MineralRite Corp (RITE)

[DreamGreen]

If you see a 15-12g filed by a company that has been dormant you can usually expect to see them start submitting their financials to get OTC Pink Current. The last SEC filing the company filed was in 2015 until they filed the 15 on Friday. Pair that with a 13g showing someone accumulating a large amount of shares, it points to good news.

It would cost 100,000's of thousands of dollars to bring the company current with SEC filings and just a fraction of that to bring it OTC Pink current. Not to mention the time it saves.

So in this situation it is a good thing.


You would not want to see your big board stock go dark and get moved down to trading the OTC but in RITE's case it shows something is happening.