RushNet Inc (RSHN)

[Along4daride]

Shrimp farming in the desert. From the desert of Arizona, US to the deserts like Oman, in the Middle East.... New markets and opportunities are opening with growing demand for sustainably farmed seafood.

https://www.globalseafood.org/advocate/with-growing-demand-for-sustainably-farmed-seafood-oman-tests-the-waters-with-shrimp-farming-in-the-desert/

Quotes from the above link:

Royal Caridea LLC in Gila Bend, Arizona, harvested its first shrimp in the desert in fall 2020. After reconstructing a farm in disrepair, it reinstalled electrical equipment and rebuilt the ponds before developing what it calls GEN 2 Shrimp Farming Technology. The fully patented system is a closed vertical production method with columns of open-air stacked raceways.

Shrimp are grown at a depth of around 30 cm in circulating water from a large aquifer with added salt to increase salinity. As they develop, the shrimp are transferred to the raceway below. Farming begins when the postlarvae are added to a nursery and transferred to the top raceway after 20 to 30 days, while the more mature shrimp in the lower raceways are harvested. The system can raise 35-gram shrimp in 90 days. Shrimp are sold into local markets and online by the company’s marketing division Arizona Desert Shrimp.

“A vertical raceway system enables us to produce shrimp in quantities that are 10 to 100 times higher than a pond system,” said Dr. Maurice Kemp, founder and president of Royal Caridea LLC. “We are running a synchronous production system, which means that when we move the shrimp from one raceway to another, the previous raceways are immediately restocked and the grow-out continues. In effect, it continues to cycle year-round. We also use a neutral buoyancy floating feed, which enables us to see how much is being consumed or not and prevents feed from building up. We are aiming to harvest somewhere between 550 and 600 tons when build-out at our current site is complete.”

[JoshTaeger]

Ahh…the “tech” angle….

Heard that one before. First, RSHN doesn’t own the “tech” DGI just touted. I’m not sure what “tech” RSHN actually owns, or RC for that matter.

So, now we’re talking licensing fees that RSHN would need to pay the “tech” owner(s) and subtract that from whatever revenues RSHN could generate.

Or…RSHN could buy whatever “tech” RC is using. Then the questions become: How much? With what capital? And how many more millions of shares, if not billions, will need to be sold to generate it.

Sorry to harsh your mellow

[Penny Grabber]

You could be barking up the wrong tree on how or what to value here. My understanding is the value is in the technology and the licensing of the use of that technology.

For example
A shrimp farming business in Texas generates 300,000 pounds of shrimp per year. Through a licensing agreement with RSHN, RSHN agrees with the shrimp farming business that they can use their patented platform design to increase shrimp production. The business implements the new platform and production increases from 300,000 pounds a year to 1,000,000 pounds per year. In return for the usage of RSHN's patented design, they pay a licensing fee. Either it be a one time fee, monthly, quarterly, annually, or a several year deal.

So I think the right question is....if you are the shrimp farming business generating 300,000 pounds of shrimp per year at $4 a pound and generating a top line annually of 1.2M, how much would you value/pay in a licensing fee for a new technology that would increase your production to 1,000,000 pounds and improve your top line to 4M annually?

The "arm" of which RSHN provides in this organizational structure seems more like technology company that provides that technology to aquaculture businesses, and in particular shrimp.

Another example:

McDonald's. They don't necessarily sell just hamburgers. The franchise owners do, but the company itself acts more like a landlord. It owns the land and leases the use of that land. Their menu/processes/name are licensed to the restaurant owners that sell the hamburgers. The operator of the restaurant keeps the profit the restaurant generates, and McDonald's gets their licensing fees and lease payments.

[BasedOnFeels]

Right? How do you announce a licensing deal, but no information of what the deal entailed. If it was something noteworthy, Id assume theyd put it in one their first substantial news releases... was it purchased with cash? Was it purchased with shares? What is RSHN's cut? Who is going to sell, package and distribute the shrimp? Have to wait for filings I guess, maybe the market will see it different when the juice of the deal is revealed.

RSHN is a shell now basically. It currently has no operations, and 1 board member(Dr. Kemp is now showing as "other" under OTCM). Its description is still Helios related, so its kind of confusing. RSHN was granted rights to use Royal Caridea's platform only. Will RC be a target for acquisition in the near future? I believe so, once and if they can get over the FINRA hurdle. It would setup a double payout for the RC crew upon acq and whoever is given preferred/common shares here for their role. Cunha bought RSHN and Cunha is a founding member(was CFO? as well) of Royal Caridea. I think most of the players at RC will trickle over here soon....Dr Kemp has already started in some capacity at RSHN(also is President of RC). Hopefully the filings show something good for shareholders!

