Morgan Stanley which owns over a million RENN shares affirmed the shares currently have a $5.22 current value. With this investment to Baidu the company has $1 billion in cash and no debt. There sales are worth $2.66 per share which doesn't include cash on hand or intellectual property. Mr.Chen is looking to get atleast $5 billion for a sale in the next 18-24 months. That would command an almost $10 per share price at todays level.