SLEDGE DAVID W director 5,000 at $11.19 cost $55,956.50 total shares held 92,958
it will be interesting whatever the outcome is
I seen this too many times before to not be overly concerned and cautious.
Technically some buyers have been accumulating at $16 over the past couple days. If this level breaks the price can drop another 20% quickly.
I agree...seems like Trinity might be right about them scamming and the ponzi scam coming to an end. I was surprised about the stock buyback announcement due to VNET just buying two companies and not making money. The buyback they announced I would understand if they had cash like Apple.
And what is with two buyback announcements. They couldn't make up their mind, really. And with what money do they have to buy back stock with for VNET just bought two companies this year.
Enron stock dropped to less then $1 in Nov and Enron declared bankruptcy Dec 2001... If VNET is a scandal it won't take long for the stock to be in the low single digits.
I remember a past business scandal in China. The Gov't was extremely swift and the penalty severe, more severe then here in the US.