Nebuchadnezzar
19 hours ago
REG D $180,000,000 offered
$180,000,000 sold
$180,000,000/5,000,000,000 shares is $.036 (just one way to look at it)
even $180,000,000/20,000,000,000 is $.0090 per share, thats 3 bagger from current price assuming RITE has a market cap of $180 million
$180 million is going on the balance sheet one way or another, in cash or assets
https://www.otcmarkets.com/filing/html?id=18104458&guid=yM0-kpyrrlxjJth
13. Offering and Sales Amounts
Total Offering Amount $ 180000000 USD o Indefinite
Total Amount Sold $ 180000000 USD
Total Remaining to be Sold $ 0 USD o Indefinite
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? x Yes o No
Clarification of Response (if Necessary)
The Company is purchasing two subsidiaries from another company through the issuance of preferred shares, warrants, and the assumption of certain financial obligations which collectively are nominally valued at $180 million.
out of posts
lovethatgreen
19 hours ago
It's impossible at this point to guess what those assets are worth atm . .$.01 would make the MC 38 million
Dallas, Texas, January 7, 2024 ββ MINERALRITETM Corporation (the βCompanyβ or βRITEβ) recently
executed a Binding Letter of Intent to acquire two subsidiaries from a formerly publicly traded company.
The two subsidiaries collectively hold four mineral assets. The Binding Letter of Intent, which was
executed after business hours on December 31, 2024, is presently being redrafted into a Definitive
Agreement which will be included in RITEβs upcoming Form 10 filing.