took , sold, stole, and hasn't done anything to benefit anyone but himself and his cronnies...Wall st is far from chinatown...absolutely the worse ceo of all internet co's listed here...CYOU gave back to us shareholders a one time div of 3.85 cents last yr because they had more than enough cash...So RENN sits with a billion, buys back so slowly on the buyback it doesn't support anymore value that where it lies...slowly he and softbank owns more....plan is to take it private for cheap, then sell out to one of the biggies...He was a billionaire when this IPO'd for a month or two...he may be smart but yet unbelievably ........well, if he played to the street and put out press releases, cut costs and show a profit...wall st would easily push it 3 to 4 fold and he would already be one of those billssssss.....good luck, renn has dissapointed mostly everyone hopiing for the miracle.
good luck longs...wall st manipulators really can take you out...hang on
Buy back is a sham, the more they buy back slowly the more Joe' owns and controls...class A and B Shares is ridiculous...and to think Morgan and GS pushed this out at 14.00 per share is the same sham.....the co is certainly worth far more, but until Joe sells out or partners with FB no one believes in the long term plan...3400 employees , buying Soci finance for 59 million...no shareholder or board approval...just Chen buying out a friend from Stanford...no financials no revenue, nothing....just RENN buying what co? So what is next for this left over...trading at practically cash....anyones guess...znga and renn are about the same on wall st...trash stocks and management....Has anyone looked at znga insider sells....non stop...at any price...employees don't believe either...good luck to all suffering longs...only hope is a white knight...
Good to see btu results , everything is improving slowly and steel demand rising alot more than anyone figured...
unreal...as if no one cares anymore..even with the huge div...just don't get it
yahoo has it at 15.13 and the 50 at 14.28...?? either way, wlt is acting well finally getting bought up on dips and holding the gains..but lets hope we have good news out of btu in the am?? praying a little too!! good luck to all suffering coal longs...it's been a hard trade
next...good luck to all suffering longs...staying with the trade for now...T3 live put wlt on their buy list just yesterday....GS bogus upgrade to 15 was to let them buy in...next upgrade will be huge...
at least we closed at the high's of the day and week..good luck all longs..maybe monday will be big news...might jump 3-4 bucks if Loeb takes a position...
just don't get it, so bad to sad...wrong stock
Doesnt matter, choa has done nothing , he should learn from Ichan how to invest and be active shareholder fighting for valuation...Chen controls it all and doesn't care about US investors...period..
at least 20 plus per share, but the insiders paid close to that for 2 million worth of shares so my guess 25 plus
CYOU paid out 3.85 to each ADS...Sohu is considering .....Joe Chen took 800 million at 14.00 per share 2.4 yrs ago and has not done anything but take care of insiders and himself...money is back in china town under his total control...as the reason the B shares issuance....softbank invested 410 million 5 yrs ago...and board member Dave Chao has done nothing , absolutely nothing even though he's a San Fran hedge fund manager sitting on RENNs board for 7 yrs now...entire board gets paid for allowing the stock to trade at so called cash...there is no fraduciary actions on anyones part at RENN...unfortunately..wall st hates chinese companies still that act in their own benefit...they stole 800 million as far as money managers are concerned..over 1.5 billion in losses incurred, CHEN buys SOCI finance for 59 million prior to spending the funds set asided for the buyback...at this time 48 million was left...noalo one knows where this money went..no accounting , nothing reported, no assets, sales, profits from this investment....soci finance was started by some so called sanford kid.....chen's relative maybe? Shareholders paid for this, but have nothing to show for it...not even a line item on the last financial?? and while the stocks sitting here this low and all other chinese internet companies flying...RENN isn't moving and the buyback is just falsehood pr..alot of hooey, fluff...nothing...unfortunately.....chen needs and wants a buyout offer but doesn't want to lose control...he is in the drivers set alone at the wheel...anyone riding in the car can just suffer, hope, go along for nothing for yrs, or be lucky when something positive happens by default of the bigger players taking control...lets hope that's the case.....
or GS...taking in cheap shares before the upgrade...
better, sector still so cheap...fund managers will start the push...just hold tight...base has built support for a big up day soon...2.00 plus...good wishes to all coal sufferers......been a long time!!!.
luck to all longs...last yr all coals moved up the first week of sept...sector slowing ...very slowly gaining some volume. ...one of these days someone...will put out a buy on the sector...heat accross the us is still an issue, inventory levels down below normal, car sales 5 yr highs, new construction 5 yr highs...europe getting a little press that it's getting out of it's funk.....and money managers really don't care...if they can grab 20% gain from here...anr, aci, btu...and wlt all look great right now.
Wall st hates Chen...and RENN...only hope is someone taking us out...how this can trade down after the huge deal with BIDU just teaches me again and again..you just never know..it's the manipulators in controll....as always...we're just small fish in the big sea of sharks uh...suck weekend for sure!!
not much has changed...nat gas still rising , now over 3.60 even after todays small sell off...so what is up?
RENN has just been a disapointment for two yrs...get sucked in the the co doesn't even hire a PR firm, or attend investor conf here...they need to be taken out and put the symbol out to rest...CHEN cares only about himself..
god this one has been tough...sector slump
steel demand growing...we tick up, then back down..can't hold gains..next week maybe the break out run..last yr the first week was great for all coals