlge peek at the insider action here , that is fully public, and show chen didnt sell like u state...
I would luv for u to provide the link showing chen sold a majority of his stake...
U will spend the next for ever wasting ur time
Get a clue, i beg of u
I'm pretty neutral with RENN. I never bash any stocks.
But if that's the way it is, then it's it! You probably never came across reading the piece of information I've read, so I'm not surprised that you were misinformed.
I know RENN has a great growing potential, but based on the past information..Joe Chen did sell most of his holdings. If he would had kept it, why would he announced he will buy back??? And most investors whom bought at IPO price are long waiting for him to buy back so the pps would rise..
In the end, Joe Chen is an investor himself..he sold at a high price and waiting for the pps to dip to buy back for a profit!
Enough said. RENN will have no strong hope until it break $6 with steady rise. For now, it's only good for day trading for a small gain.
Look at BAC, if RENN can perform steady like BAC with no long idle or big pull backs, then an investment is worth the risk.
I would agree with that, this is is ren rens mo mo to lose...
Thy got what they always wanted, lots of new press, lots of volume and upticking
After the last year, that must be a good feeling for them,
But the need to accomplish one thing if they want gain any real respect, and that the IPO
Trading 200% away from their listing price even after a 50% rally
Has got be the number one goal for ren ren
Trading under IPO price has got to end....
And if ren ren really wanted to garner true market cohesion and respect , they cant trade below where they debuted...
Bc until renn returns to 14 there will always be the question of why it trades 200% lower than what they just opened at 9 months ago.....
Ren ren wants respectablity, then thy need to bring their trading price to the thier ipo debut
Until then, its hard to get mass appeal....