MineralRite Corporation (PK) (RITE) Cotización

Added!

Unsolicited quotes will have nothing to do with it.  The mergers will drive this stock to insanity abd not solicited quotes. 

I hope you're right about 1Q25.  Why do you think this? Is that when all the filings will be completed? Do you think the'll allow solicited trades then? 

no volume here

lol whats gonna happen in the first Qtr of 2025?

NOTHING

I just don't think you are equipped for otc, seriously your bipolar is an issue with you and I think you should leave.  You have no idea what you are talking about, this stock will shake up the otc in first qtr 2025.  Hopefully you will be gone or get the help you need.  Bipolar and otc investing is not a good combination.  Take your misery elsewhere. 

Why should it be .0008 rather than .0005

why are 0005s hitting? how is this still under 0008?

The SEC is the government; FINRA is only an SRO. Therefore, SEC supersedes. Most SEC filings automatically become effective after a certain period of time once Q & A is completed. I think Form 10 is 30 days. But SEC can deem it effective earlier. Becoming fully reporting is a big project; they likely have a reason. Seems like their latest release hints at things....

For young investors like us what is the time frame for this process? 

IMO...both issues that you seem to be griping about are not under RITE's control. FINRA has to approve the F reorganization which de facto takes care of the domicile and authorized share issue. For the unsolicited quotes only issue, what BD is going to sponsor a 15c-211 with the FINRA item pending? I suspect that the SEC Form 10 solves both.

Panhandling for volume still? Back to ra ra?
GTSM taking advantage of no PQE like they always do, box it in on low volume and buying pressure gets ghosted on the ask resulting in minimal share price movement.
They still havent given new information to the TA/OTCM with their AS raise of 20B instead of 5b thats reflected to the public on OTCM. Why?
A couple capital raises coming, hopefully they take care of the quotes issue first so the stock can move organically when the time comes.

nice updates, now for some big buys

MineralRite Corporation (RITE) Management Completes its Internal Preparation of Form 10

https://www.otcmarkets.com/otcapi/company/dns/news/document/79214/content

Dallas, Texas, December 17, 2024 –– Roughly two weeks ago, I took a pause from assembling the Company’s Form 10 filing to issue a brief corporate recap and update.

Today, I am happy to announce that the Company has now completed its work on Form 10 and management has forwarded it to corporate/securities counsel for their review. You may also recall that Form 10 can be used as the disclosure document for a Reg D Rule 506 offering and can be “reconfigured” for use in a Reg A.

Form 10 is a filing with the U.S. Securities and Exchange Commission (SEC) that companies use to register their securities under the Securities Exchange Act of 1934 (the 1934 Act). This form is typically used when a company voluntarily decides to become a public reporting company, that is, when a company proactively elects to register its securities with the SEC before it becomes legally required to do so.

In certain situations, it is mandatory for a company to become registered under the 1934 Act, such as when a company has more than 2,000 shareholders or it has more than 500 shareholders who are not accredited investors, and it has total assets exceeding $10 million. Certain other events can also trigger a company’s mandatory registration as well. For example, sometimes if a company is involved in a spinoff or a merger, a Form 10 may be filed to register new securities that may be issued in connection with these events.

While RITE is not yet required to file Form 10, management believes that the next phase of RITE’s development will require an infusion of capital; and management believes that being fully reporting will be highly beneficial in achieving this goal.

Over the last year, capital needs were handled by Company insiders. That is, the management team that was engaged to get the Company back onto the RITE path invested sufficient funds to cover the costs. To me, that says that the Company engaged the RITE team to do the job – a team that is confident, motivated, and invested – exactly the type of team you want to have in place for a turnaround situation.

Management knows that the Company will continue to need capital to support the acquisitions in our pipeline. That is why the Company has been gearing up to do a Reg D Rule 506 offering (aka “Pony Round”), which is targeting to raise $1.5 million. As soon as practical thereafter, the Company intends to move onto a Reg A offering. Form 10 will be helpful for both. Talks with funding groups for both raises are already underway.

I am still hoping to share a few more positive updates with you before year’s end.

Respectfully,
James Burgauer, President

Accumulation!

Try 7 years+. I like what I am seeing in the progress the new management is making. Paitience will win in the end of the day. The unsolicited qoute status is the main problem right now. The ducks are lining up though.

