Replies to post #85976 on Rightsmile, Inc. (RIGH)

[Toxic Avenger]

Remember they stopped filing and the T/A is gagged, so the O/S is most likely back up to 30 billion.
And it simply takes one stroke of the pen to up the A/S to 65 billion.

And yes, everything I posted is correct, particularly the reason behind "share repurchases". ;-)

They're sneaky - I recall a midnight move to another filing state so they could up the A/S before - and then they didn't even announce it until well after the fact.

There's a reason they stopped filing. And it's not good for shareholders. ;-)

[FullDeck]

Incorrect. The Outstanding Shares were NOT lowered...

... at least as far as stockholders know.

As stockholders later learned (per the Sep 30 quarter filing), the total repurchase was just over 1.9 billion shares, bringing the total O/S down to 28 billion shares.

All shareholders "learned" is that Angel is still playing games with the financial statements and misreporting (by intentional omission) the O/S.

RIGH reported JUNE 2014 totals in the September 2014 Quarterly filing.

THAT total remains at about 30 BILLION. See chart below:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=129668


This was NOT done by accident, unless you believe Angel is totally incompetent. Angel has a reason for failing to report the September O/S totals in the September Quarterly report.

Stockholders are left to wonder why.

Also, regarding any "New" repurchase announcement, your quote:

On April 9th, BG released a press release that states, "BudGenius Announces Intention to Repurchase More Company Shares." In that press release, BG states the "Company is considering repurchase of up to 2 billion shares." This mirrors the press release on September 4th which states, "BG Announces Share Repurchase."

The new statement does NOT "mirror" the second at all.

Announcing an APPROVED share repurchase program is not the same as announcing "Company is CONSIDERING repurchase", especially given Angel's track record.

FINRA frowns on share repurchases that are not specifically approved by the Company. In RIGH's case- the Board of Directors' sole member and CEO- Angel.

Angel announced Board approval in the first PR, but not in the second. The second PR just announces a fuzzy "intention", i.e.:

http://ih.advfn.com/p.php?pid=nmona&article=66304175
'Bud Genius Announces Intention to Repurchase More Company Shares'

No Board of Directors' approval is mentioned.

It's much like a "Letter of Intention" that never has to be acted on but serves a promotional purpose nonetheless.

It's a shame words have to be parsed like this, but then... this is Angel.

Angel's history of missed and misleading financials, personally prepared, unaudited, and selectively reported (see June 30 O/S totals in snip above) makes it necessary.

But back to the Outstanding Shares- the last reported total from RIGH was for 29,999,999,468... call it 30 BILLION.

The last reported total for the O/S shows they have NOT BEEN LOWERED as of the date Angel chose to report... ridiculous.

Have a good weekend, all.

[my2Mustangs]

AS/OS FACTS. When Aaron increased the AS to 30B on Sept. 20, 2013 and gave away 29+ of the 30B AS as published at the OTC, RIGH already had 4.344B+(in the annual for 2012) in the OS before the 29B+ given to "those 3" sweetheart deals for unknown services/loans.

The 29B+ and the existing OS before that of 4.344B+ adds up to 34B+.

What's Aaron say about that?