Replies to post #65122 on RushNet Inc (RSHN)

[nodummy]

Actually XYZ Hemp Inc has been making some tweets since that post that changes things some so you can take that down as a sticky post. They seem clueless about what an IPO is so their conflicting/misleading statements made it hard to gauge their plans correctly.


Here is some updated DD about that so called IPO

GRPS/RSHN/ENTI - They seem clueless about what an IPO is

So now it has gone from an IPO for a private company named XYZ Hemp Inc to just a regulation A filing for GRPS to register new stock to be sold to the public?

https://twitter.com/xyzhemp/status/1022732569241104385



Taking an existing public Issuer and registering new stock to sell to the public is not an IPO (initial public offering). It's just a public offering.

What a circus. These clowns don't know how to re-domicile an entity correctly or what an IPO is.



They also seem to be saying that XYZ Hemp Inc is just going to be used with GRPS and that RSHN will have it's own separate operations.

https://twitter.com/xyzhemp/status/1022839524009955328



https://twitter.com/xyzhemp/status/1022838769089699840



Even if the Issuers work together on Joint Ventures, XYZ Hemp Inc/GRPS stock created through the not really an IPO Reg A filing will have nothing to do with RSHN or ENTI.

https://twitter.com/xyzhemp/status/1022568238616653824




That contradicts what they had on the XYZ Hemp Inc website about the "IPO" - not really an IPO - involving three public Issuers - GRPS, RSHN, and ENTI

http://xyzhemp.com/



That info on the XYZ Hemp Inc website seems more geared towards pumping the stock prices of GRPS, RSHN, and ENTI than about putting out accurate information to the public.

GRPS shareholders better be careful because the only way GRPS is going to sell stock at $1.42/share through their not really an IPO Reg A filing is if they reverse split GRPS and bring the price up to over $1.42/share.



Which takes us back to the messed up re-domiciling from Delaware to Colorado in which GRPS skipped 2 crucial steps by not paying the back taxes owed to Delaware and not filing the required paperwork with Delaware to move the entity. That could cause them problems with getting FINRA to approve both the name change to XYZ Hemp Inc and a reverse split. It might also cause problems with getting the regulation A filing through the SEC.



What a circus.