Replies to post #146232 on RushNet Inc (RSHN)

[D-Money6]

Basically those preferred shares and the 10% dividend is the ownership of the shell. 87% voting rights.

I don't know for sure, but my guess is that there is a purchase agreement between Mr. Sweat and Goulding where Mr. Sweat paid for that to be transferred to him, effectively buying the shell. That agreement is not public (yet), but that is how it would have went down.

Now Mr. Sweat is actually going to make 10% yearly because they are actually going to make revenue.

Goulding has GRPS and when Rushnet, Inc. gets its own ticker again, he can set it up fresh. Makes complete sense!