CEO Angel Stanz Email #13, Randy Schneider's depos
Post# of 5949
Posted On: 04/25/2014 11:03:48 AM
CEO Angel Stanz Email #13, Randy Schneider's deposition videos
Angel Stanz (BG Medical)
To Me
Mar 11, 2014
BN,
I was forwarded web links to Randy's deposition videos via Twitter by what I assume is a stock forum follower. While I had been previously unaware of the videos until tonight, they are mildly interesting. I do not frequent stock boards. While I do not consider this a wide public issue, I imagine that shareholders present upon the boards you frequent have reviewed these videos and may have some questions. Feel free to post this correspondence however you may find it prudent to do so. I will verify this content if asked.
Comments regarding the videos:
- All of the information in the video predates BG Medical's involvement in RightSmile by 12+ months.
- The lawyer speaking in the video appears to be pushing to make a link between several entities, including Baron Capital, TGGI, RIGH, and Matt Dwyer. I have no significant information on Dwyer's actions in RIGH prior to BG Medical's involvement.
- In the early months of the reverse merger between RIGH and BG Medical, a relationship was temporarily held with Baron Capital and Matt Dwyer. This is reported in previous filings. By end of Q2 2012, this relationship ceased to serve the ongoing interests of BG Medical.
- Debt positions held by third parties in RIGH, including those allegedly involving Matt Dwyer, were strongly negotiated downward to minimize the net effect of poor decisions by previous management. Considerable time, effort, and strategy have been directed at cleaning up all such positions within the entity.
- RIGH held limited public communications during this "clean up" period, with the end goal of removing debt/share positions that benefited neither shareholders nor the ongoing operations of the company. This period is now coming to a close and shareholder communications are expected to resume upon completion of recent filings.
- During this cleaning period, I was in communication with Randy regarding the 67k shares. Referencing Mr. Schneider's statements in the video, he no longer holds these certificates. Schneider has expressed no interest in reapplying for these certificates as he has stated they were dutifully reassigned. They are currently presumed lost. Should they reappear, the nature of these certificates would require action on behalf of RIGH Board of Directors before any such shares would be allowed to enter the market. No action has been taken and none is planned.
Lastly, a truly investigative mind should question the purpose (and legality) behind the release of these videos. It is apparent than an individual close to this case appears to have access to restricted materials and a sizable axe to grind. It would seem they also have a vested (and perhaps financial) interest in being disruptive. To that end, I offer the following clear statements to preemptively dispose of any misleading deceptions or falsely perpetrated illusions: BG Medical has taken great lengths to distance itself and insulate the RIGH entity from past management practices present within the company prior to the BG Medical merger on Jan 18, 2012. This has been an enduring road for both shareholders and company, resultant in pronounced success. Other than infrequent passing conversations with Mr. Schneider related only to ensuring the ongoing stability of the entity and insulation from aforementioned bad actors, all communication and active known relationships have been severed with individuals named in the Schneider deposition videos.
Should there be any question to the validity of these statements, contact me directly.
With Regards,
Angel Stanz, CEO
BG Medical Technologies, Inc.
RightSmile, Inc.
*************@bgmedtech.com
**********************
Angel Stanz (BG Medical)
To Me
Mar 11, 2014
BN,
I was forwarded web links to Randy's deposition videos via Twitter by what I assume is a stock forum follower. While I had been previously unaware of the videos until tonight, they are mildly interesting. I do not frequent stock boards. While I do not consider this a wide public issue, I imagine that shareholders present upon the boards you frequent have reviewed these videos and may have some questions. Feel free to post this correspondence however you may find it prudent to do so. I will verify this content if asked.
Comments regarding the videos:
- All of the information in the video predates BG Medical's involvement in RightSmile by 12+ months.
- The lawyer speaking in the video appears to be pushing to make a link between several entities, including Baron Capital, TGGI, RIGH, and Matt Dwyer. I have no significant information on Dwyer's actions in RIGH prior to BG Medical's involvement.
- In the early months of the reverse merger between RIGH and BG Medical, a relationship was temporarily held with Baron Capital and Matt Dwyer. This is reported in previous filings. By end of Q2 2012, this relationship ceased to serve the ongoing interests of BG Medical.
- Debt positions held by third parties in RIGH, including those allegedly involving Matt Dwyer, were strongly negotiated downward to minimize the net effect of poor decisions by previous management. Considerable time, effort, and strategy have been directed at cleaning up all such positions within the entity.
- RIGH held limited public communications during this "clean up" period, with the end goal of removing debt/share positions that benefited neither shareholders nor the ongoing operations of the company. This period is now coming to a close and shareholder communications are expected to resume upon completion of recent filings.
- During this cleaning period, I was in communication with Randy regarding the 67k shares. Referencing Mr. Schneider's statements in the video, he no longer holds these certificates. Schneider has expressed no interest in reapplying for these certificates as he has stated they were dutifully reassigned. They are currently presumed lost. Should they reappear, the nature of these certificates would require action on behalf of RIGH Board of Directors before any such shares would be allowed to enter the market. No action has been taken and none is planned.
Lastly, a truly investigative mind should question the purpose (and legality) behind the release of these videos. It is apparent than an individual close to this case appears to have access to restricted materials and a sizable axe to grind. It would seem they also have a vested (and perhaps financial) interest in being disruptive. To that end, I offer the following clear statements to preemptively dispose of any misleading deceptions or falsely perpetrated illusions: BG Medical has taken great lengths to distance itself and insulate the RIGH entity from past management practices present within the company prior to the BG Medical merger on Jan 18, 2012. This has been an enduring road for both shareholders and company, resultant in pronounced success. Other than infrequent passing conversations with Mr. Schneider related only to ensuring the ongoing stability of the entity and insulation from aforementioned bad actors, all communication and active known relationships have been severed with individuals named in the Schneider deposition videos.
Should there be any question to the validity of these statements, contact me directly.
With Regards,
Angel Stanz, CEO
BG Medical Technologies, Inc.
RightSmile, Inc.
*************@bgmedtech.com
**********************
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