To facilitate the ongoing review of its Form 10, $RITE just filed amended financial statements reflecting revised acquisition accounting treatment following discussions with SEC Staff. https://t.co/UGuarzcNWQ #MineralRite#RITE#InvestorRelations#OTCMarkets#RITEplace#RITEtime
As I have been saying, $RITE is very CAREFUL in how they present information because of the necessity to remain SEC-compliant as to not poke the bear!
As per this Q&A response, it would seem @Mineralrite has documentation/data beyond what is publicly available in regards to Skull Valley. Given what was released just over a week ago, I VERY MUCH believe Lloyd from Abstract Concepts knows what this documentation says, and is made a GIANT investment accordingly.
👇👇👇
https://t.co/FR4VKWS7z2
Clearly $RITE management is trying to give us some dots to connect, while staying compliant!!! Hello, McFly! Time to buy! 🤑
$RITE time for updates on company website. https://t.co/uS8soPkWx4 There are a few items we expect to get updates from the company, which are the QP report, tailings and SEC Form 10. Again, the company does not release information until it is "signed and good to go", but lets join the dots. The company seems to be amending the allocation of the Peeples investment to an asset investment vrs a business acquisition. That is typically done to satisfy SEC and their Form 10 application. Could we get an update soon, then, with a possible "no comment"??? 🙏🙏 The QP Report is phase I, which is designed to support the notion "that the tailings are there and in good condition and support at least the $432M". The S-K 1300 would be Phase II, which is a considerable expense, but would be the assay results, which we believe will show far more than the $432M. Many have speculated it could be $5B, again you get the sense from the Q&A, that the QP report is imminent and then the company will start on Phase 2. Plus the company provided various indicators of reserves, which the report will indicate. Its all about "Proven" reserves. Proven (or Proved) Reserve – The highest confidence reserve category, supported by detailed engineering, economic, metallurgical, environmental, and operational analysis indicating that the material is considered economically mineable under current assumptions. If you join the dots, we could be getting news on several fronts, SEC, QP Report and possibly Phase II start. Phase II is very expensive and hopefully that will be addressed in a forthcoming PR. Remember Abstract acquired the NMC shares at roughly $0.03 cents, and we are at $0.0050. Abstract has worked Skull Valley for over 20 years. They know what they paid for, how much and why? As the old adage says "Follow the money, its the $RITE path".
$RITE Insider Abstract paid $250M for a little over 25% of the company. Abstract is an insider and has knowledge of phase 1 and company plans.
They are betting, with knowledge mind you, that this is well beyond a Billion dollar company.
Incredible opportunity! Info Thanks to @Rahkus1
The PR by @Mineralrite should excite us shareholders! 🤩
https://t.co/TH5z08MVhU
Abstract Concepts is a paid consultant who is familiar with happenings of the company that we might be less aware of. The fact that Lloyd Hendricks (with the knowledge he possesses) sees $RITE to be worth investing such a considerable amount into, while also believing in management so much as to eliminate the opportunity for Abstract to gain control of company governance.
In addition to supporting our belief that this investment has INCREDIBLE VALUE, the purchase of NMC's shares by Abstact also eliminates the possibility for NMC's market selling at inopportune times, and instead places these shares in the strong hands of someone who appears to be very much a "friendly". These friendly's tend to look out for shareholder and company interest, rather than selling at the earliest or most convenient time. 💎✊📈🤝
I think this deal will lead to much smooother sailing in $RITE's future. ⛵️☺️
I expect that this news will have a noticeable effect on stock price, but we'll see how much investors are paying attention. 🧐
$RITE 8-K on EDGAR & IR: Private Transfer of 6.9M Series NMC Preferred shares & 6.9M warrants from NMC to Abstract Concepts 1618 and standstill agreement capping voting power at 45%. NO NEW SECURITIES ISSUED. #MineralRite#RITE#InvestorRelations#OTCMarkets#RITEplace#RITEtime
ASX:PL3 Super excited - well JAM-07 30m 20cm steel pipe is in and we will start drilling in two days. This could be a game changer with very low resistivity. Go to ceo blog at our website for updates.
🚨🎙️ Paul Scholes on Jack Grealish being spotted passed out at a bar:
🗣️ “People are quick to laugh at things like this, but they don’t know what’s going on behind closed doors. Jack moved to Manchester City for a huge fee, massive expectations, and things didn’t really go the way many thought they would.
Then you’re sold to Everton, and suddenly the narrative around your career changes. That’s not easy for any player to deal with, especially when you’ve been under the spotlight for years.
We all see the football side, but players have personal battles too. It might not even be football-related — pressure, criticism, expectations, life changes… it all adds up.
Instead of mocking him, maybe people should understand that sometimes players are human first. Not everything you see like this is just about attitude — sometimes it’s someone going through a difficult period.”
$RITE When the big boys are looking at your mines before you purchase it, you know you are in good company. Based upon Assay Results from 2007, it appears the PE firm Blackstone Group was interested in Skull Valley. Blackstone is one of the world’s largest alternative asset managers, focused on private equity, real estate, credit, and hedge fund strategies with a market cap of $100B.