Rightsmile, Inc. (RIGH)

[Steve White]

"See the following segment below. The old RIGH claim of the O/S and A/S max out has now changed very significantly.

Despite the talk about "disputes the validity of the alleged obligations", the reality is 8B of the 30B O/S on RIGH's balance sheet has now formally been set aside as an "allowance for the disputed obligation."

RIGH is going to settle because the wording of their financials tells me they don't want to go through the bankruptcy process.

"...Note 6. Commitments and Contingencies

Contingencies:
In 2009 through 2011 the Company entered into a series of promissory notes with Baron Capital Enterprise, Inc. The Company disputes the validity of the alleged obligations and claims damages against Baron Capital Enterprise, Inc. for, among other matters, material breach of contract. The Company’s balance sheet reflects both the Company’s contingent claim as well as an allowance for the disputed obligation...."

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=120871 "

Thanks to Blue