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New Earth Development Corp. changed its registered agent last night to Roger Sagal just like the other RSHN entities did recently. Sagal is a lawyer in Colorado.
Link
GRPS' registered agent is "Registered Agents Inc." I tried looking up for any new companies that could be connected, but that firm registers hundreds of companies and the punctuation of the firms name is different a few times.
GRPS
Looking good here this morning. Time to drop the news GRPS!
Lets go
GRPS produced its first quarterly report with receivables ever last quarter (3rd). $96,721. This is from the LeGanja Fairy agreement. In addition to that, LeGanja Fairy had its best month ever in November, for which we should see additional revenues on the yearly report. Expenses are granted back to LeGanja, and RSHN should get its cut as well in the next report once the receivable is received by GRPS.
https://backend.otcmarkets.com/otcapi/company/financial-report/236736/content
Just getting started here.
Next week should be the week we get rolling. I have a strange feeling that things will kick off Monday. Have a nice weekend RSHN
I believe we will get a huge PR before the month is out, possibly early next week. Don't think it will be this week. Just a wild guess ;)
RSHN
Good morning RSHN This caught my eye this morning...
Looks like StopDrops, Inc. made an update to OTC profile which hints that they may be getting ready to make some filings.
https://www.otcmarkets.com/stock/RSHN/profile
XBRL Associates, Inc.
https://www.otcmarkets.com/learn/service-providers/5975?t=5
XBRL stands for eXtensible Business Reporting Language, which is the data format which SEC edgar uses for filing, among other things.
https://www.investopedia.com/terms/x/xbrl.asp
Erwin Vahlsing, Jr
https://www.linkedin.com/in/erwin-vahlsing-jr-b6a3a01
Specialties:
> SEC Compliance
> M&A Structure and Due Diligence
> Restructure and Turnarounds
Go RSHN/StopDrops, Inc.
Good morning GRPS. It's a chilly morning in NH. Would be nice to see GRPS continue its little warm up yesterday.
GRPS .002
+17.65%
OOPS
In its very first financial (and the 2 subsequent ones), the company acknowledged the franchise fees that were due to Nevada. While I cannot confirm when actual payment was made (as there is no specific entry that I can connect it to), the company never ducked anything. As far as I and all the other longs who invested being already aware of this "DD"...........It's -nolongeraconcern. ;)
Note 6 – Liability (first financial back in 2018)
The Company owes the State of Nevada a total of $42,750 for unpaid franchise tax fees for the periods 2009 – 2015.
https://backend.otcmarkets.com/otcapi/company/financial-report/198476/content
January 2, 2015 conversion to Colorado
In Nevada nothing was filed from 2009 to current.
The amount due is $7125 per year
The number of years is 6 = $42,750
https://backend.otcmarkets.com/otcapi/company/financial-report/206859/content
Original filing with the Colorado for the conversion. Looks like it was accepted by Colorado without any issues
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151001762&fileId=20151001762
There is a lobbyist....
Jack Burkman and Associates https://jmburkman-associates.com/
Jack Burkman and Associates is our Virginia based lobbying firm with over 25 years of experience and relationships. He claims to have a 90% success rate for securing funding!
Jack continues to identify large pockets of money in government and through private defense companies looking for niche products. His unique ability to identify and find money makes his contribution invaluable to the companies.
As seen on https://www.grpsinc.com/funding/
Payments from Dolkart to Burkman
https://www.opensecrets.org/federal-lobbying/clients/summary?cycle=2019&id=F317647
Registration for Goulding to Burkman
https://projects.propublica.org/represent/lobbying/r/301023451
RSHN
Obviously speculative, but it looks like whoever was issued the 10,000,000 shares on Jan 7 may have just sold them. Look at the 2 trades 13:25:46, and the 9 million one at 13:25:48, they add up to 9,999,999.
BTW, I emailed StopDrops yesterday and got a reply from Alan that the company is working on the application to finra to have the R/S processed and asked for patience, as they will update shareholders when it is filed. People should try reaching out if they have questions or concerns.
Just browsing some other things, I noticed the HempHub trademark is abandoned as of 1/6/2020.
Currently live trademark statuses
Knockout Punch statement of use is due by 2/13/2020 and
KO Punch statement of use is due by 5/31/2020 and
KO mark statement of use is due by 4/30/2020.
Dead
AWater
EWater
HempHub
GRPS/RSHN Subsidiary LeGanja Fairy posted its highest month ever with $78,000 in November.
https://www.topshelfdata.com/wa/spokane-valley/leganjafairy
https://leganjafairy.com/#
https://www.grpsinc.com/partners/
Go RSHN
GRPS Subsidiary LeGanja Fairy posted its highest month ever with $78,000 in November.
https://www.topshelfdata.com/wa/spokane-valley/leganjafairy
https://leganjafairy.com/#
https://www.grpsinc.com/partners/
Go GRPS!
