Rightsmile, Inc. (RIGH)

[FullDeck]

"Buy to Cover" at .0004...

The pattern is pretty obvious, as seen in the screen prints:





The "highlighted" amounts match, and the timing shows a "quick flip" indicative of the Market Maker doing a pre-arranged "naked short" sale (he sells shares he doesn't actually own), then buys them back cheaper from a willing seller at a lower price.

The only question is- "who is a willing seller at that lower price?"

And the only reasonable answer is- "someone whose cost is lower than .0004".

The only holders OF SIZE who fit that description are "insiders", i.e., Angel, Sal, Kelso Office Products, or USCoProducts.

Personally, I'd rule out Angel, as he'd have to convert his Preferreds and report it.

So that leaves the three others, whose cost was never reported to shareholders, and whose shares were supposed to be "restricted."

"Supposed to be" restricted, as stated in the 2013 Annual Report.

As my2mustangs has noted, however, wording in the later filings can be interpreted to mean the restrictions were lifted.

Hope that helps.

And to be clear, I personally don't believe this is a debt holder selling, except to the extent they are also an equity holder (ummm... maybe that's not so clear after all)

And I think it is VERY significant that Angel still refuses to update the FLOAT number in this latest filing.

It's the most important number to an investor because it tells him/her exactly how many OTHER shares can actively be traded.

http://www.investopedia.com/terms/f/floating-stock.asp

Best to all.