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Monday, February 09, 2015 9:11:29 PM
…why, it’s all been resolved, 2 years ago. Here’s how.
Let’s start with Angel’s email, indicating no further debt, dilution, or toxicity.
The financials solidify Angel’s remarks, beginning w/ FYE13 and Q3E/2014,
“The company currently has no long-term commitments as of our balance sheet date.”
So this begs the question, why no debt, dilution or toxicity?
Because the debt, dilution and toxicity is old debt that resolved through the issue of shares long ago,
(2+ years ago to be exact), but the financier, B*AP had trouble trading the shares, until recently…
Which explains the average trades associated with the debt, and more importantly, the shares
Being repurchased by the company and the O/S reduced.
Here is reference to the debt in FYE13 financials...
Here is reference to the debit in BCAP’s financials (post 139396)…
Here is reference to the debt and the company’s resolution process, in FY12 financials…
Here is the third-party, Kelso and USCoProducts brought on to resolve the debt.
Simple math of the shares being retired to date.
Old Sal Share Count – 26 billion
Latest Sal Share Count – 24 billion
Total Sal Shares repurchased by the company by Sep 30, 2014 (per fins) = 1,939,000,000.
Coincidentally, the 1,939,000,000 share reduction mirrors the
750,000,000 + 1,182,549,444 = 1,932,549,444 of aged debt negotiated by prior management above.
Total of Kelso / USCoProducts shares issued, acting as third party to resolve BCAP’s trading problem:
1,499,000,000 - Kelso
+1,499,000,000 - USCoProducts
=2,998,000,000 Total Shares
My assumption based on the fins, notes, emails, etc. is 1,939,000,000 of the above 2,998,000,000 shares have been repurchased by Bud Genius, Inc. (RIGH) A/O September 30, 2014, as per the filings. Between October 1, 2014 and today’s date, February 9, 2015, the remaining 1 billion shares are part of the average trades, and will at the given time, be repurchased by company, and this is why the O/S and A/S have not been updated by the Wyoming SoS. One can assume, based on the amount of volume during Q4/2014 and Q1/2015 (to date), where we stand on the share repurchase (buyback) plan and the average trades.
I also believe, we are getting close to the end of the average trades, which means this would leave 23 billion in Sal's hands,
and the O/S reduced to circa 27 billion.
Sal's shares, IMO, will be retired, and Sal will be given shares in the company he is "purported" residing over as Chairman of the Board of Directors for Genius Biotech Corporation. I also believe, it will be far, far, far fewer shares than he currently holds.
At that point in time, RIGH (RightSmile) will become BUDG (Bud Genius, Inc.) and Genius Biotechnology Corporation (GBTC) will be registered as BUDG's subsidiary. Also, at that time, BUDG's O/S and A/S will be reduced to circa 3.5 billion to 4.5 billion.
I (and others, Vapo) have been hinting about this (and parts of this) for months, pointing reference to this, but until now, have not put all the information in one thread (thought the avg. trades were done by EOY). All of this, is IMHO, but the facts, emails, filings and related information seem to add up.
$BUDG - 2015!
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