China Tracker - Safety/Risk Model (Stage One) for RINO International (RINO)

 RINO International
 Going Public
Market Segment:
Going Public: 2007-10-05Reverse Merger
 Auditor
Auditor: Frazer Frost 
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Zou Dejun): CEO 
Ownership Percentage: 58.32%
 Analyst Coverage
Total Coverage: 2 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 1 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 3.39 million13.44% 
Short Interest: no data 
Account Receivables (MRQ): $90.69 million3,169,686.61%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): YES
Detailed Fraud Allegations: YES
 
 Auditor History (since January 1, 2009)
2010-01-01Frazer FrostAppointment (Merger)
2010-01-01Moore Stephens Wurth Frazer and TorbetResignation (Merger)
2008-04-29Moore Stephens Wurth Frazer and TorbetAppointment
2008-04-29Jimmy C. H. Cheung & Co.Dismissal
2007-10-05Jimmy C. H. Cheung & Co.Appointment
 Senior Management Trail (since January 1, 2009)
2010-04-27Ben WangCFOAppointment
2010-04-27Jenny LiuCFOResignation
2009-06-30Jenny LiuCFOAppointment
2008-09-05Bruce RichardsonCFOResignation
2007-10-05Bruce RichardsonCFOAppointment
RINO
Waste & Water Treatment
SAFETY/RISK SCORE
6%
EXTREME RISK
Detailed Score: 52.03125/800
Current Price:  $0.00
F10k Day (2008-10-30): -100.00%$2.50
2009 Close: -100.00%$27.65
2010 Close: -100.00%$4.04
High (2011-09-26): -99.99%$0.64
Low (2011-12-16): -99.00%$0.01
Exchange: PNK
Market Capitalization: 0.00 mill
Total Shares: 28.61 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 52.72 mill
Net Income (MRQ): 8.74 mill
Op. Cash Flow (MRQ): -19.39 mill
all financial data provided without warranty