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Imagitrend filed on 08/08/2007 REGDEX (Notice of Sale of Securities [Regulation D and Section 4(6) of the Securities Act of 1933)
http://edgar.sec.gov/Archives/edgar/data/1339090/999999999707036542/9999999997-07-036542-index.htm
Can anyone help me with answers on Restricted Stock??????
I tried the process of getting the restriction removed as directed in past postings. I am with Scottrade. I received the following info from Scott:
Thank you for your e-mail. Scottrade can not hold this security and we do not remove restrictions from securities. In this specific situation the only thing we could do is offer the ability to request a stock certificate. The certificate would be in your name which will bear the restrictive legend. You may then deal with the agent or take it to a full service broker to have the restriction lifted. There is a ninety-five dollar fee for this stock which must be in the account before we can initiate the certificate request. The other option is to
leave the stock in your account as is.
Does anyone else use Scottrade and have success getting the restriction removed?
Can you please explain a bit further how "gifted" shares differ from the norm in the world of 144's?
I found this on the sec website:
"For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift."
Would the holding period have begun when the shell was formed?
I'd love to dump this sooner rather than later.
The share structure bothers me and with the right explanation I could understand and live with it except for one thing.
It was posted on this board last Friday (2/15/08) that someone spoke to the CEO who informed him the A/S was 4 billion (post #12022) Either the CEO lied or the poster lied. I tend to believe the CEO misled the caller. I've seen it before. CEO passes on bogus info to shareholder who posts it and then the CEO is shielded from responsiblity.
I responded earlier in the week not to trust posts recounting CEO conversations because if the info is good enough to pass on to a single shareholder it is good enough to put in an official PR. For that I was threatened by the poster.
No need to respond since I sold all this morning so I have no reason to fight for or against company.
For the record, I called the company and spoke to a "Ted" for an explanation on the increased A/S versus what was told to shareholder Friday. He told me "a lot gets put on the internet that isn't true". He also let me know that he only works there and doesn't know anything. Please don't take my word for it though. The company number is 480.272.7290.
Good Luck to all
No need to be so rude and immature. We are actually on the same side.
My "frickin clue" is your own words. Your intentions I actually think are good. I never challenged your intentions. Your methods are what I questioned. Posters challenge these methods and you go KINDERGARTEN and want to take your marbles and leave.
All the best intentions mean squat. A well managed company is one that communicates with all shareholders on a timely basis. I apologize if I offended you but I have been so burned by secret communications and people with the best intentions that were taken advantage of that I am quite skittish when I see the same pattern developing.
It's not meant to be funny. You stated that you called the company, you told the CEO that you would update the board. You then told the board not to call and then announced that any information you got from the CEO you would divy out to a select few.
I see nothing funny about that. When you posted your phone call on Friday, I was one of the first to thank you for the update. When you then announce you are keeping any updates for a select few that sets off the warning signals.
If the CEO is taking part in these childish games it sets off even stronger warning signals.
That would be a good definition of insider trading.
From now on all info I get from Steve will be PM'd to people I know on here that have the best intentions...It obviously does not do NE good to post here cause to many NEWBIES around. So I will start posting to PM's and not straight to board.
The same nightmare that happened to RSHN is now developing here. The CEO picked a few shareholders to give all the inside scoop to knowing full well that they would run to a message board and repeat it word for word. The "insider" posters then stopped publically posting the info but rather started doing secret emails informing people they deemed worthy.
In the end, the big plans never materialized but the CEO had the cover of never publically releasing the information in an official PR.
I say the company should release the information in an official PR and not use message board posters as their conduit. I will sell at the first hint of CEO's passing info to select shareholders. And yes, I will call the CEO and speak personally to him before I dump my shares because this nonsense is happening all over again.
Great weekend reading, all 29 pages - lol
http://www.sec.gov/rules/final/2007/33-8869fr.pdf
Thanks for the info. I added more at .0005 today.
The article referenced in TODAY"S NEW Pr - highlighting Pepsi Raw and the market potential in the UK
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=513523&in_page_id=1770
Clash of the cola companies as Pepsi launches 'healthy' option made from all-natural ingredients
'Healthy alternative': Pepsi Raw is said to be made from natural ingredients and contains no artificial preservatives, colours, flavourings or sweeteners
You may have thought cola wars had fizzled out - with every possible variety having now been invented.
