MineralRite Corp (RITE)

[WealthyBuy]

..DILUTION..SCAM..ALERT..The Company valued the derivative liabilities at September 30, 2014 at $4,258,201 (including a $1,813,208 liability on the Company’s shortage of its remaining common shares authorized for issuance compared to the number of shares required for full conversion if its convertible debt). The Company recognized a change in the fair value of derivative liabilities for the three months ended September 30, 2014 and 2013 of $2,635,411 and $(1,061 ), respectively, which were charged to operations. The Company recognized a change in the fair value of derivative liabilities for the nine months ended September 30, 2014 and 2013 of $3,605,284 and $238,297, respectively, which was charged to operations. In determining the indicated values at September 30, 2014, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.02% to .13%, volatility ranging from 248.26% of 394,74%, trading price of $0.0002 and a conversion prices ranging from $0.00004 per share to $0.00064 per share.

SCAM..SCAM