Food Innovation

[wow_happens28]

RIBT had a phony rally today. Up 20% with buy and sell volume equal, Then at 5:15E. RIBT out up an SEC filing saying they got delisted, Glad I got out.

https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/stock-news/91930741/form-8-k-current-report

[gfp927z]

>> what sin I committed <<

I hear ya. I had some similar experiences with microcaps and it's no fun. Based on the recent press release it doesn't sound like they want to remain an independent company, in which case the saga should be over before too long.


>>> ...first step in a process aimed to reduce costs and curb losses, creating more optionality to explore strategic alternatives and better position the Company to realize the value of its remaining assets. <<<




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[wow_happens28]

The new auditor said nothing wrong, I think. The deal is I died and I don't know what sin I committed, but I am actually living in Hell and my punishment for my sin is holding RIBT forever.

[gfp927z]

It could be that they fired the accounting firm for not getting the 10-Q out on time. Or there may have been a disagreement with the accountants relating to the June sale of the rice bran unit. The 8-K filing stresses that their were no disagreements with the accounting firm up to June 30, so presumably the problem arose sometime after that date, in July/Aug. So it might just be that the accountants failed to get the 10-Q done on time, or could be the company and the accountants had a serious disagreement over some aspect (?) The market response today suggests a 'sell now / ask questions later' response from the market, or from enough nervous shareholders to generate the 160 K share volume. Just curious if there have been some larger blocks going by on the sell side volume today? Thanks.


>>> During the Company’s years ended December 31, 2021 and 2022, and through June 30, 2023, there were no disagreements with RSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to RSM’s satisfaction, would have caused RSM to make reference to the subject matter of the disagreement in its reports on the Company’s financial statements.

During the Company’s years ended December 31, 2021 and 2022, and through June 30, 2023, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K. <<<




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[wow_happens28]

Sounds a bit strange to change an auditing company. The hard part is doing the basic accounting. My hope is that sell the company they need a second auditor opinion. But why fire the first one?

[gfp927z]

Concerning RIBT, the way the recent press release was worded (below), it sure doesn't sound like they plan to remain an independent company. Also, I see they changed their accounting firm as of Aug 21 (link below), and this change was filed on a Form 8-K yesterday. So that could be what caused the big drop today, and could also be a reason for the delay in filing the 10-Q (?)


>>> "The divestiture of our stabilized rice bran ("SRB") business during the second quarter was the first step in a process aimed to reduce costs and curb losses, creating more optionality to explore strategic alternatives and better position the Company to realize the value of its remaining assets." <<<


8-K -

https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774923024531/ribt20230823_8k.htm



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[gfp927z]

>> trick us, lie to us <<

The lying and deceit is routine, and they've had plenty of practice. But the US/West 'finance mafia' is now faced with an entire world uniting against them (BRICS).

When looking at today's situation historically, there are similarities to what happened with the Venetians. For centuries tiny Venice had managed to weaken its enemies by cleverly pitting them against each other, but eventually all of Europe caught on to the game and united against their common enemy, and treacherous little Venice came very close to being extinguished (War of the League of Cambrai), but they narrowly escaped. Eventually the Venetian finance and trade operation transplanted itself north to Amsterdam, and from there to London to become the power behind the British Empire (and from there to New York).

Anyway, you can never count the finance ghouls 'out', they will always find a way to stay in power. With the ongoing BRICS 'mutiny', they'll have their hands full. Just a guess, but imo we can't rule out nuclear weapons, race specific bioweapons, or both being used at some point. Somehow they have to 'do in' China, and then the BRICS should wither and die. And Saudi Arabia also has to also be brought back in line, and soon.

But an alternative scenario is that they let the US economic / finance dominance decline, and move their operation to a more global platform like the IMF-World Bank. That was the idea for the SDR/Special Drawing Rights, but it may now be too late for that approach (?) Who knows, but these guys (ghouls) would prefer WW 3 to losing their world hegemony. As long as they control the US military and nukes, they will not be removed from their world dominance.




