RushNet Inc (RSHN)

[sojourner]

Unfortunately, your post raises more questions than it answers. It also supports Pink Sheets LLC's campaign to get straight answers from non-reporting companies.

Re: "O/S & A/S: He says the authorized is about 6 billion, the outstanding about 3.9 billion."

Re: "He was unaware of the new pinksheets.com rating system (and indeed seemed unfamiliar with pinkseets.com), and said he’ll look into it."

1) Early this year Mr. Corr filed SEC Form 144 to sell 44 million shares. The SEC rule is pinkie insiders, from their own holdings, can sell a maximum 1% of O/S every quarter. This means the O/S in early 2007 must have been at least 4.4 billion shares.
http://www.investorshub.com/boards/read_msg.asp?message_id=19029643


2) On November 1, 2006-over eight months ago-RSHN published an O/S of 3.642974 billion shares.

http://www.pinksheets.com/quote/company_profile.jsp?symbol=RSHN
CIK: 0001087329
Outstanding Shares: 3,642,974,000 as of 2006-11-01

If current O/S is "about 3.9 billion," we must believe RSHN sold only 257 million shares into the market since November 1, 2006. That being the case, where did the money come from to buy Garden? For the Garden deal alone, RSHN supposedly placed 500 million shares in escrow.

http://www.investorshub.com/boards/read_msg.asp?message_id=18361216
http://www.investorshub.com/boards/read_msg.asp?message_id=16895073

3) On April 30, 2007, shortsinthesand, a respected poster, said he called RSHN and demanded to knowv the O/S. They told him 5.4 billion.

http://www.investorshub.com/boards/read_msg.asp?message_id=19252726

"Today I called Tom Swan the instructed number and contact person from the TA at 708-389-6625 and demanded that he tell me. after a little round Robin and after he understood that I meant business he told me that it is five billion four hundred million shares!"

4)The A/S is not "about 6 billion." A/S is exactly 6 billion. RSHN and State of Nevada both know it.

5) "Unaware of the new pinksheets.com rating system" sounds plausible for this bunch. "Unfamiliar with pinkseets.com" is virtually impossible. How can a company be unfamiliar with where their stock is listed? RSHN issued a PR about the Pink Sheets on March 29, 2006.

"RushNet, Inc. Dazzles Expo West 2006 - Attracts Major Interest from China and Hong Kong; Adds Pink Sheets Real Time Quotes
Mar 29, 2006 9:10:00 AM"

6) Then there is this intriguing post drawn from Vickers.

http://www.investorshub.com/boards/read_msg.asp?message_id=18959207
Anyone know a Mario Caballero? He just filed a FORM 144 for 5,000,000 shares. At 1% for the filing, this means Mario is holding 500,000,000 shares.

-----------------

Now we know why the T/A is gagged and why P.T. Barnum was right.