Friday, July 26, 2019 12:46:40 PM
We all know not much will happen today. It was a funny little fake out this morning on the $12.50 trade for 25k .0005s. The only 5s since 7/10 and 7/11 when they hit. Now everyone wants 5s as seen on the bid. That is how the MMS entice selling, however it doesn't look like any big longs are losing patience enough to whack the bid.
On days like this, I like to revisit my DD, sharpen it up if I can, or just reassure myself. Here is one piece of confirmation regarding the correct Authorized Shares is 9 Billion and not 12 billion. Follow the publicly filed documents.....
9/27/18
Rushnet, Inc. changes name to Rushnet Transition, Inc.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151001762&fileId=20181767365
9/27/18
Articles of Incorporation; Rush Merger Sub, Inc. (<----A NEW COMPANY IS FORMED, also with 12 billion shares and 50 million preferred), matching the other share structures of RUshnet/Rushnet Transition)
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768411&fileId=20181768411
9/27/18
Articles of Incorporation; Rushnet, Inc. (<----IS THIS A NEW RUSHNET INC with the matching 12billion share structure. This document does not state that the shares are traded on the otc market under RSHN like the others)
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20181768333
10/15/18
Statement of Merger
Rushnet Transition Inc. (formerly the old Rushnet,Inc which is our shares) merges with Rush Merger Sub, Inc, and survives as Rush Merger Sub, Inc under Rushnet, Inc (aka Holdco) and Rushnet, Inc./Holdco becomes the public company holding the shares as stated in this merger document)
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768411&fileId=20181810451
10/15/18
PR comes about slashing Authorized Shares
https://www.globenewswire.com/news-release/2018/10/25/1627360/0/en/RushNet-Inc-Slashes-Authorized-Shares-and-Outstanding-Shares-Calculated-on-a-Fully-Diluted-Basis-by-79.html
Now comes 11/15/18
Articles of Amendment; Rushnet, Inc. changes Shares to 9,000,000,000.
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20181893194
It is somewhat understandable that it could be confused with 12 Billion, but in my opinino based on these facts, we're at 9 Billion Authorized. OTC changed it to 9 Billion once, but then changed it back. Likely the Transfer agent is confused, and just needs to be shown this information.
Anyone have any thoughts or disagree with this?
All posts are my own opinion.
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