RushNet (RSHN) Stock Gains Momentum: What’s The Buzz?

The RushNet Inc (OTCMKTS:RSHN) stock continued its ascent on Monday and went up by another 68% to takes its gains for the past two week to as much as 500%.

Considering the sheer magnitude of the gains made by the stock it might be a good idea for investors to take a closer look at the company. Last week the company, along with its acquisition target heliosDX, announced that the planned reverse split of its shares stood officially canceled.

The company also announced that it was going to make a fling to that effect to the Colorado Secretary of State. A few days prior to that announcement, RushNet also announced that it signed a binding letter of intent with regards to the acquisition of a privately owned laboratory that generated revenues of as much as $10000000 a year. The lab processes as many as 5000 tests on a monthly basis and the acquisition could help RushNet in growing its revenues considerably.