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Watching the U.S. House debate H.R. 3884. LIVE
Started at 9:00am
https://live.house.gov/?date=2020-12-04
https://www.congress.gov/bill/116th-congress/house-bill/3884
Good morning RSHN. Feeling good vibes on this Friday.
I am looking at the last run and seeing how the volume was. It was several days of 100-400 million plus, long with a couple of billion share days as well that took us up to .008. We're starting to see it, and that is why people are watching.
If the company can produce some activity we could see that happen over next week and beyond. We need the state annual filing (was due 11/30), the rescinding of the FAKE r/s filing (that wasn't even signed by a company officer), and then of course the 2019 Annual, and all the 2020 financials, and then the attorney letter. It can happen quickly. The company acknowledged in its recent Q&A that rshn financials updates would be subsequent getting GRPS up to date.
Have a good day everyone!
$RSHN
Currently #6 on Cannabis Stock List
https://investorshub.advfn.com/cannabis-stocks/
From the company's last financial report/disclosure:
"The Company’s focus is on developing businesses and products for the cannabis industry and its ancillary markets, including in particular, the ownership of hemp and marijuana cultivation and manufacturing operations with a special focus on products that hold medicinal value. In that pursuit, the Company has been negotiating the acquisition of several different companies in the marijuana and hemp space, including cultivation, manufacturing, distribution, and retail operations."
https://backend.otcmarkets.com/otcapi/company/financial-report/235151/content
The Leganja Fairy Alliance is a direct income arrangement with a recreational marijuana producer and retailer. (Posted the info earlier)
I would say there is a valid reason people are looking at this as a potential CANNABIS stock...
GO RSHN!
Take a look at the STNT financials. Thats a lot of verbiage and intertwined information that is confirmed on STNT and GRPS financials. It will be confirmed on RSHN financials too when they are updated.
https://backend.otcmarkets.com/otcapi/company/financial-report/262040/content
Take a look at the issued shares to Richard Goulding for both GRPS and RSHN. (p5&6)
Note 1. Description of Business
Acquisition of New Earth Development Corporation
On February 21, 2020, the Company entered into an Acquisition, Funding Agreement (the “Agreement”) with Gold River Productions, Inc., a Colorado corporation and the parent corporation to its wholly owned subsidiary New Earth Development Corporation (“NEDC”), an Illinois corporation, which in turn is the parent corporation to its wholly owned subsidiary Hemp Armor Inc., RushNet Inc., a Colorado corporation, and Joshua Spooner, an Illinois resident (see Note 7. Acquisition of New Earth Development Corporation).
Pursuant to the terms of the Agreement, the Company received all of the stock and other ownership of NEDC, which makes both New Earth Development Corporation and its wholly owned subsidiary, Hemp Armor Inc, wholly owned subsidiaries of the Company as of February 21, 2020.
As consideration for all of the stock and ownership interests in NEDC, the Company has agreed to (i) issue 2,500,000 shares of its common stock in exchange for all of the shares and ownership
interests of NEDC, (ii) provide five million dollars USD ($5,000,000) of funding to NEDC (the “Funding”), and (iii) agrees that Joshua Spooner shall serve as the Chief Executive Officer of Hemp Armor Inc., with Mr. Spooner managing Hemp Armor Inc. from his Illinois office.
Hemp Armor Inc. will use the Funding to build the first manufacturing facility to capitalize on the opportunity, and to corner, the market of hemp bio-textiles and composites to significantly upgrade modern textiles, and to provide new raw material resources for superior attire for the safety of the user, and in part to accommodate increasing demand for textiles, and the creation of a renewable source of raw bio-textiles, for application in aerospace, automotive, law enforcement, the
Department of Defense, and to enable it to construct a 600 meter ballistic testing range. Hemp Armor will also seek to produce primarily high strength woven design that will house the flexible ballistic material formulations known as CarbonEra™, which will be manufactured pursuant to a licensing agreement with Nova Graphene™.
Note 7. Acquisition of New Earth Development Corporation
On February 21, 2020, the Company entered into an Acquisition, Funding Agreement (the “Agreement”) with Gold River Productions, Inc., a Colorado corporation and the parent
corporation to its wholly owned subsidiary New Earth Development Corporation, an Illinois corporation, which in turn is the parent corporation to its wholly owned subsidiary Hemp Armor Inc., RushNet Inc., a Colorado corporation, and Joshua Spooner, an Illinois resident.