However, Pepsi is reopening hostilities by launching a new "healthy" option.
Pepsi Raw is said to be made from natural ingredients and contains no artificial preservatives, colours, flavourings or sweeteners.
Traditional Pepsi contains fructose corn syrup, sugar, artificial colourings, phosphoric acid, caffeine, citric acid and natural flavours.
In comparison, Pepsi Raw has only natural ingredients including apple extract, plain caramel colouring, coffee leaf, tantaric acid from grapes, gum arabic from acacia trees, cane sugar and sparkling water. It is paler in colour and less fizzy than other cola brands.
By replacing corn syrup with cane sugar, Pepsi claims it has managed to reduce the calorie content of a 300ml bottle, from around 126 calories per serving to around 117 calories.
Cutting the amount of sugar in the drink could also help prevent damage to teeth.
To begin with, Pepsi Raw will only be available in selected bars and clubs in seven cities - London, Manchester, Glasgow, Brighton, Birmingham, Leeds and Liverpool, although a wider roll-out is expected later in the year.
Bruno Gruwez, Pepsi's marketing director, said: "We are really proud that the UK is leading the way with the launch of Pepsi Raw, which is the most significant innovation from Pepsi UK in the last 15 years."
The company hopes the new drink will help it catch up with Coca-Cola, which outsells all its rivals in the UK soft drinks market.
Coca-Cola held on to its position as the UK's most valuable grocery brand in 2007, despite growing pressure on shoppers to eat and drink more healthily.
Both Pepsi and Coca-Cola have numerous rival products, including several low-calorie drinks and cherry, vanilla, lime and lemon flavoured colas. Until 1903 a serving of cola contained 60mg of cocaine and to this day drinks manufacturers use extract of coca leaves - from which the drug is derived - to give cola its distinct flavour.
The UK cola market is worth £6billion a year and is dominated by the two companies that have been rivals for more than 100 years.
Article just got posted this morning at Business Wire. I provided the link:
http://www.businesswire.com/portal/site/home/index.jsp?ndmHsc=v2*A1200315600000*DgroupByDate*J2*L1*N1000837*Ohide*Znubv
Good Luck to All
NutriPure Beverages Inc. - A Scientific Approach to Beverage Production
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--NutriPure Beverages, Inc. (Pink Sheets: NUBV - News) announces its unique approach to a crowded beverage sector.
The vitamin water category is dominated by PepsiCo and Coca Cola with their respective acquisitions of SoBe Lifewater and Vitamin Water, among a handful of other large independents marketing the same types of beverages. These companies rule the retail shelf and vending machine space throughout North America.
NutriPure’s approach is unique in regard to the science behind its beverage production mechanics. The Company anticipates that its proprietary way of constructing vitamin beverage in the neutriceutical form not only creates a superior product, but that the process that NutriPure employs will be used to reshape the industry in general. NutriPure anticipates causing a paradigm in the way consumers drink their vitamins, by virtue of the way vitamin beverages will be made using NutriPure’s process. This is expected to place NutriPure on the top of the production chain. NutriPure intends to license its patented process to the major beverage producers to construct superior beverages. In this way, NutriPure plans to become a dominate industry player by leveraging the dominance of the majors.
Steve Nickolas, CEO and President of NutriPure Beverages, Inc. comments, “Our proprietary process is the magic bullet for the manufacture of superior beverages. It is increasingly apparent with the general population that old-style beverages, and food products for that matter, are not good for you when overly processed, are inorganic or full of preservatives. People are increasingly aware of the harmful nature of sugar laden drinks, no matter what form the sugar is, as it impacts the general health of their children as well contributing to obesity in young and old alike. NutriPure’s science is the key to better beverages that deliver the nourishment, without the effects of sugars or potentially harmful coloring agents. We feel that NutriPure’s day is coming to make its mark among the major beverage producers. We are preparing to supply the huge beverage conglomerates with our technology. Evidence to the inevitable industry change is illustrated by the launch of Pepsi’s Raw in the UK this week. A drink they are touting as made from natural ingredients and contains no artificial preservatives, colors, flavorings or sweeteners”. (Please see below article link)
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_a rticle_id=513523&in_page_id=1770
(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)
ABOUT NUTRIPURE BEVERAGES, INC
NutriPure Beverages, Inc. (NUBV.PK) produces and distribute a line of nutrient-enhanced bottled water products that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water. The procedure is a patented process that is more efficient and less costly than others producer use. NutriPure’s concept adds organic nutrients without adding masking flavors, colors or sweeteners. The process is further enhanced using desirable “cold-fill” techniques, which save energy and reduce harmful, “plastic chemical leaching” into the product. These proprietary techniques have warranted NutriPure to redirect its efforts to the premium bottled water industry. The Company intends to market a full line of nutrient-enhanced water products to compete with currently available products. These include those that provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, as well as an energy and fitness drink.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
For more information call (949) 376-4846 or visit www.nutripurebeverages.com (a new website reflecting the company's new name will be released shortly).
