Those who are making a big thing out of the recent changes in the $RITE Share Structure are missing the forest for the trees. 🌲🌳🌲
This is the point of having a public company!... you can fund your own growth when capital is low. You explode your growth and SP 📈 and then you portion money to buyback shares and/or issue a dividend.
We already know that there has been a sinking fund established largely for repurchasing convertible notes. 👀
Plus the CEO has erased over 1 Billion in obligated shares and reclaimed Millions, and has the reclamation of hundreds of millions of shares initiated. @Mineralrite even says that this week's report doesn't show these reclaimed shares.
You think Burgauer went through all the clean up work and audits for over a year just to dilute the stock? You think he is paying his legal and TA to reclaim shares because he doesn't care about the share structure?
He has avoided Toxic debt that will dump on the market, and appears to have a large base of friendly funders. Otherwise we would have seen much more selling.
If you haven't already, I suggest you read the Investor Relation's Q&A's submitted over the last week. This company does the best job I've seen with answering investor concerns, bar none! I wish other #OTC companies were as thorough.
👀👉 https://t.co/6DloREbZvl
You all can do what you want, but it makes no sense to assume this is a dilution factory. Burgauer has done an AMAZING job RITEing this ship, and I see no reason to doubt his intentions or professionalism at present.
I hope tweets that don't understand common business strategy don't dissuade you from holding on.
👉 https://t.co/6DloREbZvl
Just noticed Company follows me $RITE stands out as the best OTC play of 2025. Congrats to the new @Mineralrite management team on the turnaround and excellent execution so far 🤝 🎯🔥🎸