RushNet Inc (RSHN)

[sojourner]

entophile: Sorry you lost your money. Back in January, I did my best to explain to you, at length, that this stock was as good as dead and the APRU divy was a ruse. 'Twas ever thus. The stock had a bid at that time. To say nothing of the fact I waved all manner of bearish red flags @ .0018-.0020.

On January 6, 2008 I wrote:
http://investorshub.advfn.com/boards/replies.aspx?msg=25765616

"entophile: RSHN management has thrived and prospered at the expense of trusting and loyal shareholders who closed their eyes and hoped for the best, as history clearly shows. There are others who choose not to do so. Meanwhile, based on due diligence from APRU filings and recent reported comments by our Maestro of Bait/Switch, it appears Mr. Corr might be setting the stage for a renunciation of Rushnet, Inc, leaving investors with absolutely nothing of value...

(Note: In my view, if Corr ever offers a dividend, I expect him to frame it as a "gift" to RSHN holders, not an obligation. This is in keeping with eventual renunciation of the PR'ed 45% stake in APRU.)"

http://investorshub.advfn.com/boards/replies.aspx?msg=25765616

Chillingly prophetic, wasn't it?

Back in early January, I also told folks here, to their great consternation, that Corr had pulled the Apple RUSH license from Rushnet and deposited it with Apple Rush Inc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25866565

When I saw RSHN had dropped Apple RUSH from its stable of marketed beverages in the PRs, I knew immediately Corr had pulled the Apple RUSH marketing license. The APRU filings confirmed this.

When I saw that Corr (in the PRs) changed the unambiguous term "free-trading" (2006) to the nebulous term "direct dividend" (2007), I immediately read the coding as "restricted." Later conversations of Capinvest with management have borne this notion out.

"Apple Rush Inc acts as its own distributor and may appoint other distributors, as was announced this week. Rushnet has not been appointed as a distributor of Apple Rush Inc products. The underlined words carry specific and legal meanings in the beverage trade. Continue to believe what you wish, but belief will not make it so."

On 19 December 2007, I even suggested to diehard loyalists sell their RSHN shares before Dec 31 to get the tax loss and then buy them back, if so inclined, once they sobered up after New Year's Day.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25434379

Capinvest: Tax loss selling has likely not even begun in earnest on RSHN. After all, it is a juicy capital loss to counter realized gains (present and future) on other stocks. While there's yet still a bid (.0001), there remains opportunity to cover commission costs plus capture some proceeds. After 31 days, one could book the loss and (mindful of ongoing dumping) buy RSHN back for .0001 if so inclined. The APRU divvy? Without laughing too hard, that elusive bait is still "several months" away according to this:...
END

Recalling that ancient wisdom, one can lead a horse to water, but one can't make him drink.



















These are my opinions only. Do your DD. Buying stocks is risky.

"If we could sell our experiences for what they cost us, we'd all be millionaires." -Abigail van Buren (a/k/a Dear Abby)