Pursuant to the terms of the Agreement, the Company received all of the stock and other ownership of New Earth Development Corporation, which makes both New Earth Development Corporation and its wholly owned subsidiary, Hemp Armor Inc, wholly owned subsidiaries of the Company as
of February 21, 2020. As consideration for all of the stock and ownership interests in New Earth Development Corporation, the Company has agreed to (i) issue 2,500,000 shares of its common stock in exchange for all of the shares and ownership interests of New Earth Development
Corporation, (ii) provide five million dollars USD ($5,000,000) of funding to New Earth Development Corporation (the “Funding”), and (iii) agrees that Joshua Spooner shall serve as the Chief Executive Officer of Hemp Armor Inc., with Mr. Spooner managing Hemp Armor Inc. from
his Illinois office. Hemp Armor Inc. will use the Funding to build the first manufacturing facility to capitalize on the opportunity, and to corner, the market of hemp bio-textiles and composites to significantly upgrade modern textiles, and to provide new raw material resources for superior attire for the safety of the user, and in part to accommodate increasing demand for textiles, and the creation of a renewable
source of raw bio-textiles, for application in aerospace, automotive, law enforcement, the Department of Defense, and to enable it to construct a 600 meter ballistic testing range. Hemp Armor will also seek to produce primarily high strength woven design that will house the flexible ballistic material formulations known as CarbonEra™, which will be manufactured pursuant to a licensing agreement with Nova Graphene™.
On February 21, 2020, which is the effective date of this acquisition, the Company agreed to issue 2,500,000 shares of its common stock as consideration for all of the stock and ownership interests of NEDC. The Company estimated the fair value of these shares to be $34,975,000, which represents the $13.99 per share closing price as quoted on the OTC Market index as of February 21, 2020 multiplied by the 2,500,000 shares.
As of February 21, 2020, NEDC had zero assets, zero liabilities, and zero net equity. Accordingly, the Company recorded the entire $34,975,000 estimated fair value of the 2,500,000 shares of
common stock issued to NEDC as consideration for all of the stock and ownership interests of NEDC as goodwill on its balance sheet as of both February 21, 2020 and July 31, 2020. The following summarizes the calculation of the goodwill recorded by the Company:
Estimated fair value of common stock issued as of acquisition date $34,975,000
NEDC assets as of acquisition date $ -
NEDC liabilities as of acquisition date $ -
NEDC net equity as of acquisition date $ - $ -
Goodwill recorded as of acquisition date $34,975,000
The Company reviews its acquired goodwill for impairment annually or more frequently if events or changes in circumstances indicate that the carrying amount may not be recoverable. In reviewing its goodwill, the Company performs a qualitative analysis to determine if it is morelikely-than-not that the goodwill is impaired. If the qualitative analysis indicates that goodwill is likely impaired, the goodwill carrying value in excess of its fair value would be recognized as an
impairment loss. Management has concluded that, based on a qualitative analysis, it is more-likelythan-not that goodwill has not been impaired as of July 31, 2020. The 2,500,000 shares were issued to NEDC on May 16, 2020 as the Company’s transfer agent finally received the required information from NEDC. The accompanying financial statements include the 2,500,000 shares that were issued on May 16, 2020 in both the number of shares issued and outstanding and weighted average shares outstanding calculations.
The WSRC deal that didn't pan out was very much real. Shareholders visited and talked to the Oleson's at the time. It didn't work out, and the asset was removed from the financials thus eliminating the inflated asset value that everyone complained about. I lobbied hard for Goulding to correct the financials and remove the non-asset. He did. Shareholders should be happy that assets are now an accurate reflection. That's why we went back to trips.
The company has updated shareholders on which initiatives are in play, and which are on the back burner (due to lack of funding/delays of govt appropriations). The information has been shared here, but as you know its hard to find with all the posts.
New Earth Development, who would have utilized the 500k acres for graphene has been sold...remember?
RSHN Class Is Now In Session:
Keep in mind that RSHN has shared financial interests with Gold River Productions Services, Inc (trading symbol: GRPS) including, but not limited to shared equity in multiple joint ventures, government grant initiatives, innovative products and more.
GRPS Trademarks for products in development (all recently updated and active applications):
https://uspto.report/company/Grps
RSHN Active Trademark Applications
KO (short for KnockOut)
KO Punch
From the 11/11/20 PR:
RSHN and GRPS have jointly engaged the services of Products Placement Unlimited and its owner, Ronnda Shields to place products and services in multiple outlets, including a unique marketing outlet and mechanism to be further explained in the near future. "Ronnda only takes on unique products that have a strong market potential. She's a perfect fit for our company and she's already placed products in a number of outlets," says Rushnet CEO, Frank DeAngelo. "Our first commercial product was released on a trial basis and the response was remarkable. We are revamping the formulation and the name to be even more powerful and effective. 'Defender' will be on the market shortly. Other products utilizing Ms. Shields' unique marketing strategies are already in the works, including hi-octane CBG gummies for pain and GI issues."
