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.

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RENN Fund Inc > Contra the Heard article - Globe and Mail

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Comment by argon12on May 15, 2022 4:05pm

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Post# 34685067

RE:Contra the Heard article - Globe and Mail

The CEO is completely overpaid. Why would he want a takeover while he is banking millions?
Why is the Board of Directors so large for such a small
meaningless company?
As advisors continue to leave, the value of the franchise gets smaller.
I believe that two of their capital markets team has left and that their advisors will start to get picked off one by one.
If they have any free cash flow they should be buying back shares.
Lower the salaries and corporate head count is the easiest way to achieve earnings.
Richarson name used to mean something in the financial service area.

Now it's the joke on the street IMO.

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