Replies to post #84318 on Rightsmile, Inc. (RIGH)

[Burn Notice88]

$RIGH - Not so fast on the buyback my friend.

Quote:You posted it " "The company “feels the number of outstanding shares is too high… and is presently in discussion about ways to do more. As buybacks occur, the shares will be cancelled and the board will complete a resolution to reduce the authorized shares." - bgmedtech.com/ "


Never gonna happen....

"Copies of the completed resolution have been received by the Transfer Agent and have been sent to OTC Markets for reporting. The updates will be recorded at the state following the completion of other pending stock buybacks and will be shown in the company’s SEC filings in the next quarterly report."

http://investorshub.advfn.com/boards/replies.aspx?msg=107967740

First buyback was for 1.49 billion and was announced.
Second was for 500,000,000 (not announced but reflected in fins).
Third was recently announced and pending for 2 billion.

Announcements:

http://www.otcmarkets.com/stock/RIGH/news/Bud-Genius-in-Stock-Buyback-Talks?id=87141&b=y

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

http://www.otcmarkets.com/stock/RIGH/news/Bud-Genius-Announces-Intention-to-Repurchase-More-Company-Shares?id=101533&b=y

To Date:
1) *1.5 billion (30 billion OS - *1.49 = 28.5 OS) = 5%.
2) *500,000,000 (28.5 billion OS - 500,000,000 = 28 billion OS) = 1.50%.
3) Total buyback *2 billion for 6.50%.
*Rounded

http://www.otcmarkets.com/stock/righ/profile

Simple math of the O/S December 2013 - 29.9b.


Simple math of the O/S September 2014 - 28b.


Simple math of the shares being retired to date.

Old Sal Share Count – 26 billion



Latest Sal Share Count – 24 billion.


Total Sal Shares repurchased by the company by Sep 30, 2014 (per fins) = 1,939,000,000.


"Is the company going to do a buyback of stock?

We have received many shareholder requests to do a buyback to reduce the total outstanding shares of the company. We also feel the number of outstanding shares is too high. The company recently completed a buyback of nearly 5% of the company’s outstanding shares, and is presently in discussion about ways to do more. As buybacks occur, the shares will be cancelled and the board will complete a resolution to reduce the authorized shares."

http://bgmedtech.com/