Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah AS increase was expected, the OS increase was the slightly conerning part. Did he mention anything about prior noteholders?
Wow NFT news! Should be very interesting next week.
https://www.einpresswire.com/article/539926488/hpil-holding-announces-the-acquisition-of-fifty-one-percent-of-nft-procurement-ltd
GGI* is the big merger play right now. Once that cools off I think we should be next.
Very impressive resume indeed! Will have to slap the ask tomorrow! Don't think it stays at these prices for too much longer.
Nice! Great News...looking forward to tomorrow!
Agreed! Transparency is key.
Also, regarding the RS - main concern with a RS is dilution after the OS is reduced. Here the AS will be significantly reduced as well and CEO has promised no dilution! The Market cap is significantly undervalued here and the only way MC will go up without dilution/OS increase is with an increase in the share price.
Great post! Just wondering if you've seen them mention merger anywhere? From the looks of this article, looks like they'll be directly listing on the CSE?
https://www.newswire.ca/news-releases/zoglo-s-incredible-food-corp-announces-successful-completion-of-private-placement-acquisition-and-filing-of-preliminary-prospectus-as-it-focuses-on-innovative-growth-830208572.html
One difference is that StopDrops was not an established company with millions in revenue and profit.
It's pretty clear from CFGN eating up endless slaps on the ask and the fact that they mentioned in the interview yesterday that the company still has notes from previous management.
Yup it's all the dilution/note holders from previous management converting as they mentioned in the interview. Already diluted 3B+ shares this year, wonder how much more they got. But once they're done this could really take off.
They also did mention somewhere that they've been mostly using profits to fund their growth and expand their line of equipment instead of taking on loans/convertible notes. Looking forward to the official filing.
Nice! $1M+ revenue for Q1, no debt, and major expenses pretty much taken care of. Should see big revenue and profit the rest of the year!
Yup, new company seems very transparent and is providing regular updates! 2021 should be a good year for RSHN!
Yup looks like a solid company taking over from all accounts. Looking forward to all the updates!
Thank you, same here. Go RSHN!
RSHN DD Pack - March 31st 2021
https://drive.google.com/file/d/1N-a8tGIeYWd8lDse61kfLg8gL0jsALSi/view
Quick Summary
- RSHN is being taken over by HeliosDx – a profitable company with over $4M in revenues in 2020 and $1.3M EBITDA and expecting upwards of $6M in 2021
- Helios is expanding their lab testing business rapidly and also getting into CBD with GRPS
- Company has contracts across the country and is getting into the exciting field of genetic testing later this year
- A reverse split is planned (the most bullish RS I’ve seen) which will reduce the OS by 1:100 and the AS by 1:90, mainly to improve the SS
- CEO has confirmed no dilution will take place
- The company plans to organically grow after the RS with eventual plans to up list to a more reputable exchange
- The company will spinoff the existing RSHN assets into another company which RSHN shareholders will get shares of as part of a dividend – shareholders would then own shares in both HeliosDx and the new RSHN
- Company is working on getting RSHN Pink Current as soon as possible
- A $7M Market Cap here is grossly undervalued - there is not a single stock in this price range that makes $4M+ in revenue and is actually profitable
- I have been in touch with the CEO through email and he is very responsive and tries to answer questions as best he can – he is not your typical scammy/pumpy OTC CEO and is careful to disclose only publicly available information in order to not put his company in trouble with the SEC
- He seems very knowledge about the industry they’re in and is confident in the company’s ability to expand and eventually trade on a higher exchange
Company Info:
- Current Website: http://www.chattahoocheelabs.com/
- New Website: http://heliosdx.com/
- Twitter: https://twitter.com/dx_helios
- Company LinkedIn: https://www.linkedin.com/company/cpls/
- CEO LinkedIn: https://www.linkedin.com/in/ashley-sweat-89b96821/
- Latest PR: https://www.newsfilecorp.com/release/79021
1) HeliosDx Takeover
- Ticker has been taken over by HeliosDx (currently known as Chattahoochee Labs) and a name change of Rushnet to HeliosDx has been filed with the Colorado SOS
- RSHN (Now HeliosDx) is Active and in Good Standing with the State of Colorado
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20211307512
- Chattahoochee Labs has been in business in Florida since 2016 and has always been in good standing with the state
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=PreviousList&searchNameOrder=CHATTAHOOCHEEPHYSICIANSLABORAT%20L160000598370&aggregateId=flal-l16000059837-cbe5d0a5-18e9-42a3-af03-95850a1e4f4e&searchTerm=CHATTAHOOCHEE%20WOMAN%27S%20CLUB%2C%20INC.&listNameOrder=CHATTAHOOCHEEPATIOCARE%20G828510
2) HeliosDx business operations
- Chattahoochee revenues have been increasing at around 50% year over year
- Have been in continuous operations since 2016
- $4.3M revenues in 2020 with $1.3M EBITDA, expecting $6M in 2021
- The company is actually profitable! – This is very rare in the OTC, especially for a stock still in trips! I’ve yet to find another stock below 0.005 with an Operating Income above $1M
- Company is a medical testing laboratory offering various tests including urine/blood testing, Covid-19 Testing (can process 1500 daily), and Genetic testing among others
- They are expanding having recently acquired additional equipment to increase their capacity for Toxicology and Genetic testing
- Company has lab contracts across the country and several offices
- They were recently hiring Lab Sales Reps across the country with a salary of $125K+
- PGx genetic testing is coming in Q2 2021
http://www.chattahoocheelabs.com/update/
https://www.linkedin.com/company/cpls/
https://www.linkedin.com/jobs/view/2002728073/?refId=ul7pkzj7RaSSEbw6LrfAiw%3D%3D
3) Offices
- Billing Office: Grandeza Healthcare Consultants 9218 Dayton Pike Ste 116 Soddy Daisy TN 37379
https://twitter.com/dx_helios/status/1376554163488882690
https://www.chattanoogan.com/2020/6/8/410193/New-Hamilton-County-Business-Licenses.aspx
- Primary testing laboratory: 1122 Cambridge Square Suite E & F Alpharetta, GA 30009
- I noticed on the Chattahoochee website their lab address is listed only for Suite E, but on the new HeliosDx website it states both suites E and F – perhaps another sign that they are expanding?