Randall Goulding's SEC punishment is strictly related to his dealings with the Nutmeg Group (a private company he formerly ran), and nothing related to any specific stock.
Based on the SEC's findings, he was put on the Prohibited Service Providers List 12-17-19 by OTC Markets. This means he cannot provide direct legal services to OTC listed companies.
https://www.otcmarkets.com/learn/prohibited-service-providers
The State of Colorado, which is where the RS is filed, likely doesn't care or check to see if an attorney is under restrictions from another entity such as the SEC or the OTC.
Secondly, other than his financial penalties listed, I don't see any publication from the SEC that restricts him from providing services or practicing law.
https://www.sec.gov/litigation/litreleases/2019/lr24677.htm
In general Randy has only been listed as a "person causing the document to be filed" for State filings or the listed correspondent for communications with the trademark office. He is essentially a secretary of the company, in my opinion.
We all know that Dolkart Law is RSHN's and GRPSs Attorney, as they have done all the opinion letters, and are listed as the companies' attorneys in financials, and are listed as the provider on OTC markets since it was taken over. Randall has never been RSHNs or GRPS otc listed counsel.
https://www.otcmarkets.com/stock/RSHN/profile
Yes, the company should consider removing him in all capacities, but he is nothing more than a correspondent.
His response to the SECs findings was extended and was to be due today 1/13/20
https://www.sec.gov/litigation/opinions/2020/ia-5425.pdf
Look at the facts folks, and confirm for yourself everything you read here.
One other thing.. I noticed that 10,000,000 shares were added to the OS on 1/7/2020. Probably some more consulting shares. And certainly not any massive dilution that some claim here.
RSHN / StopDrops
Good morning GRPS! What is the deal with no volume? GRPS needs an update and to get current!
You mean to say RJ is the crook RA for WSRC. He is no longer registered agent for rshn and grps.
GM RSHN - Here are some speculative thoughts for the current situation.
StopDrops, Inc. Before Split (.0004)
$ 3,101,857 MC
7,754,641,795 OS
9,000,000,000 AS
StopDrops, Inc. After 1:1510 Split (.60)
$ 3,101,857 MC
5,135,524 OS
90,000,000 AS
RushNet, Inc to then be spun-Off afterwards.
Per Tweet:
StopDrops will dividend 100% of the common shares of RushNet, its subsidiary, to the existing shareholders of StopDrops, qualified with Tier 2 Regulation A filing, enabling the existing shareholders to also be RushNet shareholders with free trading shares in RushNet... Link
Therefore, what if StopDrops uses the active Rush Merger Sub, Inc. subsidiary it has with a similar SS to the original RSHN to go public, (12 billion Authorized) and we got our shares back 1-for 1? RSHN would essentially be a separate public company again, and we could get our shares 1-to-1. Link to Articles of Inc.
People may hate the word R/S, but current RSHN long holders will become among the very few owners of a low float stock. People who are not holders will have to take an even greater risk to get in. I guarantee the new float at 5mil will be locked. One thing to keep in mind though is StopDrops will probably use some of the outstanding shares to perform the 1-A. Then, we could expect to either get our shares 1-1 or equal pro rated value (with new SS) back in the new RSHN as 100% of common shares to be dividend-ed to StopDrops holders.
I hope we get a good update soon. It would be nice to see some other opinions on how it could play out. I'll be able to reply tomorrow ;)
Good luck to all.
Looks like a nice end to the week here on the .0004s.
Its only confusing because the company chose to not have a PR ready. Everyone is disappointed at the impending change simply because it is termed a R/S. Its not that confusing if you take the time to understand the possibility how it could happen.
Here is how I am viewing the business actions, and how they might take place...
RushNet, Inc files Articles of Amendment with Colorado to effect a 1:1510 Reverse Split of RushNet, Inc. Link
For the R/S to happen, we need to see it officially processed by FINRA. I say processed because on the FINRA website it says they do not approve corporate actions, they are simply processed from requests from the company and posted as effective. Then we need it to be reflected on OTC Markets and in our accounts.
RushNet, Inc files Name Change with Colorado, changing its name to StopDrops, Inc. https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20198020143
For the name change to happen, we need to see it officially processed by FINRA. I have this strange feeling that FINRA would make them change the name back to RushNet, Inc to effect the split because the R/S was filed under RushNet, Inc. Secondly, once it has gone through the FINRA daily list, the OTC Markets page would be updated completely to reflect the operations of StopDrops, Inc.
Next, we could see a name change from Rush Merger Sub, Inc. to Rushnet, Inc. This is the other colorado entity created by RushNet, Inc (now under StopDrops) or we just see a newly created Rushnet, Inc incorporated by StopDrops, Inc.
Next, we could see a ticker change from RSHN to something to reflect StopDrops. This would be shown on FINRA daily list to become effective. Secondly, OTC Markets and our accounts would reflect the change.
