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I just have a free membership. The Barchart 100 list and the section about new highs and new lows from the Market Momentum are all I use. The membership also allows the use of flip sectors when I check the specific sectors pages ~~~~~~~~YOUR QUOTE , SO YOU ARE BUYING?
No way...they don't play in the low rent district
MAY BE HEDGE FUNDS?
so far ( it's 5:42 EST ) stock has traded 370,000 shares since the close of .54 Current vos is 590,000 Most of the sales have been at .72...it got as hi as .735 Never have we seen this volume AFTER HOURS...hope we find out whats going on...we've had false starts before
$RIBT A new SEC filing out thus AM that they replaced the auditor. The new one said they saw nothing wrong with the filings. I admit i don't understand why it happened, could be good if it a last minute thing before a sale, but doubt that. The volume is not speaking of a disaster. Maybe we get a nice last hour.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774923024531/ribt20230823_8k.htm
Apparently the stockholder meeting is not going well
LowHigh
% Above Low (08/24/22 - 08/24/23)~~~~~~~NOTE THE DATES!
Copy that ,
$RIBT Q2 PR
Carl,RIBT made it's first quarterly profit ever, unofficially. They took out the same condition after the sale of the bran business. I hope we hear a bit more from the SH meeting Wednesday.
Below the whole PR>>>>>
https://finance.yahoo.com/news/ricebran-technologies-reports-second-quarter-200600243.html
TOMBALL, TX / ACCESSWIRE / August 21, 2023 / RiceBran Technologies (NASDAQ:RIBT) ("RiceBran" or the "Company"), an innovator in the development and manufacture of nutritional and functional ingredients derived from rice, barley and oats, today announced financial results for the second quarter ended June 30, 2023.
Eric Tompkins, Executive Chairman of RiceBran, commented, "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."
"Operationally, RiceBran delivered positive gross profit in 2Q23 from continuing operations, reversing prior quarters of gross losses, due to improved efficiency, recent capacity enhancements and higher volumes," Tompkins added. "Moving forward we are focused on further rationalizing our costs while exploring any and all alternatives to create value. With an ongoing strategic process in place and the Company's Board of Director (the "Board") actively evaluating a variety of potential outcomes, we have opted to forgo a quarterly conference call until a time when we are in a better position to share more meaningful disclosures on our strategic progress."
Second Quarter 2023 Financial and Operational Overview
Revenue: Total revenue from continuing operations was $6.3 million in 2Q23, down 4.7% from 2Q22 as lower MGI Grain Inc, ("MGI") milling revenues were offset by an increase in Golden Ridge Rice Mills ("Golden Ridge") milling revenues.
Gross Profit: Gross profit from continuing operations for 2Q23 was $24,000 compared to a gross loss of $0.4 million in the second quarter of 2022, reflecting higher gross profit at Golden Ridge related to increased volume and at MGI due to the elimination of certain operational inefficiencies.
SG&A and Operating Loss: SG&A from continuing operations increased $0.4 million year-over-year due to increased legal costs as the Board continues to explore strategic alternatives. Loss from continuing operations before other income (expense) was $1.6 million in 2Q23, consistent with 2Q22, because the impact of improved gross margins was offset by increased legal expenses.
Loss from Continuing Operations and Loss from Discontinued Operations: The Company reported a loss from continuing operations of $1.8 million in 2Q23 compared to $2.2 million in 2Q22. RiceBran also reported a loss from discontinued operations of $8.5 million in 2Q23 compared to $447,000 in 2Q22. The loss from discontinued operations reflects the sale of the SRB business, including a loss on the sale of $8.6 million.
Net Loss and EPS: Inclusive of the loss from discontinued operations, net loss was $10.3 million in 2Q23 compared to $2.6 million in 2Q22. Loss per share from continuing operations was $(0.27) in 2Q23 compared to $(0.41) in 2Q22. Loss per share from discontinued operations was $(1.27) in 2Q23 compared to $(0.09) in 2Q22.
