Barry W (@bhwizzy) header
Barry W (@bhwizzy) profile picture

Live your life under the radar. Love stocks & real estate & in for the long game. Not making any more land, so find the hidden gem in the A location. MUFC. UH

Joined May 2012
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. $RITE looks like we have unsolicited quotes removed. 15c2-11 opens the doors to a bigger marketplace. This is another "told you so moment", another item off the checklist. You will now have market makers able to make a position, which allows for more eyes on the stock. This is not an overnight homerun and not a flippers stock, but one you may want to take a longer view of. I still believe behind the scenes there is activity and hopefully we hear soon about the developments, JVs and possible mergers. The next order of biz, is the Phase II and now that the company is becoming more active on social media, I would expect them to publish videos of the QP doing Phase II. Remember Phase II tells you how much you have in the ATM, and not unproven reserves which dont show up in an ATM. Its actually assets which can be monetized. Yes it has been a long road, but maybe the finishing line is getting closer than people can imagine. Remember 4 singles equals a run, versus swinging for a home run leads to strike outs. They said they were going to get unsolicted quotes removed and they delivered. Maybe trust them with the path forward.
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The Texas Triangle lost its western leg, hard to see new ceos and tech founders wiling to invest in a state with increasing requirements and the pending state income taxes. Take pictures of Austin now and in five years. The winners, TN and Ark.
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Sun rises in the east, sets in the west. @UHCougarFB Weigman to Overmyer TD.
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$STWC 👀👀👀👀👀
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I was $RITE - mineral-rite.com/investor-re… I will say this until the cows come home. In the OTC world, CEO's "make promises and break promises". In the $RITE world, CEOs "make promises and keep them". We asked for engagement and they followed through. Not many in OTC do this, but again, maybe this will not be on OTC forever. They are slowly building something special. Again this is not an overnight flip, but actually a longer term hold. You start engaging on social media, showing that you are building something special, you then bring in massive revenues, maybe very massive revenues. Tailings = ATM. MONETIZATION next. You then have a diversified global revenue stream, then catch the eye of a metals conglomerate and get taking out. That's my crystal ball prediction, but keep in mind I also believe in the "tooth fairy". Do some DD. 👀👀👀
$RITE is expanding its shareholder outreach across additional official social media channels. Over the coming weeks, we will use the following channels to share visual content and easy-to-follow explanations of information the Company has already made public: YouTube: @MineralRite Instagram: @mineral_rite LinkedIn: Company page coming soon; its launch will be announced here. These channels will summarize and explain publicly available information. Material information will continue to be released through SEC filings and press releases, available through EDGAR and at mineral-rite.com/ir, consistent with Regulation Fair Disclosure. Please treat only @Mineralrite on X and the accounts listed above as official MineralRite social media accounts.
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Hoping to bring this to the Waller/Hockley market. Grocery store needed. Bullseye for SFR growth in NW HTown. Infront of the 10,000 homes for Jubilee and Grand Prairie. #cre #hockley #waller #Jubilee #GrandPrairie #Cypress #HoustonCRE #JohnsonDevelopment
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$RITE management is needed in OTC or else it becomes the wild, wild west. So in Vegas, your odds of winning in gambling is 2%. It all comes down to mgmt and mgmt integrity. If mgmt shows an online trading account and says we will do buybacks by X date, that is a red flag, Not saying what the buyback will be like and when it is, is drawing you in. Moving companies from shell to shell, announcing an LOI and then a couple weeks later, merger off. Pump action. You should only announce a merger when the definitive merger agreement has been made and funds deposited into escrow. Without that your LOI is LOO 💩. Flashing red lights do not disappear in OTC due to the scam artists moving from shell to shell and moving companies around. If mgmt does not have shareholders in mind, then it is a personal "get rich scheme". If mgmt releases a pr and indicates a transaction nothing like location, company, cash paid, how it is being funded, then you are about to be pumped. That comes back to $RITE mgmt. I am sure they are working on deals in the background and may have an LOI or two, but they will never announce until the merger agreement is executed and funds in escrow. You look like a fool, pumping an LOI, when it is non binding. Read carefully the prs, if it is pump, they will leave out how it is being funded. What makes it worse when it is coordinated through several pumpers at the exact same time, that is also a red flag. Back to $RITE , the CEO has indicated a completed clean up of the previous company, removing toxic debt, getting a Form k, work on the 152C11, getting penny exempt and all filings on time with no dilution and transparent with an 8K release. OTC is all about hope and pray, but until it changes at the top with mgmt integrity, you will always be in the group of 98% vegas gamblers. Toxic debt does not disappear, they have interest rates of 20+%, why would they step back from a company, as their biz model is high interest lenders, they are not interested in equity as they know the company is 💩, due to non payment. When they say they have dealt with them, that means their debt is either beyond statutory limits or there is an agreement for them to dilute a certain amount everyday. Open your eyes, OTC is the same, actors names have changed or the same actors are going around from company to the next. I will die on the hill, that mgmt is the key in OTC and that is why I am on the $RITE hill. Be careful out there, there are scammers, flashing red lights do not turn green, even though you have convinced yourself. You see the same trends, 6 months with one company, then hop to another cleaner shell, then moving again or trying to recreate the dump as oceanfront property. Be part of the 2%, do your DD and focus on mgmt actions, if not you are waiting for the tooth fairy. $RITE mgmt.
