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Another shrimp scam coming right up.
RushNet Partners with Royal Caridea LLC Through an Exclusive Licensing Agreement to Revolutionize Sustainable Aquaculture
RushNet, Inc.
Thu, Mar 7, 2024, 6:00 AM EST3 min read
In This Article:
RSHN
-25.00%
Technology Platform Has Been Granted Patents in Over 40 Countries Including -- United States, Canada and Europe
Patents Include United States Patent 11,206,817, 11,617354 and Canadian Patent 2973601
PHOENIX, AZ / ACCESSWIRE / March 7, 2024 / RushNet, Inc (OTC PINK:RSHN), (the "Company") announced today that it has executed a strategic license agreement with Royal Caridea LLC, granting RushNet exclusive rights to its technology platform for the United States and Canadian markets. Royal Caridea LLC is completing a demonstration facility in Gila Bend, Arizona which sits on 72 acres, approximately 68 miles southwest of Phoenix, Arizona.
The Royal Caridea technology platform empowers individuals to cultivate and harvest aquaculture species such as shrimp from virtually anywhere in the world. Boasting characteristics of low production costs, easy installation, full integration, and modularity -growing shrimp close to its customers virtually on a daily basis, each production system can seamlessly scale from 300 thousand pounds per year to an impressive 2 million pounds per year. With a fully enclosed sealed design, it minimizes heat loss and facilities corrosion while maintaining robust biosecurity measures, the system adheres to stringent operating protocols, guaranteeing optimal performance and efficiency.
The following table depicts the description of the patent, the patent number and a link to the patents which are included in the license agreement.
Description
Patent No.
Google Link
Multi-phasic Integrated
Super-intensive
Shrimp Production System
11,206,817
https://patents.google.com/patent/US11206817B2
Multi-phasic Integrated
Super-intensive
Modular System
11,617,354
https://patents.google.com/patent/US11617354B2
Multi-phasic Integrated
Super-intensive
Shrimp Production System
CA 2973601
https://patents.google.com/patent/CA2973601A1
With a relentless dedication to environmental stewardship, Royal Caridea has invested substantial resources in research and development to create a proprietary technology that addresses the pressing challenges facing the aquaculture sector. Leveraging advanced engineering and scientific expertise, Royal Caridea proprietary technology promises to enhance productivity while minimizing environmental impact - it is sustainable!
Royal Caridea LLC, an Arizona-based limited liability company, was established in 2009 under the laws of the state of Delaware and Arizona. The company has successfully secured over $8,000,000 in funding from a discerning group of accredited investors from both the United States and Europe. The company's business strategy is substantiated by a $2.7M loan granted by the United States Department of Agriculture (USDA) in 2020, underscoring the credibility of its operations. Royal Caridea LLC believes it has developed the world's premier aquaculture technology production system.
This is a start. But simply taking over a bankrupted ticker and signing a deal with yourself hasn't boosted any confidence. As shown with the reaction today from the market.
Next steps would be an update on the facility. The PR stated it was being built but doesn't sound like it is completed.
Shrimp harvesting takes about 12 weeks in an optimal environment. So completion and the first harvest to "demonstrate" to potential clients is still several months away.
It seems like they have been doing this for some time. How they were producing shrimp before and how they will be doing it in the future (using this new method they want to license) remains unclear.
If they are transitioning to this new patented production method and using RSHN in an attempt to license the technology to clients without having demonstrated how successful it is...there is still a long road ahead.
Pictures of the facility. The equipment. The harvest production. A licensing agreement with a client....those items would get this going. Bonuses would be what a client would need to get started (capital) annual estimated operating costs, production projections, and forecasted margins to show "it makes sense" and clients will indeed be interested would also be beneficial.
But at least RSHN shareholders know what to expect in the years to come. I wouldn't expect any rapid increase in shareholder value until you get some meat and potatoes on the details and some business lined up.
Sounds interesting though. Neat concept.
🤔
wonder if its tied to this co ?????
