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People have been saying that for several months now, and Corr is not delivering.
Several months from now, people will keep telling ya Rushnet is a can't miss... Awesome stock.
Bottom line is, Rushnet is not the Gem people claim it to be.
Corr is a pumper.
Ginseng Rush has been out for 28+ years, many many more months/years do we have to wait, until he can deliver?
2009?
Alot of people need to avg down, because sooo many are taking a loss on Rushnet.
Hope we get some PR fluff soon, or the pps could tick down a few more.
Obviously, the company is good for throwing us a fluff bone every few weeks or a month.
And since it is almost a month since the last PR, it is very easy to speculate that a PR is coming.
I am sure they will have a fluff PR lined up for us.
I personally think he is holding back information.
If you guys want updates, or ask the man himself.
Why not call HQ and ask for his cell phone number and give him a cell.
He says he doesnt mind investor calls, so people who call in are not bothering him,
Spreading rumors now?
Another PR and the pps goes down. I think the market is tired of the fluff PR's.
Good, I am glad someone is doing something proactive and calling HQ.
We need updates.
He has not been updating us lately, and look at the pps 0.0016.
Another good post.
$500,000 seems like a big downsizing move, if they are growing rapidly, why are they cutting labor?
Sounds like a contradiction.
Awesome teamwork David.
I agree with my teammate Shorts, this does look like downsizing and the stock is down today, so the investors are not too pleased with this PR.
They are reducing labor, this is definitely downsizing.
Yes, many longs are frustrated, because Turek is not delivering.
If Turek wants to fight back, why is he not doing so?
I thought things were suppose to happen in Sept. Like a buyback.
Remember he said they increased the A/S to 13.5 billion as a partial reason for doing a buy-back where there was a 2 for 1 swap for preferred shares to reduce the share count.
Any guesses on why Turek is stalling?
I totally agree with you David, they retire then dilute, then maybe dilute some more. So confusing.
Corr is lagging too, so slow with updates, many longs are frustrated and with good reason.
I think Rushnet is ready to tank, it seems the buyers have dried up and soon will the stock price.
Hey David, why don't you bring the wife over tomorrow night and we will have dinner at my place. We can watch the game, on my big-screen.
Peace, your boy
Bob
Your right Corr may not be stupid, but he sure is incompetant.
Good point, when the buyers stop coming as Rushnet gets more and more lame. With all talk and no walk.
There will be little buyers, and the pps will tank,.
you are a pumper, give it a rest.
Rushnet is not as good as people thought,
Ohh I spoke to him alright.
He told me AppleRush dividend was 15%
And Japan Contract was being negotiated for about 100 trucks.
I don't mean currently, but when Corr started Rushnet he sold shares to investors to fund the company.
Think about it. Try to twist this now.
No one is whining, just face the facts. Corr is a bad CEO.
Suckers your money in to pay for his business.
I am not saying it is time for PR's, but from direct phone conversations with Corr. Corr said the NOBO/OBO number results that were being checked against DTC were due any day now.
This was over 2 weeks ago.
I am just telling it to you straight. Corr says many things, and doesnt live up to them.
Remember the new website date? how many weeks late are we now?
How late is the brewery update now? We were suppose to hear news mid-summer.
Maybe we are waiting for Lynch still, is he still in prison?
The company seems pretty tight lipped about the 10-Q's these days, and releases Semco fluff to try to keep the pps afloat.
My guess is there are serious problems they can't overcome with the financials. And they are being tight lipped about it. They know if they open their mouths about any future timelines, and fail to deliver again. The pps will crash and burn until it is worthless.
I think it will be another 6 months before we know anything.
I know millions of shares, I am not a basher.
On Killerstockpicks, it is all speculation.
I am not Keynesian, or Matt Admin would have banned me here.
Stop trying to discredit people who own shares, and have some very good points about Corr.
Why does he fund his company with shareholder's hard earned money, and not update us? [instead, keep feeding us hype?]
Good post, if Corr needs more money he will simply dilute more Rushnet shares. Or dilute the new AppleRush shares (since investors only get 15%, I guess Corr gets 85%)
Your right Corr keeps hyping Rushnet, so his stock price doesn't plummet back to 2005 levels.
How come Corr doesnt inform us of bad news?
Why doesn he not tell us Lynch is out? Or Brewery is off, or Garden is off or Japan is off?
Corr doesnt like the tough questions.
You like to hype up a company don't you?
Have we actually landed a Japan contract? NO! that PR was fluff.
Have we actually landed China? NO!
Why do we only get 66% instead of 100%???
