RushNet Inc (RSHN)

[Penny Grabber]

Financials are a disaster.

Allowance for doubtful accounts in AR is 85% of the total AR (1.7M).

Current debt obligations in 2022 unpaid are nearing 3M (80k cash on hand).

Direct labor costs year over year almost tripled.

SGA costs over doubled.

Transparency would be breaking down the 2.5M in those 2 categories you are burning through every 90 days.

80%+ of all company assets chalked up into "good will".

Without Finra approval and a cash infusion of Millions (billions of rshn shares) or a Helios IPO immediately, continuing operations will require restructuring, and in most cases, bankruptcy.

That's reality....