http://www.businesswire.com/portal/site/home/index.jsp?ndmHsc=v2*A1200315600000*DgroupByDate*J2*L1*N1000837*Ohide*Znubv
Pink Sheets has the following listed for NUBV:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=nubv
Estimated Market Cap
148,486.927 as of Feb 8, 2008
Outstanding Shares
148,486,927 as of Oct 10, 2007
Authorized Shares
4,000,000,000 as of Jan 23, 2008
Number of Share Holders of Record
123 as of Jan 23, 2008
Float
683,383,434 as of Jan 23, 2008
FYI: Market Maker Signals
Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought. The "signals" are from one MM to another.
100 I need shares.
200 I need shares badly,but do not take the stock down.
300 Take the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
ThePennyStockBlog.com. All rights reserved.MARKET MAKER SIGNALS
New to stock. Got in last week at .0007.
I am coming off a real bad investment in RSHN. Rushnet has excellent products. For years there has been talk of 7-11 contracts and distribution in China. Boardmemebers took the initative and pushed the products to local health food stores, regional Whole Foods, Krogers, etc... One board member even set the company up with a meeting to a national restaurant chain. I heard the hype over and over and mostly I believed because the drinks are fantastic.
The achilles heel of the stock was the management. The CEO is very Clintonian in his PR's. It took many re-reads to get the true meaning. IMO, he raped the company all the way down to .0001.
This is not meant to dampen enthusiasm but rather add a newbie caution to react to your investment with logic and not emotion. Excitement and anticipation are great but keep your eyes open to all facets of the company. I lost alot with RSHN but am hopefully on the road to recovery.
Good Luck to All
I managed to sell all my RSHN this week in varying pieces. I had the order in for weeks. I no longer have a horse in the RSHN race.
Before Thanksgiving I emailed Corr and the PR guy Vinci the following:
I am very concerned about my investment in Rushnet (RSHN), since it seems to be in the process of being stripped to the bones in order to fund Apple Rush Company (APRU), a company of which I own, thru Rushnet, about 28%. In a PR dated 4/17, it was stated that Rushnet had "financed entirely" Garden Beverages.
"Garden Beverage will become a subsidiary of RushNet, Inc in an acquisition that was financed entirely by RushNet".
Last Friday's (11/16) PR stated that Garden was in fact purchased by Apple Rush Company, not Rushnet so what will happen with the 6 billion shares that were put in escrow to complete that sale? Since the Garden deal was never completed with RSHN, will those shares now be retired?
I received an email back from Corr
Since we have a share price that is low, we arranged capital to complete the garden deal. We still have treasury stock available. I am the president of Rush Net Inc. and I would like to take more time to answer all of the questions that you have presented but at this time we are very busy. So, press releases will be coming out that address most of the quetions. We have 5000 stockholders and some of them ask lots of questions, we are planning to hire a full time person to help us in this area. Have a nice holiday !(My translation for of Corr's reply - SCREW YOU SHAREHOLDER)
I received a call back from Vinci who explained to me that the shares used for Garden still were applied to that purchase - even though APRU bought it. (warning bells went off big time). As for the shares in escrow for the GA water plant they are still in play for that plant since the Rushnet bid is back on. The 6 billion is currently tied up.
Good Luck to All
My reply back from Scottrade re: (APPL)
Thank you for your email. The dividend you received are Apple Rush shares which are restricted at this time. The Apple Rush shares are restricted securities which have not been registered with the Securities and Exchange Commission. You will need to contact the company directly to inquire about the length of the restriction.
