Rightsmile, Inc. (RIGH)

[FullDeck]

Filing: "Accumulated Deficit" increased $1.36 MILLION in Q2!

That means a loss SOMEWHERE of $1.36 MILLION in Q2 alone!

I'm not going to spend a lot of time running this down. But if you're invested in RIGH in any serious way, you should follow up on this with your own DD AND a call to your CEO, Angel Stanz.

Definition of "Accumulated Deficit":
http://www.accountingcoach.com/terms/A/accumulated-deficit

The 2013 Annual Report said RIGH's "Accumulated Deficit" was $2,283,291.53 as of 12/31/2013:

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

(Page 15)


The 2014 Q1 (March 31 2014) Disclosure ALSO said the "Accumulated Deficit" as of 12/31/2013 was $2,283,291.53 (add the first two highlighted numbers in snip below.) And it comes to a closing Deficit of -$2,301,601.26, which includes the Q's loss of $18K, but for some inexplicably sloppy reason, it re-adds the number and comes to a total of -$2,319,911.00 :



But now THE REALLY TROUBLING PART.

The 2014 Q2 Disclosure IGNORES ALL OF THAT AND RESTATES THE DEFICIT AT $1.36 MILLION HIGHER!

Angel NOW says that the 2013 Deficit was really $3,643,576 (NOT THE $2,283,291.53 he had reported in the actual Annual and the Q1.)

From Page 4 of latest June 30, 2014 Q2 disclosure:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=125532


And he TOTALLY BLOWS AWAY HIS PREVIOUS 2013 ANNUAL AND 2014 Q1 ASSERTIONS THAT THE 2013 DEFICIT WAS "ONLY" $2,283,291.53.


From Page 11 of latest June 30, 2014 Q2 disclosure:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=125532



That's a $1.36MM increase out of thin air. Someone should give Angel a call... this is serious.

"Claims of a New Accountant"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105486674
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105550045

From the man who gave us USCREDITFIND and USMUSICFIND
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103051633

Best to all.