What a pos this Renn scam is, nobody wants to own up to being a bagholder and buying renn on the FB hype, especially since FB will not bottom till between 18-22... imagine a renn bleed of 3-5% each of the coming FB red days till FB hits a more realistic pps.
Gotta be the biggest pos scam, naked shorted mess listed, Goldman the phantom share issuer loves the naive longs here in my opinion.
I picture a senator saying to Goldman higher ups, "listen I read the rolling stone article, looked at the proof and lost money in RENN and that FB pos, I'm not too happy with you guys or the scam you are running.
Goldman guy says back
Well tell the stupid CEO of the china scam you invested in if he wanted a halfway fair listing and a chance the scam takes off, you list on Nasdaq like BIDU SINA SOHU NTES and many others, how many china scams you ever seen from launched north on the NYSE? And the NYSE wonders why nobody wants to list on the NYSE?
"Listen we will send over some 5 star girls from the private agency and a key of 90% pure powder over, after the weekend if you still think we owe you money we will refund your losses, don't buy anymore RENN though, we can't cover ADR's a second time as they are some of the riskiest stocks on the entire exchange.