Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Farming/agriculture, new technologies, and sustainable food production have tremendous tax benefit, access to subsidies, grants, loans, resources, and other advantages both on the state and federal levels.
The key is the demonstration system being completed, tested, evaluated, marketed, and sold.
Seems like they are still utilizing land in Arizona for production still. But looking transition, market, and scale the patented system through RSHN as the next endeavor.
The idea is interesting. Execution has yet to be seen or determined. Very nice upgrade though for RSHN shareholders IMO.
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.
🤔
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.
🤔
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.
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.
Nothing will happen until Q2. There is no point showing any activity this quarter to spend extra time on the filings reporting all the moving parts.
Only paperwork and getting ready for Q2 at the very earliest.
It will be interesting to see if par value on the common will remain set at .001 vs .0001 not sure if that is an error as well, since they mistakenly filed 95B v 19B on the authorized shares.
If that is the case, that is the lowest value that can be assigned to shares distributed by the company. That is over a 3x from current levels.
That is a key # to pay attention too.
Any shares received at .001 could still be sold into a bid at market regardless of the bid, but that doesn't seem very logical for new investors acquiring, paying for, or accepting shares at .001
If .0001 is assigned in an amendment with the revised authorized, that will not be the case and any sale above .0001 would represent a profit.
However, showing a change in ownership in filings is a start. Simply saying it is one thing. Seeing it documented is another.
Obviously, interested parties see an opportunity here. Exactly what that is has yet to be determined. Regardless, they are looking to capitalize on it. How exactly they do that is questionable (dilution, on the back of existing shareholders, operating as a shell, reverse merger, building shareholder equity, acquisitions for shares, and so on).
The public markets and investors are not convinced. The ticker remains at 25 year lows with no movement to the upside. Only some interest and some buying would show otherwise. A jump in stock price to reflect optimism from the street it has indeed turned the corner and there is at least a chance of success is required.
Until then, and as of now, it is still a dead ticker with little to no liquidity and a shady past.
Still horrible
Just not so much (by very little but it counts)
Q2 will be very telling...
Says: Rapidly increase shareholder value
Does: Authorizes 84B more shares
🤣
A total disaster on Day 1.
"RAPIDLY INCREASE SHAREHOLDER VALUE"
2 weeks later...
Authorize a 10X on authorized shares to wipe out all current holders.
Hysterical.
95,000,000,000
So this ticker isn't going any where for a very long time. Shares will be issued to and for:
1. Management
2. Employees
3. Services
4. Cash
5. Acquisitions
6. Debt extinguishment
All RSHN shareholders currently will see their ownership % drop off a cliff as they issue these shares to whomever they feel fit.
Not until they are all divided up and everyone has their shares will this begin to move so they can be dumped on the market.
They sure did find a great guy to hand this over too! First day of business....line up 10s of billions in dilution to wipe out shareholders completely!
Horrible.
First filing increases shares authorized to 95 billion.
On day 1 a massive slap in the face to every RSHN shareholder.
Reducing their ownership potentially by 90% with MASSIVE DILUTION.
If you thought 9B was a horrible share structure, they plan to issue themselves 10s of billions and sell 10s of billions more.
Are you sure 95B will be enough? Why not 1 trillion?
Absolutely horrible.
There is no incentive from a monetary standpoint for a "Rapid increase in shareholder value" at this time for management.
The share structure is essentially maxed out. So shares in quantity are not available for the acquiring party to benefit from a "Rapid increase in Shareholder Value."
It is presumed the preferred shares were transferred (voting, convertible), and possibly a portion of common.
But to drive the common share price at this time when "management" owns very little, if any...there is no incentive.
This will stay near 25 year lows for some time while they accumulate at or near the levels old management left it.
.0001
Horrible
There has been no filings on the state level or SEC level supporting the change in ownership claim.
There has also been no PR statements or acknowledgement from another party.
Oh geez...
It's like the ex girlfriend you can never get rid of...
RAPID INCREASE IN SHAREHOLDER VALUE
That is going to be a great one to refer to.
Started out with a joke. I like that.
Horrible.
RAPID.
Remember that...as the days...weeks...months go by. RAPID shareholder value increase.
To date since post:
-25%
"Rapid increase in shareholder value"
.0003
"Rapidly build shareholder value"...
That's a good one...lol
Horrible
Remember the "Off the Cliff" or "Off the Bluff" calls. Those were the best.
Wonder how HDx Labs is doing with the Refine product line, the at home lab kits, and all intellectual property taken out the back door when HeliosDx closed its doors.
Horrible.
Imminent Finra approval. Ticker was at .003 drifting lower... Hit .0001 the lowest price possible. 97% loss. .0003 today. 90% loss.
Horrible.
Question!
Why would there be a "rapid shareholder value increase" as claimed when there is no incentive to do so from new owners?
The old owners already said they would be invested in RSHN after leadership changed. So they held their shares most likely.
So how will the new owners get shares? The share structure is maxed out. The only thing transferable would of been the preferred shares and voting rights.