RSHN announces its initial formulations of herbal blends that address growing needs for problem areas in medicine. "Our formulations are created from the most potent portion of the plant, carefully extracted to enhance efficacy and compounded based on many years of clinical experience," says Richard Goulding, Chairman of the Board. He further explains that, "Entities such as pain and sleep have become extremely difficult to address from a physician's standpoint due to the growing concern of addiction and dependency fueled by opioid and other toxic medications. Our formulations are safe, non-addictive and represent stand-alone options for physicians and patients for routine and difficult, and often pervasive medical maladies, including sleep, pain, addiction and anxiety, among others."
LeGanja Fairy Alliance
During 2019, the Company entered into a strategic alliance with LeGanjaFairy LLC (LeGanja) and GRPS. As part of this alliance, LeGanja will be provided $5,000,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with LaGanja and
GRPS. During the three and six months ended June 30, 2020 those revenues
totaled $108,199 and 232,530, respectively.
LeGanjaFairy, LLC
Washington State Licensed Marijuana Producer / Processor. Established in 2015
https://leganjafairy.com/#
Street Address: 6021 E. Mansfield Ave., Suite 700, Spokane Valley, WA 99212
Mailing Address: 2915 W Horizon Ave., Spokane, WA, 99208
I502 PRODUCER / PROCESSOR / Washington UBI # 603 348 456
Sales Data
https://www.topshelfdata.com/wa/spokane-valley/leganjafairy
https://www.502data.com/license/415692
CEO - Shane Archibald
Shane brings over 20 years of traditional business and project management experience in the IT, Transportation, Aerospace and Construction industries as a consultant, trainer, author and speaker to the developing cannabis industry.
Licensed as both a Tier 3 Marijuana Producer and a Marijuana Processor. In business for more than four years, 2019 year-to-date revenue of over $215k, total revenue since inception of nearly $1.5 million and an expanding customer base, it offers more than 70 unique strains of Cannabis ranging from strains used for pain relief, high CBD-content, to heirloom strains that have been cultivated since the 1970’s. Customers currently receive their product in the form of flower, extract and in a pre-rolled format.
Able Academics Alliance
During 2020, the Company entered into a strategic alliance with Able Academics LLC (Able) and GRPS. As part of this alliance, Able will be provided $7,500,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid
out according to the agreement with Able. During the three and six months ended June 30, 2020 those revenues totaled $554,117 and 554,117, respectively.
Website: http://www.ableacademics.com/
The Company is pleased to announce that their acquisition of an historically profitable Autistic Spectrum focused full-service school is fulfilling all needs of students. "These schools have a unique formulation to maximize the learning capacity of children afflicted with varying stages of Autistic Spectrum Disorder," says Richard Goulding, M.D. Chairman of the Board of Gold River and Rushnet. "It's our intention to replicate this successful schooling formula and to address the specific problems these kids have utilizing our herbal formulations that specifically target these kids' needs. With funding, our Spectrum formulations have the capacity to improve the lives of those who suffer from Autistic Spectrum Disorder, an issue influencing, at least marginally in some cases, one out of every 59 individuals." 11/11/20 PR
Goulding has funded lobbyist Jack Burkman for "Autism related issues and research". Here is the public record showing that.
https://lda.senate.gov/filings/public/filing/477d705c-0005-4c97-8b34-5da7e032a900/print/
Alliances with BIEI & HALB
Halberd/BIEI financing agreement for development of Covid treatment
Premier Biomedical, Inc. (OTCPINK:BIEI), Halberd Corporation (HALB) and Gold River Productions Inc. (GRPS) announce the signing of a multi-faceted agreement for ongoing R&D into a potential treatment and cure for Covid-19 as well as development of Premier's Anti-Addiction Patch™.
Link
https://www.otcmarkets.com/stock/BIEI/news/Premier-Biomedical-Halberd-and-Gold-River-Agree-to-Work-Jointly-to-Develop-Premiers-Patented-Extracorporeal-Technology-o?id=258698
Lobbying Disclosure for the Corona Virus Related initiatives
https://lda.senate.gov/filings/public/filing/35845af4-bea3-4546-8aca-d645a09e1b80/print/
Halberd/BIEI agreement to develop anti-addiction patch.
WHEREAS, RushNet, Gold River and Premier are parties to a Strategic Alliance Agreement dated July 19, 2019 (the “Patch Agreement”) concerning the development and marketing of Premier’s Anti-Addiction PatchTM Product.
Link
https://www.otcmarkets.com/stock/BIEI/news/Premier-Biomedical-Signs-Joint-Venture-Agreement-With-New-Earth-Development-RushNet-Inc-and-XYZ-Hemp-Inc-to-Market-New-A?id=235663
Other News:
GRPS and RSHN jointly sell New Earth to Stevia Nutra for stock
Gold River Productions, Inc. (OTC Pink: GRPS) and RushNet, Inc. (OTC Pink: RSHN) jointly announce the sale of New Earth Development Corporation (New Earth), on February 28, 2020.
