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I think if this so called split was to happen a PR would have been issued at least month in advance or at least thats what happens in split situation of trading shares
I need the link to this 4.00 deal
hmm I called and was told they do not have specific information in regards to that filing. Spoke with corporate office 7024862880
This is a bottom feed type play some people here need to learn to trade and figure out the opportunities these type of plays hold.
good enough volume
Im going to bottom feed this one now, its that time before Christmas on retail
Bottom feeders should start accumulating
thats funny ) I sold my wife, car, dog, both kids ,got a mortgage on the paid off house just so I can load righ stock .
short attack is normal but here is company with huge intentions and proof
I think you need fact 101 when it comes to learning this business and be careful 1st of all ;)
XKEM B careful HOW MANY in MICHIGAN?
yeah I will waste my $$$ to fly to the shareholder meeting just for Rightsmile
bwahhhhhh
OS is low enough to kill the shorts with enough buying power and they know it;)
if they dont put a positive spin here soon on this ,its done
over 3.2 million traded AH with a high of 5.90 at over 12 million short at around 85 million OS hmmmm depends on buyers vs short game now
RS sucked everyone dry and now this stunt they just need to be shut down.
Feuerstein is a doushbag
maybe a gap and run situation
yup big time criminal but legal on their end disgusting
I think Shorts got the beating this time Ouch
in event of reverse split scenario looks worse than now. Most RS get shorted and revert back to pre split prices and lower ;) This outfit needs to be very careful what kind of split they do alas they wont exist much longer once a mistake is made
some SPLIT INFO
Stock Splits
University studies show a clear relationship between stock splits and outstanding stock price performance
Online Stock Trading Portal
By RightLine Staff Writers
Most traders view stock splits as high potential trading opportunities. They consider splits a positive progression in value and goodwill for companies and their investors. Corporate executives use stock splits as marketing and investor relation tools. They know that stock splits make shareholders feel better and engender a sense of greater wealth.
stock splits work
. . . . . . . . . . . David Ikenberry . . . . . . . . . .
The RightLine Report
Editor's Notes in Current Issue
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Critics would argue that a stock split is a non-event. They're convinced that a split is simply an accounting function with no relationship to stock performance. In fact, they think investors are "foolish" to believe there is any money to made from something as unimportant as a stock split. So who's right?
A 1996 study by David Ikenberry of Rice University measured the short and long-term performance of stock splits. His research included all the 1,275 companies whose stock split 2-for-1 between 1975 and 1990. Mr. Ikenberry compared the split stocks to a control group of stocks for similar-sized companies in similar sectors that had not split. His results were startling. The split stock group performed 8% better than the control group after one year, and 16% better after three years.
In August 2003 Mr.Ikenberry - now Chairman of the Finance Department at the University of Illinois at Urbana-Champaign - updated the stock split study. This time he looked at companies from 1990 to 1997. Using a similar methodology that included 2-for-1, 3-for-1 and 4-for-1 stock splits, he found the results were essentially the same. Shares of split stocks on average outperformed the market by 8% the following year and 12% over the next three years.
More Split Research
Another study published in 2005 by Oliver Rui, Steven Wang and Tak Yan Leung at the Chinese and City Universities of Hong Kong and Hong Kong Polytechnic University backs up Ikenberry's conclusions. In an abstract summarizing their study the professors stated that ...
"Although stock splits seem to be purely cosmetic, there is ample empirical evidence that they are associated with abnormal returns. This study analyzes the effect of stock splits using intraday data and insider trading data in Hong Kong from 1980 to 2000. Consistent with the findings of other countries, we observe positive price reactions in Hong Kong."
Based on this research it's pretty clear that a stock split is much more than just an accounting transaction. If you believe these studies you would have to conclude that stock splits frequently have a well documented relationship with higher share prices. So what is the connection?
Reasons Why Stock Splits Increase Profits For Investors
>> The stock split announcement draws attention to a company's success. This results in increased buying and higher prices.
>> Companies will often report high earnings and raise dividends at the same time they announce a stock split. The synergy of these events can drives the price of the stock up even more.
>> The reduced price per share after companies split a stock attracts many smaller investors.
>> With so many news and information services reporting stock splits, the announcements themselves have become a market-moving force.
Stages Of A Stock Split
The "typical" life cycle of a splitting stock tends to involve six major categories:
PRE-ANNOUNCEMENT
* The RightLine Report
High potential stock splits
in every issue.