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[wow_happens28]

What gets me is the powers that be think thy have to trick us, lie to us, put up a fake President and VP and this WOKE stuff is just pain off the charts. If they really are the smartest people in word history, why can't that come up with a one world order plan that most will want. Why put us through all this chit to be manipulating into wanting it? Once they are in power, they can do the same thing, reduce population, crime etc. the same way they already have planned. As it is going, they are not the smartest people, but they are proving to be the most evil people in world history. They keep saying :For the greater good", that should no be to destroy lives to get there.

[gfp927z]

>> Mercola <<

I'm somewhat familiar with him from his vitamin / supplement products, and he was also a guest on one of Dr. Gundry's webcasts.

The way things are heading in the US/world, the idea of trying to live 'off grid' is looking more and more appealing. High tech has had its benefits (huge), but eventually the downside to all this technology will far outweigh its benefits imo, due to the dark side of human nature. We are biologically hard wired to seek dominance and control (survival of the fittest, most dominant), and for the first time in history this can be fully achieved, via high tech and 'computerized everything'. The direction is ominous and Orwellian imo.



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[wow_happens28]

MLEC, yes government promoting plants and less meat has a big influence on the future. Mercola tries to even tie in less animals to pandemics. I would not post this at Dew's board as Mercola is an enemy of the left and his board leans that way a bit. Still not in MLEC

https://articles.mercola.com/sites/articles/archive/2023/08/02/report-predicts-next-pandemic-from-meat.aspx?ui=cb65499db52abec6a9a590992872244905bf545afdb5f24bd660a43f2e592f19&sd=20150424&cid_source=dnl&cid_medium=email&cid_content=art1ReadMore&cid=20230802&foDate=false&mid=DM1443942&rid=1872267089

STORY AT-A-GLANCE
The idea that pathogens will jump species and kill humans is a useful scare tactic, and it’s now being pushed like never before under One Health — a global agenda that will allow unelected bureaucrats at the World Health Organization to centralize power and make decisions relating to diet, agriculture and livestock farming, environmental pollution, movement of populations, health care and much more, for the entire world

A report from Harvard Law School and New York University predicts the next pandemic is likely to emerge from the U.S. meat supply — or the fur trade, or a petting zoo, or from pets. It reviews all the different areas of life and commerce that involve animal and human contact and the subsequent hypothetical zoonotic transmission chains. One Health documents are repeatedly referenced in this report

Incontrovertible evidence has emerged showing that the scientists who wrote “Proximal Origin of SARS-CoV-2” intentionally misled the public. In “Proximal Origin,” the authors insisted natural evolution was the most likely scenario, but in private, they thought a lab leak was the most likely origin

Correspondence shows the conspiracy to misdirect the public was driven by obedience to higher-ups within the U.S. and UK governments, including, potentially, the intelligence community

Based on the evidence now in the public domain showing that the authors of “Proximal Origin” did not believe their published conclusions, Biosafety Now! has launched a petition calling on Nature Medicine to retract the paper

[wow_happens28]

STKH, Nice move, and that is the kind of move that would get me into MLEC, hopefully the first day move.>>>>>

https://stockcharts.com/h-sc/ui?s=STKH&p=D&yr=0&mn=8&dy=0&id=p79999531196

OT, iHub has relaxed some of it's rules. Where they limited you to one post at the one board, it the past they probably have made it "paid". The dull market has hurt them and other sites that do stocks maybe hurts them too. I can't mention which, they don't like other sites mentioned. I hope they hang on, I got here in like 2006 and have logged a lot of hours here since then.

[gfp927z]

Yes, these alternate protein stocks should see a renewed interest since as you said, they are aligned with a much larger trend being pushed by the globalists. The alt-meat 'Franken-food' stocks were clobbered during the bear market, but some will undoubtedly rise again.

For example, looks like tiny STKH may be starting to gain some traction (link below). The stock popped on this news, but I see the company quickly did a money raise the next day, thanks to a pre-existing shelf registration. So very resourceful, and in spite of the instant dilution the stock held up pretty well.


