If this company has hi growth potential the market would have priced that in. The market sees no profit yet and refuses to give a hi multiple on hi growth fantasy! (that many of the posters with emotional attachments like yourself).
This is a highly competitive field in China.....25 or more social media players there. So any hi growth can be short lived. The next phase is consolidation. RENN has already stated that profits (if they are successful in the mobile land grab) are far off. The market has no guarantee of that!!! No Money No Honey...and that is the right call the market has made.....Book Value till proven otherwise!