I cannot agree more. Not sure why these people are wasting their time on this board if they are not long. This company should be trading at 1.50 today. I also believe a homerun. I won't tell you how many shares I own since no one will believe me but let's just say I helped the vote. The new business is worth a buck a share, the cloud business is worth 10-15 cents, the club one is worth 15-20 cents at least , mmo gaming nothing, other trademarks and games and investments worth 25 cents. This stock is unknown and when the company gets the story out to investors it will be 2.00 before you know it. I think we see 5-7 in 2 years. Many exciting possibilities.
I am actually really happy with all of the pessimism on this board. It actually gets me more excited to buy more. This CEO is turning the ship around. He is about to execute a major takeover in a very hot space and the company has cut losses and he put his money where his mouth is. The CFO change is exciting, IR department seems to be in good hands and this stock is oversold due to Renaissance. The fundamentals look great and while the past is the past I understand some of this hatred but seriously this stock should be $2 bucks today based on cash, cloud service business, gaming business and other ownerships in private companies. This will not stay under a buck much longer. They just had annual meeting to vote on purchase of shares. Insiders have been in a blackout period. Look at the possibilities with the valuation and it is hard not to want to throw the dice at these levels if you have not been burned before.. EASY DOUBLE but could be a 10 bagger with a little execution. This CEO did not destroy this company!!!
Today everybody should be buying...they are going to close acquisition soon and buyback millions of shares. The selling pressure has been renaissance computer model selling 100 or 200 shares every 2-12 minutes. They should be out of shares any day and insiders of company can also buy shares soon. Good luck to all and all the naysayers please get short or add to your shorts because this is going one way from here!!!