MineralRite Corporation (PK) (RITE) Quote

That was a better retort!! The beautiful thing about life is you get to follow your own path!! The problem arises when someone tries to steer someone else's wheel!! Till next time Chartmiester!!

Aim to be happy! Peeps always say zip code changer, but like Richard Pryor in the movie moving, if you're happy where you're at DON"T MOVE!

I seen the bearish BB charts, not good, I hope RITE can recover from the nasty dip

Agreed $RITE- back to .002’s+ for next week

Easily caught retail pull down and attempted bear trap. This will ride back over into .002’s + as there was nothing of substance or dilutive overhang to warrant this drop.

If you're going to chime in give your thesis!!

Ok if you say so

F that Chartmiester!! That's your opinion and it's one that's always shared by someone without it!! Bezos, Musk and Trump has had the world in their palms for a long time!! Now given my circumstances I will come nowhere close but I can carve out my own version if I make the right moves!!

big boards likely topped for 2025

so special stocks with new CEO and turnaround plans like RITE in the OTC should flourish

there are not too many stocks in the OTC like RITE

RITE will be OTCID by mid year and my bet is management is working on that 15c2-11 as we speak

i wonder if the NEW CEO can get RITE to OTCQB in 2025, unless he has bigger aspirations like NASDQ in 2026

Nice detailed Response from Investor Relations TY Ribo

$RITE, Subjects of share issuance and dilution

Investor Submitted Q&A
Q: | 02/26/ 2025 | Are there shares coming off of restriction?
02/26/2025. JP asked:

Q: I have heard that certain investors, holders or insiders may soon be able to sell shares they purchased in low .000’s. Is this true? And if so, how many shares?

A: There are many nuances to your question which is why we have responded to you with a longer, more detailed answer. We hope this will help you better understand that there are multiple issues at play here.

Investors who bought the stock from their brokers before early January 2025 would have bought the stock in the 000’s and could sell the stock without restriction at any time. Since buying and selling stock in the market is commonplace, this is presumably not what you meant by your question.

Therefore, we assume that you are likely asking about investors who acquired the stock directly from the Company.

There are only three groups that have recently acquired stock directly from the Company plus there are some legacy holders that previously acquired stock years earlier. The three recent groups are: (1) the holders of Series NMC $25 preferred who were just given stock in the acquisition; (2) the holders who purchased Series D $25 preferred since late December when it became available; and (3) the independent contract advisors of RITE who have purchased Series C preferred pursuant to their contracts.

Series NMC and Series D holders have not owned shares long enough to qualify under Rule 144, so these shares would still be restricted and thus they would not be able to be sold.

There are a few Series C who have potentially held their shares long enough to qualify under Rule 144. However, these individuals (and in fact all three of the above-named groups) all own PREFERRED STOCK, and only RITE COMMON STOCK trades in the market. As such, these investors would have had to convert their preferred stock into common stock and then get the restriction removed — that means, tack their holding period under 3(a)9, qualify under Rule 144, obtain an opinion letter, and deposit their shares with a brokerage firm. This has not happened either.

That leaves the legacy holders who might hold (restricted or unrestricted) shares at the transfer agent and/or at a brokerage firm.

Restricted shares at the transfer agent would require the restriction to be lifted, as described above. Then, once the restriction is lifted (as described above), they would have to deposit their shares at a brokerage firm, and that is likely to be quite a challenge until the FINRA problem is resolved and the 15c-211 issue has been completed. This may not be impossible, but rest assured it would be quite difficult. We have been assured by the transfer agent that this has not occurred.

That leaves the legacy holders who hold shares at a brokerage firm. These shares would appear to us on shareholder records just like all other shares that have been bought in the market — that is, they would be titled in DTC’s nominee name of CEDE & Co. If it is about these shareholders that you questioning, please be aware that these shares could have been sold at any time over the last several years since the last change in the number of shares held by CEDE &Co. occurred in 2020 (except for the decrease in shares as a result of the share cancellation we arranged in June of 2024). As such, there is nothing special about the present time that would not have been equally applicable for the last several years.

We hope that this helps you to better understand that many dynamics are at play in this question. We also hope that you realize that we pay close attention to the subjects of share issuance and dilution, which is why the shares issued in the NMC transaction are subject to a sinking fund

https://mineral-rite.com/investor-relations/

Wow, awesome response and very transparent. Gives me confidence RITE is running a tight ship and understands the capital structure very well. 

