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Renren Inc. Message Board

  • mawsii1 mawsii1 Mar 11, 2013 11:20 AM Flag

    110 million shares bought back so far average 4.17 per share...? How many are left, company taking control

    The float is getting smaller, Softbank 35%, Chen 25%, Chao 11%, and now the co bought back 50% of the ADS shares trading on the float, they now control over 80 of the co..., Softbank is down the most investing 420 million 5 yrs ago...down a billion since the ipo...the pressure is on Chen..today's call, his last statement is we are waiting for a call? FB, BIDU, SOHU, or MSFT can partner or take over...an offer for the remaining 20% could bring 5 to 6 minimum or much more...especially if it's a stock for stock deal...clock is ticking, trading at net book...

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RENN
2.61+0.12(+4.82%)Dec 17 4:03 PMEST

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