>>> Steakholder Foods Signs First Ever Multi-Million-Dollar Agreement with GCC Governmental Body to Commercialize its 3D Bio-Printing Technology

Yahoo Finance

July 24, 2023


https://finance.yahoo.com/news/steakholder-foods-signs-first-ever-110000101.html


<<<


>>> Steakholder Foods Ltd. (STKH), a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter in Israel. The company develops a three-dimensional bioprinter to deposit layers of stem cells and differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat. It intends to license its production technology; provides associated products, such as cell lines, printheads, bioreactors, and incubators; and offers technology implementation, training, and engineering support services directly and through contractors to food processing, food retail, and cultivated meat companies. Steakholder Foods Ltd. is headquartered in Rehovot, Israel. <<<



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[wow_happens28]

I agree with most of what you said. The wild card is we a losing our country to the same people who love vaccines, GMO's, and are concerned with so called global warming. Part of their plan is getting rid of meat. MLEC could get a surprising amount of action and financial support and better press as the Deep State grabs more power. I am just watching now. But any new deal and it could get me in for a long term hold.

[gfp927z]

I remember several years ago Dew was following a food related microcap called AquaBounty (AQB). They had developed a genetically modified / enhanced type of salmon, which seemed like a good idea, though I pointed out that being 'GMO' was not going to be a plus among the trendy health oriented consumers. Not sure exactly what's happened with the company (stock is way down), but I figure these 'cool science' type stocks are best kept within the fun-hobby category, with strict position limits. I know from past experience what it's like to get overly attached to microcaps. Most of the ones I followed ultimately bombed out, several went bankrupt, etc.


>>> AquaBounty Technologies, Inc. (AQB), a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts. <<<



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[gfp927z]

MLEC does seem interesting, though for food production, the animal protein aspect probably won't be much of a plus for the trendy vegan crowd, or for the globalist purveyors of 'green'. I'll have to do more research, but from a taste perspective, it's not clear why having quasi 'animal protein' will be better than the usual plant protein. The taste is probably more a function of the fat content and flavoring ingredients. Also, why should 'texture / mouth feel' be expected to be different than what could be achieved with regular plant proteins (?)

On the nutrition side there could be an advantage, since animal protein apparently can have all of the '9 essential amino acids', where plant protein doesn't, so that could be a plus for MLEC's approach.

>>> The biggest difference between animal protein and plant protein is that most plant proteins do not contain all nine essential amino acids, while most meat proteins do. (Most plant-based protein sources tend to lack at least 1 of the essential amino acids, although there are some that are considered complete.) <<<

Anyway, MLEC looks interesting, but I wouldn't go too overboard with it. Imo, these long shot microcaps should be in the fun-hobby portion of one's portfolio :o)



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[wow_happens28]

$MLEC gfp, I am still watching MLEC. Once the insiders are done selling and a new product PR and this stock could rocket.. The powers that be will be behind this same as with EV's and A.I, and that is the investing place to be? Doubt this happens like tomorrow, however.

[wow_happens28]

Dew did respond to me at his board, not very positive. I forgot I posted it there last year. Looks worse this year

Key negative: insiders are cashing out now that the post-SPAC lockup period has expired

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172397896

Thanks for the follow-up post on MLEC. For investors, there are two big financial problems and (IMO) one business-model problem.

The financial problems are: 1) the company is currently being funded via a $50M ATM (https://finance.yahoo.com/news/moolec-science-secures-50-million-025500400.html ); and 2) insiders are cashing out now that the post-SPAC lockup period has expired (https://www.sec.gov/Archives/edgar/data/1937737/000121390023057495/ea181693-424b3_moolecsci.htm ).

The business-model problem is as I posted in #msg-168998634.

p.s. MLEC’s corporate slide deck (which was used for promoting the SPAC merger) is at: https://www.sec.gov/Archives/edgar/data/1825437/000121390022067259/ea167761-425_lightjumpacq.htm .

[gfp927z]

While MLEC is interesting, it also seems extremely risky. Per the Yahoo figures, the company is losing $50 mil / year, and only has $6 mil in cash. On the plus side they have almost no debt, and the share count is fairly low at 37 mil shares, so that gives 'ammo' for future dilutive financings. And sure enough, I see in April they made an agreement with Nomura that enables MLEC to receive up to $50 mil in funding in exchange for shares. This is what to expect from an early stage company like MLEC -- dilutive financings stretching out as far as the eye can see.

