#RIGH. Let's recall what Angel said a few weeks ag
Post# of 5949
Posted On: 11/07/2014 2:43:53 PM
#RIGH. Let's recall what Angel said a few weeks ago...
"Buyback Completed as Promised: Bud Genius Announces New Lower Outstanding and Authorized Shares - More Buybacks Planned
Sep 18, 2014
OTC Disclosure & News Service
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The directors of Rightsmile, Inc., also known as Bud Genius, Inc., have successfully completed a reduction of nearly 5% of the outstanding and authorized shares of the company’s common stock. Following the completion of a share buyback, the board passed a resolution to lower the authorized shares of the company's common stock by 4.99% following a stock buyback, which was confirmed by the stock transfer agent yesterday. The company will continue its repurchase efforts.
... CEO Angel Stanz had this to say: “In the past we had to do some drastic things to secure our funding, but now we are in a much better position and we can use our new subsidiary to leverage our stock. I want to buy more. The outstanding shares of the company are too high, we will continue to work on it, and we will continue to lower the authorized shares every time we make progress. We have a lot more to do, and I intend to take advantage of the opportunity now to buy our stock back at a strong price advantage.”
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."
The quarterly report is due on (or about November 15th).
"Buyback Completed as Promised: Bud Genius Announces New Lower Outstanding and Authorized Shares - More Buybacks Planned
Sep 18, 2014
OTC Disclosure & News Service
-
The directors of Rightsmile, Inc., also known as Bud Genius, Inc., have successfully completed a reduction of nearly 5% of the outstanding and authorized shares of the company’s common stock. Following the completion of a share buyback, the board passed a resolution to lower the authorized shares of the company's common stock by 4.99% following a stock buyback, which was confirmed by the stock transfer agent yesterday. The company will continue its repurchase efforts.
... CEO Angel Stanz had this to say: “In the past we had to do some drastic things to secure our funding, but now we are in a much better position and we can use our new subsidiary to leverage our stock. I want to buy more. The outstanding shares of the company are too high, we will continue to work on it, and we will continue to lower the authorized shares every time we make progress. We have a lot more to do, and I intend to take advantage of the opportunity now to buy our stock back at a strong price advantage.”
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."
The quarterly report is due on (or about November 15th).
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