Pic is of me last Halloween.
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Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
OTC Disclosure & News Service
RushNet, Inc. Slashes Authorized Shares and Outstanding Shares Calculated on a Fully Diluted Basis by 79%Press Release | 10/25/2018
Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
Tony Anish continued: “Although our Balance Sheet still shows the liabilities of the outstanding convertible notes, the Company will be repaying this debt from future revenues generated by the Company so that no new stock will be issued for debt conversion. Our growth plans are in place and we expect to continue locating excellent opportunities to add to our portfolio of Companies. We anticipate closing a new addition very shortly. As always, our primary objective continues to be, positive growth of the business with improved shareholder value.”
Thanks, I'm down, but not out. Go CBDD!
I already had you M. M.
Hope you're right Ghost, bought in last Fri. @ .0015
Nice follow up PR this morning. Go Tony!
Well said my fellow Texan, you get a member mark. Go MLHC!
Sent mine at 9AM CST, it should show up in about 2 hrs.
Take it on down, I have funds clearing in a few hrs.
Come on, slap that ask!
WOW! Been over an hr with no trade, or is my streamer frozen?
I'll take some more at .0015, come on drop a little more.
RushNet, Inc. Slashes Authorized Shares and Outstanding Shares Calculated on a Fully Diluted Basis by 79%Press Release | 10/25/2018
Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
On further business accomplishments, RushNet is excited to soon report the details of its acquisition shared in partnership with XYZ Hemp Inc. (OTC Pink: GRPS), in addition to RushNet’s partial ownership of the 15-acre grow and extraction operation recently reported by Western Sierra Resource Corporation.
RushNet will also continue to report on its progress in the Joint Ventures developing the Nano CBD Delivery System with Dr. Stuart Miller and others.
RushNet will soon report on its progress in acquiring a trucking logistics company in furtherance of its business pursuits.
RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD.
Who is trading pre-market?
Seahawks blasted after Twitter photo shows Tyler Lockett giving ball to Floyd Mayweather
https://www.foxnews.com/sports/seattle-seahawks-blasted-after-twitter-photo-shows-tyler-lockett-giving-ball-to-floyd-mayweather
Rumors, Murmurs & Buzz
? @StockTweetsHQ
As Revenues Pour In From Florida Subsidiary Best Choice, M Line Holdings $MLHC Moving To Eliminate Toxic Debt And Institute Shareholder Friendly Conventional Credit Lines
https://rumormurmursbuzz.blogspot.com/2018/11/as-revenues-pour-in-from-florida.html …
But he didn't say what year. Come on Steve!
2nd private label deal done Meeting with client in New York on Nov 8. I will release the name then. I will release the name of the first private label deal as soon as all advertising is ready. Facebook campaign starts Nov 19
RushNet, Inc. Slashes Authorized Shares and Outstanding Shares Calculated on a Fully Diluted Basis by 79%Press Release | 10/25/2018
Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
That just proves you can't go by that.
Every trade is both a buy & a sell, I have bought at the bid a lot of times.
I'm with you Dawg, come on Steve, burn their a$$'s!
How is this good for RSHN? I didn't think we had anything to do with POTN anylonger. To many companies intertwind here.
Well, we got be in there somewhere! Go RSHN!
Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
On further business accomplishments, RushNet is excited to soon report the details of its acquisition shared in partnership with XYZ Hemp Inc. (OTC Pink: GRPS), in addition to RushNet’s partial ownership of the 15-acre grow and extraction operation recently reported by Western Sierra Resource Corporation.
RushNet will also continue to report on its progress in the Joint Ventures developing the Nano CBD Delivery System with Dr. Stuart Miller and others.
RushNet will soon report on its progress in acquiring a trucking logistics company in furtherance of its business pursuits.
RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD.
Where does RSHN fit into this picture now?
