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That's what I am trying to point out here. Do we have any official info yet tying the two together besides assumptions being made? That company won't even acknowledge any relationship. And I have not found or seen any documents tying the two together.
Unless I missed out on them...
I remember the so called relationship. But where is there any official public information that the company bought this shell?
Nouveau Life Pharmaceuticals (USOTC: NOUV) ($0.0002) - NOUV has recently acquired a cannabis cultivation operation from cannabis industry juggernaut Puration, Inc. (USOTC: PURA). The company is issuing a stock dividend to the shareholders of PURA. The dividend, set to be declared on the 15th of November, and the overall business relationship with PURA stands to potentially drive NOUV into the double digits between now and the 15th of November.
https://ih.advfn.com/p.php?pid=nmona&article=78550030&_ga=2.21586043.1367083918.1540754597-1013849400.1527028590
What's with that link, LTM? Doesn't say anything about $OWVI
The "holdco" is RushNet Inc.
The new "merger sub" is Rush Merger Sub Inc.
RushNet Transitions Inc. is the "Company" ceasing to exist subsidiary after merger is done.
Per this document:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151001762&fileId=20181810451
It's called a reverse triangular merger or merger sub
A commonly used merger structure is the “reverse triangular merger.” In a reverse triangular merger, the acquiring company will form a wholly-owned subsidiary company (a “merger sub”). When the merger transaction closes, the merger sub will be merged with and into the target company, with the target company surviving as a wholly-owned subsidiary of the acquiring company.
The stockholders of the target company will receive the consideration offered by the acquiring company (generally cash, stock of the acquiring company, or some combination of each) as payment for “selling” their equity in the target company.
Benefits of a Reverse Triangular Merger
A reverse triangular merger is attractive when the seller’s continued existence is needed for reasons other than tax benefits, such as rights relating to franchising, leasing or contracts, or specific licenses that may be held and owned solely by the seller.
Read more: Reverse Triangular Merger https://www.investopedia.com/terms/r/rtm.asp#ixzz5V6Fn62FJ
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Target can transfer all or a part of its assets to a subsidiary controlled by Target and Acquiring can transfer its Target stock to a subsidiary controlled by Acquiring.
https://pmstax.com/acqbasic/a2Erg.shtml
Nice. On or before Nov. 12th ! In addition to PURA's plan to file its 2018 Q3 report on or before November 12th, NOUV management plans to bring NOUV current with its reporting requirements in the same time frame.
2 1/2 weeks to accumulate before d-day!
Have a great day!!
Hey, gman. I'm cool... Was just responding in more detail to a post concerned with the patented status. I'm good with their progress thus far and have much faith in them. $RSHN We're all gonna be real happy! IMO
Patented nanotechnology. I don't think they would state that it is patented, if it is not. They clearly said it was not patented in the last PR and now they have posted on GRPS home page that it is patented and their trade secret. They also have a lawyer in the family so I'm sure they know what they can declare. I tried to search for it here, but I don't have enough search criteria. http://patft.uspto.gov/netahtml/PTO/search-bool.html
The last PR said:
Using not yet patented, Aqueous CBD Nanotization trade secrets developed by Western Sierra Resources’ scientific team, we are able to miniaturize, while enhancing cannabinoid concentration, while enhancing the effectiveness of our full spectrum CBD oil.
https://globenewswire.com/news-release/2018/10/18/1623511/0/en/RushNet-Inc-Joint-Ventures-in-Nano-CBD-Delivery-System.html
However, on xyzhemp.com updated website now says it is patented. So patent was approved? If this is true it is huge for them! $RSHN $GRPS
Guys, this is huge. Patented nanotechnology!
The last PR said:
Using not yet patented, Aqueous CBD Nanotization trade secrets developed by Western Sierra Resources’ scientific team, we are able to miniaturize, while enhancing cannabinoid concentration, while enhancing the effectiveness of our full spectrum CBD oil.
https://globenewswire.com/news-release/2018/10/18/1623511/0/en/RushNet-Inc-Joint-Ventures-in-Nano-CBD-Delivery-System.html
However, on xyzhemp.com updated website now says it is patented. So patent was approved? If this is true it is huge for them! $RSHN $GRPS
Guys, this is huge. Patented nanotechnology!
The last RSHN PR said:
Using not yet patented, Aqueous CBD Nanotization trade secrets developed by Western Sierra Resources’ scientific team, we are able to miniaturize, while enhancing cannabinoid concentration, while enhancing the effectiveness of our full spectrum CBD oil.
https://globenewswire.com/news-release/2018/10/18/1623511/0/en/RushNet-Inc-Joint-Ventures-in-Nano-CBD-Delivery-System.html
However, on xyzhemp.com updated website now says it is patented. So patent was approved? If this is true it is huge for them! $GRPS $RSHN
Ha! Yes, those are his nips!
