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No whining sir. I am quite aware of the last three years. I am very aware of the rise and fall that was experienced. The company grew from 2M to over 6M in 2 years, and then lost 3.5 to 4M overnight. I lose sleep over it often. What could I have done different? How? Why? I ask the "what if's" to myself daily. When you bill insurance and have ZERO control of the billing regulations, you know this is always a possibility. But it is not an excuse
Here's why I will be successful and bounce right back - I don't hide from my failures. I don't run from people like you, Huggy, Peter. I look at my mistake and analyze them. I certainly am not scared to take a risk. I failed, the company failed, and I am standing right here right now not hiding or dodging. Does it fix anything? Nope! Does it bring back money we ALL lost? Nope
If you can be a man when things are going well, you sure hell better be a man when in the fire. So say what you will, take your best shots.. I will keep working, learning and swinging. Most importantly, I will keep standing...
Do you need a hug? The only CON going on here are you IHUB keyboard warriors talking crap with no recourse. But I digress...
An increase in the AS does not necessarily equate to an increase to the OS, at this time. IF these shares are sold to an outside or even inside investor, they will HAVE to be restricted for a period of time. Actually removing the restriction legend and depositing shares is a whole other topic, and IS NOT easy. While the sell of the shares would signal dilution, it would not mean an immediate impact to the actual "tradeable float". For the foreseeable future, Rushnet's "tradeable" float will have limited impact. Rushnet will get another run before any RS or corporate action is possible, how high - who knows. An audit has to take place, forms have to be filed with the SEC, and the list can continue. The bottom line, all this will take time and in the meantime there will be money to be made. Question is, do you want to make some money?
I would encourage you to let things transpire and give Mr. Cunha an opportunity. I am here as an investor and have faith when things begin to unravel things wont look so bleak.
Dumb
Now that I am no longer with the company I can speak out.
What you wrote is just DUMB…
Look, anything posted was either by them or their words given for me to post. Period!
Honestly, it doesn’t matter. I’m not going down a rabbit hole with you.
I can’t comment on their plans, but I can comment on Mr. Cunha. This transition takes time. I am confident when the time is right we will get a nice little update from our CEO.
Thank you, stay tuned.
Well, I have not posted since transition. The account(s) were turned over. The only thing posted by me (previously) is what was asked to be posted. Period.
Fair enough, you’ll notice HDx Labs account has been quiet. You are 100% correct, let’s let this new leadership do their thing. All we ALL can do now is support or get off the wagon. Appreciate the comment.
You are actually wrong. Yes, the last attempt with Finra ended poorly. However, the reason is we ran out of money and could no longer continue the path. All the company has to do is complete an Audit and file to become a current reporting company with the SEC. Or do a reorganization in Delaware. Unfortunately, we just ran out of capital to do another audit and move this direction. If we would have been given the proper information early on we would have went this direction.
Secondly, I, (Ashley, AS, Sweaty Balls, Ash Hole, insert your pet name) is unequivocally no longer with Rushnet. I have shares like many of you. I don’t control twitter, stocktwits or any other social media for them.
The new leadership has a real opportunity to finish what was started. Mr. Cunha is a sharp brilliant guy. He is surrounded by talented people, and I believe will be successful. He already starts in a better place than we were three years ago. He at least knows the challenges.
I said on many occasions, I have a lot invested here and my focus switched from my own personal wants to finding the right person and/or company to take Rushnet to the next level. I did just that.
There are so many who know A LOT on these boards, but unfortunately don’t know the finer details with Rushnet, thus they actually know very little.
Thanks,
Ashley Sweat
You are actually wrong. Yes, the last attempt with Finra ended poorly. However, the reason is we ran out of money and could no longer continue the path. All the company has to do is complete an Audit and file to become a current reporting company with the SEC. Or do a reorganization in Delaware. Unfortunately, we just ran out of capital to do another audit and move this direction. If we would have been given the proper information early on we would have went this direction.
