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Posted On: 10/14/2024 12:58:27 PM
Post# of 25089
$RITE MINERALRITE CORPORATION [Symbol: RITE] Begins Outreach Campaign to Increase Shareholder Awareness
https://www.otcmarkets.com/otcapi/company/dns...92/content
Dallas, Texas, October 14, 2024 –– MINERALRITE™ Corporation (the “Company” or “RITE”) has recently begun a postal, email, and news outreach campaign to increase shareholder awareness. By doing so, RITE hopes to increase bi-directional communication with its shareholder base, many of whom may still not be aware of the significant changes that have occurred in the Company over the last several quarters. This outreach program is, in RITE’s opinion, yet another step in completing its corporate turnaround strategy.
To this end, RITE has engaged a service that specializes in providing shareholder email addresses and will be using that information to send out an introductory email to its shareholders. In the event that the service was unable to identify an email address, RITE will endeavor to contact those shareholders through other means. By undertaking this project, RITE hopes to get its message out while simultaneously building a means to efficiently communicate with its shareholder base.
RITE believes that in the near future it will have significant news to share and wants to ensure that all shareholders will have equal access to the Company’s full, fair, accurate, and timely disclosures.
Although the email and postal mail versions vary slightly, the general message is as follows:
Dear Shareholder,
My name is James Burgauer, and I am the president of MineralRite Corporation (Ticker Symbol: RITE). According to a recent shareholder listing, you are or were previously an owner of MineralRite common stock. As such, I would be very much obliged if you would spare me a minute or two of your time and allow me to introduce myself.
Formerly, I was the CEO of several brokerage firms. I started my career by helping to found and manage a mutual fund, its associated investment advisor, its broker-dealer distributor, and its transfer agent. Thereafter, I personally founded a retail broker-dealer, which I grew to employ roughly 400 brokers conducting business nationwide. To support these brokers, I founded yet another investment advisor, another market-making broker-dealer, an insurance agency, and a commodity introducing broker. I have held all the major Series sales and principal licenses in the brokerage industry, and I am the author of a couple of successful investment books. As a consultant, I have even been engaged to teach securities licensing classes for the likes of BlackRock, JP Morgan, and other major wirehouses.
After liquidating my holdings in the brokerage industry, I turned my attention to dealing with physical commodities, specifically focusing on minerals and mining. I have accumulated mineral resources and have been purchasing and selling physical commodities, including precious metals.
Since taking over MineralRite Corporation, my staff and I have undertaken a top-to-bottom examination of the Company's business, its capital stack, its shareholder base, its administrative filings, and its financials. We have:
Built a new website;
Made some limited acquisitions;
Completed the requisite AML-CFT-COC-KYC compliance to engage in the precious metals industry;
Reclaimed millions of shares back to the treasury (and are working to reclaim 800 million more);
Derecognized time-barred obligations of over $750,000 (which allowed the company to post $519,000 of net income for the first half of 2024);
Renegotiated convertible obligations (which reduced previously scheduled dilution by roughly 1.2 billion shares);
Completed a PCAOB audit.
We are now focused on the next steps needed to complete our corporate turnaround strategy – which includes completing the acquisitions in our pipeline, re-engaging with the brokerage community, and improving bi-directional communication with our shareholder base.
To that latter point, although we are often able to obtain physical mailing addresses from the brokerage firms and transfer agents who hold the shares on behalf of RITE’s shareholders, they do not maintain email addresses. In order for us to efficiently communicate with you, RITE engaged a service that specializes in providing email address information. The information they provided is what we used to send out the email you are now reading. The service does not guarantee 100% accuracy, so we hope this email is reaching the right party.
If you would prefer that we contact you at a different email address, please visit www.mineral-rite.com/ir and enter your preferred email address on the pop-up page.
We hope to have a lot of exciting news to share with you as we work through the acquisitions in our pipeline, and we hope that we will be able to share it with you in the very near future
https://www.otcmarkets.com/otcapi/company/dns...92/content
Dallas, Texas, October 14, 2024 –– MINERALRITE™ Corporation (the “Company” or “RITE”) has recently begun a postal, email, and news outreach campaign to increase shareholder awareness. By doing so, RITE hopes to increase bi-directional communication with its shareholder base, many of whom may still not be aware of the significant changes that have occurred in the Company over the last several quarters. This outreach program is, in RITE’s opinion, yet another step in completing its corporate turnaround strategy.
To this end, RITE has engaged a service that specializes in providing shareholder email addresses and will be using that information to send out an introductory email to its shareholders. In the event that the service was unable to identify an email address, RITE will endeavor to contact those shareholders through other means. By undertaking this project, RITE hopes to get its message out while simultaneously building a means to efficiently communicate with its shareholder base.
RITE believes that in the near future it will have significant news to share and wants to ensure that all shareholders will have equal access to the Company’s full, fair, accurate, and timely disclosures.
Although the email and postal mail versions vary slightly, the general message is as follows:
Dear Shareholder,
My name is James Burgauer, and I am the president of MineralRite Corporation (Ticker Symbol: RITE). According to a recent shareholder listing, you are or were previously an owner of MineralRite common stock. As such, I would be very much obliged if you would spare me a minute or two of your time and allow me to introduce myself.
Formerly, I was the CEO of several brokerage firms. I started my career by helping to found and manage a mutual fund, its associated investment advisor, its broker-dealer distributor, and its transfer agent. Thereafter, I personally founded a retail broker-dealer, which I grew to employ roughly 400 brokers conducting business nationwide. To support these brokers, I founded yet another investment advisor, another market-making broker-dealer, an insurance agency, and a commodity introducing broker. I have held all the major Series sales and principal licenses in the brokerage industry, and I am the author of a couple of successful investment books. As a consultant, I have even been engaged to teach securities licensing classes for the likes of BlackRock, JP Morgan, and other major wirehouses.
After liquidating my holdings in the brokerage industry, I turned my attention to dealing with physical commodities, specifically focusing on minerals and mining. I have accumulated mineral resources and have been purchasing and selling physical commodities, including precious metals.
Since taking over MineralRite Corporation, my staff and I have undertaken a top-to-bottom examination of the Company's business, its capital stack, its shareholder base, its administrative filings, and its financials. We have:
Built a new website;
Made some limited acquisitions;
Completed the requisite AML-CFT-COC-KYC compliance to engage in the precious metals industry;
Reclaimed millions of shares back to the treasury (and are working to reclaim 800 million more);
Derecognized time-barred obligations of over $750,000 (which allowed the company to post $519,000 of net income for the first half of 2024);
Renegotiated convertible obligations (which reduced previously scheduled dilution by roughly 1.2 billion shares);
Completed a PCAOB audit.
We are now focused on the next steps needed to complete our corporate turnaround strategy – which includes completing the acquisitions in our pipeline, re-engaging with the brokerage community, and improving bi-directional communication with our shareholder base.
To that latter point, although we are often able to obtain physical mailing addresses from the brokerage firms and transfer agents who hold the shares on behalf of RITE’s shareholders, they do not maintain email addresses. In order for us to efficiently communicate with you, RITE engaged a service that specializes in providing email address information. The information they provided is what we used to send out the email you are now reading. The service does not guarantee 100% accuracy, so we hope this email is reaching the right party.
If you would prefer that we contact you at a different email address, please visit www.mineral-rite.com/ir and enter your preferred email address on the pop-up page.
We hope to have a lot of exciting news to share with you as we work through the acquisitions in our pipeline, and we hope that we will be able to share it with you in the very near future
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