RITE · MINERALRITE Corp · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“The Company has incurred operating losses since inception and currently does not generate sufficient revenue to sustain operations without external funding. As of the date of this report, the Company's available cash is not sufficient to meet its projected working capital needs for the next twelve months. These factors raise substantial doubt about the Company's ability to continue as a going concern. ... Management believes that its plans, if successfully implemented, may mitigate the conditions that raise substantial doubt about the Company's ability to continue as a going concern; however, there can be no assurance that such plans will be successful. As a result, substantial doubt about the Company's ability to continue as a going concern has not been alleviated as of the date of these financial statements.”View the 10-Q filed Aug 7, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↑
Filing footnotes — Series D Preferred (Indirect)
Shares issuable on exercise will be issued upon effectiveness of the issuer's Restated Certificate of Formation. Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Series D Preferred
(I)
|
47,600 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↑
Filing footnotes — Series D Preferred (Indirect)
Shares issuable on exercise will be issued upon effectiveness of the issuer's Restated Certificate of Formation. Abstract Concepts 1618, LLC is the manager of Commodity Capital Advisors, LLC. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Series D Preferred
(I)
|
5,900 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↓
Filing footnotes — Warrant to Purchase Series D Preferred (Indirect)
Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Warrant to Purchase Series D Preferred
(I)
|
47,600 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↓
Filing footnotes — Warrant to Purchase Series NMC Preferred (Indirect)
Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Warrant to Purchase Series NMC Preferred
(I)
|
6,900,000 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Sell↓
Filing footnotes — Series NMC Preferred (Indirect)
Repurchased by the issuer for a non-interest-bearing promissory note of $106,724,942, approximately $27.23 per share. On the same date the note was applied to the warrant exercise prices reported here and to certain royalty repurchase prices, and was then cancelled. No cash was exchanged. Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Series NMC Preferred
(I)
|
3,919,388 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↑
Filing footnotes — Series NMC Preferred (Indirect)
Shares issuable on exercise will be issued upon effectiveness of the issuer's Restated Certificate of Formation. Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Series NMC Preferred
(I)
|
6,900,000 |
| 2026-09-30 | Hendricks Lloyd Bernard III |
10% Owner |
Exercise↓
Filing footnotes — Warrant to Purchase Series D Preferred (Indirect)
Abstract Concepts 1618, LLC is the manager of Commodity Capital Advisors, LLC. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. |
Warrant to Purchase Series D Preferred
(I)
|
5,900 |
| 2026-06-08 | Burgauer James |
Director, President, CEO, 10% Owner |
Convert↑
|
Option to purchase Series C Preferred
|
175 |
| 2026-06-08 | Burgauer James |
Director, President, CEO, 10% Owner |
Convert↑
|
Series C Preferred
|
175 |
| 2026-03-10 | Burgauer James |
Director, President, CEO, 10% Owner |
Convert↓
|
Option to purchase Series C Preferred
|
125 |
| 2026-03-10 | Burgauer James |
Director, President, CEO, 10% Owner |
Convert↑
|
Series C Preferred
|
125 |