Next would be an SEC Filing 10-12B from StopDrops, Inc. to Spin-off Rushnet, Inc. If approved and declared effective, a CUSIP and Ticker would be provided. Perhaps it will be RSHN againm but StopDrops would have to have its ticker changed already.... Here is where our now split shares of StopDrops would be used to calculate the pro-rated amount based on the new security attributes of the new RushNet spinoff.
https://www.investopedia.com/terms/s/sec-form-f-10-12b.asp
Current RSHN shareholders will become StopDrops, Inc shareholders at 1:1510.
-Shareholders who are left with less than 100 shares get rounded up to 100. (Good for small holders)
-New AS will be 90 million
-New OS will be about 5,135,524
Current StopDrops, Inc. shareholders get free spin-off shares of Rushnet, Inc
-Its going to be the same company pursuing the same current goals, but with a more attractive share structure. TBD
-Will be an SEC reporting company
-Potentially free of capital tax gains. Depends if its a tax free spinoff or not.
I am sure there are more things to add here. I don't claim that this information is correct. Just trying to help people understand.
Go RSHN.
Happy New Year RSHN shareholders.
Nice buys chipping at the ask today.
You never know what DD will be important, but my point in sharing it with the other forum is because I bet not many knew Sensortechnics was formed in Colorado (to be the usa arm of Datatechnics in UK) and is seeking to raise $50 million in a 1-A plus its grant request (submitted through g*ps). Money could come into this operation via a company we have no idea about. At a minimum it would be beneficial to be in the know about Sensortechnics association with the sister company. It is plain as day included in G*PSs website.
I am keeping an eye on SOS for any business entities created by the newest registered agent Roger Sagal. Still checking Roger Johnson too. I expect New Earth will be changed over to Sagal at some point.
20181768333 StopDrops Inc. Corporation-Public 09/27/2018 GOOD
20181768411 Rush Merger Sub Inc. Corporation-Public 09/27/2018 GOOD
20181798836 Sensortecnics Inc. Corporation 10/08/2018 GOOD
Did anyone else notice that formerly associated company w*rc has started updating disclosures? You just never know what will happen next or where the next puzzle piece will be hidden. We all can agree the otc is a crapshoot, and part of the excitement of the OTC is digging for information to try to be ahead of the game and to be in early. Its also why its so risky. One can laugh at that DD, but folks reading this forum can also discern that there has never been a single quality piece of DD that has been submitted to support the year long barrage of claims that this company is a scam.
RSHN
Just sharing some information I found on Sensortechnics, Inc. It appears Sterling has brought this connection initially to light with EGYF.
I was browsing the Colorado SOS looking up the new registered agent for the sister companies. I came across this one...
This is the US arm of Datatechnics, formed by Mohammed Zulfiquar, who is connected with the New Earth Developemnt proposal. New Earth is owned by GRPS, and Sensortecnics appears to be currently a private company but closely related to EGYF.
Sensortecnics, Inc.
The Company was formed on October 8, 2018, as a Colorado corporation. We are an innovation company in the field of nanotechnology and Artificial Intelligence (AI) that specializes in developing “intelligent” based solutions for mission-critical applications primarily in the Infrastructure, Energy and Environment and Security sectors.
Sensortecnics is committed to sustainability through innovation and its vision is centered on driving positive change through cutting-edge technologies. The Company’s Mission is to make the world a better place through creative thinking and innovation with its proprietary smart sensor technologies driven by machine learning AI software engines.
The Company was established by Mohammed Zulfiquar, computer scientist and entrepreneur with 35 years of industry experience and credibility, and a long track record of patents and awards in novel, disruptive technologies. In 2011, Mr. Zulfiquar founded Datatecnics Corporation (“DTC”) in the UK through which he created a suite of products and registered patents aimed at improving sustainability through nanotechnology. The technologies originated by DTC are the basis for the operations and planned future product development of Sensortecnics in the US.
Articles of Incorporation
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181798836&fileId=20191297640
Current 1-A Offering for $50 million
https://www.sec.gov/Archives/edgar/data/1755699/000147793219003818/sensor_1a.htm#ITEM%206
Border Sense (Next Generation Border Protection Solutions)
Problem
Most of the world’s border defenses are aged, broken and not fit for their intended purpose. Very relevant to the US-Mexico border wall, Border Sense is a brand-new invention by Mr. Zulfiquar on which he has so far worked through DTC in the UK. It is a “smart” border wall designed from the ground upwards to address not only the currently newsworthy US-Mexico border wall paradigm, but importantly numerous other opportunities throughout the world. The expected revenues will be base on potentially a very large market. Border control is a perennial issue faced by almost all countries of the world and is particularly problematic for countries with long on-land borders—since harder to effectively monitor and police, while at the same time being much easier to cross than sea borders. One such border, which has been the subject of much debate in recent years, is the US-Mexico border.