Corr suckered our money.
Rushnet is hype, and doesnt deliver.
Who said the NOBO would be 90 days?
I think you have it mixed up with AppleRush taking 90 days.
NOBO lists were in like 3 weeks ago. I personally called Corr over 2 weeks ago, and he said final results should be in anyday. And this was 2 weeks ago.
I think he just suckered our money.
Investor money is paying the bills.
Your exactly right, a whole long list of broken promises.
He funds his "pet" company, with shareholders hard earned money.
He has taken alot of money thru dilution and selling shares, and we get nothing but delays and more delays.
When we want answers, we just get more hype and more hype.
rushnet is hype.
I am not key.
Corr says many things, and when they don't go his way, he stops talking about them and hope they sweep under the carpet.
So much hype about Lynch, Brewery, Japan.
We need to hold him accountable. Why no updates about Lynch or Brewery?
Even if the Lynch and Brewery deals are off, why does he not give loyal shareholders the bad news?
His character is questionable.
You are wrong DTL, it is part of operating expenses.
From pinksheets.com, Q1 2006 unaudited.
Revenue $1.8 million
COGS $1.145 million
Gross profit $684,000
operating expense ($10.068 million)
loss from operations $9.3 million
Under the general accepted accounting principles. Revenue was $1.8 million, and loss from operations $9.3 million. It was done correctly.
Net loss = $9.4 million.
These are right from pinksheets.com.
The big $9million dollar loss is justified.
You can't just say expenses, don't count, just because you dont like it.
the Q1 2006, does indeed count the beneficial interest as an operating expense.
It might be shorts covering.
Why not short at 0.01, cover at 0.0008 what a bargain.
Either way, it doesnt do the stock too good if it sint moving the pps up
I am not keynesian.
Corr is a liar though, he says alot of things to which he lies.
He lied about the Brewery, the website.... probably many other things too.
He has let us down, and the pps sucks because of it.
I am not key, but the truth does hurt.
Rushnet may not be the gem, alot of people had hoped.
There is just alot of competition out there, and Rushnet may be the little guy who couldn't do.
Where is the Japan deal? Ever think that Rushnet may never land the Japan deal?
Originally ginseng rush, now no ginseng rush... replaced with E-water. Who knows maybe he will lose the e-water deal too, nothing is signed.
I don't think there will be a PR next week. I think MM's will tick the price down to 0.0015
I think Corr is witholding news.
I talked to him well over 2 weeks ago, NOBO/OBO was to be finished anyday now he says.. this was 2 weeks ago.
Corr give us the news, good or bad.
This website is weeks late, I guess another broken promise by Corr.
He says things and doesn't not deliver. Not too much of a character guy.
And if it doesn't, you will hope the PR drought ends the following week too.
Maybe they will give us a fluff PR to hold us off for another 3-4 weeks.
I know that the company is late with its filings, also lies to shareholder's. Has a huge list of broken promises.
And its pps is crashing and burning.
There most recent unaudited Q1 2006, says they lost over $9 million dollars.
Its gonna take a whole lot of dilution to make up for a $9 million + net loss
Enough with the personal attacks.
Your proof is worthless.
Leave my bro flafyersfan out of this, your just mad because the stock is not performing.
If the temp is too hot for you, get out of the kitchen.
The better question is who is selling these shares at 0.0008,
maybe it is shorters covering.
If company A shorted PLNI at 0.005, and covered at 0.0008
This would be a wise plan, and wouldnt have to worry about a short squeeze ./
I agree, I phoned Corr like more than 2 weeks ago.
At that time, he told me the NOBO/OBO results would be any day now.
I will call him next week, to ask him what is with the delays.
Something is probably wrong, someone should call HQ and ask him why its taking so long for the NOBO/OBO updates, and also whats taking so long for the Applerush update.
I am not Keynesian, just because we both are from Canada doesnt mean we are the same person.
Get a life, and go witchunting somewhere else.
corr is withholding news.
Maybe its bad news, thats why hes not releasing it
I love my Ginseng Rush XXX, w/ seasoned chicken breast, roasted potatoes and an assortment of green vegetables.
Once distribution gets better, Rushnet will make us all rich.
I expect 5 cents minimum by April.
No No, its not true. Matt_Admin banned keynesian for good, I have been verified by Matt Admin.
I am calling Corr next week to do some DD for you guys.
Dont believe AK, hes a hater.
I hear ya, $1 is ridiculous, we might see 0.02 before $1
Calbay is a high risk penny stock, who doesnt even file financials on time.