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Tuesday, March 11, 2014 2:29:03 PM
From Angel:
"During this cleaning period, I was in communication with Randy regarding the 67k shares. Referencing Mr. Schneider's statements in the video, he no longer holds these certificates. Schneider has expressed no interest in reapplying for these certificates as he has stated they were dutifully reassigned. They are currently presumed lost. Should they reappear, the nature of these certificates would require action on behalf of RIGH Board of Directors before any such shares would be allowed to enter the market. No action has been taken and none is planned."
Wotta load of horsecrap.
Where to start?
First of all, RIGH CEO Angel minimizes the shares by just saying "67k shares".
In truth these are 67K SERIES A PREFERRED SHARES, convertible to common at a 10,000 to 1 ratio! (The Plaintiff's lawyer was ridiculously ignorant on this number.) That is- 670 MILLION SHARES OF COMMON, with a market value at .0013/share of $871,000!
Secondly, Angel claims Schneider "... no longer holds those certificates". But in the testimony (Reel 3 of the deposition's last 5 minutes), Schneider clearly says he called the Registrar and "discovered" he held the 67,000 preferred. Schneider then claims he transferred 51% of them to Elkind, the man who is suing him (open to correction here, but that's my understanding.)
IN NO WAY DOES ANY OF THE TESTIMONY SAY THAT THESE SHARES CAN BE PRESUMED LOST! Angel is flat out lying, unless he has had communications with Schneider which he is not revealing.
Does anyone believe over $800,000 worth of stock was JUST MISPLACED???
And the cutesy "Schneider has expressed no interest in reapplying for these certificates as he has stated they were dutifully reassigned."
In truth,Schneider claimed that 51% were reassigned, but even putting aside how "presumed lost" shares can be reassigned, the SHARES STILL EXIST!
Angel goes on:"the nature of these certificates would require action on behalf of RIGH Board of Directors before any such shares would be allowed to enter the market."
Can anyone find anywhere in the "reverse merger papers" where this is stated?
http://www.otcmarkets.com/financialReportViewer?symbol=RIGH&id=94646
Even MORE important, why weren't these 67,000 PREFERRED (670,000,000 COMMON shares) mentioned AT ALL in those papers?.
What other shares went unmentioned??
Dissembling, selective minimizing, diverting (OOOhh... what about HIS motives??? Looky over there!!)...
All hallmarks of a huckster. And RIGH CEO Angel Stanz has a track record to prove who he is. It's not pretty.
All JMHO.... but be careful, newbs...
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