Wednesday, August 19, 2015 11:44:24 AM
Your quote:
It is beyond naive to think that Toxic Financing must be in the form of "convertible notes", "convertible preferreds", any "toxic debt", or warrants, rights, etc.
The net effect of any Toxic Financing is that the financier gets huge numbers of ridiculously cheap shares to play with in the market while the common shareholder gets the crap diluted out of them.
That's EXACTLY what has happened to RIGH.
CEO Angel Stanz did this IN THE DARK, while RIGH was non-reporting, when he secretly increased the Authorized Shares by six-fold (5 Billion to 30 Billion) and quickly gave 28+ BILLION shares to Taylor Moffit's shells and his cohort, Sal Tuzzolino.
By some estimates, those 28+ BILLION shares were exchanged for a promise of about $200,000.
I realize it's hard for large retail investors to get their heads around that fact- that $200,000, an amount perhaps close to their own investment in the company, bought almost 90% of the Outstanding Shares, but...
THAT'S WHAT TOXIC FINANCING DOES!
Here's one analysis I agree with, at least as far as the amounts provided by Moffitt and cohorts in exchange for 28+BILLION shares: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112828739&txt2find=receivable
On top of that there is a still existing promissory note of vague origin, originally about $31K, now reduced by $15K in return for-
AN UNNAMED NUMBER OF UNREGISTERED SHARES IN AN AS-YET UNLISTED NEW COMPANY- GENIUS BIOTECH.
With the lack of transparency, that could amount to a 90% ownership, should that little pipe dream ever actually happen.
The level of deception in RIGH is staggering.
Angel may schmooze investors real well on the phone and in emails, but his ACTIONS have been FAR from ETHICAL.
Remember, he BOLD-FACED LIED to a major investor about the late financials:
"B-b-but then Angel LIED TO YOU when he said..."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115508182&txt2find=lied
And giving Moffitt and Tuzzolino 28+Billion shares at an average cost of .000007 per share???? ($200k/28B)
They can trade these all day and still make money, even at .0001 and even after a reverse-split.
RIGH is already near the bottom of the "TOXIC FINANCING" death spiral.
To deny that RIGH ALREADY DID Toxic Financing is beyond naive.
It's delusional or deceptive.
Best to all.
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