One month is all it has taken for RushNet Inc (OTCMKTS:RSHN) to make significant developments. The company has over this period taken time to revolutionize its patents, shake up its management and make strategic acquisitions which are expected to shape their future in the industry. Therefore, it comes as no surprise that their share price has risen from lows of $.0015 to its current high of $.006, a 300% share price surge accompanied by an over 400 million share turnovers as shown in the chart below: RSHN Daily ChartHowever, the price has since stabilized, allowing for analysts to study the new price. Currently, the company’s share price stands at $.005. The chart below puts this into perspective: RSHN Daily ChartWith the surge having taken place within a one-week period, it became clear to us that the company must have been doing something right: the patents, the acquisition or the shake up at the top. As such, we decided to take a look at RSHN and evaluate the above premise.About RushNet IncRushNet Inc was founded back in 1997 with headquarters in Wilmington, Delaware. Over the years, it had built a portfolio of subsidiaries and associates and was operating in diverse industries. However, early this year, there was a restructure which led them to rewire their operations and tailor them to the pot industry – to have more about this period, read our review which is available here.Currently, and in a juxtaposed scenario, RushNet prides itself in being an ‘early-stage company seeking to create value for its shareholders’ who now operate within the pot industry. Through this entry into the pot industry, the company has ensured that it can reshape their past role and boost their current standing in the industry.Change Arising from RSHNAs previously stated, there have been a number of changes arising from RSHN in their management and new products. We will thus have a look at all the above and evaluate how they will affect RSHN in the long run.Fresh Management EyesTowards the end of July, RushNet announced that they were bringing onboard both a new CEO and Chairman of the Board.In their announcement, they spoke to Mr. Frank Deangelo, the retired President and CEO of AppleJam Inc – a restaurant franchise – which he grew to over $120 million in sales and over 2,500 employees prior to selling the entity. His prowess was deemed fit to ensure that RSHN’s overall performance rose significantly, bringing value to the shareholders.Furthermore, Mr. Richard Goulding, MD was announced as the new Chairman of the Board while maintaining his role as the Chief Medical Officer. Through this new role, he was to oversee the forging of new strategic corporate relationships as well as ensure that the company’s mission and vision are implemented in full.In his first address, Mr. Goulding also addressed an issue which most investors had been contacting the company about a reverse stock split. Here he stated that this was not something which the company was considering at this point, therefore, was not expected to take place at present.New ProductsThe company has three products in the offing: KnockoutPunch™, Awater™, and Ewater™. Currently, RushNet has part ownership of deep artisan wells with a valuation of over $40,000,000. These water reserves are used to provide superior products to clients, both in the aforementioned water categories as well as in the cultivation of the company’s hemp products.While launching the above products, the company’s CEO stated that the data strongly supported the above mineral-rich water having a positive effect in inflammatory diseases, including Alzheimer’s. He added that this water would provide superior perks to consumers as compared to the mineral-deprived water we take, adding that:
“…I am convinced that KnockoutPunch™, Awater™ and Ewater™ as compelling as they would otherwise be, will now be far superior, blessed with these invaluable and unparalleled, mineral properties”
Source: Industrial Hemp CultivationRushNet Inc in conjunction with XYZ Hemp Inc has acquired a significant stake in Facilities & Land Industrial Hemp Cultivation and Processing Facility. The facility which operates in Mesa County under Colorado’s agriculture department will provide both RushNet and XYZ with the ability to run their own cultivation and processing facilities.The two teams are counting on this move to boost their hemp production capacity, given especially that they have bought a significant number of plants which will see them boost their stake in hemp production over the course of 2018 and 2019.Through this, it is clear that the magnitude of operations of RSHN is about to rise drastically over coming periods. As such, it is also clear why the share price took an upward turn over the past few days. There is, therefore, a lot to look forward to when it comes to the future of RushNet Inc.ConclusionRSHN has previously defined itself as an early stage company looking to provide shareholder value. It seems that they have finally cracked the value code. It won’t be long before their value proposition is further seen by the market, as such, we remain bullish about the company.We will be updating our subscribers as soon as we know more. For the latest updates on RSHN, sign up below!Disclosure: We have no position in RSHN and have not been compensated for this article.
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