Balance Sheet: Total cash was $0.3 million at the end of 2Q23 down from $3.9 million at the end of 4Q22, after repayments of $3.0 million on the Company's factoring, line of credit and long-term debt and finance lease liabilities. Our current liquidity, consisting of cash and availability from our factoring facility, is $0.6 million.
In our continuing operations, during the first half of 2023, we used $1.3 million of cash to fund operating activities and $0.3 million for capital expenditures. This was offset by the $1.0 million of cash provided by the SRB business' operations and its June 23,2023 disposition.
News out $$$$))))
We agree!!!!!
I am not buying and I am not selling.....but I am crossing my fingers that Keanelly knows what he's doing
besdin, you have been a contrary opinion RIBT indicator for 20 years. You now say "disaster". So is that a "Buy Buy Buy" contrary indicator? Well, I have done no better, but for a couple of fewer years. I did sell a couple of times and bough back in lower, but does not mean much with the current price.
My case for holding until at least next Wednesday and the shareholder meeting>>>
1.$8m losses will never be recurring.
2. Of the $2m part of the loss, how much of that was lost revenue and profits from the weak part of the company, the rice bran segment when they sold over 1/2 way through Q2?
3. At the time of the rice bran sale, we were half way through Q2. At that CC we were told that the doubling of expansion at MGI was already showing new revenue. For a segment that was increasing revenue in Q1, do you know how much MGI did revenue a profit/loss MGI did on it's own in Q2? Any idea how it's doing now?
4. Golden Ridge, how did it do alone Q2, nobody knows that either, except insiders. In that segment on it's own did it make a profit and had increased revenue? How's it doing so far in Q3. On points 3 and 4, only top management knows the answer. We did have a bran source problem in 2022, 2023 was to be much better with a new source.
5., Former head Bradley was paid in warrants priced a "0". Mitchel and board members have tons or warrants priced at "0" as well. Keneally received 100,000 warrants priced at "0". I got to believe what is going is to get something from somebody that gets the stock up from here.
6. The federal NOLS useable of 44.7m and guessing 9m shares outstanding with warrants factored in, if we could get 1/3 of them, that is $1.65. If the buyer could use a tiny bit of the state NOLS, add .35, now $2.00 . We sold the financial black hole, rice bran that was costing us up the wazoo and we now could have a profitable business', cash flow neutral at worse. Q3 with good figures could get us sold.
I had my $3 fair value for a sale estimate, before the SEC s flings and much more possible. I doubt that this is all a charade to give insiders time to sell their shares. I believe what they are doing is time tested and legal. Why would they risk jail time. These guys losing .72.5 per share from here if it goes to ZERO, that is chicken feed for them. I still hope for at least $3 share price, 3 months from now. I am using the Besdin indicator and going contrary to his advice, at least until Wednesday. I am holding and preparing to add if any thing good comes fron the SH meeting.
As all of you know I am a 20 year shareholder with losses in the high 6 figures...I have steadfastly believed in this company, and while I hate to be negative ...but with the stock closing at .71.it's hard to imagine anything other than an impending disaster. Second qtr loses were 10.3 million, due to an approximate loss of 8 million on the sale of the plants they got rid of
The ONLY asset the company has is their loss carry forward which is worthless to a company buying them out since the loss stays with RIBT and THEY would need to buy a company to maintain THEIR loss carry forward ------this does not recognize that there can always be some fudging and twisting of the accounting in a sale,
Fatto and all, first, the below is my hopes and opinion. I have not heard what I am posting from anybody, my own guess. Buy or sell at your own risk.
Q2 might have been bad so they postponed putting the results basically until the next Q. Q2 had a lot of money possibly going out with extra work for the sale of the bran. It must be hard to sell a company with a bad Q because it can't be sold only for only tax losses carried forward. So. Keneally found a legal way around it from having to report the losses now and they become available about the same time as Q3. And RIBT could possible get a higher sale price with better numbers.
