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Well, at least these keyboard warriors are not responsible for millions of dollars of lost capital. RSHN
You do digress. You digress every time someone calls you out. You can't help yourself.
If only you had been that reliable in your business acumen! Instead of all these petty flame wars that you say are unwarranted but every single day that goes by without news, improvement, success, new revenue, sales or achievement proves that they are very much warranted. You made hundreds of pie-in-the-sky promises and after having failed to deliver on any of them now you're untrusted and unproven. You stepped into the ring and now you want to whine about everyone that throws a punch.
But I digress.
Do you need a hug? The only CON going on here are you IHUB keyboard warriors talking crap with no recourse. But I digress...
Thanks for more bullshit Assley Sweat, you frickin CON ARTIST.
Glad to see the flippers here with their nonsense. Especially Huggy who is so eloquent. HA HA
Did you also appreciate getting your clock cleaned o wise one?
I know how share structures work, and the timing of market pumps. They could have gotten somewhere had they waited to do this raise in a couple months once there was liquidity and some actual interest. $1000 dollars traded so far on a marketwide PR. Thank you for sharing that you will be dumping your shares on the last hurrah before the death spiral. There is money to be made on any stock, it just depends where you get in at... and we are almost at the bottom line.. 2 more ticks down and risk is manageable. Ill be waiting for the last hurrah, whenever that is.
Your promises haven't made anyone any money except yourself and your cronies for three years. But of course, now it's all different. You even predict a run to happen despite acknowledging that this is still a broken down, scam shell ticker.
How exciting! You must know something the rest of us don't. Please tell us more, douches. 😉
Appreciate your input here Ashley as someone who has far more knowledge than others of RSHNs history and the potential Mr.Cunha has with his shrimp
production. Having been here since Corr I am looking to the next chapter in RSHNs volatile story.
An increase in the AS does not necessarily equate to an increase to the OS, at this time. IF these shares are sold to an outside or even inside investor, they will HAVE to be restricted for a period of time. Actually removing the restriction legend and depositing shares is a whole other topic, and IS NOT easy. While the sell of the shares would signal dilution, it would not mean an immediate impact to the actual "tradeable float". For the foreseeable future, Rushnet's "tradeable" float will have limited impact. Rushnet will get another run before any RS or corporate action is possible, how high - who knows. An audit has to take place, forms have to be filed with the SEC, and the list can continue. The bottom line, all this will take time and in the meantime there will be money to be made. Question is, do you want to make some money?
This is the market reaction I was expecting after the "rapid shareholder value" tweet and an AS raise in the same breath. Hopefully these newly appointed shares are restricted for a couple years.
$RSHN RushNet Names Arizona Businessman Michael Cunha as Chairman and Chief Executive Officer
https://www.accesswire.com/838559/rushnet-names-arizona-businessman-michael-cunha-as-chairman-and-chief-executive-officer
PHOENIX, AZ / ACCESSWIRE / March 4, 2024 / RushNet, Inc (OTC PINK:RSHN), (the "Company") announced today the appointment of Michael Cunha as its new Chairman and Chief Executive Officer, effective immediately. Mr. Cunha assumes these roles following the resignation of Ashley Sweat, who has decided to explore other opportunities. The Company extends its best wishes to Mr. Sweat for success in his future endeavors and expresses gratitude for his past contributions. It's important to note that the incoming management team has no prior affiliations with any former management teams of RushNet.
Mr. Cunha, the new Chairman and Chief Executive Officer of Rushnet commented, "I have run very successful private companies in my career, and this is my first experience with a public company. We are immediately transitioning out of the lab business, and we will announce our new business direction within the next few days."
Mr. Cunha is a distinguished Arizona-based entrepreneur renowned for his track record of establishing thriving enterprises. He attained academic excellence, graduating summa cum laude from Washington State University with a Bachelor of Science in Psychology, and later achieving the same honor at Chapman University, where he earned his MBA in Accounting and Economics.
With an extensive background spanning over three decades in manufacturing, accounting, finance, and executive leadership, Mr. Cunha brings a wealth of experience to the table. Notably, he served as the Corporate Controller of Andermac, Inc., a medical equipment manufacturer, for a duration of eight years. During his tenure, Mr. Cunha spearheaded initiatives that led to the company's automation, resulting in substantial market expansion. Under his guidance, Andermac achieved a dominant market share of 50% in California and 25% nationwide.
