19 Aug 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2014auditor change▼ Bad
Dismissed Bongiovanni & Associates as auditor; its prior report had likewise flagged substantial doubt about the company's ability to continue as a going concern.
18 Aug 2014capital raising announcement▼ BadMajor
Issued another 59.6 million shares to retire just $23,073 of debt, taking shares outstanding to 401.7 million within two more weeks.
14 Aug 2014late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its quarterly report would be filed late.
13 Aug 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
12 Aug 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
12 Aug 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
12 Aug 2014director interest notice● Neutral
MINERALRITE Corp CEO & President Guy Peckham disposed of 118,500 shares via option/appreciation-right settlement.
6 Aug 2014capital raising announcement▼ BadMajor
Issued 69 million new common shares over three weeks to retire just $46,150 of convertible-note and payables debt, pushing shares outstanding to 342 million -- an early sign of the toxic-note dilution spiral that would accelerate through the rest of 2014.
4 Aug 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
22 July 2014capital raising announcement▼ BadMajor
Insiders including CEO Guy Peckham exchanged 31 million common shares for new Series B Preferred stock, freeing up authorized common shares so the company could keep converting outstanding convertible notes into stock; Peckham separately swapped his own $100,000 note for Series A Preferred -- capital-structure moves that set up further heavy dilution.
22 July 2014agm notice● Neutral
MINERALRITE Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
17 July 2014substantial holder notice● Neutral
ASHER ENTERPRISES, INC. EIN reported no remaining MINERALRITE Corp shareholding in its periodic institutional filing.
17 July 2014substantial holder notice● Neutral
IBC Funds LLC EIN reported no remaining MINERALRITE Corp shareholding in its periodic institutional filing.
17 July 2014substantial holder notice● Neutral
IBC Funds LLC EIN disclosed a new substantial MINERALRITE Corp shareholding (9.90% of votes).
9 July 2014quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $128 thousand and a net loss of $1.5 million for the period ended 2014-06-30.
15 May 2014late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its quarterly report would be filed late.
28 Mar 2014late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its annual report would be filed late.
19 Nov 2013quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $165 thousand and a net loss of $650 thousand for the period ended 2013-09-30.
14 Nov 2013late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its quarterly report would be filed late.
20 Sept 2013material agreement▼ BadMajor
Signed a $686,000 raw-materials supply contract with an unnamed Asian buyer for delivery into Vietnam, even as Santeo Financial and its assignees sued to collect the $397,193 note from the 2012 debt restructuring -- still the company's single largest liability.
19 Aug 2013quarterly activities report▼ Bad
MINERALRITE Corp reported quarterly revenue of $167 thousand and a net loss of $552 thousand for the period ended 2013-06-30.
14 Aug 2013late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its quarterly report would be filed late.
14 Aug 2013auditor change▼ Bad
Dismissed auditor Robison, Hill & Co., whose prior reports had flagged substantial doubt about the company's ability to continue as a going concern given roughly $6.3 million in accumulated losses and a working-capital deficit.
15 May 2013late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its quarterly report would be filed late.
3 May 2013capital raising announcement● NeutralMajor
Entered a 50/50 joint venture with Mexican operator CSI Import and Export to run copper (and potentially iron ore) mining in Chiapas and Jalisco, funded by a new $100,000, 12%-interest convertible note -- the company's first toxic convertible-note financing.
29 Mar 2013late filing notice▼ Bad
MINERALRITE Corp notified the SEC that its annual report would be filed late.
15 Mar 2013securities registration● Neutral
MINERALRITE Corp filed notice of an exempt private placement.
6 Mar 2013business combination▲ GoodMajor
Agreed to acquire 100% of Goldfield International, a Nevada company that manufactures gold and precious-gem recovery equipment, paying with 2 million restricted shares -- the deal that gave the newly renamed MineralRite an actual operating business.
6 Feb 2013director interest notice● Neutral
MINERALRITE Corp CEO & President Guy Peckham bought 2,000,000 shares on the open market at $0.00.