Q3 could be very good. At the Q1 CC they stated that MGI, who had just double production capacity was already getting new business from it. Golden Ridge who was lacking bran from farmers hired a dude to get more. Golden Ridge could be doing well also. And remember, RIBT sold the big losing part of the business, the rice bran. The drawback is Q3 has been a slow Q some years.
I hope we get an explanation at the shareholder meeting next Wednesday. Again, I have not talked to anybody connected to RIBT in anyway except conference calls. They are being so tight with info that there are not the usual rumors floating around. I don't even call the PR dude guys anymore and they are NEVER of any value anyway, just there for public relations.. This is all my dot connecting and it may all be wrong. I am not recommending the stock and not buying. And I could be TOTALLY WRONG.
COMING !!!! We're already there
I feel a new low coming !
Run for the hills Chicken Little------the sky is falling
I guess I will load up , what the "HELL" is going on?
RIBT has 45 days to get their 10Q out. Q1 was out May 11th. Q2 should be out next week, for sure.. My math is Monday, but they may get out Tuesday OK.
Companies must file their 10-Qs 40 or 45 days after the end of their quarters, depending on the size of their public float.
https://www.investopedia.com/terms/1/10q.asp
Why the big up volume Monday and nice volume yesterday and down? Sunday a story came out from Stock News.com., StockNews.com Initiates Coverage on RiceBran Technologies and a couple of sites pread the news on Twitter.
https://www.americanbankingnews.com/2023/08/06/stocknews-com-initiates-coverage-on-ricebran-technologies-nasdaqribt.html
But, it initiated a "sell"
But then it listed new institutional trading>>>
A number of institutional investors and hedge funds have recently modified their holdings of RIBT. UBS Group AG increased its position in shares of RiceBran Technologies by 1,828.1% during the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock valued at $26,000 after acquiring an additional 36,561 shares during the last quarter. Virtu Financial LLC bought a new position in RiceBran Technologies during the fourth quarter valued at $32,000. LPL Financial LLC bought a new position in shares of RiceBran Technologies in the fourth quarter worth $43,000. Jane Street Group LLC boosted its holdings in shares of RiceBran Technologies by 112.9% in the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after acquiring an additional 37,014 shares during the period. Finally, State Street Corp bought a new position in shares of RiceBran Technologies in the first quarter worth $69,000. 3.37% of the stock is owned by hedge funds and other institutional investors.
But all of that was BS old news. All the institutions have sold since the Q4 report. One little new one now holds and that is only 376 shares, lol.
https://fintel.io/so/us/ribt
My guess, is the story created a bunch of buying Monday and yesterday some of them sold. So, a net neutral.
$RIBT So far today, this is the first day in a while that the trading and volume makes me think either someone knows something good is coming, or THINKS they know something.
OOOOOOPS...the cavalry didn't show up friday
Raising the bid most of the morning to entice sellers.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
Keeps getting knocked down just before the bell ???
24K buy and 10K sell. and the stock closes down. There has been some "interesting" trading lately . One a couple of weeks ago and on last week, In both the sell volume was 10 time the buy. But, the stock rose both days, with thanks to the bid being raised by someone wanting to buy. I believe somone or group with a lot of money is quietly buying RIBT stock. I hope whatever the reason that he/they are right.
Yes....now I have 2
Didn't you get a share last December?
Now that I have one extra share I'm very bullish
yep....that was me ordering while I was in Chicago...bought 1,289,345 but they said they ran out of sellers so they only gave me one share
I guess the last 5 days trading was market maker hanky panky. Shake out some chickens an buy stock lower. Just guessing and hoping for the best.
WHY THE VOLUME?
Oats>>>>>>
General Mills leans into weight loss foods with protein and ‘good calories’
https://www.fooddive.com/news/general-mills-weight-loss-foods-cheerios-oat-crunch-progresso-ratio-snacks/686315/
Snippet:
General Mills is devoting more attention to developing products in the breakfast and snacking categories that help consumers who are struggling with their weight or just want to eat healthier, a top executive said in an interview.
