Rightsmile, Inc. (RIGH)

[FullDeck]

Where there's smoke, there's 3 BILLION fire sales?

I don't have time for all the links- I'll try to post them later.

But I find it troubling that yesterday's report shows RIGH CEO Angel decreased his "preferreds" by 300,000 (convertible to 3 BILLION Common) between 12/31/2012 and 12/31/2013, and then gave out 3 BILLION shares to two companies of shady origin, and to "Sal."

Here's the breakdown:
According to the March 28, 2014 filing, RIGH gave

KELSO- 1.49 Billion shares
USCoProducts- 1.49 Billion shares, and
"Sal"- .02 Billion (20 million) shares.

(note the the arithmetic is wrong in the March 28 filing, as Angel converts 149,000 Preferreds to 1,499,000,000 instead of 1,490,000,000, and 2,000 Preferreds to 2,000,000 instead of 20,000,000 but the 3 Billion total remains the same).

That lack of care in a filing is troubling in itself, but research on the companies shows that Kelso is "dissolved" and USCoproducts was just created two weeks before they were given their 1.49 Billion shares!

SEE:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99764085

And all with no explanation of WHY they were given these shares!

And now, in yesterday's filing (May 15), there is no reporting of these 3 Billion shares or these comapnies or Share Issuances AT ALL!

So, to summarize- Angel freed up 3 Billion shares from his own Preferreds, then apparently GAVE those shares to Kelso, USCoProducts, and a few to "Sal", and then did not report anything about those recipients in yesterday's filing!

Billions of shares were sold in the February runup... and now the 3 Billion shares that Angel freed up from his preferreds, and apparently gave to companies whose ownership can't be traced and origin is suspect is no longer being mentioned in the latest report...

It just stinks... what about Angel's promise of "improved transparency"?

I'll try to give more detail and links later, but the papers are all out there for anyone who is truly concerned.

Best to all.