I followed a lot of these tiny stocks back in my biotech days -- interesting companies with lots of potential, but no revenues / earnings for years, and seemingly endless dilutive financings. Anyway, I consider these microcaps to be interesting 'hobby' stocks to follow, but not for actual investing, or at most subject to a $1000 limit per stock, which keeps things firmly in the fun / hobby realm :o)

For larger sums I would go with something like Pepsico, which seems boring, but over time it's done great. Anyway, these tiny companies are fun to follow, but don't 'bet the farm' :o)



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[wow_happens28]

I have not bought yet. Two days ago I was going to buy it was falling a the time, so held back. I feel the meatless meat failure with Impossible and BYND that this Moo Poo stuff might be a harder sell? And speculators less likely to put it up?

My initial post I mentioned we don't need meat. Many plants have a lot of protein. My problem is grains, being I am type 2 diabetic. Other fruit and veggies have a lot of protein/

https://www.healthline.com/nutrition/protein-for-vegans-vegetarians#chia-seeds

[gfp927z]

In addition to the pork product, looks like they have one for dairy, and also a nutritional oil product (see below).

I'll have to do more research on MLEC. It sounds like the main goal of producing these animal proteins from plants is to better mimic the flavor of the real animal based food (compared to other plant based versions of meat). But as I understand it, it's mainly the fat content of animal derived meat that gives it the desired flavor. So without that fat aspect, I'm not sure how/why the MLEC approach by itself should be expected to produce a better flavor (?) MLEC's approach to producing animal proteins does avoid the many downside aspects and costs of the traditional livestock approach, but why should their protein taste any different than other plant derived proteins (if the flavor comes from the fat content side)?

A broader question is on the nutritional side - whether animal protein is inherently more nutritious than plant protein, or are they basically interchangeable from a nutritional standpoint? With the 'anti meat' bias these days, it's harder to get an objective answer to some of these questions. Even my nutritional 'guru' Dr. Steve Gundry seems to have a bias against animal protein. On the nutrition side, while the individual amino acids that comprise animal and plant proteins may be identical, obtaining the protein from an animal provides other essential components like vitamin B-12, which plants don't produce. So, the inescapable conclusion is that we are designed by nature to eat animal derived meat. Anyway, this is an interesting topic.


>>> Moolec Science SA (MLEC), a science-based food ingredient company, focuses on developing real animal proteins in plants using molecular farming. It offers Chymosin SPC, a dairy ingredient; GLA SONOVA, a nutritional oil; POORK+, a plant-based, animal meat free ingredient with porcine proteins in soybeans; and BEEF+, a meat replacement product. It operates in the United States, Europe, and South America. The company was founded in 2020 and is based in Luxembourg. <<<



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[wow_happens28]

Moolec is a nice play on pertinent words. " Molecular", Moo Lec, then

Piggy Sooy', combining animals and plants, is what they do. Yahoo fits "calling somebody", I don't know what a Google is, lol. These Moolec guys are clever.

[gfp927z]

Yes, also Zillow and Etsy are unusual names. In the food sector there's also one called 'Deathwish Coffee Company' lol. They apparently have 3 or 4 times the usual amount of caffeine per cup, something like that. We could have used some of that back in 'the day' when studying for final exams :o) We actually made our own by brewing 2 or 3 teabags, and then squeezed out every bit of tea into a single cup, then added milk so you could get it down. Then pow, you were set for pulling an all-nighter, cramming for a test or typing up a term paper. I see there's also a super strong beer named 'Snake Venom' lol -






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[wow_happens28]

We used to think Google and Yahoo were odd?

[gfp927z]

They picked an odd name for the company - Moolec. It's hard to not think of Moloch, the Canaanite deity mentioned in the Bible, which is supposedly associated with the mysterious owl statue at Bohemian Grove. Who knows, but it seems like an odd choice. I guess the 'moo' part is supposed to bring to mind a cow / steer.