Branch office information is available in the Branch Locator on our home page -www.scottrade.com/online_brokerage_firm_locator/ or by dialing
toll free 1-800-619-SAVE to connect to the office in your area.
Please let us know if you have further questions.
Martin Ayotte
Stockbroker, National Service Center
Scottrade, Inc.
The filings didn't mention Rushnet but the PR dated 11/16/07 mentions it. Corr is quoted outright stating that Rushnet owns 45% of APRU.
http://biz.yahoo.com/bw/071116/20071116005526.html?.v=1
RushNet, Inc. Announces Apple Rush Advances
BLUE ISLAND, Ill.--(BUSINESS WIRE)--RushNet, Inc. (Pinksheets:RSHN) today announced several developments with regard to Apple Rush Company, Inc. (Pinksheets:APRU), the former subsidiary of RushNet, which recently went public on the pinksheets.
Apple Rush will begin actively trading on the pinksheets in the very near future. According to Robert Corr, CEO of Apple Rush, “We’re all very excited that we will soon begin trading. This is a major event for everyone at Apple Rush and for the shareholders of RushNet, as they are the largest shareholder of Apple Rush, holding 45% of the company’s equity.”
Additionally, the long-awaited Garden Beverage, Inc. acquisition has been finalized. Originally the transaction had been secured by RushNet, but due to a fall in its share price and other factors beyond the company’s control, RushNet was not able to complete the final transaction. As a result, Apple Rush, having a strong business model, excellent growth prospects and the support of RushNet, was able to secure debt financing and has consummated the acquisition of Garden Beverage. Garden will operate as a wholly-owned subsidiary of Apple Rush.
“This is an excellent acquisition for Apple Rush, allowing the company to strengthen the sales and distribution growth of the Apple Rush product line through its ownership of Garden Beverage, with the cooperation and marketing support of RushNet. Furthermore, RushNet will still benefit tremendously from this arrangement as they are the single largest shareholder of Apple Rush. I strongly believe this is a win-win situation for everyone,” commented Robert Corr, CEO of Apple Rush.
Robert Corr continued, “Before the end of the month, Apple Rush plans to engage securities counsel to pursue the registration process to distribute direct dividend shares of Apple Rush to the shareholders of RushNet, as I have previously promised. Announcements will be forthcoming as progress is made with Apple Rush and the share dividend plan.”
RushNet Inc. www.enjoytherush.com is a beverage marketing company with a dynamic array of natural and organic beverages that it sells to distributors throughout the U.S. and into export markets. The line of quality beverages includes; e-water (R) (RushNet is the brand owner), Ginseng Rush (R), Ginseng Rush XXX and Rush Cola (R).
Interesting theory. I wasn't aware of that 5 day trading period in the original PR even though I linked to it a few posts back! Hope your faith in Corr and Rushnet proves out.
I'm not sure why you addressed to me a statement that I would laugh at you? You and your scenario's are just as valid as anyones. As for Vinci, nice man but my faith in what he says is not real strong. I was just passing along an answer I got to the warrants question.
Last year's PR referred to warrants at 662/3% not the divy. I specifically asked the new IR person, Guy Vinci, if we would be getting warrants and he said no, only dividends.
According to Robert Corr, president of RushNet, Inc, the Company plans to declare a special dividend of one unit of Apple Rush Company, Inc. per a fixed number of RushNet, Inc. shares. The unit will consist of one free-trading share of Apple Rush Company, Inc., an OTC bulletin board company, and two attached warrants.
The first warrant will give the unit holder the right to buy one free-trading share of Apple Rush Company, Inc. at 66 2/3% of the closing price averaged over the first five days of public trading of said company. This warrant will expire in 45 days from commencement of trading in the underlying security.
The second warrant will also give the unit holder the right to buy one free-trading share of Apple Rush Company, Inc. The second warrant will be exercisable until 29 June 2007 at a price equal to twice the closing price averaged over the first five days of public trading of Apple Rush Company, Inc.
http://www.allbusiness.com/services/business-services/3912809-1.html
per your #4
4) "RushNet recently developed and owns 51% of the Organic Apple RUSH™ line." Developed, TRUE. Owns 51%, VERY DOUBTFUL
This is a major event for everyone at Apple Rush and for the shareholders of RushNet, as they are the largest shareholder of Apple Rush, holding 45% of the company's equity."
http://www.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIEW_POPUP_TYPE&newsId=20071116005526&ndmHsc=v2*A1194699600000*B1197359546000*DgroupByDate*J2*L1*N1000837*Zapru&newsLang=en&beanID=202776713&viewID=news_view_popup
That phone number is VUI Consulting, our new Investor Relations group.
