RushNet Inc (RSHN)

[Penny Grabber]

Recent news articles written in early 2024 and late 2023 discuss the over supply from Ecuador as a cause of depressing shrimp prices. Also mentioned is the ramp up from India. It is making it very difficult for farmers to turn a profit when foreign lower quality frozen shrimp flood the markets.

With the newly licensed platform through RSHN, the system increases harvesting rates up to 7x, adding drastically to the top line. From a cost standpoint: it requires a fraction of the space, is less labor intensive while operating in a more controlled environment (reducing risk of disease and lost harvests).

For the everyday shrimp farming operations, licensing through RSHN the new technologies in the space can offset pricing pressures from foreign markets and return them to profitability while providing sustainable, local, fresh shrimp to the consumer.