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base:0x0808bf94d57c905f1236212654268ef82e1e594e base:0x0808bf94d57c905f1236212654268ef82e1e594e time for videos. We had asked the company to put out videos of the development of Skull Valley and other monetization projects come about. They listened. I think they should continue the video series, it educates new and existing shareholders of the process of going from tailings to eventually revenues. When Phase II is completed, hopefully that shows the real asset value of the company. Some on X have speculated north of $4-5 B. Remember there are only 11 OTC companies, that are fully reporting and assets north of $4B. Could base:0x0808bf94d57c905f1236212654268ef82e1e594e be next??? drive.google.com/file/d/1Csj…
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base:0x0808bf94d57c905f1236212654268ef82e1e594e Numbers. There are 12,400 companies trading on OTC. Lets dive in. 1,758 companies are SEC reporting, of which 779 have recent financial statements, of which only 87 companies out of 12,400 OTC companies have assets of over $200 million. Phase II for Skull Valley will start in October and will reveal the tailings value, which from 1996 was $240M. There has been discussions on X, that it may be north of $4-5 billion in tailings values. Now lets see how many companies on OTC have assets of over $4B, there are 11 of which each one is a household name. That is insane. Starwood, Blackstone, Fannie and Freddie Mac are 4 out of the 11. Will the list increase to 12 after Phase II? 🔥🔥🔥🔥🔥🔥🔥. Lets see if we can do a CEO podcast with the CEO? Maybe updates on funding, Phase II, monetization projects? Maybe it is the base:0x0808bf94d57c905f1236212654268ef82e1e594e time for a CEO podcast? Respond with questions and I can try and forward to IR and see if we can get them to the CEO and he can do a podcast?
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$RITE The Company just released their 10 Q, while we would all love to see the revenues right now, it appears the company is preparing for all of that soon. The company has focused on monetization as a metals management company, instead of 100% a greenfield miner. The key going forward is monetizing the Phase II samples. Phase II can cost northward of $500K, which the company is looking to raise now. The key for Phase II is getting on the drilling schedule and get all the drilling completed, then waiting for the assay results. The assay results can be done per pit basis, whereas the drilling is for the entire site. The company has $246M on the books for the assets, but we know that is over 25 years old. If they monetize the samples at possibly $4-5B, then suddenly you have $4B on the books vrs $246M. That changes the game plain for funding. When you have assets like that, the funding is debt funding and not toxic debt. That is key to avoid the toxic funding. Get the tailings monetized then dominos fall. Taken a long time, but the $RITE things take time.
$RITE has recently signed several best-efforts brokerage engagement agreements as we continue our capital raising efforts to advance Phase 2 of the Skull Valley project. #MineralRite #InvestorRelations #OTC #RITEplace #RITEtime #OTCMarkets #RITE
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$RITE time, has it longer yes, but the $RITE things take longer. This is another step the CEO indicated the company would address when he became CEO. He is $RITE sided the company. Best of all, there has been no toxic debt to get Form 10 approved, application for Form 15 2c-11 and the Qs and Ks done as the ceo has done most of it without toxic debt. Remember form 10 would cost a securities law firm $500k, which the ceo saved us. Next hopefully we get the $RITE time of Phase 2 beginning. This is a dominos effect, clean up company, get it structured with corporate governance and then revenue making deals. Looks like we are set for the $RITE revenue deals to fall in place, you first fix the company (done), next step is revenue. Long process but eventually the $RITE results
$RITE has completed and resubmitted the required documentation to our sponsoring broker-dealer in connection with SEC Rule 15c2-11, resuming our efforts to remove the "Unsolicited Quotes Only" designation. #MineralRite #RITE #InvestorRelations #OTCMarkets #RITEplace #RITEtime
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Damn $RITE time. This took a long time, but is now done. "No comment" for Form 10. mineral-rite.com/wp-content/… Why is the Form 10 so important? With the Form 10 process substantially complete, management would accelerate discussions with potential strategic partners, industry participants, financing sources, and project-development groups regarding the Company's Skull Valley asset portfolio. The Company had previously disclosed that it is evaluating multiple monetization pathways, including: Joint venture arrangements Strategic processing partnerships Material purchase and take-down agreements Project-level financing opportunities Additional mineral asset acquisitions. Plus Form 10 brings a new investor class, family office. It was a long wait, but we may be heading in the $RITE path now. I would imagine dominos to now start falling. The company must have been working on deals the past 12 months, and waiting for the "no comment".