Vinci seemed to be sure about the divy's coming from Apple Rush TX.
What he seemed to hem & haw about was the access/availablity of those 3 billion authorized in Apple Rush Nevada. I just didn't get the impression that he really knew the correct answer. I used the word "opine" to express that I thought it was only his opinion and not a double checked fact.
Sorry I was not more clear.
No I meant 12/21/2007.
Rushnet was outbid for the GA Water Plant. The new buyer has until 12/21/07 to finalize the deal. If it is finalized that portion of the 6 billion put in escrow for that purchase will be returned to the treasury.
If the new buyer for the water plant does not finalize their deal, Rushnet will be able to restart the original deal.
At this point, I'd rather have the shares returned to the treasury than the water plant.
The new IR person, Guy Vinci just called me back with some answers to some questions I left with him the other day. Mr. Vinci is basically the liaison between the shareholders and Corr. I didn’t get the impression he knew the answers off the top of his head but he is willing and able to find out and report.
I asked about the lawsuit. He told me that Rushnet is in negotiations with the plaintiff’s attorney for their part of the suit. He then stated that it is an "uncollectible lawsuit". I still don't get why they are negotiating if it is uncollectible. ???
I also found out that if the GA Water plant deal falls through on 12/21/07 those shares put in escrow for that purchase will be returned to the treasury. How much out of the 6 billion would be returned – he didn’t know.
I wanted to clear up my concerns about the 3 billion in authorized shares sitting in Apple Rush Nevada. Since Apple Rush Nevada is a wholly owned subsidiary of Apple Rush TX, I see those 3 billion as accessible to the Texas parent. I asked what the status was of those 3 billion authorized shares and he said they were "not activated". He did opine that at a later time he thought they could be activated.
.I asked Mr. Vinci where the divy was coming from NV or TX. He said Apple Rush, Texas. He told me he had the NOBO list in front of him and that the company was in the process of determining the divvy ratio based on that list.
Again, Mr. Vinci seems like a good man. However, I didn't get a strong sense of conviction on the Apple Rush Nevada answers so I still have my doubts. He did say he'd call me back next week.
Apple Rush is at least on the right track.
The Gouldings are also involved in a Corp called INverso Corp
http://www.secinfo.com/d16rw4.v2n.htm
and David is involved in The Gale Trust
http://www.secinfo.com/$/SEC/Filings.asp?As=M&Name=galethetrust&Find=The+Gale+Trust
Still don't know how he became director of Apple Rush.
David Goulding, Dir. ???
This guy is listed under the Apple Rush Officers as Director. Anyone know who he is?
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=apru#getInsiderTrans
I just spoke to Guy Vinci, our new investor relations contact. His number is listed on the Rushnet website.
Seems like a nice man. He was hired to answer questions about Apple Rush but has spent time so far hearing from disgruntled Rushnet stockholders. If you talk with him, be nice. He's only the messenger.
He did not have any information on the lawsuit. He promised to get back with me by the end of the week with some answers. When I brought the lawsuit up in the conversation he was familiar with it but had little knowledge about it.
On the 6 billion RSHN put in escrow for the Garden and water plant purchases: According to Mr. Vinci, even though APRU actually purchased Garden, they did so by using RSHN escrowed shares. APRU gave up 45% of it's shares to Rushnet for this. He lost me there but since there was not going to be any meeting of the minds on this I went on.
The deal for the GA Water plant is on hold. Rushnet was outbid for the plant. The new bidder has until 12/21/07 to finalize the deal. If it is not finalized, Rushnet is back in the picture. Mr. Vici said he'd find out about the status of any shares escrowed for this deal if it falls through.
Dividends are going to be announced soon. The ratio has not yet been determined but will decided very soon.(lol) Mr. Vinci did not think there were any warrant offerings.
