RushNet Inc (RSHN)

[$PennyMover]

From the most recent filing......05/20/2019

NOTE 10 - SUBSEQUENT EVENT The Company entered into a tentative agreement to terminate the August 1, 2018 agreement for the acquisition of a 12½% interest in a 15-acre cannabis farming, harvesting, processing, extraction and product infusion operation in Colorado, and 12½% interest in certain water rights, independently appraised at $40,500,000. Instead, the Company feels that it is in its best interest and the best interest of its shareholders to instead pursue and use its resources to acquire a somewhat similar but much more robust set of rights in connection with a plan involving many more acres and a much larger aquifer. This replacement endeavor is with the Company’s joint venture participant, New Earth Development Corporation. The principal focus of New Earth Development Corporation, by contrast, is hemp farming, for the production of biomass, including the production of graphene through hemp cultivation and processing. Graphene is superconductive, extremely lightweight and the hardest substance known to mankind. It is a rare earth, currently only available by mining efforts. This new/substitute venture seeks to develop High Performance Active Carbon materials, high-strength, reinforced carbon fiber and bio resin plastic, including as a bio-carbon neutral fuel source. The Company intends to do so while partnering with Manchester University, Harper International and the US Department of Energy. The facility is in Arizona with 500,000 acres available for growing. It also includes 2,000,000,000,000 gallons of water available for farming and processing of hemp, as well as for sale to third parties

$RSHN