5:05 pm ET July 6, 2023 (Accesswire) Print
TOMBALL, TX / ACCESSWIRE / July 6, 2023 / RiceBran Technologies (NASDAQ:RIBT) ("RiceBran" or the "Company"), a global leader in the development and manufacture of nutritional and functional ingredients derived from rice and other small and ancient grains for human food, nutraceutical, pet care and equine feed applications, today announced that its Board of Directors (the "Board") has adopted a Tax Benefits Preservation Plan (the "Tax Plan").
The Company has significant U.S. federal and state net operating loss carryforwards ("NOLs"). As of December 31, 2022, the Company has U.S. federal NOLs of approximately $54.4 million that can be used to offset taxable income, of which approximately $44.7 million are not subject to any limitation under Section 382 of the Internal Revenue Co
They bought Golden Ridge for $8M dollars. It was worthless from an ROI standpoint when they bought it. Maybe they finally cleaned it up to get some of OUR money back with a goose to the share price. They Will dismantle it all.
Charts are really great at telling you why stocks did something AFTER they did it
THEIR LIKE FORTUNE TELLERS ...100 guesses and one will be right
This stock will probably merger in an attempt to keep their loss carry forwards..any company that buys them outright will lose the loss carry forward. Or they could pull a minnow and a whale trick.
Either way..the promise of an $ 8-10 stock from years ago based on Rice Bran are down the drain.......I think we've all been drinking the cool ade for too long
CHANCE ???? Chance of what....cutting losses by 10 cents...
NICE VOLUME , MAYBE WE HAVE A CHANCE.
Unbelievable !!!! NO DJ release and NO posting on home page...why the secret???
no rice bran ??? we're just another milling company
I see this as a ""PLUS" , it looks like we may-be getting a little direction?
$RIBT RiceBran Technologies Sells SRB Business
https://finance.yahoo.com/news/ricebran-technologies-sells-srb-business-110000770.html
Asset Sale is First Step of Previously Announced Strategic Review
TOMBALL, TX / ACCESSWIRE / June 26, 2023 / RiceBran Technologies (NASDAQ:RIBT) ("RiceBran" or the "Company"), a global leader in the development and manufacture of nutritional and functional ingredients derived from rice and other small and ancient grains for food, nutraceutical, pet care and equine feed applications, today announced that it has sold its stabilized rice bran ("SRB") business for total consideration of approximately $3.5 million, consisting of $1.8 million in cash and the assumption of $1.7 million of the Company's real estate lease obligations on two operating facilities, to Stabil Nutrition, LLC.
The transaction is part of the previously disclosed strategic review by the Board of Directors who anticipate that, based upon first quarter 2023 results, this sale would decrease RiceBran's projected annual net loss by approximately $2.2 million, including the reduction in selling, general and administrative expenses of $1.3 million, while not jeopardizing the estimated $54.4 million in federal and $46.0 million in state net operating loss carryforwards that the Company had amassed as of December 31, 2022.
The assets sold include two Company-owned manufacturing facilities in Dillon, Montana and Mermentau, Louisiana, as well as two leased facilities in West Sacramento, California and Lake Charles, Louisiana.
Eric Tompkins, RiceBran's Executive Chairman, commented, "This transaction reduces our ongoing fixed costs and streamlines our organization while removing the impact of the derivatives business that has historically been challenged by production issues and increased competition. Further, this transaction provides us more flexibility as we continue to evaluate alternatives for our remaining assets."
Additional terms of the transaction will be disclosed in a Form 8-K to be filed with the Securities and Exchange Commission (the "SEC").
But they never let us ask/or answer~~~~QUESTIONS? [maybe new boss~~new attitude]
Seems to me RIBT needs their annual shareholder meeting
Run up on no vol. run down on no vol. both non events
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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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