The combined sale price is $34,975,000, payable in shares of Stevia Nutra Corp. (OTC Pink: STNT) common stock, 2,250,000 shares to Gold River and 250,000 shares to RushNet (this split being in accordance with the terms of the joint venture agreement between Gold River and RushNet).
https://www.otcmarkets.com/stock/STNT/news/Gold-River-Productions-Inc-GRPS-and-RushNet-Inc-RSHN-Announce-Sale-of-New-Earth-Development-Corporation-for-Stock-in-Ste?id=255788
From GRPS financials:
Effective February 21, 2020, the Company entered into an agreement with Stevia Nutra Corp wherein the Company exchanged its shares of New Earth for 2,250,000 shares to be issued by Stevia. On the date the agreement closed, Stevia share were thinly traded with a value of $13.99 per share. Given the large number of shares the Company acquired compared to how few shares of Stevia actually trade on the open market, management decided to classify the shares as a Level 3 asset. The Company also chose value the shares at $.20 cents based upon a reasonable offer received for those shares.
For those who try to tell you that RSHN is a share selling scam or that there is massive dumps. Its actually quite the contrary....
RSHN has only issued 25 million common shares since it was acquired by Goulding, all in 2019. Never has been any dilution here. Just minimal shares issued to people for services. See link.
https://backend.otcmarkets.com/otcapi/company/financial-report/235151/content
GRPS has hardly issued any shares either. Only a few small blocks for services recently. The recent increase for GRPS is to accommodate an agreement for shares which raised the company money. Its in 3/31/20 financials.
Removing the WSRC deal (and its corresponding financials) from last years terminated deal created a nice reset for RSHN with regard to asset value. Anything acquired from here on out will be a true reflection of assets, allowing for investors to place a new value once revenue or assets are increased.
Association with Randall Goulding:
The only thing Randall does for RSHN is file documents with the state of Colorado (not under sec jurisdiction). He is no longer a correspondent for trademarks and he HAS NEVER provided legal services for RSHN/GRPS. Dolkart Law has always been the companies' attorney. Check the oldest financials for that record.
If anyone wants to discuss DD here, I am all for it.
Lets go RSHN & GRPS!
Always good to keep an eye on the accumulation indicator. The accumulation this fall to now has been massive going up in large stair-steps. Really makes that 200 m dump from the reverse split fake out what it was...a fake out.
4.2 B accumulated
RSHN
Almost a year ago I posted this picture, questioning the average daily volume, because at the time we never had volume that would create these high daily averages month after month.
Now all the shares are locked up in DTC, so all the shares available are written, recorded, and accounted for, basically. Is it possible there was naked shorting here? If so, get ready for a squeeze. It's possible by putting all the shares in DTC that doc already has them by the balls.
Thoughts?
Was wondering if anyone here has seen that video from Robert David Steele? I wonder if that has any effect on what is happening with all the suppressed and dormant OTC tickers coming to life. I wonder if the thieves on wall street are starting to cover big time before they all get taken down. Thoughts?
Wrong group. This group is going to Vegas...
On the way to Maui.
OOOPS
Periodic report with the state is due by today. Lets see what happens. Have a good week.
RSHN
Happy Thanksgiving everyone.
Take a break and enjoy the weekend. We'll see you next week for another next week scenario. That's ok, I'm still thankful for my RSHN shares, for they will remain patient...as patient as us all who wait for evidence of scam every next week. Be well
RSHN
Hopefully 3rd Quarter will post Monday and a couple days after we go current, however I'm not holding my breath because... 1) they were late posting the late notice (supposed to post no later than 11/14-45 days after quarter) and 2) they didn't follow through Friday per their anticipated date. ::Sigh:: We'll see what happens.
GRPS
See you next week!
We'll be here....
Waiting for some proof of scam like we have for the last two + years. OOPS Aint nuttin but No proof of scam ever provided here. OOPS
What have we seen here for proof of scam? Spelling mistakes? a family relative (Randall) who was fined by the SEC for doing nothing related to RSHN? OOPS.
Lets see, Even though Burkman seems like a shady character, there are at least public documents confirming the connection that he is lobbying for Goulding.
What are some of the other complaints here? the 8 million carry forward loss that is basically expired and irrelevant to the stock? The back taxes owed to Nevada (which have been acknowledged in one of the financials in the past)? What else there. NOTHING
OOPS
Go RSHN
What if the doc spelt it that way intentionally to hint that the run is going to Biblical hahahaha
All types of businesses are being affected by the coronavirus and the unconstitutional mandates from governors across the country. Its not RSHN's fault their business plan has come to face another obstacle. So calling them monkeys is ridiculous!
How long ago did we see RG's lobbying statement with Burkman for "autism related issues"? RG has been working on this longer than corona virus has been around, trying to get funding.
