I'm 100% in agreement with your perspective on RENN. My cost basis is below $30 and I intend to hold in order to capture the payment and selling the stock for whatever residual value the market assigns to it (I'm a shade more pessimistic than you and expect $2-4).
It's the residual value which makes me curious about the short game. Full disclosure: I have no desire to short the stock. Rather, I'd buy a put with the longest expiration date...currently, this is Apr '23. Is this a risky strategy? Most definitely. But am I missing something with regard to the stock price taking a precipitous drop post record date for the payout?
News 
Market Data 
Discover 
