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You forget, (and I stated just a few posts ago) Lynch not only infused $615K into the company, but ALSO has made another committment for another $2.4 million when it is needed for inventory.
I disagree. Michael Lynch gave Robert Corr $615K and also made a committment of another 2.4 million for inventory. Meaning when production ramps up, the $2.4 million will pay for the production and warehousing of product that is waiting to be shipped. When distributors start placing orders, RUSH cannot THEN fire up the production lines and start making product. It has to be already made, stored, and ready to ship immediately. Somebody has to pay for that inventory until it is shipped, invoiced, and paid. That somebody is Michael Lynch. He didn't rob anybody.
He got 2 billion shares for $615K in cash AND a credit line of $2.4 million more. As part of the committment he made for the shares, he comes up with the credit line when it is needed.
In total, for his 2 billion shares, Michael Lynch is on the hook to Rush for $3,015,000. Again, he didn't rob anybody. More, he is exactly what was needed to move this company forward.
Someone else is behind this other than RUSH. If you trace the source, "COMTEX" and go to their webpage, they have "current" news from November of '05. If this was a TRUE PR, why isn't it on the RUSH website? Someone is trying some manipulation here IMO.
I'm running out of posts for today, but wanted to show you something I posted over at HSM. I will tell you that in my previous live, I did in fact introduce a few products to Wal-Mart that were eventually put on the shelves. (Not MINE, but an employers) When introducing a new product to Wal-Mart, before ANYTHING else, they want to verify that you can meet production before they will even talk to you. They don't care if you can sell solid gold jewelry for $1 an ounce if you can't keep it on the shelves. Once they know you can do that, you are 90% of the way there.
Just a little reading between the lines from some past PR's. Thought it was interesting. Maybe it doesn't mean anything, but...
I'm definately not worried about these little ups and downs.
1/26/2006
Corr continued, "The market for organic food and drink is growing exponentially and yet is underserved by manufacturers. Wal-Mart is expected to court this market very aggressively; other food giants are approving organics for "easy entry." "Organic" has now become the magic word in retailing, and RushNet aims to be a leader in the organic beverage category."
4/28/2006
As, Robert Corr stated: "This new round on capital will secure the company's need for inventory for all the new items planned for introduction this summer. Our larger retailers require firm inventory levels to be maintained at all times. As a company, we have gained a valuable partner who has expertise in raising large amounts of capital to assist us in our future expansion plans. I feel confident that, Michael Lynch and I have developed a strategic plan to grow RushNet's brands on a worldwide scope."
Rush Cola at Wal-Mart??? Hmmmm...
Officially 2 PR's in a row that have tanked RUSH. Ever heard the saying that anticipation of death is worse than death itsself?
I'm starting to think that anticipation of a PR is better than the PR itsself when it comes to RUSH!
I'm NOT bashing the stock, because I definately am long and realize the potential, but DAMN!
Looks like we are going to close in the same place we did last Thursday! It's like Friday and the PR don't even exist! My streamer looks like a bloodbath! LOL, cant make money EVERY day! :)
It's that damn boycott that's screwing us today...
Gator...she's coming out. Just for you...LOL!
http://www.rallymonkey.com/oldvideo.php
And I don't do that for just anybody...
Must have been a mistake. New-bie maybe?
Maybe someone made a boo-boo. A buy order instead of a sell? Only thing I can think of.
What was the volume on those trades? I missed the V. That was VERY strange...
I just saw that too. WTF???
Huh Gator...I hope you are right! (And it seems you usually are!)
Some folks made some MAD MONEY with this stock today!
Agree Stellar, the MM's have complete control of RSHN today. This sucks! I'm beginning to lean towards a new RUSH strategy. Details at 11.
It is strange. You want to see what a good PR SHOULD do? Check out PGPM today. Two days ago it was trading right about the same as we are with RSHN, now its bouncing around 10 CENTS!
It doesn't look pretty, and it sure ain't no damn fun, BUT. Hold on to what you got, buy more when it gets cheap. This is just my opinion, but I think many of you who hold on to this stock will be VERY happy come summertime.
Quick flip for me. Sold 500K @ .0068 and used the $ to purchase back 560K shares. Thanks MM's! 60K shares for FREE!
I'm guessing that come Monday morning this thing is going to take a real quick and short run right out of the gate. Maybe .0067ish range, and then drop back into the low .0060's and stay there ALL day.
Sell...Buy...pick up shares.
Why not? It brings 3 million worth of capital to the company. How can that be bad?
I'm definately in for the long term, but I'm also not going to miss an opportunity to sell high / buy low to increase my position. With the short runs and dips we have had in the past week I've picked up an extra 750,000 shares without costing me a penny.
