hard to believe in buying the safest when these get slammed like this...it's the cheapest in the sector...and here we are down this much...unreal...hate these days
GS manipulates everyday of the week, yet they go after Cohen? Give me a friggin break...wall is the problem with FSLR is my question...they say buy the strongest, the best in the sector...don't trust the chinese stocks, etc, etc, etc...yet fslr trades like the dog no one trusts...jks, csiq, tsl, sol, yge spwr, and scty..book 2.00 trading at 65??? WT_? sickning
Yea, stong buy for scty...to 80 giving them a market cap of 7 billion...with book of 2.40 cents...first solar has 1.5 billion in cash, 2 yr back log, profitable, and a true book value of 44.00.....So why this ....last qr earnings this stock jumped 10 pts....here we are exactly in the same spot again before earnings...GS will upgrade mysteriously after they fill their coffers and options to the upside from here..no doubt...crooks again win...and SEC goes after Cohen and not sac's...???
several years back...met doubled within 3 months....lets hope we get some steam ..good luck longs...it's been a long black dirty road holding
guess where margret went...now IR dept at litb...same story there though...Joe Chen doesn't need funding, therefore it's in his best interest to keep the stock low, scooping up slowly the ads shares..more buyback, the more he and softbank own..He'll either take private after accumulating 95% of the outstanding shares, either relist in Hong kong or sell out...why else would the co do 5 Ir conferances in Hong kong last yr and zero here...not one since the IPO...why else would this co spend 59 million on a nothing co called soci finance..no revenues,no profits...not even on the 6K's...where that money went is anyone's guess...probably a relative of Joe's...went to stanford too..hum...no board action...absolutely no corporate governace or fraduciary responsiblity to it's shareholders base...no IR dept responding back..has Sam Lawn ever responded to anyone...think not..ridiculous...a sham..because renn could be trading at 5x today's price if they acted responsible...taking 800 million from wall st at 14.00 per share and then going to china town and acting like it's a private co..well wall has voted.... ...yo.Joe, you've taken selfessly and not giveth back...I also blame the underwriters...but then again, they dumped in the first 30 days..well above the ipo...
What's your point...?? I wouldn't short this with anyones money..if that's what your trying to do with that post....
the poor management, poor board, he has taken 800 million from US investors and put it directly into his pockets...buying back shares slowly and cheaply is his plan to take it private for pennies on the dollar...his class B shares tells it all...total control...board is just friends....and over a yr past spending shareholders 59 million on soci finance...who got paid...nothing on the books showing assets, no income, nothing....a friend or relative that also graduated at stanford got more investor money...with the buyback, softbank and Joe control over 85%...wall st knows the scam but does nothing...except leave the stock where it belongs...in the trash pile...how they can put out the sale of naomi and not put figures on it is beyond me! And David Chao...jesss what did he do on the board after 6 years...investing 120 million of DCM's cash...good luck to all suffering longs...I do hope somehow this pays off, however, after 2.7 yrs from the IPO date..at 14.00 ...that is one terrible IPO for investors...but not Joe Chen...his pockets are full
We won't last to much longer down here...time for a coal run
wall st pushes up then slams down...feel like us small fish swimming with the sharks..hard to believe anything they are saying..finacials don't matter do they
coal pricing is finally moving up...walter will be in play again at some pt..you never know with this one...last month rumors were out in full force..this maybe the yr for an offer...the biggies are liquid, MCaps high, could easily do a stock for stock offer, no cash needed...Rio 1 for 2 = 27.00 bhp 1 for 3 plus cash...33 per share was the rumor last month...that would be really, nice...
come back to net assets worth far more than market cap...with more and more restrictions...coal will have to been worth alot more again...that said..I just cannot believe with the euro hitting new highs, and now nat over 5 bucks...WT-! unreal...two yrs ago these stock would have tripled.....i keep buying and losing...is it me or what !!!
chen is quiet because he is taking all he can cheaply to take private...he took his 800 million from the US , moved it to china town,,,except giving 59 million to a relative when he paid for soci finance...which isn't even on the books...it just disappeared...no revenues, assets, profits...poof...who knows really what renn really has in the bank..wall st doesn't trust him or any non acting board member...this is one that should be delisted...as he accumulates , his gains more shares for himself ..he already has total control with his class b shares...if he does sell out, it will probably be after he delists the co....Ever wonder why they did 5 investor conf in Hong kong and not one in New York or San Fran....He is the only one benefiting from the buyback..it means nothing for class A shares..
amazing how the MM's can keep the lid on it..hold
it's sicking , a month ago rumors of buyout again at 33..stock jumps huge...how anyone can believe anything that gets talked and put out...just look at GS downgrading FSLR...largest, best balance sheet, revenues booked for 2 yrs out...book at 44 per share,,,yet they upgrade scty book at 2 buck trading at 69.00 ?? Crooks
I'm just baffled...need to get out...nothing makes sense here anymore...steel sector upgraded...all pointing to better times ahead, and here we sell off left for dead...does anyone have answers?
crooks, wall st crooks
Yea, alot more to say...but Margret left the IR dept and went to LITB for good reason...she was the only one ever to respond to email requests...Sam long...really ,,,only on a few press releases did his put his name and email address there..I've emailed him at least 12 times in 2 yrs...never, ever a response...they really dont give a hoot about us stock holders...they are taking it over, slowly, and carefully without allowing the stock to move up much...the ADS float has been cut from 52 million , and not sure exactly what's left that they haven't bought back..my guess is less than 18 million shares..which give Chen and Softbank most of the ownership.....they will take it out I do think at some point private...then relist in Hong kong....they did 5 investor conf there without telling anyone..no press release..nothing...ridiculous fraduciary actions...should be sued from US stockholders ...amazing to me that softbank is giving Chen so much rope after investing 400 million 5 yrs ago?
guys do...it's time for sec complaints...anyone can do it..
I would differ on the value .with 360 million tons of coal.....developed mines could easily bring at least 2 bucks per ton...buying IRP for 475 million in cash just a few yrs ago certainly took away the cushion...but added met giving even more value to James...it is cheap by any metric, and coal prices weak for them...but,,,any of the larger co's could take the cash, give them stock for the buyout....pay off all their debt and operate cash flow positive immediately...that is why I believe...certainly hope, will happen with this small fry that got sqeezed to death....Or even a private equity co taken them out....BK could be used and is an option ,and wouldn't help most...wow...hard to believe...even fannie and freddie are not 10 times higher than when everyone stated the stock is worthless