Replies to post #58875 on RushNet Inc (RSHN)

[Daniel Plainview]

All Old News !

[Beamer00]

Being near impossible to do a reverse split sounds good to me. :)

[dealerschool2006]

so will SEC halt RSHN for corporate theft, or can POTN and the Gouldings buy the shares outright, what difference does it make whether the license was revoked as long as the company is transferred to a new state and the back fees are paid...NV SOS can reinstate the charter for RSHN...then FINRA won't have a say in it...must call NV SOS to confirm, yes???

[crowin]

Thanks nodummy for exposing RSHN

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142209363

[stervc]

Why it's "Not" Corporate Identity Theft with RSHN...

Randall (Randy) S. Goulding is the lawyer here for RSHN and POTN. He has been in trouble with the law and with the SEC in the past and he has positively come through with being able to continue to practice law. By law, he was deemed to still be in good standing. That's a good thing in my opinion because we know, just like he knows, that everything he does will always be scrutinized under a microscope. That's why I believe that everything that has been done is done so correctly here with RSHN, POTN, or any stock where he's the securities attorney. As a lawyer, he still remains in good standing with the Illinois Bar Association and also actively practices before the SEC.

Significantly, none of that affects or even has affected his right to practice before the SEC or his ability to do so. None of those previous issues dealt with the Securities Act of 1933 or the Securities Exchange Act of 1934. Indeed, within the past year, he has had two different Regulation A offerings declared effective by the SEC, the last one within 63 days of filing. I believe we are in very good hands since he has moved forward since then.

Here with RSHN and POTN, it's not Corporate Identity Theft and here's why it's not.

This is the old RSHN that was under the Nevada Secretary of State (SOS) filings:
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=MFQx62P7HOpIaNS4sAODQQ%253d%253d&nt7=0

This is the new RSHN that is now under the Colorado Secretary of State (SOS) filings:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151001762&fileId=20181523636

Robert (Bob) Corr had the initial control of RSHN, as seen from the NV SOS filing above. Then the control was transferred over to Marhalo, Inc. in 2016 who then later passed the control over to POTN which is confirmed from the emails below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138410284
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138385397
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137624016

$RSHN OMFG, $RSHN was transitioning to Marhalo Inc. (see, OTC Markets under company profile) and they sold the company to $POTN. Here is the proof. Going to copper!! 🚀🚀🚀 $BIOAQ $DRUS $EQLB $CMGO $VATE $HEMP $ERBB pic.twitter.com/8BB48Oppq5

— WarShark (@thewarshark) July 15, 2018

While under the control of Marhalo, Inc., Randolph S Hudson was given authorization to help with making administrative changes. He was given the title pf Authorized Representative as you have directly indicated such within your post of which I’m responding to:


This is why you might have seen his name on things as if he had control, but he did not have control of RSHN. He was only an Authorized Representative. He never stole RSHN. He was simply performing some of the administrative duties to help out with RSHN. I have seen this done several times by companies within the market. When he did the paperwork to transition RSHN from NV SOS to the CO SOS, he was only doing an administrative duty to help out Marhalo, Inc. and POTN. He has been relieved of his administrative duties for doing such because RSHN is now close to operationally moving forward which is why you now see the CEO of POTN (Dr. Richard Goulding) now doing the administrative work per his signature on the Colorado SOS filing below:
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20151001762&fileId=20181523636

Randolph S Hudson never hijacked or tried to steal RSHN. The governing authority was owned by Marhalo, Inc. who controlled RSHN who then passed the control over to POTN.

As for the debt that is still showing from the NV SOS website, I believe the fee is a tax debt. As long as the debt shows up on the books (within their pending financials), then everything is fine. From what I have learned after researching and asking a few questions, the debt will be shown within their upcoming financials. They just can't abandon the debt as if it was extinguished or never existed as if they are trying to hide from the debt. Then it will look like and/or could then be considered a type of Corporate Identity Theft, but even still such would be debatable.

Also, more important, the previous owner of RSHN would have to be claiming that the entity was stolen. That is not the case either as the previous owner (Marhalo, Inc.) clearly stated that they sold the entity to POTN. So nothing was ever stolen or hijacked here.

Important too is that you have to look at the intent. The management on both sides of RSHN and POTN have made it very clear that this is the same RSHN that has been redomiciled to Colorado that was previously domiciled in Nevada. They are neither not hiding from this nor denying the move or the previous debt from the NV SOS. The most FINRA could do is to make them go back and pay the debt… eventually… or make them go back to be domiciled in Nevada until it is paid then go redomicile back to Colorado. The simplest thing to do would be for the company to pay the debt. Again, as long as they indicate the debt on their upcoming financials, then the ”intent” to pay is there and FINRA would probably just leave them alone, but keep a close eye on them.

Here's a good article to help add clarity on Corporate Identity Theft as such clearly does not apply here with either RSHN or POTN:
http://blogs.reuters.com/financial-regulatory-forum/2011/11/07/corporate-identity-theft-a-new-realm-in-risk-management/

v/r
Sterling