We spoke at length about Apple Rush and he was very excited about it's potential. He seemed to think .25 is a legitimate price for APRU. (another lol)
I spot a few lies in from Corr in official PR's released:
1). Garden deal. First we are told it was purchased by Rushnet, then we are told that the AS needs to be increased to 6 billion for that purchase, then we are told that Apple Rush actually bought Garden. Emailed reply to my question as to the status of those 6 billion in escrow - I ask too many questions.
a) Rushnet bought Garden (4/16/2007)
http://www.thefreelibrary.com/RushNet,+Inc+Buys+Chicago+Beverage+Distributor-a0162177349
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that the company has signed a contract to acquire the assets of Garden Beverage, Inc., a Metro-Chicago beverage distributor. Garden Beverage will become a subsidiary of RushNet, Inc in an acquisition that was financed entirely by RushNet.
b) Rushnet needs to increase its Authorized shares by 6 billion in order to finance the Garden Beverage purchase and GA water plant joint venture (8/3/2007)
http://www.allbusiness.com/services/business-services/4535929-1.html
RushNet, Inc. (RSHN) has increased its authorized shares this week by 6 Billion in order to complete its purchase of Garden Beverage as well as the upcoming joint venture investment in Amicalola Water Co. Both will require a substantial pledge of RushNet, Inc. securities as part of the company's participation. The additional authorized shares encompass a large amount of restricted shares to be held in escrow, pending the completion of both investments.
c) Apple Rush purchased Garden Beverages not Rushnet (11/16/2007)
http://biz.yahoo.com/bw/071116/20071116005526.html?.v=1
Additionally, the long-awaited Garden Beverage, Inc. acquisition has been finalized. Originally the transaction had been secured by RushNet, but due to a fall in its share price and other factors beyond the company’s control, RushNet was not able to complete the final transaction. As a result, Apple Rush, having a strong business model, excellent growth prospects and the support of RushNet, was able to secure debt financing and has consummated the acquisition of Garden Beverage. Garden will operate as a wholly-owned subsidiary of Apple Rush.
2). Apple Rush structure
RushNet, Inc. to Bring Subsidiary Public and Issue Dividend. (11/3/2006)
http://www.allbusiness.com/services/business-services/3905552-1.html
The Apple Rush[TM] Company, a separate Nevada Corporation, will become an operating subsidiary of RushNet, Inc. No dividend or warrants
http://www.allbusiness.com/services/business-services/4007574-1.html
Apple Rush no longer a subsidiary (11/16/2007)
RushNet, Inc. (Pinksheets:RSHN) today announced several developments with regard to Apple Rush Company, Inc. (Pinksheets:APRU), the former subsidiary of RushNet, which recently went public on the pinksheets
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20071116
3. Rushnet cut out of Apple Rush
RSHN will be the marketing agent of Apple Rush (11/3/2006)
http://www.allbusiness.com/services/business-services/3905552-1.html
Apple Rush Company, Inc is a producer and marketer of Organic 100% Juice beverages
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20071204
According to a poster on SI, we may not have GA Water Plant either:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24104708
From: marylou3333 Read Replies (2) of 3085
Thanks, I don’t have much time for posts, so at times, I may take a few days to reply.
The water bottling facility in GA has not closed. RushNet made an offer of $1M, however another company came in with a bid of $1.5M. They must really want it. I’m not sure about the brewery or Hawaiian Deep Water so you will need to address those topics with Bob directly.
Archiving the PR’s on site is a very good idea and I will submit your request in my next email to Bob.
Concerning the RSHN dividend, Bob will be filing with FINRA to register the dividend shares properly and an announcement is forthcoming.
RSHN is growing slowly but they are growing and it does take a tremendous amount of capital to launch products in today’s
FYI: Effort to Limit Junk Food in Schools Faces Hurdles
Federal lawmakers are considering the broadest effort ever to limit what children eat: a national ban on selling candy, sugary soda and salty, fatty food in school snack bars, vending machines and cafeteria lines.
Whether the measure, an amendment to the farm bill, can survive the convoluted politics that have bogged down that legislation in the Senate is one issue. Whether it can survive the battle among factions in the fight to improve school food is another.
Senator Tom Harkin, Democrat of Iowa and the chairman of the Agriculture Committee, has twice introduced bills to deal with foods other than the standard school lunch, which is regulated by Department of Agriculture.