A typical method for border control is to erect some form of barrier along the border in order to deter or physically stop people from entering the country unlawfully. More rudimentary barriers include wire fences which may be lined along the top with barbed wire. Such fences are particularly ineffective as they are very easily breached (e.g. with wire cutters) or scaled.
An alternative is to instead erect a tall, thick, solid wall (such as steel-reinforced concrete), which is more difficult to scale and breach. However, such walls take a long time to build, require a huge amount of materials and are hence extremely expensive (especially for particularly long borders), and cannot be easily upgraded, replaced or repaired.
A further fundamental problem with typical border control barriers is their inability to stop or detect people tunneling underneath them, which effectively renders them obsolete.
It would therefore be advantageous to provide a wall suitable for border control applications which can sense when someone is trying to tunnel under it.
It would further be advantageous to provide a wall suitable for border control applications which can sense when someone is trying to tunnel under it, which is also cheaper, quicker to install, easier to replace, easier to repair and/or easier to upgrade than currently-used barriers.
It would be yet further advantageous to provide a wall suitable for border control applications which can sense when someone is trying to tunnel under it, which can also sense when someone is trying to scale it and/or when it is breached or damaged (for example if someone tries to break through it or knock it down).
SOLUTION
Border Sense is externally a normal wall, but internally it is deeply embedded with state-of-the-art technologies to protect breaches from the front, i.e. attempts to go through the wall; breaches from below, i.e. from tunneling; and breaches from the top, i.e. from climbing over. A series of sensors continuously monitor the wall and its perimeter for a range of threats and communicate information in real time. The features include video capture with facial recognition involving deep machine leaning analytics to identify and cross-reference the trespasser to databases across the world by sharing data with other government bodies in the same and in other countries. They further include fingerprint detection which records and then cross-references fingerprints to other government databases. Border Sense has the potential for creating the world’s largest fingerprint landscape with a capability of detecting a million fingerprints per minute. Finally, Border Sense also includes ground penetrating radar (GPR) that monitors for breaches below the surface, again a world first feature.
The core technology architecture of Border Sense is based on DTC’s CIPPS Smart Pipeline Technology of TFT Thin Film Technology) with embedded smart printed sensors through OPE (Organic Printed Electronics) to which Sensortecnics has secured an exclusive license and consists of a mixture of technologies delivering an intelligent autonomous system, a future-proof facility. The main specification of the wall built with the Border Sense technology, more appropriately called Smart Digital Barrier, are the following:
· Modular structure easily constructed, repaired or upgraded. The interchangeable, pre-produced modules are constructed from steel columns with thin concrete rows.
· The modules will be self-powering, using Thin Film Technology (TFT) photovoltaics.
· An extra layer: Embedded within the surface of each module will be a thin layer of graphene film. Graphene is a revolutionary super composite 100 times stronger than steel and more conductive than gold. This will give the wall an inner strength of steel, thus making penetration almost impossible.
·Digital sensors will be embedded in the modules during manufacturing. The top panels will be imbedded with micro touch sensors on polyethylene terephthalate (PET) triggered when physically touched. This is a matrix of invisible, not discernible micro sensors.
· A robotic track with smart camera system with facial recognition capabilities will travel across the entire wall length scanning persons of interest within the perimeter mapped zone, facilitating rapid response. Modular units positioned at central points will ensure real-time coverage of entire length, again for rapid response. The intelligent camera system will record biometric data of persons of interest which is then fed directly to Homeland Security central servers.
· GPR senses across the entire wall and is integrated with the infrastructure showing any breaches underground such as tunneling.
· Through the above listed features, the Smart Digital Barrier will monitor a range of critical data sets which will be transmitted in real time to different authorities, as predetermined. Any potential breach of the barrier will send real time data with location information and images, including to the nearest border police unit.
· Software algorithms involving AI and machine learning will be specially developed to process and clean the data collected by the sensors for a seamless interface with other US databases and with databases of its allies in order to be able to identify, monitor and track any person of interest picked up by the sensors.
· Portable drones situated at strategic points will be connected digitally. These are autonomous vehicles which will be activated as and when required to track persons of interest. Data collected by the drones will be immediately and automatically transmitted to central control. Drones will return to their secure self-charging stations automatically.
· Virtual wall sub-sections of “wall” can be specifically tailored for locations where installing a physical wall is not feasible.
· The Smart Digital Barrier will require minimal maintenance as it will be digitally protected against failure, damage or physical breaches.
The functions offered by Border Sense can help all governments across the world build a safer and more secure future for everyone. In its present conceptual form, the Smart Digital Barrier was specifically developed for the US Government. Sensortecnics has submitted a grant application to develop a working model pre-commercialization. The Company is currently engaged with representatives of the White House to present the technology and develop a working model for inspection by the President and all security agencies. The proposition is to design a completely novel framework for a resilient low-cost Smart Digital Barrier to solve an age-old problem using our core innovative technologies coupled with reconfigured and optimized existing security systems. We believe this proposal is significantly more advanced than any “wall” proposed so far to the US government and will provide a more sophisticated and humane method of securing the borders of the United States.