3+ years waiting to get out of trips! Constant PR but not real movement, it seems we will need contract agreements to get anything moving. I need .01¢+ to feel comfortable with direction company is moving in. So far only looking forward to regaining my investment! 

It really suck because I had big hopes for the ticker

take out the 0008s and 0009s already.
get this out of 000s now

TY I like this update very positive IMO

Quote
I also believe that having Form 10 data lodged with the SEC and publicly available will likely be helpful as RITE navigates through the targeted acquisitions in our pipeline.

$RITE MineralRite Corporation (RITE) Refocuses from its Past to its Future

https://www.otcmarkets.com/otcapi/company/dns/news/document/78900/content

Dallas, Texas, December 4, 2024 – Roughly thirteen months ago, Guy Peckham, former President and CEO of MINERALRITE™ Corporation (the “Company” or “RITE”), asked me if I would be willing to relieve him of his corporate duties so he could concentrate on fighting what ultimately turned out to be a terminal illness.

At the time I agreed to take on the task, RITE stock was trading in the $0.0002 to $0.0003 range. After taking the helm, I soon learned that there were a number of foundational issues that RITE would need to address in order for the Company to regain its footing and build for its future. So, with the help of my management team, we set out to do just that.

For the benefit of RITE’s newer shareholders and others who have not had the opportunity to follow the stock and the Company over the past year, we have:

corrected regulatory filings with various departments in the State of Texas;
completed the requisite change of control filings;
filed an application with the Alberta Securities Commission to revoke a decades-old CTO;
filed a FINRA case action to get their records fully current;
moved offices, updated our phone system, and built a new website;
registered as a Crafted Precious Metals Dealer;
developed a complete AML-CFT-KYC-COC compliance package;
established refinery accounts at various precious metal refineries;
reacquired certain intellectual property, inventory, and equipment;
completed a couple of small, mining-related consulting jobs;
eliminated certain time-barred obligations, generating some accounting profits in the process;
renegotiated some convertible obligations, saving over a billion shares in planned dilution;
reclaimed millions of previously issued shares, further reducing dilution;
legally noticed holders to release hundreds of millions of shares that remain locked in reserve;
legally noticed convertible obligation holders regarding alleged violations of Section 15(a)(1);
completed and passed financial audits for calendar years 2022 and 2023;
started the Form-10 process to re-register under the Securities Exchange of Act of 1934;
raised seed money from various subject-matter expert advisors and consultants;
engaged with investment groups to fund a Reg D Rule 506 Offering; and
begun discussions with broker-dealers to fund the follow-on Reg A Offering.
Today, roughly one year after I officially accepted the position of President and CEO, RITE stock is now trading in the $0.0005 to $0.0007 range.

As I write this update, the Company is still working to finish both the FINRA and the Alberta Securities Commission projects and is engaged in discussions with the SEC to best navigate the release of those locked share reserves. To that end, I can only say that even though RITE still awaits responses from the regulators on each of these three items, as far as I am concerned, the rest of the clean-up is now done and over with.

The next phase of RITE’s business plan will require an infusion of capital. To that end, RITE is actively engaged in discussions with several funding sources who recently approached us with offers to help advance our forward-looking agenda. To support those discussions, and to further RITE’s future development, RITE is well on its way in the process of assembling an SEC Form 10 filing.

For those who are unfamiliar with a Form 10, it is a document that is filed with the SEC under the Securities Exchange Act of 1934. A Form 10 is primarily used by companies that are registering to become publicly traded entities (i.e., to list their securities on a national securities exchange) or by companies that are required to report to the SEC due to their size or type of business operations.

Back in 1999, the Company chose to become a voluntary filer under the ’34 Act by filing a Form 10. Then, for many years the Company properly filed its 10-Ks and 10-Qs to annually and quarterly update its filing. However, in 2018, RITE filed a Form 15 which essentially relieved it from the requirements of future Form 10-related filings.

It is my belief that, for RITE to achieve its forward goals, RITE needs to once again become fully reporting under the ’34 Act. As far as I am concerned, a Form 10 filing is the best way to accomplish this. My opinion notwithstanding, filing a Form 10 is known to be a rather daunting task – the Office of Management and Budget specifically states on the face of Form 10 that the “Estimated average burden hours per response is 219.53” – which translates into roughly five and a half weeks of work.

