Rhino Human Resources Inc. (PINK:IFHR) stock got promoted again last night and could jump over its trading range today. Though, the company has barely any cash or assets, no revenue and no working business, which means it will hardly deserve any attention after the end of the promotion. 
IFHR closed the last trading session without a change from the previous close at $0.08 for a share. Trading volume was higher than the average, but still only 57,000 shares for the day. That makes IFHR not only low-priced, but also very illiquid, and thus attractive for successful promoting.
Some technical indicators, often considered by most traders, are also on the side of IFHR new promotion. RSI is almost at the centerline and the MACD lines have crossed, while the share price is in the middle of the trading range.
The promotional e-mail that we received last night was paid by a third party and the compensation was, according to our database, $30,000 in cash. The e-mail doesn’t say much about the stock, it implies the positive chart constellation and re-prints the company’s one and only press release from yesterday.
Obviously, IFHR issued it just to remind about itself, without saying anything substantial and concrete. That only confirms that the company and its stock do not deserve their current market value, which seems to hold just because of the lack of trading interest after the expiration of the previous promotions from last October.
