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A good PR would do it, but I feel the march already began. The 8 day MA is at $2.57, hope it closes above it today. The 34 day MA is $2.99 50 day at $3.39. A good PR gets us past maybe even the 200 day MA at $4.36. My hopes for now, not a prediction.
All well and good. but when do we start the climb to $12 ( old $1.20)
$RIBT Premium Pet Food Still in Demand
https://www.foodprocessing.com/industrynews/2022/premium-pet-food-still-in-demand/
People may be trading down to store brands for their own food, but they’re still out to pamper their pets.
Two leading pet retailers told CNBC that they have not seen any trend away from premium food, despite inflation. Both Petco and Chewy said most of their customers are not looking to save on food, although both said that they had been drop in spending on non-food items like leashes and toys.
Petco is expanding its offerings in premium pet food. It is partnering with Clif to make snack bars for dogs, and recently launched a line of frozen dog food.
“Pet parents are driving one of the biggest trends the pet industry has seen as they increasingly seek out fresh, human-grade food for all members of the family,” Petco CEO Ron Coughlin said in a release quoted by CNBC.
In fact, both Chewy and Petco reported year-over-year sales rises of 13% and 3.2%, respectively, for the most recent quarter. Both said consumer shifts toward more premium food were a factor in those increases.
Once again since the reverse split, buy volume exceeds sell volume by a good margin, even though currently down.
And by the looks of the iHub chart on the top of the message board page we had 400,000 and a 500,000 share trades at the buy(blue bar) base on pre split price, now 40K purchase and a 50K purchase
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades
beginning to follow path of previous split....slow march back down
Yes it will... RIBT will trade pretty thin...Will be interesting
It should be fun [and profitable] $RIBT
$RIBT Another Twitter guy with 62,000 followers has RIBT on his watch list>>>>
Mike Investing
Super Followers are going to bank Tomorrow! ??
They have their Premium Watchlist posted and a bunch of DD Threads posted ??
Super Followers have access to my $ALPP $CEI $BBIG $MULN $RIBT $INDO $PSNY $RMO $IMPP $NILE DD Threads
And will have access to all my alerts tomorrow!
Super Followers are going to bank Tomorrow! 💰
— Mike Investing (@MrMikeInvesting) September 6, 2022
They have their Premium Watchlist posted and a bunch of DD Threads posted 🐂
Super Followers have access to my $ALPP $CEI $BBIG $MULN $RIBT $INDO $PSNY $RMO $IMPP $NILE DD Threads
And will have access to all my alerts tomorrow!🔥 pic.twitter.com/cNceSiUjdT
Zack Morris, the Twitter dude with 559,800 is pumping 3 stocks for tomorrow.
$SPY $RIBT $CNTX
$SPY $RIBT $CNTX TOMORROW! I can’t wait to pump $SPY UP AND DOWN.
— Zack Morris (@MrZackMorris) September 5, 2022
Enjoy LABOR DAY my trading friends http://www.knowledgebank.irri.org/training/fact-sheets/postharvest-management/item/modern-rice-milling-fact-sheetds
Three day stock market weekends suck
I wish I was excited forMonday , but this $BORING
Maybe a one=two punch from these groups will happen on Monday?
Look at what "These traders" did for a few stocks>>>
https://stockcharts.com/h-sc/ui?s=GME&p=D&yr=2&mn=0&dy=0&id=p24778302057
https://stockcharts.com/h-sc/ui?s=AMC&p=D&yr=2&mn=0&dy=0&id=p43312514465
https://stockcharts.com/h-sc/ui?s=INDO&p=D&yr=2&mn=0&dy=0&id=p61355693285
Unfortunately these are all traders....not investors....without news the stock will flounder at these levels
Not just PJMatlock, but Zack Morris too. PJ has 260,000 Twitter followers and Zack has 556,000 followers . I have 198., but mine are quality, lol.
$RIBT for her pleasure
— Zack Morris (@MrZackMorris) September 1, 2022
I saw no news release...just WOW report on Vanguard
Pumped again by Matlock. Hence up.
https://twitter.com/PJ_Matlock
I saw no news release...just WOW report on Vanguard
Rob Fink 's phone is rather busy today $BESDIN
One positive came out today, Vanguard, who is the last to file 2 of their 3 quarterlies on their RIBT has drastically increased shares.
Todays' total of three funds are 4,480,469 shares in their 2 funds. 3 months ago the total was 2,548,236 shares. That is a 75% increase. These are pre split figures, Fintel; had not changed them yet.
The other 2 "Deep State" funds, Black Rock and State Street are still in, State Street rather new, Neither holds much.
I believe RIBT may now be holding back material information. Bradley said the new companion pet food was ready to go August 11th. Either it is being produced or there is a problem holding it back? Maybe they need to build up an inventory or such if it is a huge deal, inquiring minds want to know.
Rob Fink 646 809 4048 P.R.
Ghost Busters? LOL
RIBT
Sir , may I have a press release , $WOW who do I call?
I look at that small volume and go "big deal", Then I remember the revere split, lol.
