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Bullboard - Stock Discussion Forum RENN Fund Inc RCG

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... see more

NYSEAM:RCG - Post Discussion

RENN Fund Inc > Smoke but no Fire?
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Post by RetailRube on Mar 18, 2021 9:32pm

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.
Comment by RobiTrader on Mar 19, 2021 12:24pm
Absolutely correct