Their choice of 'Piggy Sooy' for the soy product also seems on the bizarre side. Doesn't sound too appetizing, but the company is based in Luxembourg, so the English language may not be their forte, lol. It's hard to think of a worse name for a new food product than 'piggy sooy', but the idea of genetically engineering plants to produce animal proteins could have many non food uses. Their press release includes uses in other industries like pharma, cosmetics, and diagnostic reagents.
I wonder how far along the larger food outfits are in this area? Moolec could potentially be a good acquisition.


https://en.wikipedia.org/wiki/Moloch

https://en.wikipedia.org/wiki/Bohemian_Grove



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[wow_happens28]

gfp, It makes sense to me that man does not need to eat meat to survive. the biggest mammals don't eat meat, Elephants, Hippos, Rinos, Bison, and Sperm Whales to name a few. My problem is I don't believe in GMO's. But if Moolec can enhance other foods like tomatoes, apples, etc that have ben improve with just cross breeding, who knows. I will post at Dew's board.

[wow_happens28]

I have NOT bought yet. Yesterday scared me a bit on the timing. I won't buy much until the RIBT divesture is done. I emailed "Dad" and he thought I was looking for advice and said he was too involved to say anything, lol. I got to know "Dad" through RIBT. A while back he was on their Board.

[gfp927z]

Moolec does look interesting, and as a platform technology it could turn out to be really big. The genetic engineering angle won't endear it to the non-GMO crowd, but for the mainstream food industry this technology could be a perfect fit. I'd be interested to see what the large food outfits are doing in this area, there is undoubtedly a lot going on, but Moolec might become an acquisition target, especially if their patent portfolio is solid and broad. I'd be curious to get Dew's take on the company.

Btw, on Monday a nasty virus appeared on one of my computers while I was on one of Dew's boards (Influence-Affluence board). Not sure if it originated there, but it manifested on my computer just as I was clicking Dew's name to see if he had any new posts. Then, boom my computer went haywire. I tried to fix / resurrect the computer but to no avail. Anyway, I've been reluctant to return to Dew's boards, but if you've been over there you might want to give him a 'heads up' as to what happened. I've had computer viruses numerous times in past years, but rarely one that I couldn't 'de-bug' and fix, do a factory re-set, etc. This one seemed to possibly zap the hard drive (?) Anyway, I'd be curious to find out if anyone else over there has had a problem. It's possible that the virus was a 'Trojan' (or something) that was acquired elsewhere and then just happened to kick in while on Dew's board.

Anyway, I'm going to be a lot more careful on I-Hub, not to click links within posts, etc. Lots of spammers, trolls, malware, etc, not just here but all over the web, so have to watch out. I'm going to stay off of any dodgy or questionable sites.



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[gfp927z]

>>> Moolec Science Presents 'Piggy Sooy', a Soybean Platform That Can Produce Significantly High Amounts of Pork Proteins


Accesswire

Moolec Science SA

June 26, 2023


https://finance.yahoo.com/news/moolec-science-presents-piggy-sooy-123000813.html


LUXEMBOURG / ACCESSWIRE / June 26, 2023 / Moolec Science SA ((NASDAQ:MLEC) "Company"; "Moolec"), a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today an outstanding achievement in its Meat Replacements Program for the Soybean platform, as its new "Piggy Sooy" produced a significantly high amount of pork protein.

Piggy Sooy



Piggy Sooy

The animal protein reached a high expression level up to 26.6% of total soluble protein in soy seeds, 4x higher than initially projected by the Company. The result can be directly observed due to the pink color of Moolec's soybeans, the same color as the pig (access the picture by clicking here). After this achievement, the Company's soybean platform was renamed "Piggy Sooy".

The breakthrough accomplishment has led Moolec to file a new patent utilizing a novel approach aiming to provide the Company with a frictionless regulatory pathway going forward.

Moolec's CEO & Co-Founder Gastón Paladini said: "Piggy Sooy represents tangible and visual proof that Moolec's technology has the capacity to achieve significant yields in plants to produce meat proteins. With this groundbreaking achievement, Moolec consolidates its position as a category creator and a pioneer in Molecular Farming for the food industry. Our plant biology team is writing the history of science in food, I couldn't be prouder of them."