PotNetwork Holdings, Inc. Announces Diamond CBD To Pursue FDA Product Registrations
Date : 10/30/2018 @ 8:00AM
Source : InvestorsHub NewsWire
Stock : Potnetwork Holdings, Inc. (PC) (POTN)
Quote : 0.1919 0.0 (0.00%) @ 7:56AM
Diamond CBD Developing Products To Be IP-Protected for Unique Niche Markets Applications
Ft Lauderdale, FL -- October 30, 2018 -- InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC Pink: POTN)(the “Company”) announced today that, as the U.S. CBD market grows and expands, the Company is aggressively developing new products and moving forward on its strategy of exploring and initiating FDA registrations, patents and trademarks specific to certain of its new proprietary, Diamond CBD products.
The Company had previously announced that it had engaged major law firms in Fort Lauderdale, Florida and Washington, D.C. to handle intellectual property (“IP”) matters, and for regulatory guidance on FDA submissions and related matters pertaining to the evaluation of the feasibility of FDA approval and registrations for certain Diamond CBD formulations.
Kevin Hagen, CEO, stated, “We believe that the future success of our Company is linked to carving out proprietary niche markets specific to unique, product formulations. Today, we are pushing forward with this strategy specific to human health and wellbeing issues under the guidance of our Scientific Advisory Board, who will oversee preliminary patient clinical trials in accordance with FDA guidelines and procedures. Our goal is to establish a unique company positioning in key markets with this initiative.” He added, “We are fortunate to be working with both talented doctors, scientists and legal advisors, who can help us achieve this goal. We believe that this strategy will further benefit the building of overall shareholder value.”
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils.
RushNet, Inc. Slashes Authorized Shares and Outstanding Shares Calculated on a Fully Diluted Basis by 79%Press Release | 10/25/2018
Palm Coast, FL, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE-- RushNet, Inc. (OTC Pink: RSHN) announces a 25% reduction in the number of authorized common shares, from 12,000,000,000 to 9,000,000,000 and, more significantly, the elimination of the conversion rights of preferred stock.
Dr. Richard E Goulding, RushNet’s Chairman of the Board and Chief Medical Officer, stated, “With my resignation as the CEO of PotNetwork Holdings, Inc., I move forward with my commitment to the success of both RushNet and XYZ Hemp (formerly Gold River Production Services, Inc. (GRPS)); we have determined that it is not necessary to issue any more shares, at least for the time being, and that the holders of the preferred stock do not need to convert into common shares.”
Richard Goulding currently owns nearly all 50,000,000 shares of the preferred stock. While they have 300 votes per share, they are no longer convertible. Accordingly, this eliminates the 15,000,000,000 share conversion right.
The combination of these two actions reduced by 79% the number of outstanding shares, on a fully diluted basis.
On further business accomplishments, RushNet is excited to soon report the details of its acquisition shared in partnership with XYZ Hemp Inc. (OTC Pink: GRPS), in addition to RushNet’s partial ownership of the 15-acre grow and extraction operation recently reported by Western Sierra Resource Corporation.
RushNet will also continue to report on its progress in the Joint Ventures developing the Nano CBD Delivery System with Dr. Stuart Miller and others.
RushNet will soon report on its progress in acquiring a trucking logistics company in furtherance of its business pursuits.
RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD.
I'm ready, passed ready. Let's roll! Go RSHN! I want my lake house.
Yeah, I seen that, it's time to head north, bigly!
OK, Well, that should have cleared things up; now, let's roll!
What's the news about?
What about this?
OTC Disclosure & News Service
RushNet, Inc. Joint Ventures in Nano CBD Delivery SystemPress Release | 10/18/2018
Palm Coast, FL, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RushNet, Inc. (OTC Pink: RSHN) announces a joint venture with Dr. Stuart Miller for a new and exciting product and process - A revolutionary delivery system for CBD that will provide rapid absorption, better bio-availability and greater tolerance - the Nano CBD Delivery System.