I have relatives and friends with autistic children. Forming a K through 12 school specifically for autistic children is a great idea, if you ask me. I wouldn't dwell on this too much as its primarily a GRPS venture, as it relates more to the health and human services arena. RSHN will focus on products and distribution.
The only monkey I see is this one:
Go RSHN Free the Kraken !
As much as anyone wishes they were not, GRPS is joined at the hip with its sister R*HN. In order to understand the company you are investing/trading in, people ought to look at the big picture. This goes more specifically for people in the sister company, because we all know GRPS is the big kahuna of the two. ;)
OTC Company Description excerpt:
With the company website: www.grpsinc.com, we will be working jointly with various companies, including RushNet Inc. (RSHN) in the construction of products ranging from rare cannabinoids to targeted blends.
(Link)
From the GRPS financials:
The Company has shared financial interests with Rushnet, Inc. (trading symbol: RSHN) including, but not limited to shared equity in multiple joint ventures, government grant initiatives, innovative products and more. The Company’s focus is on developing and acquiring businesses and products for the hemp and CBD industries including specialty, particularly with medicinal value.
Link
Joint Ventures/Alliances where RSHN is a beneficiary jointly with GRPS:
Halberd/BIEI financing agreement for development of Covid treatment
Premier Biomedical, Inc. (OTCPINK:BIEI), Halberd Corporation (HALB) and Gold River Productions Inc. (GRPS) announce the signing of a multi-faceted agreement for ongoing R&D into a potential treatment and cure for Covid-19 as well as development of Premier's Anti-Addiction Patch™.
Link
Halberd/BIEI agreement to develop anti-addiction patch.
WHEREAS, RushNet, Gold River and Premier are parties to a Strategic Alliance Agreement dated July 19, 2019 (the “Patch Agreement”) concerning the development and marketing of Premier’s Anti-Addiction PatchTM Product;
Link
Joint Venture with LeGanja Fairy
During 2019, the Company entered into a strategic alliance with
LeGanjaFairy LLC (LeGanja) and RushNet Inc. (Rush). As part of this alliance, LeGanja will be provided $5,000,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with LaGanja and
RushNet Inc. During the three and six months ended June 30, 2020 those revenues totaled $108,199 and 232,530, respectively.
Link
Joint Venture with Able Academics
During 2020, the Company entered into a strategic alliance with Able Academics LLC (Able). As part of this alliance, Able will be provided $7,500,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with Able. During the three and six months ended June 30, 2020 those revenues totaled $554,117 and 554,117, respectively.
Link
GRPS and R*HN jointly sell New Earth to Stevia Nutra for stock
Gold River Productions, Inc. (OTC Pink: GRPS) and RushNet, Inc. (OTC Pink: RSHN) jointly announce the sale of New Earth Development Corporation (New Earth), on February 28, 2020.
Link
The combined sale price is $34,975,000, payable in shares of Stevia Nutra Corp. (OTC Pink: STNT) common stock, 2,250,000 shares to Gold River and 250,000 shares to RushNet (this split being in accordance with the terms of the joint venture agreement between Gold River and RushNet).
One other consideration ...
In my opinion, Frank DeAngelo is basically the CEO of both GRPS and sister. He's getting stock in both, and that's how I see it based on his handling of the investor Q&A video.
GO GRPS!!!
I’ll go with the all too common misspelling rather than the theory of being led astray.
Here is an instance where it is spelled correctly in the first quarter.
Note 11 Strategic Alliances
https://backend.otcmarkets.com/otcapi/company/financial-report/263708/content
People just started hearing about Able. I asked what it was when I first saw it, and they answered it in the Q & A.
Go RSHN
Here is the website and some links for Able Academics, LLC. You’re spelling it wrong.
http://ableacademics.com/titusville_school/meet_the_principal
http://ableacademics.com/titusville_school
https://www.linkedin.com/company/able-academics
https://npino.com/behavior-analyst/1205376902-able-academics%2C-llc/
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=ABLEACADEMICS%20M100000009040&aggregateId=forl-m10000000904-e72eaf7d-6e23-47d7-8eb8-7790c2ca82e9&searchTerm=Able%20academics&listNameOrder=ABLEACADEMICS%20M100000009040
They also received a $350k PPP loan (must have some employees...). I’ll leave some DD for others ;)
RSHN & GRPS
That part of the financials talking about credit risk is irrelevant.
NOTE 11 - STRATEGIC ALLIANCES
During 2019, the Company entered into a strategic alliance with LeGanjaFairy LLC (LeGanja) and RushNet Inc. (Rush). As part of this alliance, LeGanja will be provided $5,000,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with LaGanja and
RushNet Inc. During the three and six months ended June 30, 2020 those revenues totaled $108,199 and 232,530, respectively.
