What a joke, nobody wants this miss managed POS. Delist this pig. It will never see 3 bucks again.
Yea and paid almost 4 bucks a share for the ones he did buy back. Never touched the float, only bought comp shares, Cfo and board member that left shares. Worst over with another 30 percent decline in revenue from this quarter. What a joke. Stock will never see 3 again.
Traffic falling back off like a rock. Traffic dn 400 percent worldwide, and 1000 percent in china. No news but bad news in 4 years. No launch of education site. ( which they never will.) People still post renn is a good company. Lol. And im the idiot. Renn will delist by yr end, under 2 after report date. Spending all the cash on hope and a pray start ups.
I told you 2 months ago, money has rotated out of china stock, 80 percent are 30 percent off high. And going lower as China slows. Sure a couple golden stock are up but not many. Renn goes much lower Easy 25 percent return on renn if you are short.
With the buying spree chen has been on renn wont have 400 million left. But you are right days are numbered for renn
Idiot that has owned renn since 12 bucks, change the name same idiot that wrong for 3 years, by the way im not short, havent been since it last little pop. Been long nbg since 98 cents . So hold on to this pos all u want. Volume so dead it cant be traded
Listen idiot, chen is spenping money like water know . With no investment patteren, none of which will bring income to renn platform. These idiots are being put on all these boards. They have no intent to make renn money. Ive said this for years, while idiot like yourself have said i would be sorry. Only people that are sorry are stockholders. He is spending cash to drop renn pps to almost nothing. Take it off the market and have a billion in vestments in start ups. This is not brain surgury. This is a scam. This ceo has done nothing but tank renns stock.
The dang scam is coming to a end, delaying earnings, no reschdule day is a train wreck, most likley CFO refusing to sign, that why last cfo quite. Now renn CFO walks out, and only replaces with a inside temp. All these scams are coming to a head
Going to be delisted by year end. This CEO. Has no clue. Over 30 percent decline next quarter in revenue. CFO bailed, only board talent bailed. Still losing 35 million a quarter, investing in start ups with no clear future, and no revenue for renn. Over 9 million share reported bought back. Volume supports nothing of such, only buying comp shares. Float not being touched. No future for renn. All money spent soon
Delayed earning are train wrecks, always huge issue, like cfo refusing to sign. With past CFO quiting, and replacing with a insider. And to top it with no date, this could be a delisting coming