In late 1991, Mr. Cunha embarked on a new venture by co-founding InterMag, Inc., a magnetic media manufacturing company, alongside four partners. Assuming responsibilities in finance and manufacturing, Mr. Cunha played a pivotal role in securing the company's inaugural contract with Iomega for the production of Iomega 100mb Zip disks. Under his leadership, InterMag experienced remarkable growth, scaling from inception to a revenue of $72 million within a span of three years. In 1995, InterMag was sold to the second largest magnetic media company in Taiwan.
In 1996, Mr. Cunha, alongside two business partners, established what has evolved into Mionix Corporation. Mionix has emerged as a frontrunner in human and animal feed additive antimicrobials, with notable contributions such as the development and promotion of a feed additive aimed at regulating gut bacteria in shrimp, a significant achievement in Southeast Asia. Mionix Corporation underwent a successful acquisition in June 2015. Presently, Mr. Cunha serves as the Managing Member of Patmos Holdings I, LLC, a holding company dedicated to investing in early-stage companies.
With mega caps and crypto markets at or nearing all time highs (similar to 2021) OTC CEOs should be ready to take advantage of hot trading environments to raise capital if OTC markets are "on deck" in this latest cycle.
RSHN never raised capital in 2021. Which in the end was a very big blunder. The environment today is very similar in the trading markets. I suspect OTCs will be the ones "bringing up the rear" in this latest cycle and this ticker, as well as many others, could benefit.
The tail end of the last cycle didn't last very long...and probably won't again this time....if it even occurs. But there may be a window opening for some OTC liquidity as traders and funds circulate into different areas. Gains made in over extended runs in evaluations may be cashed and reallocated.
RSHN will need a big kick in the rear end to get it going into the right direction. It's apparent traders are seeking opportunities. Available liquidity is running rampant through markets currently.
With a 7B+ float and a 19B share structure for only 1.5M to change hands before the weekend implies this is still a dead trade with no optimism from the street its going anywhere anytime soon.
But conditions are ripe for raising capital through an elevated evaluation. OTC CEOs should be realizing this and preparing for a push of their own.
Still horrible.
I am now interested to see how they spin this and also the terms of the purchase agreement. If his shares and others are restricted for 2 years+ this has a chance to break trips. If they kept with the reducing of shares plan, this would probably be singing a different tune. I wonder what the wefunder shares turn into for the minority investors as well. Its amazing the timelines these new companies are on, they could have announced themselves, gauge the market interest.. and make an informed decision before outright throwing quicksand in front of themselves with a 100%+ AS raise right off rip.
Nothing screams 'rapid shareholder value' like a good ol AS raise to bring market sentiment to a positive! SMH. Future filings will tell a lot of how the story is to unfold, but right now it sucks, based off their 1st filing(in error).
You are correct sir!
The plan is for 95 billion. But it was supposed to be a three or four part tragedy. Instead, they fouled it up and sent the last amended AOC first.
I was noodling it, too, and thought to myself... how does that number even get on the articles? It's not like they accidentally added an extra zero. You don't mix up 19,132,000,000 with 95,000,000,000. Yeah sure it was a clerical error alright. They errored in tipping their hand before the betting was over! Now we know where this is going. The "new management" is going to use this ticker as a snot rag. Mikey is Ashley's hand puppet because after three years of lies nobody can stand Ashley anymore, so he installed a new facade. It's obvious with the amount of "Gee shucks I'm just a regular investor now like all of you" posts.
Shady. As. Hell.
Apparently its only 19.1billion.... it was an error. For its first filing under Cunha's command, you'd imagine it would be, I dont know.....correct?
I think they jumped the gun, because lets be honest.. who fucks up an articles of incorporation for their newly acquired company? Maybe management wasnt as strong as I had originally thought.. but who knows.. its the OTC, anything can happen.
Once they run the 11 more billion down the throats of retail, there will be another AS raise and another. 95billion AS is just the future outlook here. They revealed their plans prematurely. They had such a great opportunity at a fresh start, but have already shot their feet, before trying to walk. Hopefully it can be turned around for existing shareholders, like Sweat said, they know the challenges and have a plan. Ill be on the 1's.
Authorized Shares Updated:
🔴 9,000,000,000 (2024-02-16)
🟢 95,000,000,000 (2024-03-01)
Difference: +955.6% (+86B)
That's some weekend news for sure...you say her last name is "Sweat"...