Several lawmakers and advocates for changes in school food believe that an amendment to the $286 billion farm bill is the best chance to get control of the mountain of high-calorie snacks and sodas available to schoolchildren. Even if the farm bill does not pass, Mr. Harkin and Senator Lisa Murkowski, Republican of Alaska, a sponsor of the amendment, vow to keep reintroducing it in other forms until it sticks.
They are optimistic about their chances because there is more public interest than ever in improving school food and because leaders in the food and beverage industry have had a hand in creating the new standards.
But that intense corporate involvement, along with exemptions that would allow sales of chocolate milk, sports drinks and diet soda, has caused a rift among food activists who usually find themselves on the same side of school food battles.
“This pits ideals about what children should eat at school against the political reality of large food corporations insisting their foods be available to children at all times,” said Marion Nestle, a professor at New York University and the author of two recent books on food politics and diet. “The activists want vending machines out of schools completely.” Dr. Nestle has taken no public stand on the measure.
The nutrition standards would allow only plain bottled water and eight-ounce servings of fruit juice or plain or flavored low-fat milk with up to 170 calories to be sold in elementary and middle schools. High school students could also buy diet soda or, in places like school gyms, sports drinks. Other drinks with as many as 66 calories per eight ounces could be sold in high schools, but that threshold would drop to 25 calories per eight-ounce serving in five years.
Food for sale would have to be limited in saturated and trans fat and have less than 35 percent sugar. Sodium would be limited, and snacks must have no more than 180 calories per serving for middle and elementary schools and 200 calories for high schools.
The standards would not affect occasional fund-raising projects, like Girl Scout cookie sales.
Although states would not be able to pass stronger restrictions, individual school districts could.
The rules have the support of food and drink manufacturers, including the American Beverage Association, which worked closely on the amendment with Mr. Harkin’s office and the Center for Science in the Public Interest, an advocacy group that has been critical of the food industry.
“This whole effort has momentum because of the variety of interests that have come together who do not usually find agreement,” said Susan Neely, president of the beverage association.
Some parents and nutritionists are angry that states will not be able to enact even tougher limits.
“My little fights in school districts are just going to be harder and harder because they’ll say, Well, here are the federal guidelines,” said Dr. Susan Rubin of Chappaqua, N.Y., a nutritionist who helped found the Better School Food advocacy group.
“It’s crazy to think we are going to fix children’s health just by letting companies sell schoolchildren smaller portions of Gatorade and baked chips,” she said.
Margo Wootan, director of nutrition policy at the Center for Science in the Public Interest, has long been a critic of companies that produce food that she considers unhealthy and of government policy toward them.
That is why some of the center’s allies were surprised that Ms. Wootan had worked so closely with manufacturers on the standards. Conversely, she was surprised to find herself on the defensive for finally arranging food limits that actually have a good chance at becoming law.
“I do not understand why some groups would try to stand in the way of legislation that is going to get soda, snack cakes and other high-fat, high-salt food out of virtually all schools,” she said.
http://www.nytimes.com/2007/12/02/us/02school.html?_r=2&hp=&adxnnl=1&oref=slogin&adxnnlx=1196539768-yjhd6g8Y4f/izOLCAYYNSQ&pagewanted=print&oref=slogin
Sorry, never received it. Thanks though!
I just sent Mr. Guy Vinci an email asking about those 6 billion shares in escrow for the Garden purchase.
Last week, I got a reply back from Corr on my email to him asking about the fate of the 6 billion shares put in escrow for Garden & the GA water plant (that is the ONLY question I asked). I usually don't post a private reply without permission but the reply didn't answer a damn thing - except to maybe explain the new investor relations person.
Since we have a share price that is low, we arranged capital to complete the garden deal. We still have treasury stock available. I am the president of Rush Net Inc. and I would like to take more time to answer all of the questions that you have presented but at this time we are very busy. So, press releases will be coming out that address most of the quetions. We have 5000 stockholders and some of them ask lots of questions, we are planning to hire a full time person to help us in this area. Have a nice holiday !
Why do I get the feeling that "have a nice holiday" was code for "f^%$ off"!
My fear is that Corr & company are manipulating the trading price, setting it at an artificial high.
