web analytics
-2.1 C
Munich
Sunday, November 27, 2022

MineralRite Corporation (OTCMKTS: RITE) Heating Up as Reverse Merger Play Puts up New Website and Files Quarterly & Annual Reports

MineralRite Corporation (OTCMKTS: RITE) is off the expert market releasing both a quarterly and annual report last week on OTCMarkets. The stock is quickly getting noticed by investors and traded $90,000 in dollar volume on Friday alone. The Company also created a new website located here: https://www.mineralritecorp.com/ and re-registered the Company in Delaware using Harvard Financial Services. According to recent filings “The Company as of 2021 to date is working on pursuing and recently completion of merger acquisition candidate negotiations while working to bring the Company current.” 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. RITE is the perfect merger candidate; trading at a tiny market valuation of just $2 million the Company has very little debt on the books with just $350,000 in total liabilities. The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years.  

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

MineralRite Corporation (OTCMKTS: RITE) is a diversified holding Company specializing in precious metals and mineral assets. The Company sits at the heart of global commodity flow, moving products from source to customer quickly, responsibly and cost-effectively. Founded in 1996, today Mineralrite trades large volumes of precious metals, minerals and energy products on a monthly basis. Our business is founded on the long-term relationships we’ve built with our customers, on our expertise, market understanding and reputation for reliably delivering the required products, on time and to specification. 

MineralRite Corporation was incorporated in Nevada on October 22, 1996 under its original name PSM Corp. The Company changed its emphasis to the exploration and development of natural resources and on November 23, 2005 changed its name to Royal Quantum Group, Inc. On October 18, 2012, the Company again changed its name from Royal Quantum Group, Inc. to MineralRite Corporation. On August 31, 2012, the Company declared a 50-for-1 reverse stock split of its common stock. All references in the accompanying consolidated financials to the number of shares outstanding and per-share amounts have been restated to reflect this stock split. In April of 2021, the company merged into Texas and became a Texas Corporation. The total number of shares authorized increased to 20,000,000,000. The merger was perfected and the company moved from Nevada completely on November 17, 2021.  

10 years ago, when the Company was active, they were engaged in the processing, certification and sales of precious metals including gold, silver, and the platinum group metals.  Using various proprietary and ecologically friendly processes and technologies, the Company extracted precious metals from mining operations ore, reclaimed mine tailings and high value concentrate material. 

To Find out the inside Scoop on RITE Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

RITE

The Company is currently seeking funding for operations. There can be no assurance that additional financing with be available on terms favorable to the Company or at all. If adequate funds are not available or are not available on acceptable terms, the Company will not be able to fund its operations. Such inability to fund operations will have a materially adverse effect on the Company’s business, results of operations and financial conditions. The current fees of the Company are being paid by the President of the Company. 

The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years. Structuring, developing and financing early-stage companies with both private and public equity is his forte. Three private companies he has launched have now become integral parts of well-known public companies. The food distribution company he started, for example, became one of the largest of its kind in Canada. During the past 15 years, Guy has been working in China as a consultant and executive for boutique venture capital firms. If you go back on Ihub and look at previous posts from investors many have a different opinion of Mr. Peckham than the profile above. 

https://twitter.com/AngryRed317/status/1545739358820614145

For More on RITE Subscribe Right Now!

Currently trading at a $2 million market valuation RITE is a reverse merger play that is just getting noticed by investors as the Company filed both a quarterly and annual report last week on OTCMarkets. The stock traded $90,000 in dollar volume on Friday alone. The Company also created a new website located here: https://www.mineralritecorp.com/ and re-registered the Company from Texas to Delaware using Harvard Financial Services. According to recent filings “The Company as of 2021 to date is working on pursuing and recently completion of merger acquisition candidate negotiations while working to bring the Company current. Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years.We will be updating on RITE as more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in RITE either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.