RushNet Inc. (RSHN) Stock Resumes Another Round Of Rally: Now What?

RushNet Inc. (OTCMKTS:RSHN) jumped 33% after the company with heliosDX announced a roadmap update, acquisition updates, and dividend enhancements.The company has already completed filing financial, filing disclosures, attorney letter, its 2md/mid-quarter financial update, professional marketing and sales video, pink currant, and transition of the website to heliosDX.com from chattahoocheelabs.com.

Things in progress include RushNet Inc. subsidiaries spinoff, audit of financial, lab acquisitions, and letter of intent update with the close date expected in Q3, imminent completion of heliosDX acquisition, and FINRA reengagement part of the spinoff process.

New items the company updated include the Grandeza Healthcare acquisition, which is in progress, the opening of heliosDX officer in Florida, hiring executive officers, which is ongoing, and board member’s announcement expected in Q3 2021. Once the heliosDX spinoff is completed, RushNet Shareholders will receive one heliosDX share for 1,000 RushNet shares held. Equally, shareholders can buy 11 heliosDX shares per 1000 RushNet shares at a discount. So in the coming weeks, RSHN is a stock to watch.

Market Reaction:

On Tuesday, RSHN stock went up 33% at $0.0069 with more than 736.33 million shares, compared to its average volume of 256.09 million shares. The stock had moved within a range of $0.0058 – 0.0077 after opening the trade at $0.0060. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0249.