RushNet (OTCMKTS:RSHN) Stock Regains Momentum: Will The Rally Continue?

Shares of RushNet (OTCMKTS:RSHN) are gaining momentum this morning after the recent pullback without any news. On July 15, 2021 announced the first Board Member of heliosDX, which was recently acquired by the company. Scott Wakeman will be the first board member, who currently is Executive Vice President of Operations for Edible Arrangements, managing customer service, development/ training as well as Store Operations.

Wakeman was engaged in a number of senior marketing roles including stints with Checkers and Rally’s, Houston Astros and Grey Advertising. Having begun his career in packaged goods and working with a number of Fortune 500 companies, Wakeman is an alumnus of Emory Universityand alsoan MBA from Duke University.

Helios completed Phase One rebranding strategy from Chattahoochee Labs to heliosDX and aims to launch a national sales campaign for augmenting its footprint. The firm opines on Wakeman’s experience in marketing and operations to be vital in an advisement capacity.

heliosDXaims to be standalone company trading under its own symbol. Earlier, the company had announced for its shareholders, 1 share of heliosDX for every 800 shares of RushNet.

heliosDX, a National Clinical Reference Laboratory offers drug testing of various types including High-Complexity Urine Drug testing, Behavioral Drug Testing amongst others. The firm is preparing applications for SEC, FINRA as well as disclosures.

Market Reaction:

As of 12:58, RSHN stock soared 49% at $0.0083 with more than 289.37 million shares, compared to its average volume of 281.06 million shares. The stock has moved within a range of $0.0064 – 0.0084 after opening the trade at $0.0069. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0249.