Real RSHN due diligence courtesy of nodummy: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142209363
It's called Corporate Identity Theft. That's a good observation and one that FINRA will probably have a great interest in if RSHN ever files for a corporate action request (name/symbol change, reverse split).
RSHN was always a Nevada business entity https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=MFQx62P7HOpIaNS4sAODQQ%253d%253d&nt7=0
In 2010 it got revoked after failing to file an annual report for 2 straight years.
You can clearly see that the entity was never reinstated https://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=MFQx62P7HOpIaNS4sAODQQ%253d%253d&CorpName=RUSHNET+INC
Instead Randolph S Hudson used tax fraud and corporate identity theft to steal the RSHN shell. Tax Fraud is where you don't pay the business taxes owed to the state of domicile (in this case Nevada). Corporate identity theft is where instead of curing the delinquency of the shell in its proper domicile (in this case Nevada), you make a new entity in a different state as a way to steal the shell. Both Tax Fraud and Corporate identity theft are illegal.
You can clearly see that Randolph S Hudson made a new entity in Colorado named Rushnet Inc in 2015 instead of paying the back taxes and Nevada and curing the Nevada entity. https://www.sos.state.co.us/biz/BusinessEntityDetail.do?entityId2=6003597 https://promotionstocksecrets.com/wp-content/uploads/2018/07/RSHNcorporateidentitytheft.pdf
You can see in the above link that when Randolph S Hudson created Rushnet Inc in Colorado he signed as the representative of the Nevada Rushnet Inc entity which he was not since Rushnet Inc - Nevada was still revoked and Randolph S Hudson was never added as a managing member for the entity.
RSHN is a perfect examploe of corporate identity theft.
I will definitely send a note to the corporate action people at FINRA to make sure they are aware that RSHN was never properly moved from Nevada and technically is still a revoked Nevada business entity.
A few years back, Randolph Hudson and his former partner, Michael P Grande, went through a phase where they took over (or attempted to take over) a bunch of old bloated dirty abandoned/abused shells [HFBG (grey sheets), ENTI, APRU (old Big Apple scam), CWIR, ECGR, IDGC, YDGE/DMGM (which no longer trades), and RLAB].
Now it looks like Hudson has passed his illegally hijacked RHSN shell to the Goulding family (Richard Goudling, Randall Goulding, and David Goulding). The Gouldings are the true master minds of the POTN massive pump&dump scheme. So it looks like people speculating that there was a connection between RSHN and POTN were right.The Gouldings have been running pump&dumps on a dozen plus penny stocks going back some 20 years. The Gouldings have an SEC Complaint and even an Indictment under their belts https://www.courtlistener.com/opinion/672079/united-states-v-randall-s-goulding-and-michael-m-u/ http://www.sec.gov/litigation/litreleases/2009/lr20972.htm https://www.sec.gov/litigation/complaints/2009/comp20972.pdf http://www.scribd.com/doc/123610652/amendedgouldingcomplaint#scribd
The Gouldings have quite the dirty history and POTN has been as dirty as any with months of paid promotions while insiders have been converting debt at $.003/share and slowly selling it into the market.
I did a little bit of old research on POTN back when it hit $.95/share https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138041101
RSHN still carries a massive float some where close to 8 billion shares (which will limit how much it can climb) and is still a no information pink sheet ticker (did Hudson or Goulding add any dirty convertible debt Notes to the balance sheet?). I guess time will tell what their plans with RSHN will be (some Knockout Punch beverage thing?). But if the Gouldings are really wanting to use the illegally hijacked RSHN shell like POTN then they will probably try to do a reverse split which might prove impossible unless they go back and properly take care of the Nevada business entity that still legally belongs to this shell.