[JoshTaeger]

That’s a qualitative discussion. Let’s get quantitative, or at least semi-quantitative.

What will RSHN’s cost per pound be? Go ahead and base it on being all racked up.

[Penny Grabber]

Recent news articles written in early 2024 and late 2023 discuss the over supply from Ecuador as a cause of depressing shrimp prices. Also mentioned is the ramp up from India. It is making it very difficult for farmers to turn a profit when foreign lower quality frozen shrimp flood the markets.

With the newly licensed platform through RSHN, the system increases harvesting rates up to 7x, adding drastically to the top line. From a cost standpoint: it requires a fraction of the space, is less labor intensive while operating in a more controlled environment (reducing risk of disease and lost harvests).

For the everyday shrimp farming operations, licensing through RSHN the new technologies in the space can offset pricing pressures from foreign markets and return them to profitability while providing sustainable, local, fresh shrimp to the consumer.

[AveragePenny]

$RSHN - RC Investor Overview

[morgan136]

https://x.com/royalcarideallc/status/1770877613994639415?s=46&t=wfk4g05tydrVEojH2Wj_eA

[BasedOnFeels]

Where are the details of the partnerships between Royal Caridea and RSHN? Very important information.
Royal Caridea and Cakeboxx(I like this company) are 2 private companies, with no details of the partnership revealed, that is very important information.
Fuel Tech partnership? Makes sense the whitepaper(put out by Fuel Tech Inc) saying Fuel Tech's DGI product would go great on the Cakeboxx- made and engineered platform, and slap the Royal Caridea(still a private company) patent on it. Cunha owns RSHN, also is a founding member of Royal Caridea and looks like hes still involved, I could be wrong.

Alot of moving parts here. Which means alot of mouths to feed. Good thing there is 10 billion more shares to appropriate.I guess we will have to wait for the 10q/q1 filings to find out? Maybe even q2? Still alot of work to do cleaning this up. But if they can get all the moving parts aligned with some greased wheels, it can get moving, just where is a good entry to load the boat?

My guess is 2's(really good entry IMO) get tapped in a month or so if nothing substantial is addressed. Still alot of unanswered questions with RSHN, hence the hesitation of continuing volume to the upside. When does Caridea just get acquired by RSHN? I like the model of start slow and build up though, 8.7 billion OS(for now) is still alot to try and move from trips, especially when Sweat has/had the ability to convert over 400+ million common shares. Maybe something nice like share buyback would do wonders?

[Along4daride]

Insight into Cakeboxx Technologies and Royal Caridea's partnership.... A game-changer for the Land-based Aquaculture industry.

https://igrownews.com/cakeboxx-announced-completion-of-first-modular-platforms-in-partnership-with-royal-caridea/

https://www.prnewswire.com/news-releases/cakeboxx-expands-modular-platform-solutions-into-new-markets-with-groundbreaking-regenerative-aquaculture-platforms-that-deliver-sustainable-optimized-food-supply-chains-301739612.html

https://seafood.media/fis/techno/newtechno.asp?id=121876&l=e&ndb=1

https://cakeboxx.com/regenerative-aquaculture-platforms/

[eqinvestor]

Agree accept for the fact that their future is indoor and not outdoor

[Penny Grabber]

Interesting...

It appears the current method being utilized are individual ponds or tanks on sites that host the different stages of growth. As they grow, they are gathered up manually and transported from one pond to the next. The process seems labor intensive and a bit "clunky" from the videos online. There is also a need for a vast amount of space for the ponds or "tanks" for this legacy operation.

Using this platform, and based on your description, the stages of growth are sort of layered in cartridges in a way and stacked on top of eachother. The harvests are pulled out (say at the bottom), the stage to be harvest next drops down, and so forth through the stackable cartridges, and the newly created space starts a new batch to begin the process.

So it all makes sense from an operational standpoint. Not even considering the science promoting the highest growth rates.

It is basically taking a traditional legacy method in doing something and condenses it, simplifies it, stream lines it, while requiring a fraction of the space, producing at a much higher rate, in a more controlled environment.

Pretty much a no brainer for the industry (or any industry) if it can be executed properly.

[Huggy Bear]

Let's see, which clowns lost almost all their money here and who did not?

LOLOLOLOL

[JoshTaeger]

He is she is positing the obvious, so they can't be faulted there. But without a discussion of costs and growth potential, it doesn't amount to much.

[JoshTaeger]

It's a very nice entry point. I agree. But it reads like SHMP redux. I will try to put that aside as I continue to watch RSHN...and hope for a nice bump in the pps.