During 2020, the Company entered into a strategic alliance with Able Academics LLC (Able). As part of this alliance, Able will be provided $7,500,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid
out according to the agreement with Able. During the three and six months ended June 30, 2020 those revenues totaled $554,117 and 554,117, respectively.
Thanks, my friend, for the nice remark. Appreciate that. I try to always post the facts and thoughtful opinion.
It is still there, but our annual update is due by 11/30, so I would expect to see the document removed and also a name change back to RSHN by 11/30.
Can't stop what is coming. ;)
My thoughts...
Half of RSHN investors assets have disappeared in the gr8r8fr8 deal.
Because financials are not up to date, NO ONE knows what's going on with Great Rate Freight. Do you have proof that it disappeared? There were at least 3 grant initiatives associated with GRF. They were also developing software for the trucking industry (Agorz). Ask Goulding for an update if you're so concerned. I cant grill the doc on everything, although I try.
All of the $8mil dope/water farm disappeared too and that cost investors $800k.
So what. The removal of the wsrc deal gave RSHN a RESET with respect to assets. All assets acquired now will be true assets. Why aren't you happy that the company removed the asset that was artificially inflating their value?
None of the revenue-sharing acquisitions have produced even one cent of revenue.
Although financials need to be updated, we know that LeGanja Fairy and Able Academics are now on the books with GRPS. GRPS works jointly with RSHN 5% of net income each.
The 1510 to 1 reverse split remains on the books at Colorado SOS!
Sure, the SOS document needs to be corrected, but the company has publicly stated it is cancelled.
https://www.globenewswire.com/news-release/2020/03/30/2008415/0/en/RushNet-Inc-RSHN-Announces-No-Reverse-Stock-Split-Abandonment-of-StopDrops-Inc.html
Ties to reprimanded Randall Goulding remain.
Most people who caught wind of RSHN from P*TN knew Randall as RG's brother, and many, many invested anyways. You seem so vested in RSHN, I'm sure you were well aware like many of us all. Randall is not a company officer. He is simply a correspondent for filing state documents (which the SEC has no jurisdiction over) and does not represent or provide any legal services to RSHN.
The "high-powered lobbyist" has been shown to be conducting criminal activity.
I have been found guilty of a crime before, but I am still a professional. Many politicians have been guilty of a crime and remain in a position. Post the story where they WERE CONVICTED. I believe they are just indictments (allegations) thus far ;)
The celebrity clown has refused to make any appearance!
Goulding has stated time and time again that an endorsement will come with product launches. "We will finalize this process to coincide with product launches." (Link). The product for which the celebrity was going to be for is a CBD product. Why do you think we haven't heard about it since Jan 2019, because the last week of 2018 the hemp industry was dealt the CBD blow.
No filings in a year!
Happens to many companies in the OTC. I assume you are very familiar with risky OTC stocks.
Shareholders are defending the very organization that took their money!
Most people like to see companies succeed, especially ones they invest their money into. Some are just day traders, and they want the company to post positive news so they can buy low and sell high. Not often do people like to see their company tank.
The world has gone crazy!
Holy crap batman! Something we can agree on!
Thoughts?
Those are my thoughts. Maybe some others here can respond with their thoughts???
Hey, I most certainly agree with you there too.
I was just trying to highlight that (it appears to me) we only need two documents for current (despite all the embarrassing inactive documents).
Lets take a look....if I pull aside the active documents...it looks like we need the 3rd quarter which was due 11/14th, and also an attorney letter that validates both 2020 YTD AND 2019 or two attorney letters, one for 2020 YTD and one for 2019 depending on how OTC requires it.
2020
TBD Attorney Letter
Due 11/14/2020 3rd Quarterly Report 09/30/2020
11/14/2020 2nd Quarterly Report 06/30/2020 A
11/14/2020 1st Quarterly Report 03/31/2020 A
2019
11/14/2020 4th/Annual Report 12/31/2019 A
08/18/2020 3rd Quarterly Report 09/30/2019 A
09/24/2019 2nd Quarterly Report 06/30/2019 A
08/18/2020 1st Quarterly Report 03/31/2019 A
2018
08/18/2020 4th/Annual Report 12/31/2018 A
11/15/2018 Quarterly Report 09/30/2018 A
10/11/2018 Attorney Letter 06/29/2018 A
10/01/2018 Quarterly Report 06/30/2018 A
10/01/2018 Quarterly Report 03/31/2018 A
10/01/2018 Annual Report 12/31/2017 A
09/20/2018 Attorney Letter 06/30/2018 A
If I'm not mistaken, it looks like we just need a new attorney letter or for the one that was posted to be an active document. Not sure if it needs to be edited or not. Anyways, 3 documents were posted today, so they are trying to get it correct.
https://www.otcmarkets.com/stock/GRPS/disclosure
Go GRPS! Next week current though, I would think.
