Rightsmile, Inc. (RIGH)

[FullDeck]

RIGH fails to file Quarterly Disclosure-Blames "Accountants"

That's today's lead RIGH story.

Of all the "OTCPinkCurrent" stocks in the MJ space, only RIGH and MJNA failed to file their Quarterly reports on time.

And it doesn't matter to MJNA- nobody is making a market for their shares:
http://www.otcmarkets.com/stock/MJNA/quote


But it matters to RIGH, particularly with the disappearance of 3 Billion shares given to two companies now missing from the filings: Kelso Office Services and USCoProducts).

These constitute Material Events that are supposed to be communicated to shareholders within 4 days.

And they haven't been.

For reference, see:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105453054

The bottom line in the OTCMarkets disclosure platform is that issuers as well as their attorneys may fail to recognize and put into practice the transparency required to comply with 10b-5 and the OTCMarkets disclosure requirements, the repercussions of which are devastating to investors as well as the issuer who could become the subject of SEC enforcement actions, SEC trading suspensions and DTC Chills of the Issuer’s stock.

And RIGH CEO Angel Stanz's reason for the late filing was originally (on 8/14/2014) that they had a new accounting company:

http://www.otcmarkets.com/financialReportViewer?symbol=RIGH&id=124844


But TODAY, shareholders were told that there was a new accountant AS OF YESTERDAY:

http://ih.advfn.com/p.php?pid=nmona&article=63319381

As of yesterday, quarterly reports are being prepared by the Wells Compliance Group, an accounting and SEC reporting services firm in Santa Monica, California. These will be posted as soon as the firm has completed them.

And he only adds THAT as a tagline to a PR meant to distract from RIGH's Failure to File.

RIGH CEO Angel Aaron Stanz has very little respect for the intelligence of his shareholders or prospective shareholders to believe they would be deceived by such an obvious mis-direction.

With all the signs of share dumping in the last few months, this lack of a timely filing is a very troubling sign.

BLAMING ACCOUNTANTS??? The buck stops at RIGH CEO Angel's feet. But it's the busted shareholders that will pay the price.

Eyes wide open all.