Joe Chen's insatiable GREED to keep RENN dirt cheap will attract vulchers
With $1 Billion CASH
Nuomi cash cow
Games Revenue Cash Cow
Social Networking 170 M active members
There are a few Vulchers can take Joe Che
n's piggy bank:
1- YY - SN competitor
2- SINA - SN Weibo / competitor
3- Facebook - trying to get an angle to enter China / RENN is a dirt cheap way to get in $1Bil cash comes in handy
4- Hedge funds can see Breakup Value
If Joe Chen wants to take the whole thing private, at his long term investors expense (People whom paid over $7/ share),
HE BETTER TENDER $7/SHARE A*S*A*P.
Anything less will subject to better offer to railroad his GREED.