posted
I think everyone is jumping the gun on McD's. If you think that is a legit possiblity for RSHN in the next couple years you are fooling yourself.
What it does show is a desire by business to expand their current market to include alternative products. It also shows a desire by consumers to perchase healthier products from vendors who are not traditionally "health contious."
It is a move in the right direction for the organic and "all natural" market, but this is nothing new. Large supermarket chains are begining to offer organic foods along side their regular fruits and vegitables. This is due to the demand from consumers for those foods. As time goes on we will continue to see more of those foods available at discounted prices.
What everyone needs to remember is that RUSH is a very small company. They have a small marketing campaign targeting a specific demographics in an attempt to gain market share from small vendors, health food stores, and fitness centers. They are not yet in a position to gain large market share from an international company like McD's. If Ewater is a success then that may become a possiblity in the future, but based on their current size and structure I think it is going to be a while.
I think this is a promising company, but I'm not going to get all wound up about an article about McD's potential marketing change. What I would like to see is RUSH put out some defined contracts with #'s. That is what is keeping RUSH out of penny land. JUST MY OPINION.
-------------------- One wrong move and you're eatin bag-nasties just to survive! Yahoo Messenger: Jason52907 Posts: 707 | From: midwest | Registered: Mar 2006
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jumping the gun jason ? you're right we're ahead a bit, but one is for sure: the future looks bright.......
Posts: 283 | Registered: Apr 2006
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Personally, I would like to see this drop back to the 0000's, but thats too much to wish for. It will never go below 001, people like to buy and sell on round numbers. I'm ready to drop at least another 5K on this if and when it hits 0015. If we don't get any PR's in the next 2 weeks, I might get my wish. This thing has the potential to explode in 6-12 months. I've never seen a pink with so much upside.
Posts: 136 | From: Florida | Registered: Nov 2005
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The thing with PR's is that you never know at what time Corr is going to drop one, and lord knows with everything he has in the works, what it's going to be about.
I think he keeps throwing a bone here an there...and is waiting to finalize something to drop a bomb. There are too many things in the works, somethings got to come through. Everyone forgets that contracts involve attorney's, a lot of paperwork and time to finalize. This is not an overnight process.
Everyone can keep hoping and waiting for it to go down to get it at a certain price, but, should that bomb come one of these days, expect to be buying higher than it is now.
Just my opinion......
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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Wit, you're right. I've been waiting over 6 weeks for this to drop to these levels again. The drop is always temporarily halted by an insignificant PR. I don't want this to hang for any long duration in the 0025 - 005 range awaiting the blockbuster PR. I believe that one is still a few months out. However, I could be wrong, it could released on Monday. Either way, I'll be ready.
Posts: 136 | From: Florida | Registered: Nov 2005
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Monk, the thing is we just never know, and we can't predict.
It's just a waiting game. Those that have the time and patience will hang in here, and those that haven't the patience will leave.
Corr said it loud and clear in his interview...."patience is needed". I don't know what more he can say at this time.
If this is going to where many are hoping, we are all fortunate enough to say that we all got in at a decent price.
Someday, people will be talking about this stock on some posting board to eachother and they will be saying..."imagine those people who got in on Rush at under a penny"!, and wishing they knew.
I can say...I was one.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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I have been doing a bit of charting and was suprised to see just how steady and (MHO) how controlled the drop has been. If I drew a line from the first down day months ago after the big rise to friday, it is so even. About the only major change was the myspace thingy. Then it was back up and back on track. No change now with the trend for quite a while. No sign yet of a break in the trend. That darned fat finger on friday hosed the current number again, so perhaps on Monday they will remove the fat finger and we can again see what is up. However, RSI is still in the low 30's but not at 30 yet. Perhaps it may be possible to predict just how long it will take to get to any level on the charts. Printer is down, so I can not copy the chart to add days. I think I have too much time on my hands.... lol
Sure hope to hear something from Robbie this weekend.
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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Do Charts even work for stocks that have no audited financials or any financials to go on? Charts do work and my broker uses them in a great system, but how does one chart a penny stock that is influenced by pumps, dumps and fake PR's?
Posts: 486 | From: Tennessee | Registered: Jun 2005
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I would like to get in touch somehow with this Michael Lynch. I have a few questions I would like answered. I don't know if I'll get them but I'm going to try.
Anyone know where he works, company info., conatct info.?
Is his middle initial "C" ?
Any info. would be appreciated, I wanna hunt this guy down and find out his involvement, that's if there is some anymore.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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Ackane, charts do work, even on pinks as you said. You are correct, that it is really tough. So little information on what the real financials are make it hard to find the real facts. The charts do show the sentiment of the traders, and for now they show little interest in RSHN. Not that it will stay that way, just that for now we are drifting slowly lower. (In a very smooth and controlled fashion ihmo) Third party pumping from paid sites has not helped.
Wit I suspect that LPO, LLC is a new company formed to handle RSHN. As such, it will be hard to find out just where they are. Having formed these things in the past, I would find which state they are registered in and hope for an address. My guess is that they were formed in Chicago.
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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I've been reading that a few people had concerns on whether Lynch has maybe chosen not to go through with the Rush deal because I guess some holders expected a follow up to that and there hasn't been one. So, to put that to rest, I wanted confirmation from him myself.
The thing is that I did go back to closely look at the Pr again and it say's:
Quote: This signed agreement gives RushNet, Inc. a cash infusion of $615 thousand plus an additional commitment for inventory capital of $2.4 million, for a total of over $3 million dollars to RushNet, Inc.
So are we to assume by this statement that it was officially a done deal? Do the words "signed agreemnet" indicate that and that he can't back out?