There is very little common left to issue or available. Most likely, no common were transferred. So why on earth would there be any incentive to increase the share price?
This ticker will stay suppressed for a very long time so the new parties can accumulate at the very lowest price possible. Otherwise, they have no skin in the game.
They aren't going to "slap the ask" lol
Horrible.
Just like the imminent Finra approval.
Never happened.
Company went from being worth 35M to 700k.
Horrible.
Pretty sure you were the most bullish and making claims online of finra approval imminent 95% ago.
Worked out good for whoever listened.
Horrible.
People have learned not to buy this.
Pink current soon!
Pink current!
No RS!
New Management/Owners!
Everyone remembers 2021.
It's why the stock continues to go no where and gets volume.
Appears the new controlling interest of RSHN is not an owner of a shrimping business some suggest. Simply a financial consultant of that business.
Guessing a holding company Patmos could merge with RSHN...not a real business really. Just an entity overseeing subsidiaries so subsidary revenue is not linked to the parent.
Like RSHN grandeza and heliosDx.
That turned out great the last 3 years.
Isn't that what GRPS does? A Goulding tied company. Shrimp farms..
That stock has gone no where for years...
Scam continues....
Horrible
How can goodwill on the 9.30 quarterly be 5.5M that reflects the amount paid for HeliosDx?
When they were closing and moving employees to other labs in July per their own PR?
I doubt it achieves approval upon review of pink current.
Goodwill was near zero on 9.30 of HeliosDx, not 5.5M.
https://bkdata.com/business-bankruptcies/orlando-florida/08-25-2023/ashley-sweat-02035
More like keys to bankruptcy...
Everyday is one day closer....
To .0000
Keys to the kingdom
Don't forget though...
They are one day closer again today....
#keystothekingdom
lol
Been everyday is a day closer for 3 years.
I am pretty sure this is about the 15th agreement signed on the RSHN side the last 3 years...
There was never 1 executed on the other end and finalized with any meaning. There were 2 collaborations with other broke pink sheet companies. Remember? But you never heard about them ever again and they never amounted to anything.
It is horrible that this is still told to people over and over the last 3 years. At least the public recognizes it now and most don't buy into it or believe it.
The stock continues at 20 year lows where it belongs.
I wonder when the "rushnet revival" twitter account will be deleted like HeliosDx?
Horrible.
This company has been sending out tweets for 3 years saying things are about to happen and all this work is getting done...
NOTHING EVER HAPPENS!
Except failure, losses, debt, layoffs, bankruptcy...
Horrible
They made hundreds of posts the last 3 years, maybe thousands....of promises of progress.
All deleted...
Total Disaster.
Epic failure after failure.
Horrible.
Sure there is...
Just like the debt buy out last summer
The 1B in retirement of shares
The Refine product line
The Amazon store
The website of products
The acquisitions
The spin off
The HeliosDx shares
The Finra Approval
Oh wait...none of it happened over 3 years.
But this time will be different.
.0003
Why?
Horrible
https://www.theglobeandmail.com/investing/markets/stocks/RSHN/pressreleases/19981364/heliosdx-succumbs-to-unprecedented-challenges-in-the-healthcare-market/
Notice the date of PR. September 5th. In the PR itself it states all clinics employees and patients were referred to other laboratories July 13th.
Between July 13th and September 5th, investors were under the impression they were waiting for an investor to buy the company debt. Since that was announced in a tweet by the company that has since been deleted.
https://bkdata.com/business-bankruptcies/orlando-florida/08-25-2023/ashley-sweat-02035
Pretty sure they were pink current in 2021....only to stop reporting in early 2023 as lawsuits started pouring in mid summer for non payment of loans...
Then they took over 7 months to report financials with only 1.5M in revenue/activity.
Not to mention the immenent bankruptcy while the company was tweeting an investor was buying all the debt.
Then the "new era" and pixels sale that lasted 30 days...then the "investor buying RSHN" with grand plans.
Now...hints of a new plan?
Horrible.
Looks like 95% wash sales
Volume seems very artificial.
Just look at the trades.
Horrible.
New Tweets, New faces, New volume...
Still zero value created
.0002 bid
.0003 ask
20 year lows
Horrible
Bid back at 2. Should be 1 again soon.
Not to mention...posting tweets to move the stock. Then the tweet is deleted and vanishes like a fart in the wind.
Or the silence for months...only to reveal a "New Era" for the company. Only to bail on that "New Era" within a month and tweet an "even a better plan"
The list goes on forever. Wellmed and the millions lost/never recovered and the "taking the fight to them" that never happened or got any of it collected.
The product website. The at home labs. The Amazon store. The refine product line. The buyer of RSHN debt last Summer. The retirement and return of up to 1B in RSHN shares, the promise of no dilution, the countless acquisitions that never happened. The 2 years spent on Finra that was never finished, the erosion of profits into massive losses, the revenue that tanked to 0 within 2 years.
Seems like they would mess up a cup of coffee at this point.
Horrible.