Almost out of top 200 China, and top 1000 in world. What a total mess of a company. Shareholders better hope those idiots take this private. Better hope it goes private before it reports, or renn will be at 1 buck.
So what ? What the income on that 1percent , and they are selling the servicing, so no residual income with it. Mortgage carrying huge residual risk that has to be factored, bank america did 800 billoon in home loan over 2 year and still reports a lost. Gross volume is nothing, let post the bottom line, and sofi is still in the red.
U better hope this sale goes thur. Renn is worthless. Only thing people point out is sofi. The whole market is ready to come crashing like the China market. Sofi is going to be to late to market. There be no 3 billoon value on it. Now they are dumping focus and money into the mortgage market. Hilary post for more banking controll, which means heavy burdon on this Industory. Renn is worth nothing. Look at their user numbrrs on social, total joke, and just getting worst. Plus Renn wi be trading back under 3 bucks soon dailey
They can write sll the letters they want. This was a scam since day one. Chen has total voting rights, so the board is totally helpless as if they would anyway. Just like i told shareholders years ago ,their money is gone.
Invest 50 million yesterday. Is he aware that the china market is crashing down. There take private plans are done. Lol, this guy is a moron. Renn will trade at nothing soon. Us markets will break support tomorrow, and it will start its fall. History repeats its self. Just a couple months after last oil crash, us market came crashing. Commodities always crash first.
Im showing 8.1 percent. Whats that equal ? Right on stock trader app, who updates daily, and where u looking does monthly. Just saying. Down load app yourself. Either way this will be 25 cents soon
I knew it was going to whipsaw, down below 3 on just over a million shares. 25 percent in 45 min lol. I sold a little soon. But nearly clear 70k on the junk today. Now its a coin toss. If it was going to post a drangon fly candle i was going to buy back in at the close. But it sold off. It almost post a 50 percent swing. Thats crazy