Rightsmile, Inc. (RIGH)

[FullDeck]

Mea Culpa... I was wrong...

Not about the subject of the post:

"RIGH Convertible Debt buys Genius Biotech shares!"

That is completely true.

Where I was wrong was in stating that

RIGH has taken on even more convertible debt in the last quarter...

In fact, that debt was taken on on February 24, 2014, not in the last Quarter.

My sincere apologies for the mis-statement.

My concerns about the conversion of that debt into an unspecified number of shares of Genius Biotech promised to an unnamed "third party" remain as stated.

Converting debt into an unnamed number of shares of a company that has not even yet been listed (Genius Biotech) should be a major concern for shareholders or would-be investors.

The company has not yet even been listed, and common shareholders have been diluted. By how much, they have no way of knowing.

The caveat stands:

SEE:
"Death Spiral Financing" and "Funding Commitments"...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108323451

And:
"Toxic Financing". Why $RIGH is a "failed business"...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108275566

Best to all of honest intentions...