RushNet Inc (RSHN)

[JoshTaeger]

It's a very nice entry point. I agree. But it reads like SHMP redux. I will try to put that aside as I continue to watch RSHN...and hope for a nice bump in the pps.

There are a lot of big-picture questions to address in the future. One shrimp farm isn't enough to support a publicly-traded company, so what's the goal? IS Fuel Technologies looking for an opportunity to go public and sell their "tech" to other shrimp farms. That approach has been tried, but from what I'm aware of, not very successfully. Is RSHN looking to create shrimp farms in other locations? Including indoor locations? Those situations introduce a whole new set of costs to consider. I imagine land doesn't get much cheaper than AZ...unless you're talking about TX.

BTW, 90-day cycles is what SHMP claimed they coul do. But SHMP's "tech" doesn't appear to be up to the task.

So, how many 96m2 raceways can RSHN grow to in AZ? If each raceway can produce 1000 pounds of shrimp every 90 days, that's 4000 lb per year. At what price? $5 per pound? Frozen? (Ignoring the additional costs for quick-freeze equipment and storage facilities). Let's say $5. That's $20K per raceway per year (using the 505 mortality estimate). Want $1M in annual sales? That's 50 raceways. $10M? 500 raceways (stack 'em up).

But where's the growth going to come from? The market cap is already $4.3M. It's going to take more than $10M in annual revenue to generate growth.

Just throwing out ideas and questions.