Replies to post #21352 on MineralRite Corp (RITE)

[Nebuchadnezzar]

it's all about SEC/FINRA clearance, book value, assets on balance sheet, join ventures and any cash raised to further progress as set out by new CEO

cash raised goes down on balance sheet as assets

the market then decides what valuation to give RITE

if they have minimum $400,000,000 assets on the balance sheet then you take that number and divide it by shares outstanding and you get a book value price per share, thus the importance of share cancellations or dilution tied to any base asset value, ergo, the $.031 book value number presented PUBLICLY to the market a few months ago

consolidation btwn .0060-..0090 should be expected, nothing goes straight up unless a company is being acquired or a company is spinning off assets for cash