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Renren Inc. (RENN)

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Last Post: 5/18/2021 12:46:23 PM - Followers: 39 - Board type: Free - Posts Today: 1

Link to New York Supreme Court SCROLL system wher you can find and read about the derivative lawsuit In Re: RenRen, Case #653594-2018-- SCROLL (state.ny.us)

RenRen used to be a social media company in China, but is no longer. It now owns Kaixin, a China-based used car business, and Chime, a real estate software system.
As of 2020, the real value is the money that will be coming back to shareholders through either a settlement or a verdict in the In Re: RenRen litigation, which is worth potentially $500 million dollars.

Here is the company description from it's current website:

Renren Inc. (NYSE: RENN) operates a leading premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as several U.S.-based SaaS businesses.

Our used automobile business provides car purchasers in China with access to a wide selection of used vehicles across our network, with a focus on premium brands such as Audi, BMW, Mercedes-Benz, Land Rover and Porsche. In addition, we arrange financing options for customers through Ping An Bank and other financial services partners. We also offer value-added services including warranties, insurance and after-sale products and services. Our after-sale products and services include registration, detailing, maintenance and accessories. Our used automotive sales are growing rapidly. As of March 31, 2019, we had 14 dealerships in 14 cities across 12 provinces in China.

Our SaaS business began with our launch of Chime in August 2016 and it was further expanded by our acquisition of Geographic Farming, LLC, in August 2017. Chime is an all-in-one real estate solution provider and Geographic Farming is a 360° real estate marketing and media service provider. Unlike our other businesses, our SaaS business is currently focused on the U.S. market rather than the China market.

Renren is listed on the New York Stock Exchange under the ticker symbol RENN.
Link to company website: Overview | Renren Inc. (renren-inc.com)

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RENN News: Notification That Form 20-f Will Be Submitted Late (nt 20-f) 04/30/2021 04:01:14 PM
RENN News: Renren Announces a $6 Million Equity Investment in Kaixin Auto 04/06/2021 05:00:00 PM
RENN News: Renren stock soars with callout on Seeking Alpha in the mix 02/19/2021 10:05:54 AM
RENN News: Amended Statement of Ownership (sc 13g/a) 02/16/2021 01:44:28 PM
RENN News: Statement of Ownership (sc 13g) 02/09/2021 11:54:02 AM
#917   Dear downthehatch, would you know if the defendants filed Chrysanthemis 05/18/21 12:46:23 PM
#916   Yes-- it sounds like the judge was downright downthehatch 05/15/21 01:50:02 PM
#915   Dear downthehatch, Thanks for the link and the information. Chrysanthemis 05/14/21 05:52:50 PM
#914   Thnx for your comment and link. Smooth_Legend 05/14/21 04:43:43 PM
#913   Correction: downthehatch 05/14/21 04:29:55 PM
#912   Big day for RENN after the judge slapped downthehatch 05/14/21 04:11:58 PM
#911   Thanks @Smooth_Legend for your fast reply. StockpickerCAPC 05/14/21 03:39:57 PM
#910   https://we.tl/t-4CVvZBbPM9 Smooth_Legend 05/14/21 03:35:32 PM
#909   @Smooth_Legend, please post a Link of the lawsuit, thanks. StockpickerCAPC 05/14/21 03:25:54 PM
#908   Renren jumps after judge says defendant must produce Smooth_Legend 05/14/21 10:14:47 AM
#907   SoFi Moving Forward With Pre-IPO and SPAC Offering Plans. StockpickerCAPC 05/13/21 08:00:09 AM
#906   Social Capital Hedosophia V Will Perform Much Better StockpickerCAPC 05/10/21 09:39:35 AM
#905   $IPOE & @SoFi update: The S-4 SPAC merger Smooth_Legend 05/07/21 03:17:08 PM
#904   After a very rapid rise, a little pause today. downthehatch 04/27/21 11:22:28 AM
#903   Another big day for RENN. downthehatch 04/26/21 02:23:01 PM
#902   I hope that settlement includes shares of SoFi Smooth_Legend 04/25/21 07:37:35 AM
#901   A post on the SoFi SPAC board, IPOE, downthehatch 04/23/21 03:59:06 PM
#900   Can’t think of better timing for the settlement Smooth_Legend 04/23/21 03:09:27 PM
#899   It is certainly possible that the value of downthehatch 04/23/21 02:29:27 PM
#898   If we get $500M worth of SoFi shares Smooth_Legend 04/23/21 01:36:43 PM
#897   A lot of buying today. downthehatch 04/23/21 01:13:33 PM
#896   Here's a YouTube video that explains the whole downthehatch 04/22/21 02:50:45 PM
#895   FYI: According to Yahoo Finance, 49% of RENN shares downthehatch 04/20/21 01:22:59 PM
#894   Bargain price today. downthehatch 04/20/21 12:46:35 PM
#893   Agreed. Smooth_Legend 04/16/21 11:32:50 PM
#892   People ignoring a big windfall on the way downthehatch 04/16/21 03:49:01 PM
#891   Judge enters "Show Cause" order. Filed on April downthehatch 04/16/21 12:12:54 PM
#890   Wow, what a scumbage this Joe Chen continues Smooth_Legend 04/15/21 04:13:44 PM
#889   iBox is now relatively up-to-date. downthehatch 04/15/21 04:09:18 PM
#888   I bought more this week, by the way. downthehatch 04/15/21 01:22:25 PM
#887   The iBox on RENN is badly out of date. downthehatch 04/15/21 01:20:12 PM
#886   Lawyers in In Re: RenRen have now filed downthehatch 04/15/21 12:14:00 PM
#885   Everyone is entitled to their opinion of course, downthehatch 04/07/21 11:54:56 AM
#884   No one cares what Joe at this point Smooth_Legend 04/07/21 11:07:53 AM
#883   The key to a settlement happening is it downthehatch 04/07/21 10:56:00 AM
#882   Renren Announces a $6 Million Equity Investment in StockpickerCAPC 04/07/21 06:29:06 AM
#881   Think how much more SoFi stake is worth Smooth_Legend 04/07/21 06:15:24 AM
#880   I'd be surprised to see this case make downthehatch 04/06/21 04:10:31 PM
#879   Joe Chen will be made posterboy of what Smooth_Legend 04/06/21 03:16:11 PM
#878   New York Appellate Court Upholds Renren Derivative Litigation, StockpickerCAPC 03/22/21 08:03:52 AM
#877   Derivative lawsuit explanation. downthehatch 03/19/21 10:54:18 AM
#876   Appeal of RENN derivative action is denied. Great downthehatch 03/18/21 11:55:47 AM
#875   Great buy-in opportunity here. downthehatch 02/22/21 11:05:00 AM
#874   Unbelievable Opportunity here: downthehatch 02/18/21 11:44:30 AM
#873   Huge swings in daily trading here. downthehatch 02/17/21 04:04:45 PM
#872   News: New partnership with RENN subsidiary: downthehatch 10/08/20 03:40:49 PM
#871   From a chart perspective, this looks like it downthehatch 09/28/20 11:34:12 AM
#870   high volume it could be shorts are covering. CINCY_4MONEY 09/23/20 01:21:18 PM
#869   short Squeeze. short need to cover soon this CINCY_4MONEY 09/21/20 11:32:44 AM
#868   NEWS: $RENN Did Fiverr (FVRR) Push These Penny whytestocks 09/10/20 04:00:11 PM
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