He could state that he intends to buy back shares as the price of his stock is severely oversold. He could do like he did in the past and not buy any. It wouldn't matter. The statement would prevent the stock from eroding further.
Chen could say a half dozen things that would give support to the stock. Of course, as we all know; he will do NOTHING.
Does Chen run out of news? I remember he sold his Q1 ER last Monday and sold the Q1 ER releasing date 10 days before last Monday. That timing was perfect and successfully destroyed the up-trend!!!!!! Chen is a master of stock market, sometimes you have to believe he has a hedge fund manager friend shorting RenRen stock, and he has been working with him for a while, just like other post suggested.
I truly think he desn't understand the US consumer and our needs. AND, he doesn't care. He is smart, he just doesn't care.
There are many great leaders, but the truly great ones care and lead that way... Welch and others
......"care"?........get real, mon.........this is cold, hard
business............PERIOD. There's 'no "caring" in
the stock market world!...just like "no crying in baseball."
BUCK UP, sailor!!!
this isn't some random guy from China running this company, he lived in the US for a long time (still might, i have no idea) went to school here-a very prestige one at that, company trades here, it DOES NOT trade in China...just a crappy CEO
Chen has never cared about the shareholders. When he announced that 180 million buyback we got no news for over 5 months about the progress.
During the earnings we found out that he only bought back a very small amount. This isn't the action of a CEO that has any conviction.
If Chen cared about the shareholders, he'd immediately issue a PR stating that he felt the stock was ridiculously cheap and manipulated to price so far below actual value that he intended to initiate an immediate buy back program.
Chen has no balls. Chinese CEO's suck.
He's a worthless CEO. Hedge funds know that they can screw his shareholders with abandon because the guy plays the deaf, dumb, blind, mute so well.
Even when the jackazz has an opportunity to say something to help his shareholders he blows it and actually does them further harm. The guy sucks as a CEO.
No investor relations
No press releases
What does the guy do all day? Think of new ways to spend his newfound wealth while sticking his thumb up his rear?