I know that RITE is going to need the data equivalent of a Form 10 in order to file the Form 1-A that the Company will need for its upcoming Reg A offering. I also know that RITE can use the Form 10 as its disclosure documents for its Reg D Rule 506 offering as well. I also believe that having Form 10 data lodged with the SEC and publicly available will likely be helpful as RITE navigates through the targeted acquisitions in our pipeline. So, from my perspective, getting this job done now will be instrumentally helpful to RITE in a number of different ways.

I hope to have the first draft of Form 10 completed by year’s end. However, the timing of actually filing it still requires a bit of contemplation because of the rules covering the timeliness of the financial statements it contains and the timing of the Company’s upcoming audited year-end financial reports.

As things progress, I also hope to be able to share a few more positive updates with you before year’s end.
Bullish
Bullish

If this letter doesn't answer your questions, then what will? Great post. NOW is the time to BUY!

so what is taking so long to get that removed?

new tier OTCID coming to Pink stocks/ OTC in June of 2025

$RITE MineralRite Corporation (RITE) Refocuses from its Past to its Future

https://www.otcmarkets.com/otcapi/company/dns/news/document/78900/content

Dallas, Texas, December 4, 2024 – Roughly thirteen months ago, Guy Peckham, former President and CEO of MINERALRITE™ Corporation (the “Company” or “RITE”), asked me if I would be willing to relieve him of his corporate duties so he could concentrate on fighting what ultimately turned out to be a terminal illness.

At the time I agreed to take on the task, RITE stock was trading in the $0.0002 to $0.0003 range. After taking the helm, I soon learned that there were a number of foundational issues that RITE would need to address in order for the Company to regain its footing and build for its future. So, with the help of my management team, we set out to do just that.

For the benefit of RITE’s newer shareholders and others who have not had the opportunity to follow the stock and the Company over the past year, we have:

corrected regulatory filings with various departments in the State of Texas;
completed the requisite change of control filings;
filed an application with the Alberta Securities Commission to revoke a decades-old CTO;
filed a FINRA case action to get their records fully current;
moved offices, updated our phone system, and built a new website;
registered as a Crafted Precious Metals Dealer;
developed a complete AML-CFT-KYC-COC compliance package;
established refinery accounts at various precious metal refineries;
reacquired certain intellectual property, inventory, and equipment;
completed a couple of small, mining-related consulting jobs;
eliminated certain time-barred obligations, generating some accounting profits in the process;
renegotiated some convertible obligations, saving over a billion shares in planned dilution;
reclaimed millions of previously issued shares, further reducing dilution;
legally noticed holders to release hundreds of millions of shares that remain locked in reserve;
legally noticed convertible obligation holders regarding alleged violations of Section 15(a)(1);
completed and passed financial audits for calendar years 2022 and 2023;
started the Form-10 process to re-register under the Securities Exchange of Act of 1934;
raised seed money from various subject-matter expert advisors and consultants;
engaged with investment groups to fund a Reg D Rule 506 Offering; and
begun discussions with broker-dealers to fund the follow-on Reg A Offering.
Today, roughly one year after I officially accepted the position of President and CEO, RITE stock is now trading in the $0.0005 to $0.0007 range.

As I write this update, the Company is still working to finish both the FINRA and the Alberta Securities Commission projects and is engaged in discussions with the SEC to best navigate the release of those locked share reserves. To that end, I can only say that even though RITE still awaits responses from the regulators on each of these three items, as far as I am concerned, the rest of the clean-up is now done and over with.

The next phase of RITE’s business plan will require an infusion of capital. To that end, RITE is actively engaged in discussions with several funding sources who recently approached us with offers to help advance our forward-looking agenda. To support those discussions, and to further RITE’s future development, RITE is well on its way in the process of assembling an SEC Form 10 filing.

For those who are unfamiliar with a Form 10, it is a document that is filed with the SEC under the Securities Exchange Act of 1934. A Form 10 is primarily used by companies that are registering to become publicly traded entities (i.e., to list their securities on a national securities exchange) or by companies that are required to report to the SEC due to their size or type of business operations.

Back in 1999, the Company chose to become a voluntary filer under the ’34 Act by filing a Form 10. Then, for many years the Company properly filed its 10-Ks and 10-Qs to annually and quarterly update its filing. However, in 2018, RITE filed a Form 15 which essentially relieved it from the requirements of future Form 10-related filings.