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$RITE I think the Goat Tom Brady loves the stock. Wait is he in the stock? Not factually, but theoretically. The QP who has done the Phase I report is considered one of the best in the industry (The Goat), says he is comfortable with the evidence of metals in Phase I, to move forward with Phase II, based upon his experience and the set up. Its like Tom Brady throwing for 5 touchdowns and has the ball on the 20 yard line. Coach Belichick says to QB Brady, what should we do? QB Brady says let me throw it for another touchdown, as I have read their defense the whole day, like the back of my hand. So when you have a QP saying I have been digging holes for nearly 40 years and says "we need to go forward with Phase II". That is like Tom Brady going for that extra touchdown. That gives the report substantially more credibility than a company-issued promotional document. Remember Phase I is just to identify the metals, Phase II analyzes the quality and determines the values. Two independent laboratories produced similar assay results. This is probably the biggest positive. The report notes: AET DEL Both followed proper chain-of-custody, both reported precious metals, both produced relatively similar values. The QP specifically says both reports appear valid for the samples tested. That is a significant statement. The historical tonnage appears consistent, as two completely different methods produced almost identical tonnage estimates: AET: 278,800 tons Geosyntec: 278,886 tons That consistency increases confidence that the estimated volume of material is reasonably accurate. The gold grades are surprisingly high—for the sampled material. The historical composite assays included gold values such as: 0.649 opt 0.808 opt 0.820 opt 0.932 opt Those are high numbers for tailings if they were representative. The QP even remarks that these grades are higher than one would normally expect. For a mine to be profitable, you want to be in the 0.10 to 0.030 opt. While it was on a limited scale, those numbers are beyond insane. That is at least 5 to 10 times more than needed to be profitable. Again that is on a limited scale. That could translate into multiple billons of assets, not reserves and we trade at a market cap of $20M. Remember our historical numbers were $432M based on pricing for 20+ years ago. Those numbers are beyond insane.
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Its almost the $RITE time for the dominos to fall. There are two events based upon timing that hopefully will create a dominos falling event for $RITE. 1) SEC "no comment", typically the SEC has 30 days to respond to a filing, which was done towards the end of May, which means we are getting close to that deadline. Why do we even care about the Form 10? Many institutional investors, funds, family offices, and sophisticated investors avoid non-reporting OTC companies. A successful Form 10 filing can make MineralRite investable for a much larger audience. It enhances your credibility in the investment world. Mining projects frequently require substantial capital. Being SEC reporting can make future equity raises, acquisitions, joint ventures, and strategic partnerships easier because counterparties have access to audited and ongoing disclosures. 2) QP report should be incoming based upon when it was engaged. The Qualified Person (QP) report is arguably even more important than the Form 10 because it is the document that can provide independent technical validation of the Skull Valley tailings project. The reason is that a Form 10 makes the company more transparent, whereas a QP report helps establish whether the asset is actually worth what investors think it might be worth. Remember the $432M report from the early 90's, based upon today the speculation on X has been between $3-$8 billion. Remember these are tailings and not estimated reserves. The tailings are cash today, whereas reserves are to be mined with expenses between $50-$100M and could be 2 years before you see a penny. 3) So why dominos?? If you get #s 1 and 2 done, you are then dealing with a different asset class for investors and funders and you have a proved asset value. Potential partners, processors, refiners, lenders, and institutional investors usually want an independent technical report before committing capital. So how does affect our market cap? Typically based upon other tailings producers, you typically trade at 5-15% of asset value for a market cap. Hypothetically you have an asset value of $5B and trade at 10%, that is a market cap of $500M. We currently trade at a market cap of about $25M. Going from $25M to $500M MC, that is typically head ripping. Yes we are early, but Steps 1 and 2 should be out in the near future. Nothing is guaranteed, but I love the disconnect between the current MC and possible future MC.
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This is what makes the World Cup so special. It brings strangers together united for one cause - soccer.
This needs to go Viral! In Atlanta for the FIFA World Cup game between Spain & Cabo Verde a fan wearing a Spain jersey gestured to a Cabo Verde fan asking if he would like to swap jerseys & he said excitedly said Yes so they traded jerseys & hugged for what seemed like forever.
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$PRMO 👀👀👀👀Could the patient be brought back from the death bed???
Replying to @AndrewL33582005
$PRMO Rhonda is one of the most experienced small cap M&A specialists. The new CEO is Saeb Jannoun. He is the one that created the buzz for $SPOM in OTC markets. He is the reason why many investors are stepping in now, as they feel if he can be as 10% successful for $PRMO 🚀🚀
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AI says its almost the $RITE time for 🚀 $RITE move. We know that the tailings were worth $432M in mid 1990s, so based upon current pricing, it could potentially be now north of $5 Billion. We just have to wait patiently for the QP results. Disclaimer - Lets hope🙏🙏🙏🙏. So now what does AI think could happen if it is in that $5B ballpark. First you need to be safely buckled in and wear a helmet, as the rally could be head ripping.
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