report different numbers to the Chinese authorities versus what they claim in their SEC filings. Geez, some of you guys are beyond clueless. The first thing an auditor does is to verify the company's claimed cash positions with their banks.
Cracks me up just how many people want to buy the stock down here, as they know there's a truly massive short position that WILL cover and drive the PPS right back up.
How many China small-caps have we seen get through allegations of fraud lately ? Alot. RINO's no different, except that there's alot of money at stake and shorts don't want to cover until they have to. The problem ? The space is wayyyy too crowded down here.
I'm buying like a mother, as "the cover" will provide large returns. RINO will defend themselves just like every other China small-cap has had to do lately and in a couple of weeks, this message board will be empty again.
I definitely agree, but the question is how long RINO will take to defend themselves. It's been almost a week since MW and RINO hasn't done anything about it. Disappointing to say the least. At this point I'm not buying until there is a definite uptrend in place. If RINO continues to stall on defending themselves shorts could continue to have a field day.