When (and IF!!) we get a divy, stockholders will be much more willing to settle for less shares if the price is higher. Instead of getting a 1000 to 1 at a logical price, we will get 10 to 1 at an inflated price that can't and won't be sustained.
No accusations, just fears for now.
Anyone know what will happen with the 6 billion shares that were put in escrow? Since the Garden deal was never completed with RSHN will the shares used for that now be retired?
RushNet Increases Authorized Shares, Will Pledge Securities
Business Wire, August 3, 2007
BLUE ISLAND, Ill. -- RushNet, Inc. (RSHN) has increased its authorized shares this week by 6 Billion in order to complete its purchase of Garden Beverage as well as the upcoming joint venture investment in Amicalola Water Co. Both will require a substantial pledge of RushNet, Inc. securities as part of the company's participation. The additional authorized shares encompass a large amount of restricted shares to be held in escrow, pending the completion of both investments.
Robert Corr, President of RushNet, stated: "Unfortunately, the weak share price has left us no alternative but to increase our total authorized shares to 12 Billion. It had been our expectation that the share price would have been higher at this point and thereby kept the approaching share issuance to a smaller amount. But due to the Agreement we have in place with Garden, and our proposed investment agreement upcoming in Amicalola, we were forced to issue substantially more shares than planned to maintain the dollar equivalence of the pledged securities."
Robert Corr went on further to state: "While it may appear out of line to some, this increase in authorized shares is vital for us to implement our strategic development plan. The additional bottling capacity, and an optimum water source for e-water[R] at Amicalola, as well as strengthening our Midwest regional distribution impact through Garden, will foster long term growth and value to both the company and its investors."
http://findarticles.com/p/articles/mi_m0EIN/is_2007_August_3/ai_n19395632
The official lies about Garden
RushNet, Inc Buys Chicago Beverage Distributor (Apr 17, 2007)
BLUE ISLAND, Ill.--(BUSINESS WIRE)--RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that the company has signed a contract to acquire the assets of Garden Beverage, Inc., a Metro-Chicago beverage distributor. Garden Beverage will become a subsidiary of RushNet, Inc in an acquisition that was financed entirely by RushNet. The very capable Garden Beverage management team will continue to operate this growing distributorship through the transition period, and they will also play an integral role in the future direction and operation of the three year old company.
Garden Beverage hit its 2006 sales projection with revenues in excess of $5 million, and sales during Q1 of 2007 exceeded those for the same period in 2006. RushNet is implementing an aggressive growth strategy for Garden in 2007 that includes both an expanded distribution territory and deeper penetration into their existing territory for the fine, high-performing brands they handle. Additionally, two new divisions are being created that will focus on health-orientated Specialty Beverages and On-Premise sales. To support all of the above RushNet intends to add additional personnel and trucks to meet the anticipated demand in the 2007 summer beverage season.
RushNet President Robert Corr stated: “I’m glad we got this deal done as it, importantly, gives us a division focused entirely on distribution in our home market. Garden Beverage is an inspired company and has grown impressively in a short time to become a real factor in the beverages it distributes. I am looking forward to working with all of the people there to help take them to the next level. As I’ve stated before it’s only by controlling your distribution that a company ensures its success and longevity in the beverage industry. In the 3rd largest market in the U.S. we now have that platform, and it will give the people at Garden and the brands they carry, along with RushNet’s marketed brands, the deeper market penetration and rich growth.”
He continued, “It’s a fine opportunity now for RushNet and its shareholders to see real appreciation in their investments in the future. Some proposed deals turn out to not be in the best interests of shareholders, i.e. burdensome debt and ownership dilution, and we back away from them like the brewery acquisition and PPM announced last year. However, we continue to explore other opportunities in the manufacturing of beverages which would be the third phase of RushNet’s long- term growth strategy, distribution is the second. We got the Garden deal done in eight months, which is within the customary window for such things. I want to thank our shareholders for their patience and support of us."
http://home.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIEW_POPUP_TYPE&newsId=...
Genius or a glutton for punishment?
I'll see your Divy PR and raise you one "never mind on the divy" PR
http://www.allbusiness.com/services/business-services/4007574-1.html
Another note on the deep aquifer, with Georgia going through a drought I would think that this humus water becomes more valuable
Ever hear of eminent domain?