Everything worked out today just as we expected. The ask did get to .002 just for a second, even though there were no trades above .0017

$RITE, Subjects of share issuance and dilution

Investor Submitted Q&A
Q: | 02/26/ 2025 | Are there shares coming off of restriction?
02/26/2025. JP asked:

Q: I have heard that certain investors, holders or insiders may soon be able to sell shares they purchased in low .000’s. Is this true? And if so, how many shares?

A: There are many nuances to your question which is why we have responded to you with a longer, more detailed answer. We hope this will help you better understand that there are multiple issues at play here.

Investors who bought the stock from their brokers before early January 2025 would have bought the stock in the 000’s and could sell the stock without restriction at any time. Since buying and selling stock in the market is commonplace, this is presumably not what you meant by your question.

Therefore, we assume that you are likely asking about investors who acquired the stock directly from the Company.

There are only three groups that have recently acquired stock directly from the Company plus there are some legacy holders that previously acquired stock years earlier. The three recent groups are: (1) the holders of Series NMC $25 preferred who were just given stock in the acquisition; (2) the holders who purchased Series D $25 preferred since late December when it became available; and (3) the independent contract advisors of RITE who have purchased Series C preferred pursuant to their contracts.

Series NMC and Series D holders have not owned shares long enough to qualify under Rule 144, so these shares would still be restricted and thus they would not be able to be sold.

There are a few Series C who have potentially held their shares long enough to qualify under Rule 144. However, these individuals (and in fact all three of the above-named groups) all own PREFERRED STOCK, and only RITE COMMON STOCK trades in the market. As such, these investors would have had to convert their preferred stock into common stock and then get the restriction removed — that means, tack their holding period under 3(a)9, qualify under Rule 144, obtain an opinion letter, and deposit their shares with a brokerage firm. This has not happened either.

That leaves the legacy holders who might hold (restricted or unrestricted) shares at the transfer agent and/or at a brokerage firm.

Restricted shares at the transfer agent would require the restriction to be lifted, as described above. Then, once the restriction is lifted (as described above), they would have to deposit their shares at a brokerage firm, and that is likely to be quite a challenge until the FINRA problem is resolved and the 15c-211 issue has been completed. This may not be impossible, but rest assured it would be quite difficult. We have been assured by the transfer agent that this has not occurred.

That leaves the legacy holders who hold shares at a brokerage firm. These shares would appear to us on shareholder records just like all other shares that have been bought in the market — that is, they would be titled in DTC’s nominee name of CEDE & Co. If it is about these shareholders that you questioning, please be aware that these shares could have been sold at any time over the last several years since the last change in the number of shares held by CEDE &Co. occurred in 2020 (except for the decrease in shares as a result of the share cancellation we arranged in June of 2024). As such, there is nothing special about the present time that would not have been equally applicable for the last several years.

We hope that this helps you to better understand that many dynamics are at play in this question. We also hope that you realize that we pay close attention to the subjects of share issuance and dilution, which is why the shares issued in the NMC transaction are subject to a sinking fund

https://mineral-rite.com/investor-relations/

U might be a bit too greedy, too much money is a curse imo, U get spoiled and you lose all value of the dollar...always aim to be rich but take the money when you have achieved your goal!

Nice bounce here today!

If they're done it can go right back to .003!!

Hit it for a million at 15 and only got 425000. Thinning out nicely!

Just got very thin 

I like all my conversations above board Chartmiester!! I've heard your dividend story before...... Sure!! What's money if you have to live like you're on a Pension?? Unlike you I have a heavy sack and it just won't allow me to accept being mediocre!!

Fingers crossed lol. I won't hold my breath .

I took1.5 million 13's .

seems to be moving up on lighter vol. we wil se how many flippers bought at .0011 trying to make some spare cash

They did, but lightening up. Only had 1.5 million at .0014

taking out .0015 should get us close to .002's today.

moving easier now. maybe .002's by eod.

GTSM has the printing press on full blast

A good afternoon push could take this to .002 in a hurry. GTSM will lay off the shenanigans soon

Holding all OTC for the big rebate!

You're 99% wrong about everything Chartmiester!! Lol 😂

Absolute gifts at this level.

