Replies to post #111732 on RushNet Inc (RSHN)

[littleman2]

It's all right here in the 07/30/18 Quarterly Report, page 20.

https://backend.otcmarkets.com/otcapi/company/financial-report/198476/content

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2018
(Unaudited)
NOTE 5
-
Acquisition of Intellectual Property
On March 8, 2018, the Company acquired certain intellectual property from the
Company’s CEO for $350,000. The sale included
th
e
intellectual property rights
pertaining to the
trad
e
mark
Knockout Punch
TM
,
including the
rights to all copyrights,
inventions, designs, trade secrets, trademarks, trade styles, trade names, logos, trade
dress, domain names and any other intellectual pro
perty used in connection with the
development, design, formulation, packaging, distribution and sale of products bearing
the IP, including all patent licenses and sub
-
licenses granted and obtained with respect to
the IP, and rights thereunder and remedies
against infringements thereof in connection
with the IP
. Under the terms of the sale, the purchase price of $350,000 is to be paid in
shares of the Company’s common stock based on price per share of $.001 equal to
350,000,000 shares.