MINERALRITE insider files Form 3 ownership report
MINERALRITE Corp insider Hendricks Lloyd Bernard III filed an initial ownership report as a ten percent owner of the company.
Rhea-AI Filing Summary
MINERALRITE Corp insider Hendricks Lloyd Bernard III filed an initial ownership report as a ten percent owner of the company. The filing shows only existing holdings, all reported as indirect through entities including Abstract Holdings 1618, LLC, Abstract Concepts 1618, LLC, and Commodity Capital Advisors, LLC.
The disclosed positions include common stock, preferred stock, and several warrants and options. Indirect holdings comprise 147,500,000 shares of common stock and 758,267,040 shares of common stock, plus preferred Series NMC and Series C interests and related derivative securities with specified exercise prices and expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Hendricks Lloyd Bernard III
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option to Purchase Series C Preferred | -- | -- | -- |
| holding | Warrants to Purchase Series C Preferred | -- | -- | -- |
| holding | Warrant to Purchase Series D Preferred | -- | -- | -- |
| holding | Warrant to Purchase Series D Preferred | -- | -- | -- |
| holding | Warrant to Purchase Series NMC Preferred | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series C Preferred | -- | -- | -- |
| holding | Series C Preferred | -- | -- | -- |
| holding | Series NMC Preferred | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Series C Preferred — 200 contracts (Indirect, Abstract Concepts 1618, LLC);
Warrants to Purchase Series C Preferred — 2,750 contracts (Indirect, Commodity Capital Advisors, LLC);
Warrant to Purchase Series D Preferred — 47,600 contracts (Indirect, Abstract Concepts 1618, LLC);
Warrant to Purchase Series D Preferred — 5,900 contracts (Indirect, Commodity Capital Advisors, LLC);
Warrant to Purchase Series NMC Preferred — 6,900,000 contracts (Indirect, Abstract Holdings 1618, LLC);
Common Stock — 758,267,040 shares (Indirect, Abstract Concepts 1618, LLC);
Common Stock — 147,500,000 shares (Indirect, Commodity Capital Advisors, LLC);
Series C Preferred — 1,045 shares (Indirect, Abstract Concepts 1618, LLC);
Series C Preferred — 500 shares (Indirect, Commodity Capital Advisors, LLC);
Series NMC Preferred — 6,900,000 shares (Indirect, Abstract Holdings 1618, LLC)
Key Figures
Indirect common stock holding (CCA LLC): 147,500,000 shares
Indirect common stock holding (AC 1618 LLC): 758,267,040 shares
Series NMC Preferred holding: 6,900,000 shares
+4 more
7 metrics
Indirect common stock holding (CCA LLC)
147,500,000 shares
Common Stock indirectly via Commodity Capital Advisors, LLC
Indirect common stock holding (AC 1618 LLC)
758,267,040 shares
Common Stock indirectly via Abstract Concepts 1618, LLC
Series NMC Preferred holding
6,900,000 shares
Series NMC Preferred via Abstract Holdings 1618, LLC
Warrant to Purchase Series NMC Preferred
6,900,000 underlying shares at $15.00
Exercise price $15.00; expires 2034-12-31
Warrants to Purchase Series D Preferred
5,900 and 47,600 underlying shares at $25.00
Two Series D warrant blocks; expire 2026-12-31
Warrants to Purchase Series C Preferred
2,750 underlying shares at $0.00
Exercise price $0.00; expire 2029-12-31
Option to Purchase Series C Preferred
200 underlying shares at $120.00
Expires 2027-11-02; indirect via Abstract Concepts 1618, LLC
Key Terms
ten percent owner, indirect ownership, warrant, exercise price, +1 more
5 terms
ten percent owner regulatory
"shows Hendricks Lloyd Bernard III as a ten percent owner of MINERALRITE Corp"
indirect ownership financial
"The filing shows only existing holdings, all reported as indirect through entities"
warrant financial
"The disclosed positions include common stock, preferred stock, and several warrants and options"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
exercise price financial
"warrants and options with specified exercise prices and expiration dates"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"warrants and options with specified exercise prices and expiration dates"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the MINERALRITE Corp (RITE) Form 3 filing show?
The Form 3 shows Hendricks Lloyd Bernard III as a ten percent owner of MINERALRITE Corp, disclosing existing indirect holdings in common stock, preferred stock, and related warrants and options through several affiliated LLC entities.
What preferred stock holdings are disclosed for RITE in this Form 3?
The Form 3 lists indirect holdings of Series NMC Preferred and Series C Preferred shares. These positions are held through entities such as Abstract Holdings 1618, LLC, Commodity Capital Advisors, LLC, and Abstract Concepts 1618, LLC, alongside related derivative securities.
Is there an option position on MINERALRITE preferred stock in this Form 3?
Yes. The Form 3 reports an Option to Purchase Series C Preferred covering 200 underlying shares, with a stated exercise price of $120.00 per share and an expiration date of November 2, 2027, held indirectly via Abstract Concepts 1618, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
