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Renren Inc. Message Board

  • mawsii1 mawsii1 Mar 15, 2013 2:07 PM Flag

    shareholders deserve a new CEO and one time dividend....CYOU last yr gave out 3.85 per share? CHEN is not

    doing it for anyone but himself...absolutely the worst CEO and should not be Chairman of the DOD either...stock collapse since the 14.00 IPO has costs investors over 4 billion in losses...He and management doesn't care...Softbank's investment of 420 million is down too, so is David Chao who is on the board, also to blame, company has not purchased anymore shares on the buyback that started 18 months ago..even at today's prices...instead, they buy some sort of finance co in san fran that doesnt have income or assets and spent 49 million doing so instead of support it's shareholders...this is one of the worst managements I have ever seen totally disregarding their friduciary responsibilites to shareholders....the plan is the keep the stock low, slowly bleeding the remaining shares so they can take it private for very little...They took 800 million of US investors money....and control everything in CHina where the sec has no influence. Softbank owns 35%, Chen 25%, Chao 11% and the company bought 50% of the us float traded as ADS they now control over 85%....once they take in the remaining shares below 3.00 or less...they can make an offer for 4 to 5 bucks for the balance and own everything...Who needs US shares if they have a billion in's a shame

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