Renn, has to be a scam. No news or a word from them in months. They will take it private for 10 percent of ipo. Man I got killed in the #$%$. I think on buyback they sold puts, and bought shares cheep. Then bought insiders at a higher pps. This is how they got to a 4.20 adverage. Late reporting, and no insider report. Looks like wall st figured this out.I almost sold yesterday, I should have
You can pooh, pooh what he wrote, but he's exactly right. The stock price completely backs him up. The market is at 6 year highs and this stock, the supposed "Facebook of China" is at all time lows.
How could that be rationalized in any way other than Chen selling out the shareholders. You may want to start facing the facts.