Rightsmile, Inc. (RIGH)

[TJG]

im tired of getting tricked by misleading pr's
its 1 thing if the company needs funding by selling shares but its another releasing misleading pr's stating os has been reduced while adding it at the same time so our share value does not go up
the company could have sold shares when the price was going up last month so everyone could benefit instead of dumping millions

This post by you is another example of someone who does not understand how the system works.

RIGH's officers took their free trading shares that were issued to them when RIGH took over the shell and turned them into restricted shares. They did this because they knew that the convertable debt shares were going to hit the market.

So in order to not max out the AS when the CD shares began to convert they said "We will give up any chance of making money on these shares for a year"...If you or anyone else posting here about the change in the shares understood how CD conversion works you might not keep making the same mistake over and over.

They did not lie, what they did was not come out in a public statement and say.."We will be reducing the OS by converting our personal common shares to restricted, so the VC(Venture Capitalist) who owns the CD can dump them on the market.

They did not do this..as hundreds of companys dont..because its there assumption that most people who invest in stocks understand how the system works. Your statement company could have sold shares when the price was going up last month so everyone could benefit instead of dumping millions Shows you think it was RIGH who put those shares into the market...It was not..it was a VC who gave a loan to Potential Holdings, Inc the name of this stock prior to Aug 2009 when Right Smile took it over..by SEC rule and law when Right Smile took over Potential Holdings they also had to take on the Debt that came with the stock shell.

Its how the system works..but there seem to me far to many here that are unaware of that...the stock as Mickey likes to point out was at a 09 and fell to 0006...that 09 price was not any of Rights doing...it too came with the deal..Right Smile went public in Aug of 09 and was a start up company...it was not a big board IPO and at no time was it ever worth .10 a share..and ANYONE WITH ANY INVESTMENT KNOWLEDGE KNEW THAT. The only people who bought this at those high penny prices were people who did no DD and thought (thought being the key word) they were getting into a gold mine...and now their lack of understanding of what RIGH was in the beginning seems to be Right Smiles fault..when it was obvious as hell this was going to come down as they started up the new Right Smile business.