RINO International Corporation (RINO)

[Potse]

RINO(.059)...accumulated a position......

I accumulated a position in the RINO shell today in the 4-6 cent range. Currently holding 255+K shares at an average under .0574 per share. Although my cost basis is a little bit higher than I would have preferred, the risk/reward looks fairly good to me. Never can be sure how long the overhead supply of shares will persist, so I prefer to build a position as rapidly as possible while shares are available at what I consider a reasonable price.

The timing for entry/accumulation on RINO might be close to being optimal, with the custodianship terminated a couple of months ago, the stock achieving current status, and the issuance of the 200M block of shares earlier this month (which would suggest that a significant corporate development may have occurred).