Secondly, I, (Ashley, AS, Sweaty Balls, Ash Hole, insert your pet name) is unequivocally no longer with Rushnet. I have shares like many of you. I don’t control twitter, stocktwits or any other social media for them.
The new leadership has a real opportunity to finish what was started. Mr. Cunha is a sharp brilliant guy. He is surrounded by talented people, and I believe will be successful. He already starts in a better place than we were three years ago. He at least knows the challenges.
I said on many occasions, I have a lot invested here and my focus switched from my own personal wants to finding the right person and/or company to take Rushnet to the next level. I did just that.
There are so many who know A LOT on these boards, but unfortunately don’t know the finer details with Rushnet, thus they actually know very little.
Thanks,
Ashley Sweat
On topic, the company laughs!
Maybe Rushnet is the frog?
Or maybe the frog believes in something bigger, and the short term pales in comparison to the long term rewards.
Thoughts?
The history of Rushnet prior to the last two years speaks for itself. This company is in its strongest position in two decades. The company was audited in 2020 and 2021. The company has a very strong business model with an actionable growth plan. Admittedly, this has been delayed to us working through Rushnet's past with Finra and the SEC. Additionally, we can also admit our business has suffered due to the prolong "cleaning" process of Rushnet. We have taken on debt to pay for this process. This has strained the business, and put us in a position where we had trouble absorbing a revenue shift. We've had to pivot, and are coming out of the other side. None of that changes the business model and our actionable growth plans for the future. Our foundation has been built.
As far as someone's investment, the company does not get involved specifically. However, from a broad perspective investing your entire retirement, house payment, car payment, or any "needed" funds in any singular public company may not be the most prudent decision.
Often times it is brought up that a mass amount of people bought at the high of 2021. Since then, have lost their house, cars, savings etc.. I would like to point out you can see exactly how many shares were bought at that price level. You may find it difficult to validate that position. What about the people who gained from the rise? Afterall, it did run from .0007 to over .02.
As another point of observation, when was the last time Rushnet was Pink Current prior to 2021? When was the last Rushnet had millions in revenues since 2021? When was the last time Rushnet was audited since 2021? What about, when was the last time Rushnet hadn't owed back takes to Nevada since 2021? When was Rushnet properly converted out of Nevada since 2021? When was the last time Rushnet actually had a real verifiable business prior to 2021
Thoughts?
BMD (our counsel) spoke with the SEC processor today to gain direction on the 2001 - 2003 situation. Per the SEC, we will need to submit an amended filing early next week, addressing the comments and with the SEC direction the one main hurdle.
Anyone is welcome to join and comment on the board. As the board states, untruths and unfounded information/finger pointing will not be accepted. I think that is fair. It may be difficult for some, but if you stick to the 'FACTS' about any stock, instead of " I think", "I believe", "If this", "If that", etc you should be just fine.
For example insinuating that the Company leadership was on the take during the rise and fall of the stock price would be deleted.
There wasn’t a denied RS.
This board will be utilized to have constructive conversation from a CEO's perspective. The board is open for all stocks.
No personal attacks, untruths, or unsubstantiated claims will be tolerated.
Jeff they have certainly dug deep, and frankly probably rightfully so. Their job is to make sure a company is not misleading or trying to fraud the public. We have a very strong position, and believe we will receive the desired answer. The alternative only hurts the company, shareholders, and future of the entire entity. That is not what they are after. Rushnet is not it's past, however we must make sense of it. We have a legitimate business with millions in revenues. We are audited for years 2020 and 2021, and these will shine through. The purpose on "cleaning up the OTC" was not to eliminate companies such as the New Rushnet/heliosDX. The purpose was to clean out the historical shell companies that have a history of Dilution, RS, Dilution, RS, etc.. Essentially a history of taking advantage of shareholders with no real intent to do much of anything. This is not and has never been our intent, and that will shine through. We have a proven business, with years of revenues in the millions. As mentioned, the current IS NOT it's past, and that matters.
