Over the past week, the RushNet Inc (OTCMKTS:RSHN) stock has emerged as major gainer and has managed to clock gains of as much as 170%. There have been certain developments which have brought legions of investors to this stock and it might be the right time for others to take a closer look at those developments.
Yesterday, the company, along with its merger target heliosDX announced that the proposed reverse split of the stock has been officially cancelled. In order to reflect this move, the company will submit a filing to the Colorado Secretary of State with regards to the cancellation.
In order to get a better idea about the current excitement around the RushNet stock, it might be a good move to get a good look at the company’s merger/acquisition target heliosDX. The company falls under the category of a National Independent Clinical Reference Laboratory and is known for offering a wide range of tests.
At this point in time, heliosDX has contracts in as many as 44 out of the 48 states in the country, however, the company is looking to expand its footprint further. Hence, it is not a surprise that the proposed merger with RushNet has resulted in optimism among investors.
The expansion plans are going in the right direction as well and earlier on in the week, it was announced that heliosDX signed a letter of intent with regards to the acquisition of a privately owned laboratory. The laboratory has the capability of processing 5000 tests every month in addition to as many as 12000 UDS tests.
At this point in time, it has annual revenues of $10,000,000, and hence, it could prove to be a major acquisition for heliosDX as it tries to further strengthen its capabilities. This expansion is not only expected to widen heliosDX’s footprint across the country but also reduce its costs of doing business.
Over the course of the past week or so, the Ozop Energy Solutions (OTCMKTS:OZSC) stock has emerged as one of the major gainers and the rally in the stock continued yesterday.
On Wednesday, the stock soared by as much as 20% to take its gains over the past week to 20%. Considering the sort of gains that have been recorded by the stock it might be a good move for investors to look into Ozop Energy Solutions a bit more closely. Yesterday the company announced that its fully owned subsidiary company Ozop Energy Systems signed a letter of intent with a real estate investment fund which is part of the New York Stock Exchange.
This is a major development for the company and the reaction from investors yesterday reflects that as well. By way of this agreement, the two entities are going to involved in scouting property in two different locations in New York and one in New Jersey for the purpose of developing electric vehicle charging and batter storage stations.
However, that is not all. The two entities are also going to involved in conducting a viability study which is going to look implementing BrainBox AI’s artificial intelligence powered energy optimisation products in more than 200 properties.
The client is a well known equity real estate investment fund and owns commercial properties across a number of states in the United States. The deal that Ozop Energy Systems signed with BrainBox AI earlier on in the week is also an interesting one.
In the announcement made by Ozop Energy Solutions, it was noted that BrainBox AI is going to explore the possibility of using its self-adapting artificial intelligence-powered products in properties owned by Ozop’s customers in the New York metro area. This particular deal was welcomed with optimism by investors and had led to a rally in the stock.