Stocks usually enter this initial stage quietly and without fanfare after a long period of healthy growth. However, in some cases emergence into the Pre-Announcement stage occurs quickly, as a unexpected windfall causes a rapid increase in the stock price. This stage of a stock split is often associated with significant appreciation in share price.. The key to profiting from this stage is being able to determine which stocks are the most likely to split and when.
ANNOUNCEMENT
The upbeat atmosphere of a stock split often pulls in a large number of new buyers. This influx of traders and investors can lift the stock price higher, giving exceptional gains for those positioned in the stock prior to the split stock announcement. For those who are not in the stock before the split announcement, this stage usually offers low-risk setups for timing short-term trading entries.
DORMANCY
There is generally a return to normal price behavior in the weeks following a split announcement as the initial interest subsides. The shorter the time between the announcement and the split date, the less subdued this stage will be.
PRE-SPLIT RUN
For many stocks this is the most powerful phase of the split cycle as investors dramatically bid up the price of the limited supply of shares.
THE SPLIT
The day of the stock split provides more investor awareness of the already well publicized stock split. Many investors who watched the stock rise at the announcement and again during the pre-split run will now buy shares at the lower split prices. These final buyers can push prices even higher.
POST-SPLIT
After the last buyers are in, investor excitement for the split stock can begin to fade. Prices will often retreat for a while as shares are sold to lock in profits. This stage of a stock split can deliver excellent shorting prospects. While some split stocks will pullback and consolidate for a while, strong performers often dip, quickly rebound and then continue to fly higher.
http://www.rightline.net/splits/index.html
a little short squeeze coming we shall see
[color=red]Movie star helpers will have a NEW TASK they are paid pretty well and I dont think they will mind
That's pretty big endorsement even xkem might worry now;)
*****************Movie stars********************
this news is better than I expected , Film companies setting up smile shoppes
Would be nice if Larry Dombrow would take the Position. Plenty of experience
Elimination of $950,000 in salaries they should Buy back Shares
Yeah they should
Like I said I would like to see the Audit with the elimination of $950,000 included :)
Eliminating $950,000 in salaries that's a first one for a Pinkie ,this may get interesting for a change.
This PR is a good one though you have to admit PORT ST. LUCIE, FL--(Marketwire - 10/26/10) - RightSmile, Inc. (Pinksheets:RIGH - News) (www.RightSmile.com), the leader in Cosmetic Laser Teeth Whitening, is pleased to announce that the Officers and Directors of RightSmile have decided to eliminate their salaries as of August 31st, which total over $950,000.
The Board has decided to develop a bonus system based on the profitability of the Company, thereby dramatically reducing cash requirements and/or causing any additional shares to be issued for accrued wages. In other cost cutting measures the Company will seek to reduce fixed monthly expenses, including but not limited to reducing the size of the current offices, and will also look to sell some assets no longer vital to the Company's success.
The Company is also currently seeking a new President, preferably one with experience in the dental/cosmetic market to help take RIGH to the next level.
The Company believes at this point it has supplied the auditors with everything they have requested and expects a completed copy of the audited financials as of May 31, 2010 shortly at which time it will post them on PinkSheets.com and make them available on the Company's website.
I know they needed to dilute for a reason ;)
I would like to see the Audited financials as of May 31, 2010
I think you should check your Dates PR was Sept while your comparing ending August 31st numbers . Time to get back to reading class.
Best PR to date .............. this thing should lift soon
PORT ST. LUCIE, FL--(Marketwire - 10/26/10) - RightSmile, Inc. (Pinksheets:RIGH - News) (www.RightSmile.com), the leader in Cosmetic Laser Teeth Whitening, is pleased to announce that the Officers and Directors of RightSmile have decided to eliminate their salaries as of August 31st, which total over $950,000.
The Board has decided to develop a bonus system based on the profitability of the Company, thereby dramatically reducing cash requirements and/or causing any additional shares to be issued for accrued wages. In other cost cutting measures the Company will seek to reduce fixed monthly expenses, including but not limited to reducing the size of the current offices, and will also look to sell some assets no longer vital to the Company's success.
The Company is also currently seeking a new President, preferably one with experience in the dental/cosmetic market to help take RIGH to the next level.
The Company believes at this point it has supplied the auditors with everything they have requested and expects a completed copy of the audited financials as of May 31, 2010 shortly at which time it will post them on PinkSheets.com and make them available on the Company's website.
I will be frank here and tell you that the management is not making money here at all not even close.
I wouldn't worry about RS here ,they know if reverse happens its toasted and done;) shorts would eat this alive and laugh )preferred would be worthless;) as they are now