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Renren Inc. Message Board

  • shaukathmughal shaukathmughal May 19, 2012 3:29 PM Flag

    I JUST SENT EMAIL TO JOE CHEN RENN CEO

    Shaukat mughal
    3:20 pm (0 minutes ago)

    to:

    joe.chen@renren-inc.com

    date:

    sat, may 19, 2012 at 3:20 pm

    subject:

    renren stock price



    mailed-by:

    gmail.com

    to joe.chen
    dear sir,
    since the ipo the stock price has gone down significantly.
    yesterday was face book ipo and some one dumped over 2 million shares in 5 minutes , that dropped the price 21 percent. In one week price drop was 40 percent.
    in november 2011, you announced renn shares buyback. But looks like you have not bought enough.
    you have to protect your company, your and our stock renn and you must take appropriate action to safeguard
    share holders interest.
    short float is 77 percent. Who is shorting?
    with all due respect rumor is your friends in wall street and hedge fund managers.
    please do something to protect our hard earned investments in your company.
    we have lost huge amounts and we want you to stand beside us and protect our investment.
    thank you hearing me.
    please reply

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RENN
1.73-0.060(-3.35%)Jul 1 4:02 PMEDT