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MINERALRITE Corporation and Its CEO Accept Invitation to Join CEOBLOC in the Fight to Achieve Micro-Cap Market Reform
MINERALRITE Corporation and Its CEO Accept Invitation to Join CEOBLOC in the Fight to Achieve Micro-Cap Market Reform.
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[{"type":"text","content":"\r\n\r\n \r\n \r\n MINERALRITE Corporation and Its CEO Accept Invitation to Join CEOBLOC in the Fight to Achieve Micro-Cap Market Reform\r\n \r\n \r\n\r\n\r\nMINERALRITE Corporation and Its CEO Accept Invitation to Join CEOBLOC in the Fight to Achieve Micro-Cap Market Reform\r\n\r\n\r\n\r\nNewsfile Corp.\r\n\r\n\r\nNewsfile Corp\r\n\r\n\r\nDallas, Texas--(Newsfile Corp. - June 23, 2025) - MINERALRITETM Corporation (OTC Pink: RITE) (the \"Company\" or \"RITE) today announced that its President and CEO, James Burgauer, has formally accepted an invitation to join CEOBLOC — a growing coalition of micro-cap executives and market stakeholders dedicated to combating abusive trading practices and restoring integrity to the public markets — particularly within the small-cap and OTC sectors. CEOBLOC was founded in 2023 by Jeremy Frommer, CEO of Creatd, Inc. as an advocacy group and professional platform designed specifically for micro-cap CEOs and public company leaders.\r\nBy agreeing to join CEOBLOC, MineralRite and Burgauer demonstrate and reinforce the commitment they have made to actively participate in seeking reform initiatives aimed at addressing widespread challenges facing micro-cap issuers, particularly:\r\n\r\n Naked short selling: The illegal practice of selling shares without borrowing or ensuring availability, often used to drive down stock prices artificially.\r\n Toxic financing: Commonplace in the micro-cap arena, financings which rely on predatory convertible note structures (especially floorless convertibles) cause runaway dilution and price collapse.\r\n Unregulated dealer activity: Entities acting as unregistered securities dealers, often in concert with toxic funders or promotional trading schemes.\r\n Algorithmic trading abuse: The use of manipulative tactics like spoofing, short ladder attacks, and quote stuffing—automated strategies designed to distort prices, trigger panic selling, and exploit thinly traded markets to the detriment of companies and retail investors.\r\n Market misperception: A persistent reputational bias that casts all OTC companies in the same light, regardless of governance, transparency, or fundamental quality.\r\n \r\n\"These systemic issues erode shareholder value and undermine confidence in the public markets — especially for companies traded on the OTC and sma...