Dr. Richard E Goulding, RushNet’s chairman of the board, stated, “Our company has cultivated this rare opportunity to combine nanotechnology with Dr. Miller’s ingenious dispersion system that has been contoured to meet our specific demands. 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. Our planned products will be vastly improved by this technology. The results will be more effective products, more therapeutic, better tolerated and much greater potency per unit of CBD oil. Many of our planned products in different stages of production will greatly benefit from this joint venture. But almost of equal importance is the fact that our cost to produce CBD products will be substantially reduced given these efficiencies. And of further importance is the fact that the Nano CBD Delivery System will result in a much quicker desired effect on the patient or customer.”
On further business accomplishments, RushNet is excited to soon report the details of its acquisition shared in partnership with XYZ Hemp Inc. (OTC Pink: GRPS). This is in addition to RushNet’s partial ownership of the 15-acre grow and extraction operation recently reported by Western Sierra Resource Corporation (OTC Pink: WSRA):
https://finance.yahoo.com/news/western-sierra-announces-forecast-15-140000667.html
RushNet will soon report on its significant reduction of authorized shares and outstanding share reduction calculated on a fully diluted basis.
RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD.
I hear you, I had a 71 Cuda years ago; sure would love to have it back. Go RSHN!
What PR? Post it,I can't find it.
We're in good hands here at RSHN.
PotNetwork Holdings, Inc. Reports $18.1 Million in Sales Surpassing Entire Revenue Generated in 2017
Fort Lauderdale, FL -- October 23, 2018 -- InvestorsHub NewsWire -- PotNetwork Holdings, Inc. (OTC Pink: POTN) today announced sales of $18.1 Million for the first 9 months of the year, realizing an $8.6 Million increase in year over year sales. This follows the Company’s recent announcement of its record third quarter revenues of $6.1 Million.
Driven by the growth of its wholly-owned subsidiary, Diamond CBD, Inc., PotNetwork Holdings, Inc. has taken root as an industry leader in the growing market for premium hemp extracts. PotNetwork Holdings is expanding its research and development, multinational marketing and international distribution of a broad range of hemp-derived cannabinoids and other natural hemp derivatives.
PotNetwork Holdings also reported that sales of Diamond CBD Products are coming 60% from its wholesale distribution network and 40% from online sales including from www.diamondcbd.com.
“I am extremely pleased with our year-over-year growth,” said Kevin Hagen, president of Diamond CBD. “We provide customers with a high-quality product with lab reports attached to each product displayed online. It is part of our commitment to transparency in providing the highest quality CBD to our customers.”
PotNetwork Holdings expects to file its quarterly report for the 9 months ended September 30, 2018 on or before November 14, 2018. The quarterly report will contain a further breakdown of the Company’s revenue and earnings.
This is very true. I have known this for a very long time. Drink a little Bragg apple cider vinegar every day.
Hey CJ, this ones gonna take a while, but that's ok, we have time to wait; while we watch our other ones move on up.
Damn! glad I got out around .004 back in Jan. GLTY
What is the news just out? I cant read it from the TDA Thinkorswim
The total number of shares on a fully diluted basis means the absolute worst case number of shares if every single stock option grant is exercised including the unallocated pool, every single warrant to purchase stock is exercised, and summed up across every class of common and preferred stock. So if you are calculating your ownership of the company, your % of the fully diluted shares would give you the lowest possible ownership calculation. In reality, not every option and warrant will be utilized so you actually own a higher percentage.
Fully Diluted Shares
What are 'Fully Diluted Shares'
Fully diluted shares is the total number of shares that would be outstanding if all possible sources of conversion, such as convertible bonds and employee stock options, are exercised. This number of shares is important for a company’s earnings per share (EPS) calculation, because using fully diluted shares increases the number of shares used in the EPS calculation and reduces the dollars earned per share of common stock.
Well, it's been raining so hard here in Tx. that the animals are pairing up & looking for the Ark. LOL Go RSHN!