MM Shenanigans are almost done and we’ll be looking back saying I can’t believe I was able to buy .0013s .0014s .0015s

I would buy the 13's but had telling how many they have hidden . After yesterday's poor showing traders hesitant. This will move back up . 911 trade

Globe Small Cap Research on $RITE
Principal focus of Mineral Rite (Pink: $RITE) is on mining and mineral management; mineral processing; and liberation of the values contained in its mineral property assets-  Trading at: $0.0028 USD (2/19/25) Market Cap: $11.3M 52-week range: $0.0002-$0.0038
https://www.dropbox.com/scl/fi/mxeoczql8smlxz5tcv621/RITE-Corporate-Report-February-2025-FNL.pdf?rlkey=kohrjemq6lu3w9rc8pgrj1295&st=31843s41&dl=0

someone bought 6M shares at 0034 so we all know how easy it is to smash a wall down at these levels

RITE already submitted the FORM 10-12G so now they await approval to be a fully SEC reporting company

then things go from there

I think March-May will be very critical months and positive months for RITE the company and the stock

im sure we will hear from the company on funding updates in the coming weeks

im more interested in the $300,000,000 in funding from an international source coupled with the new RITE Precious Metals LLC

https://x.com/slfairless/status/1892951532808654903

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175842122

Just like no taxes on Social security lol. Don't hold your breath.

Ask is very thing the question is will GTSM let her climb a bit

Nice 5 million buy a .0012. Need a lot more of those

I heard Sept or Oct or when they are done with the USA Doge audit

Stimulus checks is why 2021 happened

No, that's not rite, it's the great American dividend, everyone is getting a check! Everyone who pays taxes!

We should see a nice recovery here today. No reason why we shouldn't bounce back to upper teens/low 002s.

$RITE

Investor hoping for government checks is unbelievably ignorant. Answer this question where will it come from DOGE reported numbers are all off! 

Ppl hyped about numbers that are total BS! 

I am bullish on $RITE the CEO is making the RITE moves! 

I was a little surprised to see the pull back but we will be in the RITE direction! 

That would probably be a year or so.  Idk 
I beleive it will take at least that to get in position .

$RITE easily headed back up north

NOT HARD TO SEE THE RETAIL SELL OFF- but it will be two days lived. Today will move back NORTH after the intentional overreaction - the pps should recover around 15-18 area.
Next week back to .002+ here.

RITE --RSI 33

yes, i was surprised to see this hit .0010 today, especially on heavy volume. Maybe RITE stock just ran to far too fast and needs a complete reset plus if the company is on better footing and the stock wants to resume an uptrend, big churn like this is necessary to find new buyers and sellers. i thought it had consolidated well above .0020 but obviously, market makers found a way to shake it all the way down to .0010



however, it would appear that some big buying went through at .0010-.0015 today




https://mineral-rite.com/investor-relations/

https://www.otcmarkets.com/stock/RITE/news/MINERALRITE-Corporation-Symbol-RITE-Announces-Filing-of-FORM-10-12g-through-EDGAR?id=468166

https://www.sec.gov/edgar/browse/?CIK=1096296&owner=exclude

https://www.sec.gov/Archives/edgar/data/1096296/000153949725000723/n4863_x1-1012g.htm

all this progress and yet the stock loses support at .0018 after 500,000,000 shares traded above .0020 for a couple weeks and then collpapses out of no where today on no news is rather peculiar indeed
maybe a market maker was selling to another market maker?
either way, RITE will have to get back above .0018-0020 area to restore some investor confidence and only then will it have a chance to test .0025-0030 area

i still think Unsolicited Quotes Only is part of the problem here and maybe RITE wont breakout above .0035 until it is officially removed

an awful lot of work has been done by the NEW CEO of RITE over the past 12-24 months so RITE at .0011 doesnt seem warranted, i truly believe this should be trading at .0025-.0030.

will be interesting to see how its trades Thursday and Friday and for the entire month of March as the CEO is working on a REG A filing and a possible REG S for even more money

You riding him like a new bike on Xmas 🎄!! Lol 😂

Goodness, with every word this person proves they have no idea about anything.

My theory is that a stimulus is given to all including the Otc!! Those who get that check will not be looking for a trip penny stock but of course that's my theory!!

RITE WHAT A ROUTE!! https://www.barchart.com/stocks/quotes/RITE/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);ACCUM;MFI(14,100);STOSL(14,3);RSI(14,100)&sym=RITE&grid=1&height=500&studyheight=100

no divy checks coming . if you owe taxes you get a rebate is
all and you don't have to pay as much tax. so no $5k divy
checks coming for all. the rebate is for taxpayers so if you don't owe
any tax you don't get any money.
https://www.bitchute.com/video/t0raJjxU1mQt

Forget the charts, now peeps hoping to the government cheese holding back bags!

What platform did you view that on? Thank you in advance! 

Reason for the recent drop?