Anyways, its a good connection, and the information in the offering statement is relative to GRPS as it pertains to the grant asks mentioned. Sensortechnics hopes to go public with the symbol SNTC at the end of the offering.
https://www.grpsinc.com/funding/
GRPS
Happy New Year DTMike and everyone GRPS.
Very nice post.
I am after the ohlin days. I had been in the other one, and then I entered here the following day after the "plan of conversion" was posted for GRPS. I love how it is setting up (although I'm aware and dissapointed we have seemed to hit some obstacles this past year). The new website is great. As you said, all the irons in the fire - GRPS can morph into a monster very quickly via either medically focused hemp/CBD/Cannabis, large scale cultivation, graphene, its own logistics company, etc, etc. If funding comes (via grants and/or 1-A), and these businesses get off the ground, it could be tremendously rewarding with this share structure.
It seems the company should know about its grants status this month, and with the sister companys sh's waiting on pending update, we ought to get a beep any day now on something.
Hope everyone has a great day. Good luck to all.
GRPS
Good morning RSHN. Lets remember there was some nice buys on the 3s Friday afternoon including a 12 million slap.
Nothing has occurred yet regarding the reverse split - its only been filed with the state of Colorado Secretary. No PR has been issued yet and nothing has been set it stone as far as approval. Therefore, we have no idea whether it will proceed and if there will be any dilution after.
Only 600 million shares have been added to the OS since 2014. That's not a lot of dilution for a stock already with 7 billion shares, and a majority of that was before Rushnet took over the shell in 2018. Almost no dilution since RSHN took it over. Make sure to check these facts yourself. You can even see the 2014 OS share count on the i-box above because apparently it is undesirable to to place updated information in the i-box for investors of this stock ;).
Have a good day all.
Go RSHN
Waiting for an update on RSHN. Management needs to come through with an explanation ASAP.
I agree on the liquidity. Yes it was an odd day with high volume, but it was only a little dump compared to the amount of shares accumulated and obviously still in someone's hands.
I found an new disclosure form on Open Secrets for Jack Burkman for Doctor Richard Goulding. There is no monetary value on it, and at the top it says new client for existing registration.
Link
Another thing I noticed recently was a grossly inaccurate and inflated Daily Avg Volume on the OTC short interest chart for the summer months (the decline period). Daily Volume was never that high? What would cause this? Flooding market with non existent shares? The cumulative number in the photo seems to be relatively close to the amount of shares dumped last week?
Go RSHN
Have a good weekend RSHN. Waiting on updates here...
Here is a little list of things I'm watching in case it helps anyone else trying to stay ahead of what could come next during this confusion...
Look for the spending bill to become official this evening when Trump signs the bills. (He is signing the defense bill around 7:30 in a public ceremony) I imagine it will be around then when he signs the spending bills too.
Looking for an update on whether or not any funding is coming to RSHN or its partners...
Keeping an eye on the Secretary of State pages for any updates...so basically Rushnet, Inc is now comprised of StopDrops, Inc (formerly Rushnet, Inc.) and Rush Merger Sub, Inc. Both entities have the newer Registered agent Roger Sagal. Subscribe to email updates for all the associated companies (add grps and new earth), and you get an email when a doc is uploaded.
Keeping an eye on SEC Edgar in case StopDrops, Inc or Rushnet, Inc file any securities registration for the "Sec qualified" spinoff.
Keeping an eye on Finra Daily List for any split approvals, etc.
Keeping an eye on RSHN OTC page for any name changes, updates, news etc.
Keeping an eye on GRPS OTC for getting current.
Keeping an eye on the next PR which ought to explain everything in detail.
Hopefully things become clearer next week. Now everyone go do some Christmas shopping and forget about RSHN for the weekend. GLTA
Hanging on until the dust settles. If news is about to start flowing again after the lengthy silence, and it was done as part of a verifiable and substantial acquisition that will start to generate income, then fine. But the only way it is good is if the company executes in an aggressive way that adds shareholder value immediately. Goulding seems to be telling everyone there is additional value coming to shareholders with spinoff shares, it leaves more info to be desired before throwing in the towel.
If the shares go to about .76 per share after the split, it would be much more attractive to do a 1-A. It would also allow them to uplist to otcbb or higher. (example raise 10 million by selling ~13 million shares). OS would still be under 20 million.
Every one wants a buyback or share retire. Its simply not an option if the company doesn't already own the shares or have the money to buyback.
Secondly, and only if they can execute fast, I'd rather have 2,500 shares of a 5 to 20 million outstanding company than around 4 million of a 7.7billion OS company.
As for the grant initiatives, its only the GRF associated ones that are going to have the most impact for RSHN on its own.
