$AIXI With so many illegal short shares I'm wondering how that works when management announces a one time special dividend of $22 per share on the $AAPL settlement? When it happened to $RENN they were awarded $370 million in the penalty and punitive phase so they announced a $33 special dividend. Rather than just dump the money into everybody's account, they just took the stock from $2 to $33+ overnight.
I think shorty will have an 8th floor date with destiny when that happens. And it will happen.
$KXIN Kaixin and Renren. Unmasking the Saga: A Timeline of Suspicion, Losses, and Potential Fraud
By Andrew — Investigative Reporter
Renren Inc. ($RENN), once valued at $7.4 Billion after its $14/share IPO in May 2011, is now a shadow of its former self. Delisted in August 2023, its market cap had plummeted to $30 million. Its offshoot, Kaixin Auto Holdings (KXIN), seems to be following a similarly catastrophic path after going public through a reverse merger with CM Seven Star Acquisition Corporation, (SPAC). Bypassing the traditional IPO route…Today, Kaixin’s market cap sits at $3.5M, with delisting from Nasdaq a looming threat.
Stock manipulation, reverse merger abuse, delayed financial reports, desperate pivots, investor losses, Nasdaq delisting risks.
Kaixin’s fate feels sealed—With a market cap barely scraping relevance and no clear path forward, delisting is no longer a possibility; it’s the logical conclusion.
$RENN Renren Inc. (RENN): Navigating the Evolving SaaS Landscape http://beyondspx.com/2024/08/05/renren-inc-renn-navigating-the-evolving-saas-landscape/
$UOKA If you recall $HUDI $AXG $RENN they all started in low single digits. They all fired and pulled back big before the colossal run to the upside. RENN got $35. HUDI got $82. SWIN got $100. HUDI run came on a Friday night when the market was in the tank.
Like today. MDJH
