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RENN Fund Inc RCG

Financial Services Asset Management
RENN Fund, Inc. (the Fund) is a registered, non-diversified, closed-end management investment company. The investment objective of the Fund is to provide shareholders with above-market rates of return through capital appreciation and income by investment process that invests in a variety of financial instruments, including common stocks, fixed income and other instruments. In addition, the Fund may sell short stocks, exchange traded funds and exchange traded notes. It invests in various sectors, including aerospace and defense; communication services; marine shipping; metal mining; medicinal chemicals and botanical products; oil and gas; other financial investment activities; real estate; securities and commodity exchanges; technology services; surgical and medical instruments and apparatus, and securities, commodity contracts and other financial investments and related activities. Horizon Kinetics Asset Management LLC is the investment advisor of the Fund.


NYSEAM:RCG - Post by User

RENN Fund Inc > Smoke but no Fire?
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Post by RetailRubeon Mar 18, 2021 9:32pm
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Post# 32835347

Smoke but no Fire?

Smoke but no Fire?I just had my Shaw taken over by Rogers at a 69% premium to undisturbed market.  If you want a family who has a strangle-hold on the company to say yes to your offer, you have to PAY UP.  It takes more than an extra 25%.

I don't think anyone will take this offer from Canaccord seriously until $3.00 per share is hinted at.

Last time I posted on GMP, I got jumped by someone I assume works for a public relations firm.  The timing of his post was interesting ... a day before of the GMP company issued a press release.  He hasn't posted about RCG since.  His interest in GMP/RCG was fleeting.

You will know when negotiations are heating up when the trolls show up again on this sleepy board.  My guess is there will be another shoe to drop, because nobody spends $1 million for the lawyers and investment bankers to launch a hostile takeover offer unless they are serious.
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