It is my belief that, for RITE to achieve its forward goals, RITE needs to once again become fully reporting under the ’34 Act. As far as I am concerned, a Form 10 filing is the best way to accomplish this. My opinion notwithstanding, filing a Form 10 is known to be a rather daunting task – the Office of Management and Budget specifically states on the face of Form 10 that the “Estimated average burden hours per response is 219.53” – which translates into roughly five and a half weeks of work.

I know that RITE is going to need the data equivalent of a Form 10 in order to file the Form 1-A that the Company will need for its upcoming Reg A offering. I also know that RITE can use the Form 10 as its disclosure documents for its Reg D Rule 506 offering as well. I also believe that having Form 10 data lodged with the SEC and publicly available will likely be helpful as RITE navigates through the targeted acquisitions in our pipeline. So, from my perspective, getting this job done now will be instrumentally helpful to RITE in a number of different ways.

I hope to have the first draft of Form 10 completed by year’s end. However, the timing of actually filing it still requires a bit of contemplation because of the rules covering the timeliness of the financial statements it contains and the timing of the Company’s upcoming audited year-end financial reports.

As things progress, I also hope to be able to share a few more positive updates with you before year’s end.

We are waiting for FINRA to remove the conditions. Filings and paperwork have ben done.
"Warning! This security is eligible for Unsolicited Quotes Only"

wait for what? volume is weak

unless you buy 50M shares at 0007 or 0008 nothing important is happening here

We need more than a one day run up to 40%. $RITE is the correct decision but after 5 years ones patience runs thin. 

All the $RITE steps forward but no rise in share price! Currently at a loss with my investment in $RITE waiting and hoping! 

Let's see what Friday brings, I hope no slide. 

You have'nt seen anything yet. Wait for it...

----BORING----

That would kill anything good happening. 99-100 % of the time the stock goes right back to where the split happened and destroys the shareholders. Fact! 

Specifically, I believe RITE addressed this subject on December 27, 2023, in the forma of a Shareholder Memo which can be seen at: https://mineral-rite.com/wp-content/uploads/2023/12/02-2023-12-27-Letter-to-RITE-Shareholders-RE-Stock-Splits_-Forward-and-Reverse.pdf

I believe they've stated there won't be one 

Soooo, when do we expect a reverse split to be announced? 

$RITE - "An advisor just attended the Grant Cardone 10X Wealth Conference 2024 in Aventura, FL where Q&A turned to pink sheet stocks. $RITE certainly believes there are opportunities to be found in the OTC Pinks. #MineralRite #RITE #InvestorRelations #OTCMarkets #RITEplace #RITEtime"

https://x.com/Mineralrite/status/1858876854163382365

on 001 brek

This stock will shake up otc, you can tell from prs that ceo will bring on mining mergers not yet seen in otc.  He has checked off all the items on a shell checklist, then reg a phase 2. 

POS IS COOKING

Any new update will send this past 001

$RITE

Looks good!

a couple nice block hits at 0007

YW........hope she runs like a raped ape.......lol

Z

Glad your here

$DDAmanda Chart on $RITE:

Questions/Support: 760 702-2009 - Hans@DDAmanda.com

#DDAmanda Christmas Special Signup:

https://ddamanda.com/SignUpXMAS.php

still unsolicited quotes only lol 0006

So this went from dog feces, junk and no bid wah wah's on your previous posts.... to:
Copper-silver chants weeks later? 🤣
That didnt take long to show the flip flop and true colors.
These boards used to be a good source of information now its just a cesspool of fakes and deception... exhibit A.
Keep the posting though, its actually making the share price move up. (sarcasm)
Also be sure to post that buy screenshot on Monday (again, sarcasm, bc we know that aint happening)

Fasten your seat belt!

Will be Alright soon!

RITE 0008 run to copper? silver?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175358057

adding more on Monday

BREAKOUT HERE! Congrats Neb! Anyone else noticing the stocks are starting to MELT-UP since Wednesday??? Could be another 2021 type move till Jan 20th and beyond imo

$RITE .0008 Hit. Now at 52 week high

$RITE$$$$ 4.4B O/S? T A VERIFIED 11/4 https://www.otcmarkets.com/stock/RITE/security

5 year chart looks ready for a big move here. $RITE

We hit 0.0007 this might be the beginning of the inevitable