If Stop Drops has products ready to hit the shelves, there must be more to this StopDrops acquisition. All my opinion
Waiting for the senate approval of the spending bill anytime now. Trump has to sign it by midnight tomorrow night to avoid shutdown. Hopefully an update on funding will come after that is official, and then hopefully we get an explanatory PR.
RSHN
Would be interesting if we could read the transcript or listen to this interview, however it is a member only thing.
https://www.growthink.com/content/raising-capital-through-lobbying-interview-jack-burkman
I agree, he seems a little out there, but his services are being paid for by GRPS/RSHN and with Gouldings own money (through their attorney Dolkart).
https://www.opensecrets.org/federal-lobbying/clients/reports?cycle=2019&id=F317647
Although disappointing for sure, I'll be waiting out for an explanatory PR from the company.
Here are two hypothetical scenarios:
If RS is effective at .0001:
Current OS
7,754,641,795 x .0001 = $775,464 Market Cap
1:1510 RS
7,754,641,795 / 1510 = 5,134,524 (New Outstanding Shares)
The filing says that the new authorized will be 90 million shares.
$775,464 / 5,134,524 OS = .151 (New share price if effective at .0001)
Hypothetical if RS is effective at .0005:
Current OS
7,754,641,795 x .0005 = $3,877,321 Market Cap
1:1510 RS
7,754,641,795 / 1510 = 5,134,524 (New Outstanding Shares)
$3,877,321 / 5,134,524 OS = .755 (New share price if effective at .0005)
If I remember correctly when I read the filing last night, that all fractional shares are rounded up, and anyone with under 1510 would get 100 shares.
It all depends on the company's next move, and whether there are good intentions to continue executing or if they throw it all away.
Good luck all
RSHN
Good evening RSHN
I see the RS filing was signed by Bob Hainey/Chairman. What is that all about?
Someone at the StopDrops phone number answered a call tonight from another shareholder, and the name Bob Hainey was mentioned.
A few hours later, I get an email informing me of the RS filing with the state. I noticed it was signed by Bob Hainey/Chairman.
https://www.linkedin.com/in/bob-hainey-7a007652/
Then searching Bob Hainey, I found this old post from last year on a random forum. It appears that StopDrops is Stoppain Medicinals (or at least associated). Also sounds like Hainey's intentions earlier this year will fit into the GRPS model of bringing on companies who want to go public.
(Source link)
If I am calculating correctly, the new OS should be 5,132,525, and authorized common will be 90,000,000, and new price of about .76/share.
Lets hope for an explanatory PR tomorrow. Best of luck to all.
RSHN
The word on the street is we should hear something around the 20th.
Another rshn shareholder shared an email that says something about J. Burkman giving an update on the 18th to the company.
Therefore its plausible that management will hear word on whether anything is going through within the appropriations bills from Burkman on the 18th (if the bills pass both house and senate). A news release could come anytime after that if certain.
Here is the reason for the timing:
There are two appropriations packages that were filed today 12/17 in senate, and which were in the house yesterday or this morning. Some articles were saying that it could pass both house and senate by end of today 12/17 (but deadline is 12/20).
https://www.appropriations.senate.gov/news/congress-works-to-fully-fund-government-ahead-of-deadline-files-two-fy20-packages
http://www.crfb.org/blogs/appropriations-watch-fy-2020
I believe the 2nd package has most of the funding stuff related to our grant requests, but both packages need to pass to avoid the shutdown.
Technically the president needs to sign it by the 20th for it to be official as well as avoid the shutdown, so that is the reason why people should expect news after the 20th.
GLTusALL
$GRPS $RSHN
The company is seeking out partners. They are presenting them with a business plan, and it essentially looks like this. This collection of businesses will be "participating partners" under GRPS/RSHN business plan (which is going to be the "robust IPO" or 1-A or whatever it will be, and who knows if it will be grps/rshn/new earth or a merger) - Look at everything. Look at GRPS by itself Look at RSHN by itself. StopDrops fits right into GRPS and RSHN model of helping society. We know smoking cessation was on xyz hemp website. One thing is, per the PR StopDrops was acquired by Rushnet, so technically it doesnt' affect GRPS. You have to understand the items that affect both or the one you're in.
About
We are a collective organization of physicians, scientists, logistics experts, and networkers with a unique ability to assemble projects with huge potential incomes and genuinely positive influences on society.
With our sister company RSHN, we have a sizable investor base of over 40,000. These are individuals with skin already in the game. Our links to finance, CBD and THC cultivation, manufacturing, retail, nutraceutical development, graphene production, defense firms, lobbyists, transportation, and more has afforded us unique opportunities in a wide array of fields that can be exponentially lucrative.
Partner With Gold River Productions
Advantages of our partnership to cannabis cultivation, manufacturing, retail, and/or ancillary businesses:
Access to capital. And access can be repeated as necessary.