"CHEERS" for better days ahead for $RIBT
RIBT shareholders have been disappointed for 200 years and now expect the worse. The way I see it is the new product is going to be huge. They have added extruders at Mermentau, And they added the building at Lake Charles to store extra product and test for quality. And they installed new equipment at MGI. And they would have been only $323,000 short of cash flow positive if not for the $1,000,000 defective product problem, something that has not happened before. In the call, the new product is ready to go. If no sales in Q3 and maybe a bit more loses, the cash on hand is still just fine.
So when the new product comes on line, they don't need cash from the sale of Golden Ridge....... unless they have plans to expand the higher value ingredients with a higher markup than milled rice.....WHICH I BELIEVE IS THE PLAN.
Ok, what could go wrong? And I can see no_static rolling his eyes and thinking there goes hunkonaroof again. But hey, it is the only thing that makes sense with what is known now. Why sell Golden Ridge if you don't need cash and cash should improve DRASTICALLY IN Q4 as is with the new pet food.
Upcycled food? No comment on that at the CC.
Thanks static.
These improvements have significantly expanded capacity and should allow the mill to continue to grow offer much larger revenue base. That being said, I indicated last quarter that I believed it was in the company's best interest to exit the primary rice milling business. And while we're not ready to announce anything specific as yet, I can assure you we have made significant progress to move in towards that goal.
source:
https://seekingalpha.com/article/4533297-ricebran-technologies-ribt-ceo-peter-bradley-on-q2-2022-results-earnings-call-transcript
Once the rice mill is sold that will put a good chunk of cash in their pocket and stave off any need for another raise. The reduction in revenue will be accompanied by an increase in gross margins, which will be welcome news. Hopefully, they've stabilized the operations (pun not intended) enough to get over what they paid for it and not a fire sale because they overpaid to begin with.
Thanks Wow.
/////////////////////////////
From 4 years ago.
RiceBran Technologies on Nov. 5 exercised its option to acquire the assets and operations of Golden Ridge Rice Mills’ milling facility in Wynne, Ark. Total consideration of the transaction is expected to be approximately $7 million to $8 million,
RIBT picked a bad day for the RS, a perfect storm for the stock fall. The market had one of the worst days of the year, The Russel down almost 4% and add fears about the reserve split and down it went.
https://finviz.com/futures_charts.ashx?p=d1&t=ER2
But, Smart buyers were taking advantage of the fear. They was more buying at the bid than selling at the ask. I feel the 14% drop was unjustified, but understandable with the fall of the markets.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades
Confusedtrader. I believe they paid $7.8 mil and probably added valued to it. Plus, they would keep the add ons for stabilization and the human bran room, which we never found out what that is for.
The revenues are lower margin revenues. And the only reason they would sell would be to acquire higher revenues business through expanding the other divisions. They don't need cash with what we know now. "the $1,000,000 defective product cost. And RIBT has NEVER had a write-down like that. EBIDTA loss would have only been $323,000 without the loss. Cash at the end of the Q was $5.1M, down from $5..6M "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169672077
Some questions .. If they are looking to exit rice milling then ...
1) What is the estimated cash influx from the sale of those assets?
2) What would be the drop in revenues from this discontinued business?
3) What be the reduction in expenses going forward?
Thanks
https://www.bakingbusiness.com/articles/47425-ricebran-exercises-option-to-acquire-golden-ridge-rice-milling-facility
~~~~~~~mean while , back at the ranch.
2.48 now.... Looks like people were not expecting a RS!
A source told me that his broker was looking for shares to loan for shorting, 14%interest. Not many were available when listing was in doubt. Hope it means we got fuel for a short covering rally. I am not happy they didn't payout a PR about the reverse split being completed with a couple of positives in it.
Big day ahead for $RIBT land.
$RIBT Last big afterhours trade was 53,421 shares at .313
I hope that is a good omen>>
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades
$RIBT $RIBT Ready for some $RIBT action.
I believe it possible RIBT has a deal, partnership or more tied to the completion of the reverse split. Hope so anyway.
Reverse stock split 1 for 10 midnight tonight 11:59 PM 8/25/22
https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774922021317/ribt20220823_8k.htm
Some funds and institutions can not buy sub $1.00 stocks according to their own rules.
RIBT management could have a nice PR soon since all can buy starting tomorrow, and maybe holding big news back to get more in?
Nice getting this monkey off our backs
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RiceBran Technologies is a specialty ingredient company focused on the development, production, and marketing of products derived from traditional and ancient small grains. Notably, we are global leader in the production and marketing of stabilized rice bran (SRB), and high value-added derivative products derived from SRB, as well as a processor of rice, rice co-products, and barley and oat products. We create and produce products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all natural, non-GMO and organic products. The target markets for our products include food and animal nutrition manufacturers and retailers, as well as specialty food, functional food and nutritional supplement manufacturers and retailers, both domestically and internationally. More information can be found in the Company's filings with the SEC and by visiting our website at http://www.ricebrantech.com.
RiceBran Technologies Reports First Quarter 2022 Results
Link: https://irdirect.net/prviewer/release_only/id/5018036
Investor Contact
Rob Fink / Matt Chesler, CFA
FNK IR
ribt@fnkir.com
646.809.4048 / 646.809.2183
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