RSHN Shares:
Posted by: MaryKateAustin
In reply to: None Date:3/28/2007 2:47:47 AM
Post #of 29151
I was looking back @ RSHN PRs and ran across the one below, any company that will retire 2 billion of outstanding shares; has to care about their share holders, they could have done a reverse split instead. Most companies will retire millions not billions. I am not sure why the PRs have slowed, but IMO, it could have a good out come in the future.....we will see.
RushNet, Inc. Retires Two Billion Issued-and-Outstanding Shares
Business Wire, Nov 2, 2006
BLUE ISLAND, Ill. -- RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce the Company has reacquired and retired two billion of its issued-and-outstanding common shares and returned them to treasury. As a result, the number of outstanding common shares is reduced from 5.4 billion to 3.4 billion issued-and-outstanding common shares. The company is evaluating whether further reductions in share structure may be warranted.
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