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Renren Inc. Message Board

  • mawsii1 mawsii1 Mar 29, 2013 8:55 AM Flag

    Chen and Chao do not care about the low stock price...they are taking in private slowly...cheaper by the day

    They, the board are following Chen's path...they now own 85 % of the entire co between the 3, softbank, Chen, and Chao...they did no buying back shares to support US investors last qr...instead spent 49 million on some Kids Social finance co started at stanford...no assets, no rev's, nothing provided at all , Chen just used the shareholders capital like his own..no board members objecting, nothing...the worst IPO in the past 2 yrs...14.00 per share stealing US investors cash..800 million of it.....this is a crime...but SEC is doing nothing, RENN management doing nothing....allowing the stock to drip lower ...

 
RENN
2.79-0.13(-4.45%)Sep 4 4:02 PMEDT