MineralRite Corp (RITE)

[Nebuchadnezzar]

$RITE nice close!


i guess you really have not read much of any of the flings since the new CEO took over now have you?

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

https://www.otcmarkets.com/stock/RITE/disclosure

i suggest you comb through it very carefully, there's a lot of great information there

the only insider associated with RITE that would be required to file any forms with SEC is in fact CEO James BURGAUER

James stated he wants an independent BOD so i assumed if that is assembled and RITE has a board of directors, they in turn would be considered insiders, should they buy RITE common stock on the open market, they would be required to file a FORM 4 with the SEC

and remember, that PENNY STOCK EXEMPT status is a big deal here

the only other people required would be individual shareholders who hold over 10% of the common stock and or private equity firms or public firms that have acquired stock where laws require them to disclose positions either via fiduciary duties or 13-F flings (correct me if i am wrong here)

if you actually read the filings, you would understand what is happening here

if you didnt even at least gamble on RITE in the 000s, that's your own stupidity

this could be one of the best investments of all time for some people, especially if you got in the .0001-.0009 range and depending on how things go from here, so far, since RITE rose from the dead from EXPERT MARKET, things have gone very well, the CEO has put words into action, many would argue that this trend will continue. It's very rare to see a stock not only come out of EXPERT MARKET in the OTC, but thrive, and we might only be in the first or second inning

i could write a thesis on what I have followed over the past 12-18 months here with RITE but I will save that for a later date

i could write a thesis on understanding level 2 trading, big boards or OTC, solicited quotes or unsolicited quotes

there is a special two word term for what is/and/or happening here but i doubt you are smart enough to figure out what that two word financial term is, its RARE in the OTC and its not a term many people would even think about looking up.

anyways, will see how this trades for the rest of the week but as long as it holds $.01 thats all that matters near term and based on the volume/trading activity we have seen just over Friday, monday and today (tuesday) it would appear that RITE will stay above $.01 as we are in a new paradigm shift and or RITE is being re-rated based on further developments such as funding, no comment from SEC (delayed because of shutdown) FINRA cleanup in regards to unsolicited quotes only or even the meteoric rise in gold prices.

i will eventually go into a deeper dive on RITE's trading history since the new CEO James OTTO Burgauer took over as CEO

anyways, as i said in my post yesterday, when you see $150,000 go through in two trades (around $0.0135-.0145) in an OTC stock (AT THE ASK) that just broke above $0.01, you should probably pay attention, likely means someone bigger than retail has entered the ring

we shall see what the future holds

-NEB