Anyone here followed CYBL through it's death spiral? It all sounded very familiar with the promises and the change in staff. They had been advertising for months that they had snagged some high-end DOD defense contracts for FPV drones. They flew all around the country tweeting out selfies of them on airplanes and leaving Cyberlux© hats in weird vacation getaway spots. Share price held around 4-5 cents per.
Now look at it. CE and slowly bleeding out to trips.
I offer that only as a story that despite the dazzling promises, and despite that this is a company that actually MADE things in a factory at one point, nothing at all came from the many promises. They delivered on nothing. But the rally cry from the poor bag holders was the same monotonous "any day now". For all hope and encouragement in the world the shareholders lost their shirts waiting.
This is America. If you're not making money, you're a d-bag. So, what's going to be?
Show us how this company intends to make money and then... make some! I bet new management a dollar and a fiddle of gold they won't do anything. This time next year the story will be the same and the drum beat for everyone to just "be patient" will continue to pound you.
Nothing will happen until Q2. There is no point showing any activity this quarter to spend extra time on the filings reporting all the moving parts.
Only paperwork and getting ready for Q2 at the very earliest.
It will be interesting to see if par value on the common will remain set at .001 vs .0001 not sure if that is an error as well, since they mistakenly filed 95B v 19B on the authorized shares.
If that is the case, that is the lowest value that can be assigned to shares distributed by the company. That is over a 3x from current levels.
That is a key # to pay attention too.
Any shares received at .001 could still be sold into a bid at market regardless of the bid, but that doesn't seem very logical for new investors acquiring, paying for, or accepting shares at .001
If .0001 is assigned in an amendment with the revised authorized, that will not be the case and any sale above .0001 would represent a profit.
However, showing a change in ownership in filings is a start. Simply saying it is one thing. Seeing it documented is another.
Obviously, interested parties see an opportunity here. Exactly what that is has yet to be determined. Regardless, they are looking to capitalize on it. How exactly they do that is questionable (dilution, on the back of existing shareholders, operating as a shell, reverse merger, building shareholder equity, acquisitions for shares, and so on).
The public markets and investors are not convinced. The ticker remains at 25 year lows with no movement to the upside. Only some interest and some buying would show otherwise. A jump in stock price to reflect optimism from the street it has indeed turned the corner and there is at least a chance of success is required.
Until then, and as of now, it is still a dead ticker with little to no liquidity and a shady past.
Still horrible
Just not so much (by very little but it counts)
Q2 will be very telling...
Oh ... Good. I mean 9 Billion shares is stupid. 95 Billion was just full retard. But 19 Billion tricks you into thinking hey at least they didn't go ... well, you know.
Will do. I’ll grab my popcorn😀
Well now it’s ONLY 19 billion
There was an error on our Articles of Incorporation in Colorado in which 95,000,000,000 authorized shares was placed on an amended AOC filing. That is being amended to 19,132,000,000. The 95 billion is not correct.
— RushNet Revival (@rushnetrevival) February 29, 2024
I would encourage you to let things transpire and give Mr. Cunha an opportunity. I am here as an investor and have faith when things begin to unravel things wont look so bleak.
Do you want to explain the 95 BILLION?
Welp.. now we know the reason for the no Reverse Split talk, just raise the AS 10x.
95billion AS is insane. Going to be a tough road.
I tried to reach out to Royal Caridea days ago as well, when I saw Sweat had filed for Principle Address change, but still no response.
Their management is actually pretty strong, but never running a pubco seems to be showing here.
Shareholders cant rapidly increase their value if their value is diminished before the feet touch the ground.
Ill be on the 0001's.. maybe the 2's if they send me a picture with all their dry ponds(18 of them, though they claim to be doing away with them eventually) with water and more than 1 indoor facility for their GEN 2 pilot. There are February 2024 pictures on google maps showing some metal containers and a brand new structure built, if youre curious to see the land they are operating on.
I am also going to assume by this massive change they are gearing up for some kind of Reg A offering once they get all sorted paperwork wise. Royal Caridea has participated in crowdfunding for many years now. Also was awarded an USDA backed agriculture development loan of $2.2million from a now bought up North Avenue Capital in 2020
.
Youll probably see a similar engagement plan when they present themselves..... https://www.royalcaridea.com/wp-content/uploads/2022/05/01-RC-Executive-Summary-FINAL-05-02-2022.pdf
Guess we will see in the coming weeks how much the market has dis/interest in the new tech shrimp company. Good luck to all.
