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Thursday, May 15, 2014 9:11:10 PM
the out standing shares are the restricted shares of common stock and all common stock held by the insiders and what is in the float. the series a preferred shares don't count in the out standing share count until they a converted to common shares or restricted common shares. here is were the shares increase on the outstanding shares of common stock came from. ( Outstanding Shares: The number of shares issued and outstanding. Includes all shares in the float, restricted, and held by insiders. )
1) on November 25,2913 righ issued 24,665,700,000 restricted shares of common stock to Salvatore tuzzolino for consideration for past and future services rendered to the company and cash receivables.
2) on November 25,2013 righ issued to kelso office services llc 1,499,000,000 restricted common stock for the conversion of kelso"s 149,000 series a preferred stock at a conversion rate of 10,000 to 1 .
3) on November 25,2013 righ issued us coproducts llc 1,499,000,000 restricted shares of common stock for the conversion of coproducts 149,000 of righ preferred series a shares at a conversion rate of 10,000 for 1
4) on November 25,2013 righ issued to Salvatore tuzzolino 2,000,000 shares of restricted common stock for his conversion of 2,000 shares of righ"s series a preferred stock at a conversion rate of 10,000 for 1 .
5) on December 6,2013 righ issued 1,990,092,728 of restricted shares of righ"s common stock to Salvatore tuzzolino as a consideration for the forgiveness of certain amounts owed to mr. tuzzolino by the company and cash receivables.
reference source for 1- 5
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=117835
here is the share structure of righ the tradable shares to the public are 3,294,206,740 this is our float.
righ Share Structure
Market Value1 $18,000,000 a/o May 02, 2014
Shares Outstanding 29,999,999,468 a/o Mar 27, 2014
Float 3,294,206,740 a/o Apr 09, 2012
Authorized Shares 30,000,000,000 a/o Mar 27, 2014
Par Value 0.001
Total # of restricted shares: 26,655,792,728 shares common
reference source
http://www.otcmarkets.com/stock/RIGH/profile
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