Replies to post #1024 on Moatable Inc ADR (MTBLY)

[downthehatch]

Thanks for doing all the math here, Chrys!
I agree we are getting close to a resolution, and the price action which has been very steady in an unsteady market reflects growing confidence in a payout around $30. Every time the price dips down below $28, it seems to bounce back fairly quickly. I've tried to buy shares around 27.50, and nobody is selling there.

And, of course, after the payout there would still be some value to the RENN current operations. Not sure what that value is, but it is likely that it is at least a dollar or two.

[Enterprising Investor]

Renren jumps after judge approves settlement in derivative litigation (6/09/22)

Source: Seeking Alpha