RushNet Inc (RSHN)

[D-Money6]

"There is no cash or shares with which to offer as consideration for any acquisition. Management have not made any loans to the company or it would be mentioned in the filings.
How can RSHN make any viable acquisition?
Thoughts?

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Milton, You are WRONG here. You are misleading investors. Here are the FACTS (which have been posted here before).

RSHN
During the year ended December 31, 2018, shareholders loaned $96,415 to the Company. The loan is set to compound annually based upon the Applicable Federal Rate for short-term loans effective for September 2018 as published by the Internal Revenue Service. As of September 30, 2018, that rate was 2.51%. BTW, retail/regular shareholders wouldn't loan money, Obviously a big cheese or one of the insiders probably loaned it. (Note 6)
https://backend.otcmarkets.com/otcapi/company/financial-report/217016/content

GR*S
"During the year ended December 31, 2018 Richard Goulding, the Chairman of the Board, loaned the Company $37,722 to the company. The loan is set to compound annually based upon the Applicable Federal Rate for short-term loans effective for September 2018 as published by the Internal Revenue Service. As of September 30, 2018, that rate was 2.51%." (Page 10)
https://backend.otcmarkets.com/otcapi/company/financial-report/215235/content

As for issuing new shares, you are wrong again. See here from the 2018 Annual Report

"The number of issued and outstanding shares was 7,729,739,834 of .0001 par value for the year, ended December 31, 2018. Additionally, the Company entered into an agreement to issue 1,100,000 shares of common stock to acquire an interest in a joint venture (See Note 8 for
additional information). In December, the Company reached an agreement to sell an additional 50,000,000 shares in exchange for $50,000. As of December 31, 2018, neither of the transactions were completed.
(Note 2) https://backend.otcmarkets.com/otcapi/company/financial-report/217016/content

While its obviously not ideal to issue more shares, they will be doing so as a few of these acquisitions are closed.


RSHN