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
The guys on IHUB continue to wring their hands over the Lynch Deal and possible dilution of float. I see no reason to feel that Lynch backed out yet. Too much going on that hints at a lot of cash in hand to get things done. (video ads for one)
Dilution is a problem, but not proven. In theory, we did get millions of new shares as part of the increase in AS. But no real evidence that it has been released. Main problem as I see it is that the "longs" continue to sell on the way down. The buyers are now perking up as we near the .001's or lower. Many are watching closly now to try to time the bottom and load up for the next big run.
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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imakmony2005
unregistered
posted
DILUTION is the PPs KILLER. IMHO
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BLUE ISLAND, Ill., Apr 28, 2006 (BUSINESS WIRE)-- Robert Corr, president of RushNet, Inc., has agreed today to accept the offer made by Michael Lynch of Lynch Partners One, LLC to purchase a 30% stake in the company's stock in the form of restricted shares. This signed agreement gives RushNet, Inc. a cash infusion of $615 thousand plus an additional commitment for inventory capital of $2.4 million, for a total of over $3 million dollars to RushNet, Inc.
Robert Corr and the management team of RushNet Inc. will hold restricted shares totaling 32%, with the public free trading shares totaling 38% of the stock. The stock issued to Lynch has been placed into an escrow account with a closing scheduled in about two weeks
I checked the State of Nevada Website. The A/S is still 6B shares. If you do the Math this is the conclusion.
6B X 32% = 1,920,000,000 Corr & RSHN Management
6B X 30% = 1,800,000,000 Lynch Partnership
6B X 38% = 2,280,000,000 Float
The Shares owned by Corr, RSHN Management and Lynch are restricted.
That is if all shares have been issued that are available. If Corr and RSHN management are converting shares and putting them on the market wouldn't that put them in danger fo losing control of the company?
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Thanks Wallymac. That is about what I came up with as well. That gives us a pretty good idea what the float is. Does not tell us what it was before. Looks like they just added 2B to give to Lynch in return for his money. Not a bad deal.
I will say again as have several others. If we want that $1 that was stated a while back or perhaps the moon, RSHN will have to post some sort of financial disclouser, and do it regularly. No need to reduce shares, just post how you are really doing and it will have a very postive effect. Either you expose yourself as no good or you back up with figures what you are doing well and getting better. At least we can then end all the guessing and know if the moon is possible or need to head to the nearest exit.
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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I agree to a degree with you CHklingon. The problem, IMO, right now is a lot of unrealistic expectations as to numbers at this point. With increased distribution only taking place in the past couple months, I would expect it to be another couple months before the numbers would be a true reflection of what is actually happening.
It is my opinion that Bob Corr is being very careful at his point. Just look at the scrunity of every PR that he puts out. Any good news stated is overlooked by what people wish to hear. I have seen progression in the last 2 PR's that many have minimized. Sometimes you just can't win. Corr is probably as frustrated as many shareholders are in the fact that no matter what he PR's only the negative is featured.
Such is life. Business deals don't always go according to schedule. Delays are more the norm than completion in a timely matter. Remember that Lawyers are involved and tend to rewrite language clauses etc etc.
People have the right to question what is going on. I just feel that we are about to receive information overload. It owuld be nice if everything happened in an orderly manner so that PR's could be issued uniformly but that isn't how the real world works.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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The more we question, the more we double check our facts and make sure we did not overlook anything. This sure seems like a dream come true find. Why on earth are we still below a penny?
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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IMO, the reason we are where we are is that many people are not only looking for bottom but are, either knowingly or unknowingly helping it along. I read many boards and many traders/investor are looking for the best entry point. So if the PPS is currently at .0024 X .0025 many are placing buy orders at .0023 and below. What does this do? It creates pressure on the PPS to drop to that level. Once that level is reached now others that were on the fence decide it is time to buy in and place orders just below that hoping to get filled. Until something significant happens to move forward we will channel and drop a bit. With significant news this changes. Now everyone wants to jump on board and just wants to get filled so they hit the ask not wanting to be left behind.
Bob Corr and they MM's get the blame yet it, many times, is the very person complaining about the drop who has created it.
Such is life in pennyland
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I recieved a PR flag today for RSHN on my TD Ameritrade Streamer. There was no PR attached to it, telling me that there was something there and that it may be being held. Can any other TDA traders out there verify this so I'll know that its not just mine...Thx
Posts: 112 | From: Tucson, Az. | Registered: Apr 2006
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osoaz, it's possible that it may have been an error, or maybe it's in regards to Robbie & Corr's meeting. We all knew we were going to hear about something on that sooner or later.
Has your ameritrade done that before? You may want to question them on that one.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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I had 2 other PRs today both from Merck... When I went back to the RSHN one it came up with the June 7th PR. a little late I'd say!!!
Posts: 112 | From: Tucson, Az. | Registered: Apr 2006
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Finally had some Ginseng Rush the other night, not bad, tasted kinda similar to Vanilla Coke. I want to try the other flavors, but the store i went to either didn't carry them or have them in stock.
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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[QUOTE]Originally posted by maumee river rat: [QB] [QUOTE]Originally posted by Wit: [qb] Who cares if it dips.......buy more & ride up!! I'm not getting off this rollercoaster ride any time soon.
It looks more like a Soapbox Derby hill!!!!
You always get to go to the top for another run!!!! That's the beauty of the Soap Box Derby (I happen to live within walking distance of in Akron, Ohio)!!!
Longs Holding Strong!!!
500 into 100K...You Gotta' Believe!!!
Posts: 231 | From: Ohio | Registered: Mar 2006
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