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.
8 Mar 2013capital raising announcement▲ GoodMajor
MineralRite agreed on March 1, 2013 to buy all the stock of Goldfield International, Inc., a Utah company the filing describes as an operating maker of gold and precious gem recovery equipment, in exchange for 2,000,000 restricted common shares. This is the acquisition that gives the company an operating equipment business after its earlier shell and claims history; the filing gives no price in dollars and no financial details on Goldfield.
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.