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Replies to post #112407 on RushNet Inc (RSHN)
$PennyMover
02/05/19 9:06 PM
#112410 RE: TooYoungToDie #112407
We did not undertake this journey in a conventional manner. The standard practice when taking over a public entity is to engage in a massive reverse stock split and to then issue a substantial number of shares to the incoming group, leaving little or no value to the existing shareholders – the “takeover squeeze out.” That philosophy, however, is the antithesis of our vision for the shareholders. That more conventional approach would have deprived the shareholders of the value to which they have a right and to which they should expect, as a part of our mission and our values which guide us. Consistent with our mantra, there has been no reverse stock split and there has been no massive dilution. Indeed, while we will need to issue shares in the near future to compensate the dedicated group of individuals we have engaged, it will not be at the expense of the existing shareholders. We can assure the shareholders that any share issuances will be commensurate with the value received by the Company – in other words, we envision that all share issuances will be anti-dilutive by nature.
kptruckin
02/06/19 2:23 PM
#112493 RE: TooYoungToDie #112407