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.0008
Sept 26, 2012
Getting the House in Order
As many shareholders have seen this morning, RightSmile, Inc. (BG Medical Technologies) has filed consolidated financials for Q1 2012 & Q2 2012. This marks a significant milestone for the company in moving forward.
As referenced in the semi-annual conference call, uncommon (and occasionally unpopular) actions were necessary to correct debt that existed within the public entity. This debt position had been inherited from actions taken by the previous RightSmile management. Unfortunately, these precipitous activities threatened the going-forward stability of the entity and shareholder value. As we entered Q2 it became apparent that BG Medical needed to route our actions to solve this problem at the highest level of priority, and our corporate strategy was modified accordingly.
While I respected shareholder concerns during the recent period of limited public communication, it was necessary to take this path to achieve a positive outcome.
New agreements reached with RIGH debt holders have now prevented up to 7.5 billion shares in potential further dilution from coming to pass. In one instance, a figure was settled upon that is at 10% of the potential outstanding value, essentially negotiating a converted equity rate above market value (see financials, note #6). This is one of several notable “wins” that BG Medical has achieved while architecting a sustainable foundation.
We have emerged victorious from a dark cave. The hibernation period is now over. We have wiped out several years of debt incurred by those that came before us. I would like to leave you today with four very positive statements, all of which are now verifiable through financials statements.
All previous authorized share increases from Q1 to Q2 were to fulfill debts made solely by prior management.
BG Medical has nullified hundreds of thousands of dollars in past debt entered into by prior management.
The public entity has not recently taken on new debt liabilities with past debt holders, related companies, or any other company. This position has continued throughout Q3, while BG Medical has worked to eliminate all past debts.
BG Medical, its principals, and its employees, have not sold a single share of stock.
This is the beginning of a new and improved beginning.
Further updates are forthcoming.
As I have maintained since our first public announcement, BG Medical remains committed to building shareholder value. We have taken great steps towards fulfilling this goal. This journey can now be witnessed first-hand in today’s filings.
Trading should be done electronically IMO Theres no need for the stock floor
Yeah !!! Great!! Tell that to all of us who bought millions of shares at .0141 and now it sits at .0050 ... Laughing all the way to the bank... To ask for a Loan
Market closed Tuesday as well!! What the heck
Oh yeah? I know of a 10 year old girl that makes jewelry and sells it in Walmart ... It can't be that hard
Why don't we ask Brian weber who owns Koma Unwind and post his comment on this board to squash it once and for all?
Your comment is false!
Wall st branding is their pr relations? Now I'm scarred.. Aren't they the company that is involved with a lot of pump and dump companies?
When righ makes a run here soon I'll buy everyone a round! Stay safe
Is it ok to start drinking?
You are correct.. Now what am I going to do all day ?
I saw on the news last night that electronic trading was open?
Let's see what today brings! I'm getting my running shoes on
Right.. Walmart does not have an "off site storage facility" that was claimed. They are not holding Koma in some off site storage facility. It was returned to the distributor.
Also I talked to the manager at our local Walmart. I gave him the "global barcode" that any Walmart can order Koma with, and he said they would love to carry it! Only problem is that it needs to come through a distributor. They CAN NOT just order it from bbda. No matter what Brian or Brianna say it HAS to come in through a distributor . Maybe that's why it's not spreading as fast as everyone thought.
That does not sound right. I was the inventory manager at walmart for years and through all of the remodels, mod changes, features, never once did we move all of our overstock to an off site facility? Even with coke and Pepsi, they only get about 2 pallets to keep in the back room that merchandisers can work off. During holiday seasons they get more. With Koma unwind if this was a "test" each store would not have ordered more than a pallet therefore they would not "move all of the overstock Koma offsite". They would bin it in the back or put it on top of the steel. Walmart pays for it as it comes in so they own it. Sounds like they returned it? I assure you this sounds fishy and is not how Walmart rolls!
I sold my shares .. I will buy back in before nov21st.. IMO this still hasn't hit bottom but will test new highs by the end of the year.. I put it all on RIGH to make a huge run before that so I will take my 1000% profits from that and buy ALOT more shares of BBDA before nov21st
Load up! I think a run is coming. At .0002 what's the worst that can happen? Huge reward vs little risk.. IMO 13.520 mill and adding tomorrow
All we need is news then boom!
I bought at 7 and sold at 36.. Timing is on.. I was just wondering what broker shorts pennies. Etrade and scottrade do not. That is all I use. This is a pump and dump and I'm ready for the dump.
Look at the charts buddy. Before all the spam emails came out this sat at 7c where it will return. Only question is how high will this go before the big fall?
Yeah especially with all the revenue coming in.. Oh what's that? They don't have any revenue? You mean after all the spam emails and hype gets squashed this is going back to 7cents? There is a lot of money to be made on the way down.. Just don't marry this stock
There's mothballs in Koma Unwind?? GREAT!
Animal melatonin is the best! I like rabbit myself
What broker will everyone be using to short this POS after the dump? This will be a nice falllllll weeeeee
People drink and drive.. Are they responsible or the alcohol company? This drink relaxes you.. It does not force you to sleep.. I often drink a Koma unwind at noon just to take the edge off! I find it comical that every week you find something negative about Bebevco to talk about! Keep up the good work!
I don't think it was official with the SEC.. I'm guessing that's the news coming out?
Melatonin is not dangerous
Have you heard about all of the deaths from people drinking too much monster? It's all over the news.
Reverse merger already happened and from the sounds of it there will be news coming out for a symbol change
Email I sent to investors@budgenius.com:
Hey! My name is Dave. I'm an investor in your company. I am wondering what is going on in the Budgenius world. There has been no news on twitter/Facebook. There has been no symbol change from righ. This stock is flat lining until news comes out.
-Do you have any plans on releasing news soon?
-Do you have a update on symbol change?
Any news from company would send this stock soaring along with the other MJ stocks ! Thank you
Dave Fenton
Sent from my iPhone
Email I received back:
Dave,
Sorry for not getting back to you right away and thank you for your support as an investor. We have many new projects underway that I am very excited about! We will release news as it comes. A lot of companies release "fluff" p/r just to give the stock a boost to dump shares. By now you should realize I am no FLUFFER! I assure you there WILL be news. As far as the RIGH symbol change... Like I said, THERE WILL BE NEWS!
What broker can you use to short pennies? This will be a fun ride down
Thoughts on this coming week?
None?
What broker can you use to short stocks under $1
How when 2s are still up?
RIGH$$ ready for takeoff
All we need now is some news and then we will see a nice little run