RushNet Inc (RSHN)

[D-Money6]

With the new wording "term sheet" (a non-binding preliminary agreement), the $20m funding is not necessarily going to be done through a Reg A offering, where shares would be added/diluted. Therefore, it is hopeful that this is a preferred share situation (the funder gets ownership equity) and potentially annual dividends), and that zero shares will be added to the common shares.

There is no way they would add any amount of shares to common at this point, and the person funding them would not do it if there was any potential for R/S.

We must wait and see the details about the funding.