Our teams are working on finalizing an agreement over the weekend for a next weeks press release. $GRPS
— Trans American Aquaculture (@TransAmAqua) March 7, 2024
August ‘23 they updated features and increased posts for free users from 15 to 30.
https://medium.com/advfn/ihub-releases-site-updates-and-new-community-guidelines-for-its-active-trader-userbase-7022ae8a3eac
If they're getting into the shrimping business, why don't they take down that ridiculous webpage that advertises pixel advertisements?
You'd think that would be the first move. To, you know, avoid confusion.
Amateur hour.
Wow. A partnership? No details of partnership either? Must not be noteworthy. They will eventually 'acquire' Royal Caridea for an absurd amount of shares(hence the AS raise) where Cuhna(Royal Caridea) pays Cuhna(RSHN) & associates. Its another family owned and operated flopshop where retail can win alittle, before the management wins alot. 0001/0002 loadzone.
A while back no reverse split
Wonder about reverse split
A lot of shares outstanding and lots of debts
A while back sold drinks, not sure if doing now
Had a nice run a few years, knew this company many years
$RSHN RushNet Partners with Royal Caridea LLC Through an Exclusive Licensing Agreement to Revolutionize Sustainable Aquaculture
https://www.accesswire.com/840137/rushnet-partners-with-royal-caridea-llc-through-an-exclusive-licensing-agreement-to-revolutionize-sustainable-aquaculture
Technology Platform Has Been Granted Patents in Over 40 Countries Including -- United States, Canada and Europe
Patents Include United States Patent 11,206,817, 11,617354 and Canadian Patent 2973601
PHOENIX, AZ / ACCESSWIRE / March 7, 2024 / RushNet, Inc (OTC PINK:RSHN), (the "Company") announced today that it has executed a strategic license agreement with Royal Caridea LLC, granting RushNet exclusive rights to its technology platform for the United States and Canadian markets. Royal Caridea LLC is completing a demonstration facility in Gila Bend, Arizona which sits on 72 acres, approximately 68 miles southwest of Phoenix, Arizona.
The Royal Caridea technology platform empowers individuals to cultivate and harvest aquaculture species such as shrimp from virtually anywhere in the world. Boasting characteristics of low production costs, easy installation, full integration, and modularity -growing shrimp close to its customers virtually on a daily basis, each production system can seamlessly scale from 300 thousand pounds per year to an impressive 2 million pounds per year. With a fully enclosed sealed design, it minimizes heat loss and facilities corrosion while maintaining robust biosecurity measures, the system adheres to stringent operating protocols, guaranteeing optimal performance and efficiency.
With a relentless dedication to environmental stewardship, Royal Caridea has invested substantial resources in research and development to create a proprietary technology that addresses the pressing challenges facing the aquaculture sector. Leveraging advanced engineering and scientific expertise, Royal Caridea proprietary technology promises to enhance productivity while minimizing environmental impact - it is sustainable!
Royal Caridea LLC, an Arizona-based limited liability company, was established in 2009 under the laws of the state of Delaware and Arizona. The company has successfully secured over $8,000,000 in funding from a discerning group of accredited investors from both the United States and Europe. The company's business strategy is substantiated by a $2.7M loan granted by the United States Department of Agriculture (USDA) in 2020, underscoring the credibility of its operations. Royal Caridea LLC believes it has developed the world's premier aquaculture technology production system.
Mr. Cunha, the recently appointed Chairman and Chief Executive Officer of RushNet commented, "RushNet's goal is to work closely with Royal Caridea to introduce this technology platform to the United States and Canadian markets. We believe that Royal Caridea's system will be disruptive to the North America aquaculture markets. The system has been designed to supply a fresh supply of shrimp to any local market almost anywhere in the world."
question about free membership posts- how many are you allowed per day?
looks like the shrimp venture is accurate
There is a real revival coming $RSHN
— RushNet Revival (@rushnetrevival) March 7, 2024
Our main US competitor is $SHMP. We believe we are in a far superior position $RSHN
— RushNet Revival (@rushnetrevival) March 7, 2024
The North America Shrimp Market size is estimated at 10.34 billion USD in 2024
The retail price range for US shrimps & prawns is between US$ 9.55 and US$ 19.10 per kilogram or between US$ 4.33 and US$ 8.66 per pound(lb).