Wow 274 million volume! And 4s
I thought no one wanted this POS hahaha OOPS
RSHN
Don't forget the sister company's products that are coming down the pipeline and marketed with Product Placement are all HERBAL THERAPUETICS, none of which would require FDA approval (or contain CBD).
Here are the list of Trademarks for sister company. OH LOOK. DEFENDER has its application live again.
Trademarks for sister company - now up to 7
https://uspto.report/company/Grps
Trademark for RSHN - 2 trademarks, live
KO
https://tsdr.uspto.gov/#caseNumber=88101335&caseType=SERIAL_NO&searchType=statusSearch
KO Punch
https://tsdr.uspto.gov/#caseNumber=88101358&caseType=SERIAL_NO&searchType=statusSearch
We need the sister company to go current
We need RSHN to post 2019 and 2020 financials, attorney letter and current.
And with regard to the products, we need the company to tell investors which ones are falling under which entity so people can make informed decisions.
Go RSHN & GRPS!
Most that invested in this stock back in 2018 was aware of the company's association with Richard's brother before putting their money here - most caught wind of rshn from potn. He is a correspondent only. All he does is file the secretary of state documents. Has nothing to do with the company. All Randall's doings that were prosecuted by the SEC are unaffiliated with RSHN.
Nutmeg has nothing to do with RSHN.
Dolkart Law is RSHN/GRPS's attorneys from day 1.
Go RSHN
Seems like the recent volume here is similar in size to the amount of shares that were scared off shareholders with the reverse split FAKE OUT. The shares were at about .0007/.0006 around mid December. Now being bought back at .0002. Just my speculation.
Go RSHN
RSHN and it’s sister company have been viciously attacked since 9/18/18.
RSHN
Just remember it is an undeniable fact that RSHN has shared financial interests with and is working jointly with sister company GRPS. In the video interviews Frank DeAngelo said RSHN would be after GRPS in terms of getting current.
From the OTC company description for sister company:
...we will be working jointly with various companies, including RushNet Inc. (RSHN) in the construction of products ranging from rare cannabinoids to targeted blends. Our future endeavors include the first risk retention group specifically for publicly traded companies dealing in CBD products, a trucking logistics operation for economical delivery, and a number of other unique industries to this burgeoning market.
As you all know, there is also shared assets (investments), and shared funding agreements (Halb collaboration), and shared income arrangements (ie. LeGanja, New Earth Acquisition). RSHN is not going anywhere.
From the GRPS financials:
The Company has shared financial interests with Rushnet, Inc. (trading symbol: RSHN) including, but not limited to shared equity in multiple joint ventures, government grant initiatives, innovative products and more. The Company’s focus is on developing and acquiring businesses and products for the hemp and CBD industries including specialty, particularly with medicinal value.
If GRPS succeeds, RSHN will succeed. If you only focus on RSHN, you're missing the big picture. All IMO
D
Go RSHN!
Nice to see our GRPS on the verge of Current once again.
I was just checking out again the video interview that was done a couple months ago. Here are some the things that are still active and they said would be forthcoming...
Updates Expected:
-LeGanja Fairy (in play as shown on financials)
-Able Academics - This hasn't been announced in a PR, but is very much in play as shown on financials. It is a chain of schools in FL that is geared toward teaching children with autism, and preparing them for high school/higher grades. The goal is to grow them to every state.
-Announcement on a CFO and/or other personnel
-Information on Super Defense. This is the first product being sold and is currently being marketed by Product Placement Unlimited.
-Grants are still in play. Waiting on a gov't stimulus package that hopefully includes earmarked funds.
-Anti-addiction patch still in play with Halberd. Not only does it help for opiods, but most other addictions too. Dependent on grants
-Graphene still in play, but highly dependent on grants due to the expensive start-up costs.
-Currently trademarked products under development: insominoplex, stressplex, painplex, energyplex, herbal therapuetics, super defense
https://uspto.report/company/Grps
-Frank DeAngelo stressed that they seek to have quality tested and proven products, backed by a stellar team who stand behind the products before they go to market.
-Goulding has put up over $100,000 of his money to fund the lobbyist and the marketing that is starting for Super Defense.
GRPS has so much potential. As soon as we post real assets and revenues, the price will go up. With such low assets already, everything is able to grow organically from here.
By the way, I hear a lot of people saying Super Defense isn't a GRPS product. Here is RG talking about it while sitting right in front of a Super Defense two months ago.
oops
Go GRPS!
So basically you're saying its plausible that a MM could be selling to himself cheap so that he can try to shake shares? Typical activity for our grps. I call them MM specials or diperoos, and I have gobbled them up a few times here. Thank you :)
GRPS
No products you say?
