Replies to post #28033 on RushNet Inc (RSHN)

[tooflets]

Dumping personal shares or company shares?

[sojourner]

RE: "He said no further dilution but last year he used schwab to dump big time and never admitted to that."

Right. As a veteran of this board, you remember how many times posters called in and Big Bob said "no dilution." No dilution. Rushnet's dirty little secret has always has been massive dilution.

Jan 2004: 140 MM -> Mar 2007: minimum 4.7 bil [probable 5-6 billion]

Which is why T.A. is gagged and company operates in appalling secrecy. This is no longer acceptable. Company has destroyed its credibility and lost most shareholder faith. Rushnet learned it's much easier to make money selling shares in secret than to make profits selling product.



From the purple mountains of scenic New Mexico.