This scientific milestone consolidates the Molecular Farming path as one of the most valuable alternative technologies to produce animal proteins, given that plants can function as animal protein factories in a more efficient manner than initially expected. This enhanced efficiency of plants has the potential to improve the economics of the Company's business model.

Moolec Science is producing several meat proteins in plants as functional ingredients to improve the taste, appearance, texture, and nutrition of meat alternatives. Due to its enhanced functionality and final application, the Company also highlighted that these food ingredients could also be potentially commercialized within the ~$600 billion traditional processing meat industry.

Amit Dhingra, Ph.D., Chief Science Officer of Moolec said: "This achievement opens up a precedent for the entire scientific community that is looking to achieve high levels of protein expression in seeds via Molecular Farming." He further emphasized: "Moolec has developed a unique, successful, and patentable platform for the expression of highly valuable proteins in the seeds of economically important crops such as soybeans. This platform has the potential to be used across a wide variety of proteins of interest for a broad range of industries, such as the pharma, cosmetic, diagnostic reagents, and other food industries."

About Moolec Science SA

Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company's technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec's technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company's product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like safflower, soybean, and pea. Moolec has a growing international patent portfolio (24, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com.

<<<



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[wow_happens28]

MLEC is a start up. One of the co founders is Henk Hoogankamp Jr. His father, Henk Hoogankamp is like one of the fathers of plant protein. I have communicated with Henk Sr. for a few years, so I have a little emotional interest, so I may buy a token starter. The chart is of interest.

https://finance.yahoo.com/quote/MLEC/?p=MLEC

https://stockcharts.com/h-sc/ui?s=MLEC&p=D&yr=0&mn=4&dy=0&id=p51062414880

About Moolec Science SA

Moolec Science is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company's technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec Science's technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The company's product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybeans and peas and Moolec Science has a growing international patent portfolio (23, both granted and pending) for its Molecular Farming technology. The company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com.

The father, not involved directly involved(maybe, LOL)>>>
https://henkhoogenkamp.com/Articles

[wow_happens28]

I heard from Dew they can reverse that filing anytime they want. I am puzzled when they are trying to divest the company and are concerned about someone trying to buy it? Maybe someone could buy it "on the cheap" by buying controlling shares or such?

I am hoping they have a deal in place and trying to protect that deal. The buyer might be waiting for Q2 financials to determine the final price. It seems Stabil Nutrition waited for Q 1 financials before that deal was finalized before they bought all their rice bran production. And surprised they even bought it. What is left is break even and with MGI expanding production 50% plus and getting revenue from it in mid May at their Q1 CC might make the company profitable.

They usually get Q2 financials out in early to mid May. They got one of the Q's out the end of the following month or in this case the end of July would compare. Fingers crossed. I put a lot of speculation in this post. I have NEVER seen RIBT so secretive, as they should be now. Last week a "smart buyer" got the stock up a lot by raising the bid, the sells that 2 days were 4 to 1 sell over buy. But total volume the last months is like 24,000 average. That is what I call kids, not investors or insiders.

[wow_happens28]

A shareholder got a hold of the RIBT IR, says

"The tax preservation press release is pretty routine.. if you Google “tax preservation plan Nasdaq” you’ll find dozens of similar disclosures from companies of all shapes and sizes"

https://www.google.com/search?q=tax+preservation+plan+Nasdaq%E2%80%9D&rlz=1C1CHBF_enUS1017US1017&oq=tax+preservation+plan+Nasdaq%E2%80%9D&aqs=chrome..69i57j33i160l4.9798037j0j15&sourceid=chrome&ie=UTF-8#ip=1

Point, not that many have losses, so not much press. We all heard about Sears/Kmart, who became SHLD, Sears Holding.

[gfp927z]

Concerning RIBT's recent press release, this sounds like a variation on a 'poison pill', which companies sometimes use to discourage takeovers. Based on the stock action, the market didn't seem to like the news.. If they plan to make a go of it as a new 'streamlined' version of RIBT, the next logical step might be to raise some additional working capital (?) Just a guess though. At least they sold off the money losing side of the business, but perhaps shareholders were hoping for a sale of the entire company?


>>> The Tax Plan is designed to reduce the likelihood that the Company will experience an ownership change under Section 382 <<<



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