Alternative income in the form of public company stock and associated income tax advantages, transforming ordinary income into long-term capital gains.
Income increases exponentially as company stock value is many times the amount of that income.
Currently, cannabis stocks are trading at high multipliers. At recent 30X revenue multipliers for example, a company earning, $10,000,000 in revenues (not net income), would on the average enjoy a market capitalization of $300,000,000! Effectively, we want participating companies to enjoy that unique market anomaly.
Unique staff of cultivation specialists, extraction experts, physicians, and formulators.
Trucking logistics – GreatRateFreight, to reduce the cost of transporting product. Decreases costs to consumer. Increases profits to participating companies. This is crucial now that CBD can be transported legally across state lines.
Unique Marketing technology and platform to foster growth and awareness and increase profits. (Conx2share)
A physician network. A unique platform that enhances physicians’ ability to utilize unique CBD formulations and profit from it while delivering better patient care. Incorporates payment processing without charges.
Access to product development and our unique nutraceutical/cbd formulations.
Expert SEC and legal consulting.
Access to a 40,000+ shareholder base.
Access to our lobbying team and possible grants for qualifying entities.
Within the confines of the public company, the participant will have total operational autonomy and total checkbook control of its own operations.
The participant will have the right to spinoff and become its own freestanding public company. And we will help guide them all the way.
https://www.grpsinc.com/why-partner-with-us/
Good morning GRPS. Would be nice to see Pink Current today.
Something, anything, announce the new website, get people interested.
Go GRPS!
During 2019, the Company entered into a strategic alliance with LeGanja Fairy, LLC and Rushnet.
As part of this alliance, LeGanja will be provided 5,000,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company (GRPS), and paid out accordingly to the agreement with LeGanja and Rushnet. During the 9 months ended September 30, 2019, those revenues totaled $96,721, with a like amount returning to the company to pay for operating expenses.
https://backend.otcmarkets.com/otcapi/company/financial-report/236736/content
LeGanja Revenue. It takes a while for the revenue to be posted online because its all state controlled, so this is something that could have prevented financials from being on time.
https://www.topshelfdata.com/wa/spokane-valley/leganjafairy
LeGanjaFairy, LLC, a licensed Washington State marijuana Producer / Processor established by Shane Archibald in 2015, seeks to expand existing operations with funding from Gold River. LeGanjaFairy is located in Spokane Valley, WA 99212, BLS Account ID: 603348456-001-0001, with licenses as both a Tier 3 Marijuana Producer and a Marijuana Processor. In business for more than four years, 2019 year-to-date revenue of over $215k, total revenue of nearly $1.5 million and an expanding customer base, it offers more than 70 unique strains of Cannabis ranging from strains used for pain relief, high CBD-content, to heirloom strains that have been cultivated since the 1970’s. Customers currently receive their product in the form of flower, extract and in a pre-rolled format. Shane brings over 20 years of traditional business and project management experience in the IT, Transportation, Aerospace and Construction industries as a consultant, trainer, author and speaker to the developing cannabis industry.
In each case, revenues were acquired by Gold River, subject to operating expenses and distributions to the company, leaving, as net income to Gold River and to RushNet, 35% of the net, of which 80% will go to Gold River and 20% to RushNet. Those net distributions to Gold River Productions and to RushNet are scheduled to commence later this year, upon the securing of financing pursuant to a Tier 2, Form 1-A filing with the SEC. This filing, in the case of each of Gold River and RushNet shall accompany PCAOB audited financial statements.
https://www.globenewswire.com/news-release/2019/06/27/1875479/0/en/XYZ-Hemp-Inc-GRPS-Gold-River-Productions-Inc-and-RushNet-Inc-RSHN-Announce-Most-Recent-Acquisitions-Alliances-Products-Grants-and-Name-Change.html
As I mentioned the other day, the 1-A is still being worked on per management. I'm happy to see this in the financials - this means LeGanja is anticipating an 1-A as well.
Admittedly, I did not catch these differences with the preferreds because I guess I simply was more focused on the common shares which stuck out more. With that said, see my comments and opinions in bold...Thanks for pointing out.
Amended Quarterly Errors I've Found...
1. Page 5 of 13
--Preferred A Shares Authorized: 50,000,000
(this # should be 20million as per the last articles of amendment with Colorado SOS https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181590379&fileId=20181890582)
--Preferred A Shares O/S as of 09/30/19: 10,000,000
(It appears they are trying to refer to the first series of preferred shares of 10 million - may as well issue the 282,000 more shares to RG)
2. Page 6 of 13
--"Shares Outstanding as of 09/30/2019: Common 970,707,489, Preferred 10,000,000"
(Preferred should be 9,718,000)
3. From Balance Sheet
--Preferred Shares Authorized: 20,000,000 (correct)
--Preferred Shares 7,782,000 Shares Issued And O/S (should be 9,718,000)
4. From Statements of Stockholder's Equity
--Preferred Stock 7,782,000 (should be 9,718,000)
5. NOTE 4-Preferred Stock
--States as of 09/30/19 Preferred Stock is 7,782,000 shares. This note also shows the 20 million number instead of the 50 million.