Gold River adds four additional trademarks for its future nutraceutical/CBD line. While the formulations have been completed and will remain proprietary, the names are carefully constructed to reflect usage... The trademarked names include Inflammaplex™, Energyplex™, Painplex™ and Insominoplex™ enhancing the nutraceutical line, with 15 more to be added as the product lines are perfected.
https://www.globenewswire.com/news-release/2019/06/27/1875479/0/en/XYZ-Hemp-Inc-GRPS-Gold-River-Productions-Inc-and-RushNet-Inc-RSHN-Announce-Most-Recent-Acquisitions-Alliances-Products-Grants-and-Name-Change.html
From the financials...
Additionally, for its products, it has created alternative delivery
systems utilizing a nebulizer and specially formulated, nanotized CBD, aided by a substrate (Emu oil) that mitigates cough and accentuates absorption and bioavailability. Ultimately, this technology should prove instrumental in treatment of addictive disorders, anxiety attacks, among other medical maladies.
Principal Products
The Company’s principal products have been formulated and are in various stages of production. Formulated from proven nutraceutical combinations, the therapeutic effects of these formula are augmented by our full spectrum and broad spectrum CBD. The company has also created three patient kits that will target specific disorders including obesity, drug addiction and cosmesis.
Distribution and Marketing
The Company is developing its distribution and marketing plans to include addiction centers, marijuana dispensaries, kiosks and convenient stores.
New Products - The specific products will not be named until they have been trademarked. However, they include products targeting inflammation, pain, obesity, erectile dysfunction and others. They also include the enhancement of energy and alertness. While these products have been tested successfully in the clinic, more intensive study is needed. This further testing is being planned now for study in various institutions.
https://backend.otcmarkets.com/otcapi/company/financial-report/260419/content
Trademarks
https://trademarks.justia.com/owners/grps-4144431/
Product Placement Unlimited
https://www.facebook.com/pages/category/Product-Service/Product-Placement-Unlimited-103486271374741/
The share increase is minimal. Authorized was only raised to 1,300,000,000 from 1,000,000,000.
They raised it so they could issue the 48 million shares recently subscribed, which raised them money. Since Goulding took over this ticker, there has been very little dilution. This is the only time the authorized has been increased, and you can see in the financials all the shares that have been issued. Especially when you compare it to what Hartman did with BIEI... That BS does not and has not happened to with GRPS or its sister.
I tend to disagree with dilution for RSHN and GRPS.
RSHN has only issued 25 million common shares since its inception, all in 2019. Never has been any dilution here. Just minimal shares issued to people for services.
https://backend.otcmarkets.com/otcapi/company/financial-report/235151/content
GRPS has hardly issued any shares either. Only a few small blocks for services recently. The recent increase for GRPS is to accommodate an agreement for shares which raised the company money. Its in 3/31/20 financials. BIEI on the other hand....is rotten dilution.
My opinion on the R/S filing is that Randall is only prohibited from OTC/Stock related activities. He has always filed the state documents, and was previously the companies' trademark attorney correspondee. However I believe RG is now the correspondee on all active trademarks. Dolkart Law has ALWAYS BEEN the attorney for the companies' filings on the OTC. The state R/S document was signed by Bob Hainey. No where is it stated that he is a company officer, so the document is indeed questionable, imo. I agree it needs to be rescinded or amended for clarity. It's a good thing that deal didn't work out. I believe they talked about it in the video. A lot of people missed this PR too ;) https://www.globenewswire.com/news-release/2020/03/30/2008415/0/en/RushNet-Inc-RSHN-Announces-No-Reverse-Stock-Split-Abandonment-of-StopDrops-Inc.html
Go RSHN! Let's get those financials posted!
After removing the WSRC deal, it has basically reset these two sister companies, financially. With that said, whenever they are able to post verifiable assets or verifiable revenue (as in already received and noted on financials), then the respective tickers will go where they deserve to go. Anything from here on is organic growth. The good thing going is that as of 3/31/20, GRPS had $591,678 assets, primarily JV investments. That is significantly more than anything in 2019. The WSRC deal that never went through, artificially inflated the assets for both.
Richard Goulding has loaned approximately $110,000 to GRPS. The arrangement with LeganJa Fairy is in play, discussed on financials, but cash from that income source is restricted per the financials until a later date. Able Academics is already producing revenue (but has like expenses) as posted on 3/31/20 financials.
https://backend.otcmarkets.com/otcapi/company/financial-report/255392/content
The 2nd and 3rd quarter financials need to be posted. They should show progress. The shares of the stnt deal were valued at .20c, so the deal only netted GRPS about $450k, not $32 million.
GRPS has lots up it sleeve from THC MJ (leganja), to hemp (CBD/Graphene), to medically focused issues (addiction, covid, autism education(Able), trademarked products) etc. etc. It's complicated to follow.
Sister company needs assets and its own news.
GLTA
All my opinion on things. Always happy to share my opinion on the DD. I hope the companies succeed.