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Rushnet Inc
> Rushnet, Inc. and its Subsidiaries Persist in the Climb
Post by
AveragePenny on Apr 06, 2022 11:42am
Rushnet, Inc. and its Subsidiaries Persist in the Climb
If you're still left pondering on this decision and asking "why," see the additional supporting highlights to our decision-making process. In a concise presentation of weighing the pros and cons, the decision boils down to this:
Proceeding with the stock consolidation process:
- would cost the company time and money, and thus, become a detriment to the business
- is viewed negatively by many investors
- has at least some potential of becoming an obstacle to:
- Acquisition of target laboratory
- Long term goal of $50 million in revenue
By withdrawing from the corporate action process, we:
- Can move forward with the Acquisition
- Can move forward with the split off of heliosDX to pursue uplist of heliosDX, resulting in a dividend to RushNet shareholders instead of a consolidation
- Provide potential share conversions
- Can reduce Rushnet structure through other means
- Can explore other possible shareholder incentives to benefit the shareholders and company in the long run
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