RINO's strange response to Muddy Waters
No rebuttal, no reaffirmation, no questions should be asked... WTF?
DALIAN, China, Nov. 11, 2010 /PRNewswire-Asia-FirstCall/ -- RINO International Corporation (the "Company" or "RINO") (Nasdaq: RINO), a leading provider of clean technology solutions to China's iron and steel industry, commented today on the allegations against the Company made by Muddy Waters, LLC ("Muddy Waters") concerning RINO's business practices.
RINO takes its responsibilities to investors very seriously and has launched an internal review of Muddy Waters' allegations. RINO looks forward to providing investors with a timely and detailed response to the allegations upon completion of its internal review.
RINO is scheduled to report its unaudited financial results for the third quarter ended September 30, 2010, after the U.S. market closes on November 15, 2010. RINO's management will hold an earnings conference call at 7 PM on November 16, 2010 U.S. Eastern Time ( 8 AM on November 17, 2010 Beijing/ Hong Kong time), at which time management will comment on the allegations to the extent possible based on the progress of internal review but will not hold a question and answer session.