There are a lot of big-picture questions to address in the future. One shrimp farm isn't enough to support a publicly-traded company, so what's the goal? IS Fuel Technologies looking for an opportunity to go public and sell their "tech" to other shrimp farms. That approach has been tried, but from what I'm aware of, not very successfully. Is RSHN looking to create shrimp farms in other locations? Including indoor locations? Those situations introduce a whole new set of costs to consider. I imagine land doesn't get much cheaper than AZ...unless you're talking about TX.

BTW, 90-day cycles is what SHMP claimed they coul do. But SHMP's "tech" doesn't appear to be up to the task.

So, how many 96m2 raceways can RSHN grow to in AZ? If each raceway can produce 1000 pounds of shrimp every 90 days, that's 4000 lb per year. At what price? $5 per pound? Frozen? (Ignoring the additional costs for quick-freeze equipment and storage facilities). Let's say $5. That's $20K per raceway per year (using the 505 mortality estimate). Want $1M in annual sales? That's 50 raceways. $10M? 500 raceways (stack 'em up).

But where's the growth going to come from? The market cap is already $4.3M. It's going to take more than $10M in annual revenue to generate growth.

Just throwing out ideas and questions.

[andebais]

A sad individual who lives on IHUB and gets his thrills here. 😂

[pickthemright]

You fool no one we all know your game ! Give me a beak !

[Huggy Bear]

There's no saving your clown ass that's certain.

But if it makes you feel better call me whatever you like.

[Huggy Bear]

Mindless was you buying this shit, nummnuts.

[BasedOnFeels]

Welcome to the board on your first couple posts! I think we have found the inside man, yeah? Just out of nowhere with info not privy to anyone. Are you part of Royal Caridea/RSHN or the aeriation company by chance?

[pickthemright]

Yep nothing like a scammer calling a scam . What joke !!
Ohh but wait he is saving the poor ignorant souls from money loosing scams just ask him he will tell ya !

[andebais]

The 30 cent basher appears again with mindless posts. HA HA

[Huggy Bear]

Just an endless stream of scams here.

[Along4daride]

Let's take a deeper dive into these technologies between the two companies and reach a conclusion that is much better than the Study suggests....

The Study was performed on a horizontal raceway system not an "eight stacked raceway system (SRS)".. Yes, using Fuel Tech's DGI technology can dramatically increase total shrimp production when compared to traditional aeration methods. Further, the Study concludes (in one key area) by suggesting Royal’s "eight stacked raceway system (SRS)" will produce 4 cycles per year, based on a 90-day production cycle to yield 42 gram size shrimp.

However, if study was performed on an actual 8 vertically stacked raceway system (1 production unit) on a 90-day production cycle basis, over a 14 month period, it would actually yield 12 cycles per year not 4. That is, of course, if you discount the initial first two months of the growth cycle, using Royal’s and Fuel Tech's combined technologies will produce 12 cycles of Jumbo/ Colossal size shrimp 🍤, thereafter, on a continuous basis.

Note: the PLs start at the top and at different stages get routed down the 8 vertically stacked raceway system until harvest. For example, after the first month, and every month thereafter, PLs will be restocked on a continuous basis, then transferred out and routed down the production unit on a continuous basis until harvest 24/7/365.

These combined technologies are revolutionary, transformational and sustainable. In due time, Royal will rise to the top and dominate the Land-based Aquaculture industry worldwide.

[Penny Grabber]

It appears the findings are a study conducted between the two companies using Fuel Tech technologies as a method of monitoring and maintaining oxygen levels to promote faster growth. In doing so, the shrimp are always developing in a highly efficient and optimized environment resulting in faster production and providing much higher/faster harvesting rates.

It seems like a proof of concept. To suggest harvesting can jump from 2x a year to 4x a year vs. standard aquaculture methods will raise some eyebrows across the industry.

One would assume partnerships would, in theory, start with existing players already in the industry (or new participants) as an attempt to increase production at current or new operations. Once proven successful and with its compact design, an effort would occur in an attempt to scale.

There seems to be alot of intellegent people behind the scenes here. The science and the concept seem to be in place. Whether or not the execution is there has yet to be determined. However, they do have some success in the past getting concepts off the ground, obtaining capital, and growing revenue significantly in a short period of time.

It does appear the foundation is in place and some "value" at these levels. From the design, developed prototype, patents, proof of concept study, and the team developing it. Much of the work appears to be done and accomplished in the start up phase. They have touched on the 8M raised and 2.5M in government programs that helped get them where they are today. So that part is done.

By adding RSHN and the licensing deal is their avenue to go public, raise capital, and create awareness for the next step in a broader public eye.

I am surprised I am saying this....but a good entry point on the stock IMO because the next PR may be a "doozie" and trips may be a thing of the past.

