You want to play in the China Sandbox, you have to play by their rules. You have no recourse, get over it already.
Because No One Cares! Its a sub Billion Dollar Market Cap Company with minimal Institutional Long Investors. DANG is an ATM for Shorts!
Really Genius? The stock is trading at 2 year lows and the buy out offer is less than $8. How are the shorts in trouble? There is more possible downside than upside in this piece of garbage.
It is just about time that MEET does one of their fund raisers so that they can continue to pay themselves their out of whack with reality salaries.
That being said and with no one else making an offer to buy, it looks like they will walk away with the company for $7.81 or less. Well played by the dirty little China Girl and her spouse.
Wrong! If there was a better offer someone would have made it by now. $7.81 is the best offer on the table and that is the offer the board will take.
Special Committee believes that YuYu and Li are DANG DANG and that if they were to leave it is of no value so the shareholders should embrace the $7.81 offer.
You can't even break 100 Million. You are a POS and Zuck is a Titan!
The only lining up will be that of the bag holding longs in the welfare line that have been overweight this piece of garbage stock.Those that didn't take the $7 and run today may be very disappointed. Don't assume that $7.81 is a done deal. This stock can go so much more lower.
Told you this was a scam stock.
Notice how quick those two pieces of filthy sheet are trying to push their offer through. I wish more of you had listened and got short when I told you to when it was in the 11's. That was such an obvious pump and dump.
He would take a huge stake in call options and then buy the company for a fair premium. The gains on the call options alone would finance the deal. He did that last year with a Pharma company and made something like a Billion on the trade.
I always suspected that you were an Idiot. Now you have confirmed it. If you own this POS company I seriously doubt that you don't have a loss. No way you own this POS at a cost basis below $6.50. Even if you do, you have lost a load of money due to the mismanagement and manipulation of the stock by YuYu and Li. I have been telling you people for ages that they wanted to take DANG private and they had no interest in showing gains or the appearance of a sustainable profitable company. That alone as in investor entitles you to the right to sue. These two clowns certainly have not been operating this company in the best interest of the investor. They have intentionally held the stock back. You think it is a coincidence that YuYu has not hired a CEO or CFO to replace her as the acting officer since the last one left? You longs are getting fleeced and I as a Short Love It!
What do you have to say now? So many of you clowns used to post how you are long term investors and that you had time on your side. How you would be rewarded for your patience. How did that approach work out for you?
They are accumulating because they are will/are part of the "Buying Group" that is looking to take DANG Private and then IPO it in China.
Only Invesco has a larger than 1.5% stake in DANG. They will probably do a deal with YuYu and Li where they retain their shares and then will has a stake in DANg when it goes public in China. You remaining longs better sell while you still can. I don't think Peggy will end up paying anything close to the current price today in the 6.50's let alone the ridiculous Non Binding price offered of 7.81.