Moatable Inc ADR (MTBLY)

[downthehatch]

Now we know that owners of RENN on Nov 21 will get a payment of $31.50/share on Dec 21, 2022.

So the question now becomes, what is RenRen (RENN) worth, on it's own, as an operating company?

It has a couple of businesses, which appear to generate some revenue and maybe some profits. Chime, a CRM for real estate professionals, and Trucker Path, the number one site for truckers to interact and do trip planning. They also have some investments in China, including in Kaixib, the used car dealer.

Is the ongoing business worth more than $1?
If so, the stock is still underpriced.

My gut tells me the ongoing company is worth about $2-3.