RushNet Inc (RSHN)

[EHRjunkie]

Off course you all read the latest filed 10Q of STNT as of 10/31/2019. Read this on page 22, really funny, this is how you paint the balance sheet:

"During the three-month period ended October 31, 2019, the Company issued a total of 23,935,000 shares
of its common stock to extinguish $41,700 of loan principal and $570 of accrued and unpaid
interest. The net effect was a $42,270 reduction in notes payable and accrued and unpaid interest
on the Company’s balance sheet as of October 31, 2019. In addition, the Company recorded a
$55,495,230 loss on extinguishment of debt in its statement of operations for the three-month
period ended October 31, 2019."

So first you issue almost 24 million shares to extinguish $42,270 debt, that's 0.0017612 per share. Then you value those shares at $55 million by multiplying the shares with the STNT closing prices (between $1.70 and $3.50).

Now that's how you do it!

https://backend.otcmarkets.com/otcapi/company/financial-report/237506/content