[JusDePomme]

Gns torture my trading ability lol

[JoshTaeger]

I seem to be immersed in shrimp. Looking for one good pump amongst them.

But all this attention. And so few pounds of shrimp sold, between the three of them. And all those claims of having the best “tech”. Who is being realistic and who is blowing smoke?

[JoshTaeger]

You mean RSHN hasn’t reported the details of the license agreement? That’s an issue, if true. You know…pig in a poke.

[JoshTaeger]

And the cost per lb is?

[Propain]

Joshy! My Man! How are you old friend! Good to see you on a different board!

[Penny Grabber]

An agreement with Fuel Tech and RSHN should be contracted and reported through a Fuel Tech or joint PR to connect the companies officially in the manufacturing of these aquaculture systems.

That should help keep things moving. SP is still hovering at decade long lows and trading well below newly adjusted par value.

[Along4daride]

IMO, collectively, Royal’s patents are superior than ANY company in the shrimp aquaculture industry.

What separates the best from the rest is not only the patents (dd required), but also the cost/ lb, CapEx, and other KPI's. It's very likely at some point Royal will dominate, if not, corner the market....

Note: the demand for luxury market niche for fresh, live and never frozen - Jumbo/ colossal 🦐 is very high and profitable 📈

[JoshTaeger]

Yea...SHMP has a patent (or patents) that don't expire for a few years. How's that working out for SHMP.

A cynic might think that RSHN is being set up as a vehicle to buy out DGI...making the owners of DGI very happy...but doing very little for RSHN shareholders.

[Along4daride]

Royal Caridea's patents expire in 2036, at the earliest. A lot of money to be made... Da truth!!

https://www.globenewswire.com/news-release/2023/04/25/2654161/0/en/Global-Shrimp-Market-is-expected-to-be-US-69-35-Billion-by-2028.html

[Huggy Bear]

Yes, I do gail.

[gail]

871 posts so far, yet, you stick around. lol

[Huggy Bear]

Lolololol !!!

Just another endless scam.

[JoshTaeger]

I give RSHN...correction...DGI...for publishing this study. To the extent that its main purpose is as a promotion piece for DGI, with less importance for RSHN, is TBD.

The quality of this report for exceeds anything any consultant or "partner" of SHMP has ever published. So that's a milestone right there.

Acknowledging that it is a report of trials, the report needs to be fleshd out. The report says 21,000 PLs initially. Let's ignore the reported and estimated mortality rates and stick with 21K. The mean weight after 100 days was 42g. Again, ignoring mortality, 21K PLs x 42g = 1940lb. Using DGI's estimated mortality of 50%, that's still just shy of 1000lb. Pretty nice, IMO.

The report says that the avg shrimp size was approximately the same for both trials, 42g. What the report doesn't say (unless I missed it), is what the final biomass of the first trial was, i.e., after the initial thinning to reduce O2 demand. So we really don't know, at least I don't know, what the actual improvement was using DGI's tech.

The contribution that DGI's tech makes to the equation is important, as is the cost to RSHN to license DGI's tech. That info would be helpful.

But overall...nice job.

[Along4daride]

This is only the beginning. Royal Caridea will eventually become best of breed in shrimp aquaculture industry worldwide.... Their patent portfolio is rock solid and growing.

[eqinvestor]

Fuel Tech is Nasdaq listed. Partnership possible.

[eqinvestor]

???

[pickthemright]

Best news we have heard yet!

[retired early]

From nano CBD beverages to stop smoking to urine testing to whatever the heck selling tokens is. Oh you might also be shrimp moguls that used to be an autism school and graphene kings and Colorado water / hemp builders. :)

[BasedOnFeels]

He is self promo-ing while skipping out the door, actually. That is his personal account with some other grand scheme no ones heard about yet. Maybe Sweat SOLD the @hdxlabs twitter account aka 'handed over', I would have. Selling/swapping followers is basically what happened here. So is RushnetRevival not a thing now? Or is there 3 more twitter accounts we need to get our information from? If RSHN needs help, I might be able to consult on how to maximize shareholder value. If they keep following Sweats roadmap, well.... we saw how that went.

9 billion shares to accumulate before this is back to its 0 line AccDist on the 3year/week chart... 9billion. This is going to be rough. Hopefully the OTC wakes up soon, so people can start making some money.

[JoseyWales88]

I'm done.


Vaya con Dios RSHN



"I think I'll try and tell him the war is over"

[gail]

thx!

[gail]

stocktwits posed news about them growing shrimp, yes, shrimp. i love shrimp, lol.

[getmoreshares]

updates will be here--- https://twitter.com/comingtomarket

[getmoreshares]

https://twitter.com/HDxLabs/status/1769743210681692345

[JusDePomme]

Is there rumors news here???