(20 million is correct, not 50 million)
6. NOTE 9-Name Change
--In the Note it states that "During the 3 Months Ending Sept. 30, 2019, the Company changed its name from XYZ Hemp, Inc. back to Gold River Productions, Inc."
--On Page 5 of 13, it states that the name change to Gold River Productions, Inc. occurred on October 23, 2018.
--QUESTION: Should Gold River Productions, Inc. be on all pages instead of Gold River Production Service, Inc., which is on several pages?
The correct name filed with the state is Gold River Production Services, Inc. (https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181590379&fileId=20191789739) regardless of the financials or even apparently the OTC website (smh). Therefore the company has to update OTC with the correct name as is filed with the state and change it.
I do wish there was a more savy person preparing the docs for sure, and can't even spell amended correctly (facepalm).
Still love our GRPS! We will get there!
If I am reading the financial correctly, it Looks like David Hoffman believes in GRPS enough to invest $21,576 into GRPS for 8,698,093 restricted shares (which obviously he cant sell for a while). Any DD on him?
Also the stock subscription receivable at $60,000. That would be an investment or capital raised.
We know RG has loaned cash.
Also I notice the Leganja receivable and expenses are on the balance sheet.
Good stuff here, I think.
GRPS
Very nice looking quarterly now....
Outstanding shares are now accurate 970,707,489 and are correct in each spot in the report. Frankie D getting 5mil shares of grps.
If my guesswork is correct, we should be cleared for Pink Current now unless the day-late late notification is the stickler (in which maybe we have been penalized by OTC??).
One thing I see is the subscription of 33 million and change that will be issued....there is only enough room for about 29 million. Hopefully they won't be issued.
Also, I see some details on the LeGanja joint venture agreement. (see note 10). It looks like they made some revenue, but not profit, as they returned "a like amount" for expenses.
Pretty cool. Goulding did say his top priority is getting income for the companies. Looks to be coming. He did say that stuff was expected to be on the books by end of the year in a press release.
Go GRPS!
Happy Holidays Jr
Dec 20 was brought up in regard to the omnibus or the continuing resolution thing (which we know determines govt funding for certain time periods).
Go GRPS!
Good afternoon GRPS.
Just checking in here.
We had actually a really cool day yesterday where about 10 shareholders of grps and rshn got together on a conference phone call and spoke to Goulding for about a half hour, where he answered questions and spoke to us about the company.
People are wondering why so quiet on the boards. Well my opinion is that it is because the other board has an agenda and is filled with a bunch of whiny babies that no one cares for anymore. People have gone elsewhere for their DD, and therefore people are missing out on good info and shareholder discussion. Over here in GRPS land I think investors are more aware of the potential, are wiser, and have never put up with the BS as seen with the other one, therefore no need to check in daily. We are waiting for updates later this month. When the company gets word on funding for its initiatives, the public will be informed. Plain and simple. Till then we wait.
Good luck! Go GRPS!
Decorated my house last night. Tis The Season.
On my wishlist is....
Pink Current GRPS
a nice rise in PPS for GRPS (.01) and our sister.
To be unbanned from the sister board
$400 million (...ok maybe even just a few million)
GRPS
GM GRPS. Following up this post from about 2wks ago..
Was hoping to see Pink Current by now...
The company had filed on the 19th like I had expressed in my communication. I was hoping OTC would make them current as long as they posted by the max date of a notice of late filing. I knew that the late filing was posted a day late, but was still hopeful, and expressed that they ought to post on the 19th if they want a chance of Pink Current. Therefore, if I have to take another guess as to why we're not PC, its probably because they posted the notice of late filing on the 15th. Its even dated the 14th, but they couldn't get it posted in time. (TALK ABOUT A FACEPALM)
Anyways, have a good week. Will be 2 feet of snow here in Southern NH by tomorrow afternoon.
GRPS
Happy Thanksgiving GRPS!
It would be interesting if a relationship could be rekindled, but it was going to be expensive to begin with for rshn/grps, likely because the water rights are legit.
I had pressed the rshn/grps management about removing the 12.5% assets from the financials. They finally did, and provided the revised accounting to show it. It was not an accurate reflection of asset value since the deal never commenced. Since they did remove the assets from the balance sheet, that could have been a logical reason for the falling share price of rshn/grps to more closely match asset value. While its a little downside for rshn/grps investors, the financials are now accurate. I'd rather have a temporary decline in pps than be still connected to this dark and defunct company that doesn't update its shareholders.
I found this post to be interesting...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152405942
Looks like Stervc connected Mohammed Zulfiquar to EGYF. (Energy Finders) That stock is up 72% today. Might not be a big deal, but interesting it was posted today.