It was already answered.
I did not see this question on todays Off the Cuff. I believe I already answered, those shares do not exist. This was all in the audit. If they were on the “books” it would be accounted for. Nobody is dodging you.
Gosh, why didn't we think of this clever name alternative
I love the idea, but you should consider looking through the audit. I can’t say what happened prior to March 2021 for sure, but I can tell you those shares are non existence and those agreements never came to fruition based on audit findings.
For at least a year. As far as the terms, I do not have the exact terms with me as I’m traveling to the laboratory.
Well, we did sell a block of 400M RESTRICTED shares. That is accurate. However, they are restricted and not part of the trading float.
In terms of the 1A, that has not begun as it is not approved by the SEC. This is why we wanted to wait to increase the AS by 5B. Finra wanted it done so we did, but if the SEC doesn’t approve the increase in the AS is for nothing. The active “tradable” float has not increased.
Yes, we brought them on. They have sent 300 so far this month. I’m not going to PR the name of the clinic so everyindependent lab in America can target our business. C’mon!
Yes, we talked a lot about no dilution. That is accurate, but not an absolute until the end of time. You seem to own something - I would assume you understand business circumstances change. But maybe not, maybe your business is a straight trajectory north. One would also assume someone with your business acumen understands what a 1A is about and would read the document. One would also assume, with your amount of trading knowledge you would have a strong grip on how the SEC and Finra work. I mean, one would assume.
Let me ask a very simple question - do you think Amazon, Apple, Microsoft, Verizon, T-Mobile, AT&T, Home Depot, Carnival Cruise, and the list can go on and on have EVER had to raise capital - maybe sell shares?
After you listen to the Off the Cuff’s, read all the press releases, and other information coming from the company - come back and ask those questions. If you do that, you won’t have questions. I know it’s a lot because we put out a lot of information, and things have had to change due to process, but its all there.
Lastly, a 1A, is an offering of shares at an “X” price. By definition that is dilution. It’s been filed and talked about for months.
Argh
If I or any of my team were crooks, I can promise the SEC and/or Finra would have flipped that stone by now.
The fact is this has been a slow arduous expensive process.
But one we feel is about to come to a close. You have zero idea what I personally have had to do to get this far. I have pretty much gone as far as giving up my first born (figure of speech). I’ve gone through numerous security checks, fingerprints, etc..
Oh well, we all have opinions.
That statement tells me you don’t understand the SEC.
Complete and utter rubbish. Do you believe I would risk the company, Finra completion, SEC compliance, a million plus dollars, my integrity, etc to do insider trading?
This was discussed at length and is memorialized in an Off The Cuff exactly why we had to pull back from this. Again, 1A has been filed for months. There is no surprise here, rug pull, etc..
THIS is utter nonsense.
We trust and believe Finra is doing what is necessary for us to make RushNet as legitimate as any stock out there.
The part regarding Finra and needing audited results is not accurate. In addition, we will not have to resubmit our application if the calendar year rolls to 2023. Again, this isn't accurate. Now, dealing with the SEC is a different story.
We have had someone from our team reach out to Finra everyday this week following up on status. It is being reviewed thoroughly to make sure everything has been captured and corrected.
Today, we announced a few things. First, the company actually has executable growth plans. Over the last quarter, the company has shaved expenses by $100k monthly. Lastly, the leadership recognizes the need to better align the budget in the short term to meet the long term goals. Hence the salary concessions. While I am a bit bias, I view these announcements as a sign of strength, and the company’s willingness and ability to adapt and pivot in todays economy. Many are making claims the company is in default $2 - $3M in debt. This is categorically incorrect.
If we do nothing, then we fail. If put an executable plan of action in place, we will succeed. We believe we have that in place. The “Patch” business is a very viable business, and a company can carve out a piece of the pie. Understand the product, identity a niche, and market to it.
That is correct, 30 calendar days. We are eagerly awaiting their response.
Thank you for sharing!
heliosDX