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Re: BillyRay post# 56508

Friday, 12/17/2010 11:14:23 AM

Friday, December 17, 2010 11:14:23 AM

Post# of 66758
There is more than hope, there is evidence a company can comeback from being halted. Check out Rino. When it was halted on the NASDAQ, it was trading @ around $6.00. It sounded like some severe accusations too......

It is now trading on the Pinks. Yes, stock is currently down 50%, but still trading after two weeks of delay. I see it had a nice bounce too since it has come back and heading back us is what the charts are telling me.

I believe as long as we hold when the stock comes back, it will be trading higher than yesterday's closing price of .10. The key is to be patient once it comes back up and trading.

RINO International Corporation Common Stock To Be Delisted by NASDAQ Stock Market

DALIAN, China, Dec. 2, 2010 /PRNewswire-FirstCall/ — RINO International Corporation (the “Company”)(Nasdaq: RINO) announced today that it has received a letter from The NASDAQ Stock Market (”NASDAQ”) stating that based upon its review of the Company and pursuant to NASDAQ Listing Rules 5101, 5250(a)(1) and 5250(c)(1), the staff of NASDAQ believes that the continued listing of the Company’s securities on NASDAQ is no longer warranted (the “NASDAQ Letter”). NASDAQ stated that its staff’s determination was based upon the following:

1. The Company’s announcement that its previously filed financial reports for fiscal 2008, 2009 and year-to-date 2010 could no longer be relied upon;
2. The Company’s admission that it had not entered into certain previously disclosed contracts; and
3. The Company’s failure to respond to the NASDAQ staff’s request for additional information regarding allegations raised by the Muddy Waters, LLC report