Exactly. With the deals that it sounds like Corr is trying to close, there is NO WAY IMO that he would have time to field these calls even if he wanted to. PLUS, as has been stated earlier, it would be AGAINST THE LAW for any individual to release information to stockholders regarding information like this prior to a PR.
Pretty sure Corr is smarter than that.
It's coming folks. Maybe tomorrow, maybe not. Maybe next week, maybe not. Either way, anyone that is in RSHN at a decent price and has any patience at all (IMO) is going to make some money.
Move along, nothing else to see here.
Also, from experience, of all the boards out there, it seems like the Raging Bull board has MORE than it's share of Pumpers / Bashers....And lots of other BS. JMO
Well, in his defense, he was simply relaying a post of someone else on the RB board. Hell, we all believed it because we WANTED to believe it. Either way, I'm in long so it doesn't really matter one day to the next, however...
It does remind us not to purchase / sell based on what we read on the boards. I am just as guilty as anyone, but as we all know, there are some out there pumping / bashing stock for their own financial gain.
The phone #'s for both Rush and Christie Comm. are not hard to find, and all of us could do our own DD to verify facts. In my personal opinion, I don't think that either Christie or Mr. Corr would be advised by their attorneys to SPECIFY dates or times of PR's. JMO, take it for what it's worth.
Regardless, it seems from past PR's that many great things are in the works at Rush. Based on previous history, Rush does in fact put out PR's every 7 to 10 days. Hopefully one will come soon, and confirm contracts on deals they have told us about in the past.
GOOOOOO RUSH!
Not to burst anyones bubble, but the ONLY PR's in 2006 that came after 2:00 pm were on Fridays. Sh*t, I don't know any better than anyone else, I'm just hoping for it like all of you are.
Overland Park, KS...none here yet. Checked all of the 7-11's and the Whole Foods store. Someone from the HSM board claimed to have found it at 7-11 in Kansas City, however, after calling around, I am very doubtful. Gonna have to order online I guess.
Don't think too hard about it. Think of a stock like a ball. You drop it, it falls. Once it hits the ground it "bounces" back up. Now look at some charts and you will see some "bounces".
UBSS UBS Securities LLC (UBSS) TRADING DEPARTMENT 203-719-7400
OTCBB/PINKSHEETS 203-719-8710
NITE KNIGHT EQUITY MARKETS, L.P. NASDAQ TRADING 800-222-4910
J 888-515-0031
B BULLETIN BOARD 800-232-3684
DELISTING/BANKRUPTCY 212-336-8791
212-336-8792
INTERNATIONAL 800-762-0271
BROKER/DEALER DESK 888-302-9197
INSTITUTIONAL DESK 800-222-4895
F FOREIGN BULLETIN BD 212-336-8841
HELP DESK 888-931-HELP
Go to Pinksheets.com and enter your symbol. There are other MM's that are manipulating these stocks, but NITE and UBSS are the big ones right now in RSHN.
Definatley not excited like I would be if we were pushing .01, but I still have a smile on my face. I'm averaged at .0043 with a LOT of shares. :) Every tick up makes the smile just a little brighter...I'm looking for my mark so I can dump and keep 1.5M free shares.
Even without the anticipated PR so far today, I'm pretty damn happy with the way we are moving. If the PR doesn't come at noon, I would almost rather wait to have it Monday for a strong next week. If today keeps moving the way it is, we might not need it! LOL
I would have to absolutley disagree with this statement. You think there is NOTHING Bob could say to bring back the buzz of 30 days ago? How about confirmation of any number of the things from previous PR's? How about strong financials, with sales up 500% from first quarter of last year? How about confirmation of the purchase of Gray's Brewery and their entire product line? To say that Bob could say NOTHING to bring back the hype of 30 days ago is ridiculous.
I like where we've been all day, but does anyone think there is enough volume to push us over .0048 before EOD?
I'm in for the long haul so I sure as hell am not going to bash RSHN, but for today...I'll get excited when we either get a good PR OR we at least cross over the opening price.
You picked up that 100k at.0043 eh?
Granted, I would LOVE to see some good strong PR today or tomorrow...Based on past PR's from Rush, my guess is we are not going to see it until Friday. Just an opinion. I'll wait until Friday as long as the PR is not related to the most "popular picture of a soda bottle at the Wyandotte County Fair".
You are certainly correct. Not a bad idea to have a "fan" create some market stir...but to post a PR on it??? Oh well, hope for the best!
Hey all, new guy here. I'm reading some rumors on other boards that new PR regarding contracts coming out today or tomorrow. Take it for what it's worth. Not trying to push anything as like most of you, I'm in for the long haul anyways, regardless of what it does today or next month.