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Clarification to my last post ... RS by mid July of 2023 if needed. Yes 2023
Stock had a fierce but temporary selloff after hours on today's filing about the upcoming vote in mid July for a possible reverse split (RS). Stock has surged back to 65c after dipping to 42c on heavy volume.
BTW, the company had a filing about the same RS several weeks ago.
Thanks WoW for the interview.
Correct we learned something remarkable from your post!
We should see a filing from those funds who absorbed Conti's zillion shares.
StoryTrading at 9.00am will also explain Conti's sales.
Very very good news folks for $RIBT
— richXmillion (@richxmillion) May 25, 2022
Grain Co Continental only has 3.5 million shares left and its going to rocket 🚀 sky high after
To know why they are selling please listen to YouTube live stream with @StoryTrading tomorrow 9AM eastern https://t.co/mFfH2qmDsB pic.twitter.com/hVNMtom62W
Management was asked about Conti's sales during the last conf call.
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Charles Robinson
And a quick question. Is there a correlation between the 1.4 million shares sold by Continental Grain, your largest shareholder, and the resignation of Ari Gendason? Can you shed some light on that?
Peter Bradley
To be honest, it's not for us to comment on Continental Grain's investment strategy, and Ari got other things to do for the Continental portfolio. But I think it's not our place to comment on that, on their investment strategy.
Charles Robinson
Okay. I guess I was looking for is there a reason why he resigned from the Board?
Todd Mitchell
It's a matter of what he wanted to focus on.
Peter Bradley
Yes.
Charles Robinson
Okay.
Todd Mitchell
I would look instead at the qualifications that our two new Board members bring to us. I think if you look at what we are doing with the shift in strategy towards specialty ingredients as opposed to being a larger grain operation, I think you can put two and two together there. Anything else, Charles?
Yes they hold only 2.3m shares now.
Sales over the last 3 days
05/23/2022 530,000 $0.7262
05/24/2022 1,267,000 $0.7198
05/25/2022 1,208,161 $0.7308
Conti held 3,543,160 shares as of last night.
Probably they will be out before Memorial Day and have sold some more today.
Correct, I have never seen him mention RIPPY etc previously. I had never heard of RIPPY, MatLOCK etc until you mentioned RIPPY here about two weeks ago.
Ben just provided an update on tomorrow's interview.
Just pre-interviewed @richXmillion on $RIBT
— Ben (@BenRTrader) May 25, 2022
He knows his stuff and will be able to reveal the story behind the trade. 🔥
9am EST. Spread the word. Set a reminder now at the below link. https://t.co/WNkydYuyg3 https://t.co/xVPdZlAnRy
Here is an example of Ben interviewing a micro cap company KBNT.
And they have tons of followers. Their picks usually do very well.
https://storytrading.com/
It is run by Ben. He is a pretty knowledgeable investor.
https://storytrading.com/about/
https://stocktwits.com/BenRabizadeh
https://twitter.com/BenRabizadeh?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
WowH. StoryTrading are not pumpers. They are in their picks for many years. I have followed some of their picks and they provide solid reasoning for their picks and very often interview management. I wouldn't be surprised to see an interview with RIBT management sometime in the coming weeks if RIBT is one of their picks.
https://stocktwits.com/StoryTrading/message/462091556
https://stocktwits.com/StoryTrading
No filing from Conti today
Tremendous rally. 73 cents was like the great wall of china today. Hit it several times today.
Upgrade from Lake Street will be wonderful at this point.
Continental sells another 1.3m shares.
They are now holding 5.3m shares
Well said Besdin. Also, Conti has been completely wrong on their multi year investment on RIBT. They have capital and resources and possess expertise in the same field, yet the investment didn't work out as expected. They were buyers in 3s, so they must have expected the stock to go much higher from 3s. Obviously they miscalculated.
Continental now holds about 6.5m shares, down from about 11m shares
Continental sells 2.5m shares this week.
Search for RIBT at insidercow.com
You will note I have not highlighted rice milling as part of our forward focus. While we have been pleased with our year-over-year improvement in our Golden Ridge facility, it has become clear to us that rice milling should not be a strategic focus for the Company. As a result, over the coming months, we will be exploring multiple options to optimize the financial and strategic impact from Golden Ridge.
Derivatives core SRB and specialty milling products provide our pathway to profitability. With the strategic initiatives I've outlined, our expectations are to see each of these business deliver solid growth despite the challenges in the supply chain. RiceBran is not immune to these challenges but also offers an opportunity to grow our penetration in key applications.
Source: https://seekingalpha.com/article/4505568-ricebran-technologies-ribt-management-on-q1-2022-results-earnings-call-transcript#comments
Continental has planned to sell about 2 million shares. They should be done by next week as they had already sold a big chunk about a month ago.
1) Continental resumes its planned selling.
