Rightsmile, Inc. (RIGH)

[FullDeck]

I hear ya, Vape, and appreciate the civil response...

I'll just point out a few things and then enough on this..

I previously pointed out that Sal's ~1.9 Billion shares had been sold rather than Kelso's 1.499 Billion, even though AngelMoffitt had originally planned on selling Kelso's (or Febles' US CoProducts') 1.499 Billion:

http://www.otcmarkets.com/stock/RIGH/news/Bud-Genius-Announces-Share-Repurchase?id=87223&b=y


My theory, and it is only that, was explained here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108660347

and here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106389626

I firmly believe Moffitt has been using his billions of free shares to manipulate the share price, allowing him to recoup enough to pay off some of RIGH's debt (the allowance for BCAP's 8 Billion shares has disappeared without explanation) and line his own (Moffitt's) pockets.

This would be all fine and good, debt paid off and all, but it has been done at the expense of shareholders. They've already been diluted by the giveaway of over 28 BILLION shares! That's absurd!

Perhaps thousands of investors who bought in the teens or twenties have seen their holdings tank. Ditto those who sold and re-bought and are still holding.

And IMO there is little to no chance of this ever being recouped.

RIGH, as a cannabis testing company, is simply a failed enterprise. It cannot hope to compete in the cannabis testing space against the majors like SteepHill, SCLabs, Cannlabs, etc.

Forgetting the distractions over "no lab", "no staff", "no"headquarters"- even if RIGH actually HAD all of those, the market has already been grabbed by other major players in the last few years.

Angel of course knows this, and sought out someone who could get him out of the hole.

Enter Moffitt and "Inner Core Group".

http://innercoregroup.com/swap-non-performing-assets-for-something-new-and-hot.html


Some variant of this process is playing out here and now, IMO.

So no amount of belief in "RIGH" or "BudGenius" matters.

A new company, yet to be named, is being solicited to buy the Genius Biotech "OTCXX" listing (Moffitt hit a speed bump when FINRA announced the closing of the OTCBB).

His costs have already been covered, and Angel has gotten out of debt mostly (maybe), but what does that leave?

All speculation, but Moffitt isn't concerned. His Plan B allows him to still make money (sell the shell at a profit). Y'gotta read up on his business plan and watch his videos.

His interest is in making his ICG shareholders money. That's already accomplished. They've (or maybe it's still just HE'S) been able to manipulate their billions of shares for a substantial profit, and all that remains is to fit that "whale" into that bathtub.

And I suspect that "whale" would be more like a "guppy."

Nothing commanding the inflated $9-$12 Million market cap that RIGH has now, even at .0003-4.

But Moffitt/ICG will already own a big chunk of the tub (Genius Biotech, whoever that turns out to house) via the "unregistered shares" being purchased with the "convertible debt".

Plus, any payments that the existing RIGH might receive would accrue mostly to 85% owners Angel and "Sal". That's assuming it doesn't go the other path and just declare bankruptcy.

Common shareholders will get the shaft no matter what.

But really... to maintain the dream that there is a viable "BudGenius" business? REALLY? Then why no name change? A simple filing? ...and you know all the other arguments...

I wish you all the best, Vape.... but it smells like "hopium dreams" to me.