4) Share Structure
- Current AS is 9B and OS is 7.7B
- Despite a hefty OS, this only puts us at a market cap of only 7M – highly undervalued in my opinion
- With the merger with Helios, a 1:100 RS will take place
- New AS will be 100M and OS will be 85M
- More on the RS below
5) Reverse Split
- Yes, we have a good ol’ reverse split coming here (1:100)
- A lot of folks run away upon hearing the slightest hint of a RS
- In a typical reverse split with these OTC companies, they only reduce the OS while keeping the same bloated AS and the dilution engine starts
- In my opinion, the reverse split here is a bullish move for the reasons below:
o We will have a much cleaner share structure
o The Authorized Shares are also being reduced by almost the same ratio (1:90)
o CEO has confirmed No Dilution
o CEO has confirmed the RS was primarily to clean up the SS and eventually up list to a higher exchange!
6) Pink Current/Name & Symbol change
- HeliosDx Twitter has confirmed the company is working actively to bring RSHN Pink Current
- A name & symbol change will follow
7) Relationship with GRPS
- The new entity in addition to it’s existing lab testing business will also be involved with GRPS
- HeliosDx will be selling GRPS CBD and Nutraceutical products to it’s existing network of physicians and customers and will be receiving part of the profit from GRPS
8) RSHN Spinoff
- The company plans on spinning off the existing RSHN entity into another company
- Shareholders in RSHN would get shares in this new RSHN company as a dividend
- Shareholders would then own shares in both HeliosDx and the new RSHN
Closing Remarks
In my opinion, I believe RSHN is very undervalued here. We went from a company with minimal assets and no revenues to a company generating millions in revenue and profit. Our market cap here is very undervalued. We have plenty of updates coming from the company, including Pink Current status, expansion plans, and revenue sharing agreement with GRPS. The RS is bound to scare some folks off, but is a positive sign in my opinion and is a stepping stone for the company’s plans to up list.
I am not an expert or financial advisor, and everything stated here is my opinion only. Please do your own due diligence before investing.
Don't know if they will acquire assets or not, if they're taking over the ticker I would think they acquire both assets and liabilities. I just think that their business plan won't involve any of the old RSHN stuff. Maybe they'll sell assets to GRPS? Who knows. We'll find out more upon official announcement/filings.
The acquiring company is already an established company. From the looks of it I don't think they're going to be involved with RSHN's existing products. They're going public through the RSHN 'shell'. Even though we're not a true shell, we have zero convertible debt so that's a plus.
It should!
Yup. And still under the radar. From the looks of it doesn't look like it'll be linked to GRPS. But new company has solid revenues and is profitable. Ticker change should definitely be in the works.
Yup. Quietly optimistic here. Feeling pretty confident buying the dips on this one.
Haha I know. It's a standoff.
Should be very interesting this morning. Run up or panic sell?
Sorry beat you to it! I see something interesting, digging into it further.
Wonder if it's being held down until buying restrictions on all brokers are lifted.
Great to hear Joe. Any plans on getting a company Twitter account?
PVSP owns around $25M worth of IDGC shares looks like.
$PVSP Owns 1,425,800 of $IDGC Preferred stock. This was valued at $1,425,800 on Nov 30, 2020 - when $IDGC was trading at 0.0001. Now $IDGC is at $0.0018 - from what I can see their investment should now be worth $1,425,800 * 18 = $25,664,400!
Please correct me if I'm missing something in my assumption.
https://backend.otcmarkets.com/otcapi/company/financial-report/273761/content
Nice! Find any info on Kathryn Gavin? Didn't find much from a quick search.
Hope Min*Mar gets the CE off soon.
Resinstated. Anyone got the latest SS or any news here?
StockTwits is up!
https://stocktwits.com/symbol/UCPA
Great DD pack! Will be getting more tomorrow on any dips.
They do seem to have convertible notes according to the last 10Q...unless I'm missing something
https://www.otcmarkets.com/filing/html?id=14705312&guid=A10aUn6vbVXxz3h
News on website today - could be a while before Pink Current.
https://www.halitroninc.com/ - It's under Market Reports.
https://6ae746f4-6a98-4c26-9682-725b69bb7cd7.filesusr.com/ugd/351da9_fa03378f8d7d4c0382bc27d09453e01c.pdf
I've emailed them. Here's their email for future reference if you need to add a ticker - support@stocktwits.com.
Looks like CEO is keeping his word. Looking forward to that shareholder update regarding CE removal and business operations!
I see. The 20K was all me haha. Not a bad stock to stash and see what happens.
Why no volume here on reinstatement?