MineralRite Corp (RITE)

[MegaMagician86]

They actually did not RAISE the Authorized Shares to 20 billion --- it has been at that level since Peckham did the merger into the Texas company --- look at the Q & A dated 3/28/2024.

Seems that they are trying to minimize the dilution that has been in the way of the stock because of all of the outstanding convertible bonds that were issued before new management took over. Seems that will be beneficial in the long run. Accretive acquisitions should be good too.