That page is still up. Two different companies. But both belong to RSHN
http://rushnets.com/
Product out before end of December! That's right around the corner. $GRPS
We plan to bring 'The Defender' into production well before the end of December and I look forward to providing updates as we make progress.”
http://www.globenewswire.com/news-release/2018/10/24/1626515/0/en/XYZ-Hemp-Inc-GRPS-in-Talks-With-Two-Major-Neutraceutical-Manufacturers-and-Distributors-With-Nationwide-Sales-Channels.html
Palm Coast, FL, Oct. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- XYZ Hemp Inc. (OTC Pink: GRPS), having changed its name from Gold River Production Services, Inc., announces that the company is in talks with two major neutraceutical manufacturers and distributors. In late stage of development is a super compound named 'The Defender'. It utilizes organic CBD and pharmaceutical grade fish oil and a unique blend of organic medical herbs to create an anti-inflammatory compound. Utilizing our trade secret nanotechnology, we are able to pack a very small capsule with more anti-inflammatory properties than has previously been offered by anyone to the market place.
Dr. Miller, CEO of GRPS stated, “'The Defender' will have the great benefit of our unique ability to dissolve CBD in an aqueous solution and further miniaturize the molecular size with our trade secret nanotization techniques. As CEO the proverbial 'Bottom-Line' is very important to me in making the right decisions for the company. Less CBD is needed for this mode of administration and therefore will reduce cost per unit for the same desired results. We plan to bring 'The Defender' into production well before the end of December and I look forward to providing updates as we make progress.”
On further business accomplishments, XYZ Hemp Inc. is excited to soon report the details of its acquisition shared in partnership with RushNet (OTC Pink: RSHN). This is in addition to XYZ Hemp Inc.’s partial ownership of the 15-acre grow and extraction operation recently reported by Western Sierra Resource Corporation (OTC Pink: WSRA):
XYZ Hemp Inc.- A Company With a Focus on Serious Medical Issues – Innovators of Powerful CBD Related Products.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, economic, competitive, and equity market conditions.
yes, JJ. Little by little they keep progressing. They have lots going on behind the scenes. Looking forward to everything coming to fruition!
$RSHN
They will, beadqueen. They have many things happening behind the scenes that we are not prive to, but soon enough!!! $RSHN
New GRPS site is up
https://xyzhemp.com/
Who?! I want in. lol
Yeah, there were a few 100 buys earlier. Meaning they need shares. That's prob what brought the PPS down and there must be something coming along if they wanted to accumulate. Hopefully its not to keep flipping though. This is in desperate need of a run.
Someone knows something. They want to stop the bleeding, too. News must be coming soon.
Believe me, I know. I've been very wary of this stock. But I never lost faith. I think at some point it will turn around just not sure when. Would be great if it's now.
Maybe a PR is coming soon? This has been the longest they've gone in a while without a PR. Someone knows something and was adding at low $$. Hopefully that was the bottom.
GB Sciences mentioned in this vid too with John Boehner
https://pro.nicinvestors.com/p/CIRLNC39/ECIRUA03/?src=nicihot-teaser-23&h=true
SRNA mentioned in this video as well
https://pro.nicinvestors.com/p/CIRLNC39/ECIRUA03/?src=nicihot-teaser-23&h=true
Nice article mentions SRNA as stock to have
https://investorplace.com/2018/10/30-marijuana-stocks-buy-future-turns-green/
Guess who is on this list! $GBLX!
https://investorplace.com/2018/10/30-marijuana-stocks-buy-future-turns-green/
Load up at these prices.... GL!
Because he was an advisor, much like a consultant, when they finish their job they move on to the next.
And don't forget $RSHN!
Randolph Hudson
Former Advisor to the chairman at Rushnet, Inc.
Executive Officer, Acting Chief Financial Officer at Apple Rush Company, Inc.
Former Advisor to the Board at PotNetwork Holding Inc.
this link summarizes his profile
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139254927
I agree wholeheartedly, Vaka, because the faster it goes up, the faster it will crumble.
Read the 8K.
Life Clips Inc. (the “Company”) has entered into a letter of intent to acquire certain assets of Vidbox Mexico Inc., a Nevada corporation including up to 4,000 VidBox Kiosks.
Nov 20th it will be finalized.
Just had a chance to see the vid for the first time, Capt. What an amazing presentation. And they addressed the one concern that was mentioned with one response right at the end.
My laptop does not have a DVD player, but I still have one in my entertainment center.$LCLP
Wow, what a twist! Guess I'll sell all my shares tomorrow due to your amazing current DD. Thanks for looking out.
$RSHN
CBD infused coffee? Might have to try that! Alert, yet chill... Sounds perfect to me. Nice, OTCRider
They really are creating their own industry! $RSHN
The gift that keeps giving!
Well the last one was Aug 14th so the next one should be Nov 14th, about 3 weeks from now.
Do you know when it is? What date do they usually release it?
Maybe they'll be the front runners making the first vending machines for CBD edibles, drinks, oils, .etc. Everything that's legal thus far. Whatever it is if we have Netflix co-founder associated with LCLP then we're in good hands. How much is that PPS?!
I think they're working on it. It was up and down last night. I'm sure they don't have an elaborate IT department yet where they have both a testing and production environment. So they probably put it up to see the progress then take it down while they're working on it.
I think they can get away with saying that could be any other boxer, but to us it looks like MP because we were associating the pic with FM and looking for similar pics.