Your the one out of control lol
You're a wordsmith!
I do have the advantage of having never once bankrupted myself or the companies I've owned.
Anyway, I thought you were gone? Handed over the reins. Let the new management take over. Shouldn't my comments be THEIR problem, now?
You just can't help yourself, can ya mister. Yer outta control!
lol
Says: Rapidly increase shareholder value
Does: Authorizes 84B more shares
🤣
I'm sure not feeling any "shareholder value" now. Mr. Cunha is smart alright, and now us faithful get bent over even more than we already have been. The recent filing is proof he has zero intentions of creating shareholder value anytime soon. We sit at trip zero's for years now unfortunately. Doesn't seem like we are in good hands whatsoever. There's simply no way to spin this into a positive....smh
What more do you expect from beer money flippers like Billy, Josey, Penny and the rest of the gang HA HA
Now that I am no longer with the company I can speak out.
What you wrote is just DUMB…
A total disaster on Day 1.
"RAPIDLY INCREASE SHAREHOLDER VALUE"
2 weeks later...
Authorize a 10X on authorized shares to wipe out all current holders.
Hysterical.
Some laughed. But the shareholders should have been first in line to be made whole again when this scam first became apparent. Not the attorneys and the lenders who were in on it.
Class Action Against HeliosDx operating as RSHN
Now you know why Ashley stopped by to pen his final love letter. Didn't want to hang around when the big news of dilution came out!
Funny how there was no tweet, comment or official PR for this interesting bit of news that is going to directly affect share price negatively. There he is, the new management come to eat up all your shareholder value! He likes it, hey Mikey!
LMAO!
95,000,000,000
So this ticker isn't going any where for a very long time. Shares will be issued to and for:
1. Management
2. Employees
3. Services
4. Cash
5. Acquisitions
6. Debt extinguishment
All RSHN shareholders currently will see their ownership % drop off a cliff as they issue these shares to whomever they feel fit.
Not until they are all divided up and everyone has their shares will this begin to move so they can be dumped on the market.
They sure did find a great guy to hand this over too! First day of business....line up 10s of billions in dilution to wipe out shareholders completely!
Horrible.
95 BILLION? Did Goulding change his name to Cunja?
Ouch
No wonder the new guy didn't want to get too cozy with shareholders. No need to get on a first name basis with the sheep on the slaughter line!
lol
First filing increases shares authorized to 95 billion.
On day 1 a massive slap in the face to every RSHN shareholder.
Reducing their ownership potentially by 90% with MASSIVE DILUTION.
If you thought 9B was a horrible share structure, they plan to issue themselves 10s of billions and sell 10s of billions more.
Are you sure 95B will be enough? Why not 1 trillion?
Absolutely horrible.
Actually as you posted this, they did have a filing hit.
https://www.coloradosos.gov/biz/CertificationViewer.do?masterFileId=20181768333&fileId=20241252011&certId=15796920&nameTyp=ENT
There is no incentive from a monetary standpoint for a "Rapid increase in shareholder value" at this time for management.
The share structure is essentially maxed out. So shares in quantity are not available for the acquiring party to benefit from a "Rapid increase in Shareholder Value."
It is presumed the preferred shares were transferred (voting, convertible), and possibly a portion of common.
But to drive the common share price at this time when "management" owns very little, if any...there is no incentive.
This will stay near 25 year lows for some time while they accumulate at or near the levels old management left it.
.0001
Horrible
There has been no filings on the state level or SEC level supporting the change in ownership claim.
There has also been no PR statements or acknowledgement from another party.
So you're telling us you turned the social media accounts over to them, but they require that YOU post their words for them.
To their accounts. As if they were you.
Right! 🤡
Horrible liar
Proud you are here with us as a stockholder. GO $RSHN!
Oh geez...
It's like the ex girlfriend you can never get rid of...
Will thanks again
Look, anything posted was either by them or their words given for me to post. Period!
Honestly, it doesn’t matter. I’m not going down a rabbit hole with you.
Liar! You tweeted that new management took over February 16, and you've had three posts in one day on February 20th alone. Announcing everything from "no plans of a RS" to unveiling the vague plan for the"patented technology platform" which is supposedly the next great thing.
Been doing the same thing over on your personal @HDxLabs account. Retweeting everything you tweet on the @rushnetrevival page.
What a liar you are. A liar, a cheat and a quitter.
I'd say good riddance if your leaving was actually true. But we know that's part of the grift.
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