2) Regarding stock split approval ....
to approve amendments to our articles of incorporation that would effect a reverse stock split, pursuant to which either five, ten, fifteen, twenty, or twenty-five outstanding shares of RiceBran Technologies common stock (Common Stock) would be combined into one share of such stock, and to authorize the Board, at its discretion, to select and file one such amendment which would effect the reverse stock split at one of these five reverse split ratios on or before July 14, 2023, if deemed appropriate;
Source:
https://flashalert.me/?symbol=RIBT&source=SEC&referer=https://stocktwits.com/&url=https://www.sec.gov/Archives/edgar/data/1063537/000143774922010906/ribt20220502_pre14a.htm&s3=RIBT/2022-05-04/17-20-59_000000/PRE%2014A/46e8cd7604bab8b5bfe2d5020e80293f/0001437749-22-010906-index.htm
Let's see when Mark Smith switches to a BUY rating
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October 28, 2021
09:02 EDT RIBT
RiceBran downgraded to Hold from Buy at Lake Street
Lake Street analyst Mark Smith downgraded RiceBran to Hold from Buy with a price target of 65c, down from $1.50, after the company reported third quarter results below his expectations. Though the company stated that the fourth quarter is progressing better than the third, he is hesitant as the largely unchanged supply chain and logistical environment creates a tough operating environment, Smith tells investors.
Very nice job management. Excellent report and optimistic commentary. Let's see if we get an upgrade. Conf call starts in a minute
https://finance.yahoo.com/news/ricebran-technologies-reports-first-quarter-201900922.html?.tsrc=rss
Click on the play call link at the top. Recommend listening to it.
Audio link to last earnings call. Was optimistic, but let's see what they deliver tomorrow.
https://seekingalpha.com/article/4496332-ricebran-technologies-ribt-q4-2021-results-earnings-call-transcript
Need management to provide positive commentary that will lead to an upgrade from the Lake Street analyst who had downgraded the stock last year on supply chain issues.
I will. I replied to copy's recommended stock and thought ICHR and MX are worthy of serious consideration.
It will help others if you seriously think about reducing and cutting your pointless posts on RIBT, especially those about price movements and your perpetually grieving posts that pollute this board.
MX ... Recd two buyout offers near $30 by Chinese firms. US govt blocked those deals for security reason.
https://seekingalpha.com/symbol/MX
Nice article. Thanks Wow
ICHR and MX are incredibly cheap. Add them to your watchlist.
Rice protein demand to soar. RIBT mentioned in these articles.
https://www.reportsanddata.com/report-detail/organic-rice-protein-market
https://finance.yahoo.com/news/organic-rice-protein-market-size-130000410.html
Excellent post. That next CC should clear the confusion caused by this Continental sale
Likely so. We will come to know once they file.
I don't know what their thinking is. They are selling some Bunge too and their proceeds from selling RIBT is peanuts in comparison to their proceeds from Bunge. All I know is that they were wrong with their RIBT purchases so far. Could they be wrong with their RIBT selling too? Time will tell.
Continental has sold slightly more than a million shares in the last days of March. They plan to sell a max of 2.5m shares.
http://www.insidercow.com/history/insider.jsp?Cik=0000929607&company=RIBT&name=CONTINENTAL%20GRAIN%20CO&title=%2010%%20owner
On March 25, 2022 Continental filed a Notice on Form 144 pursuant to Rule 144(h) under the Securities Act stating its intention to sell up to 2,500,000 share of Common Stock in reliance on Rule 144 under the Securities Act.
This is RIPPY's RIBT tweet...
$RIBT 🌾 GRAINS AND ANIMAL FEED 🐓🐂
— Rɪᴘᴘʏ ⑇ (@StocksThatRips) April 4, 2022
There's a gap to fill at $2.08
It could happen this week or next week.#Foodinflation #foodcrisis #Foodsecurity https://t.co/PqckXUFTRP
RIBT had many spikes last year and it settled above a dollar for few months on positive comments from management about business prospects.
Management even said that there wouldn't be a need to raise cash as the RIBT was close to profitability. But then the supply chain issue unexpectedly hit the markets, small caps sold off and RIBT broke 1. A few weeks after saying at the earnings conf call that they didn't need to raise cash they sold shares at 65cents and stunned the market. Which led to a year end tax loss selloff, also precipitated by the weak markets for small caps since November.
Let's see if management if able to deliver and get the stock above a buck. They seemed confident at the last call that the stock would get organically above one without the need for a RS, based on what they think will be better quarters going forward.
Continental has been a long term supporter of RIBT and is on its board. Obviously they must have seen something promising in the company. From the sale of a handful of BUNGE shares they could just swallow up RIBT entirely at current prices like a voracious python and digest the company for its long term plans.
I have no idea what they are thinking and I, as usual, am confused.
ConfusedTrader.