Shrimp held the top spot of the most-consumed species, with each American eating 5.9 pounds of shrimp per person on average – a 0.90 pound increase over 2020.
Shrimp is the most valuable traded marine product in the world today. In 2005, farmed shrimp was a 10.6 billion industry. Today, production is growing at an approximate rate of 10 percent annually—one of the highest growth rates in aquaculture.
The U.S. market for shrimp is almost insatiable. The argument can be made that if you farm-raise the animals closer to the big markets, you’ll eliminate the carbon footprint from global shipping and can deliver a fresh product to these local markets. There are a lot of people trying to do that – but to date, very few of them have cracked the code of how to do that and scale it.
🤔
I appreciate the transparency as well. However, I'm already exhausted from the rekindled bantering between AS and others here, as I don't think that's helped the stock much in the past and likely won't help in the future either. Don't lose sight of candor and kindness, AS, as there is a higher power always watching.
I am in the minority, but I wholeheartedly welcome posts from Ashley. As a private business owner myself, I understand the challenges it brings. Most people fail in having their own business, but the people I talk to or work with, learned valuable lessons along the way.
I embrace constructive input from current and past business owners, especially from people who gave it a shot at a publicly traded company. I will take their wisdom learned all day every day whether others may feel they offer nothing. Sure AS may have failed, but from some of his posts, he clearly learned some things. I won't be blind enough to miss things due to any resentment some may have.
The stock market is a huge casino. The OTC is where some of the biggest wagers are played. If you feel you missed out on life long wealth from an OTC investment, then you may want to take a deeper dive next time doing your DD. There's a reason less than 1% of the OTC companies out there ever amount to anything of substance.
In 2023 it appears from bankruptcy filings and lawsuits filed that RSHN/HeliosDx was taking out loans from several finance companies (possibly factoring AR) in multiple states.
By June/July 2023 they were filing lawsuits on merits of default and breach of contract. Meaning payments stopped quite a bit earlier, possibly as early as Q1. The loans were being initiated then or well before that, and 400M shares were sold at .0001 in 2022.
It wasn't until September 2023 an announcement was made of their demise.
During that entire year and until the very end, reassurance to investors in RSHN persisted through endless posts on Twitter spreading optimism and a bright future.
End result: .0001/share. Bankrupt.
It's beyond comprehension anyone would welcome or invite conversation from the one responsible.
Based on the "grab for cash" timeline and lawsuits filed, there were big issues long before regulation changes and loss of revenue.
Creditors are to this day still trying to claw back what was given to RSHN/HeliosDx.
Horrible.
Do you need arrested?
I think so.
Nothing else in comment is relevant.
No whining sir. I am quite aware of the last three years. I am very aware of the rise and fall that was experienced. The company grew from 2M to over 6M in 2 years, and then lost 3.5 to 4M overnight. I lose sleep over it often. What could I have done different? How? Why? I ask the "what if's" to myself daily. When you bill insurance and have ZERO control of the billing regulations, you know this is always a possibility. But it is not an excuse
Here's why I will be successful and bounce right back - I don't hide from my failures. I don't run from people like you, Huggy, Peter. I look at my mistake and analyze them. I certainly am not scared to take a risk. I failed, the company failed, and I am standing right here right now not hiding or dodging. Does it fix anything? Nope! Does it bring back money we ALL lost? Nope
If you can be a man when things are going well, you sure hell better be a man when in the fire. So say what you will, take your best shots.. I will keep working, learning and swinging. Most importantly, I will keep standing...
Let’s not digress about killing the stock run “organically” then fighting with the dude promoting it.
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.
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