How come The Ring belt wasnt presented to Margarito?

Cotto was rated number 1 welter margarito was number 4. In order for it to be for the ring belt it has to be between the number 1 and the numbers 2 or 3 Exactly, those are the rules.

Because Margarito would need to beat Williams to take The Ring's belt. When Floyd left, it was down to Margarito, Cotto and Williams. Williams holds a very important victory over Margarito and a title. Meaning Margarito winning looks much better for Williams and Williams has claim to having beat Margarito who some may call the best welterweight. So the winner of Margarito/Williams II would be the best welterweight in the world. NO... It was because Cotto was the number 1 welterweight and Margarito was the number 4 Welterweight according to the ring magazine rules, a ring magazine champion can only be established if the number 1 and the number 2/3 rated fighters fight each other. Margarito was number 4.

Because Margarito would need to beat Williams to take The Ring's belt. When Floyd left, it was down to Margarito, Cotto and Williams. Williams holds a very important victory over Margarito and a title. Meaning Margarito winning looks much better for Williams and Williams has claim to having beat Margarito who some may call the best welterweight. So the winner of Margarito/Williams II would be the best welterweight in the world.

No; Marg was rated 4th (by Ring) prior to the fight.

Cotto was rated number 1 welter margarito was number 4. In order for it to be for the ring belt it has to be between the number 1 and the numbers 2 or 3