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Appreciate you posts GO4AWILDRIDE, keep them coming/
Just in, the Biden administration will block the reverse Tik Tok/RIBT merger unless China gives his son Hunter more money. All this is rumor, I try not to give too much credibility to this buy you never know
Carl, you might be a bit low. TikTok wants to do a reverse merger with RIBT so they can get a NASDZAQ listing.
Mcllroy, Burns, Hoge, Hovland, Cam Young
273
Thanks for all your do for us Eli's
Heard this in a while Larry, fun video>>>>
https://www.youtube.com/watch?v=Uxp6OG8izQg&ab_channel=HDFilmTributes
Unfortunately the list supports the name of Dew's board, "The Rising Influence of Rising Affluence". The big money is taking over many of those points.
RIBT, I believe it will be sold. I'd be thrilled with $3, $2 OK, below $2...... oh well. The last three days some nice buys and raised bids getting their bids. It would be crazy to make big buys before a buyout, SEC might wonder. My guess it is close and a few know.. If so, I might get $2. I still hope for a miracle. I am not buying, BK still possible, like chapter 11. RIBT had a Chapter 11 like 10/12 years ago, same thing happens here. here and the stock goes to .25, but hope for better after that.
Italy’s ban on cultivated meat could set the industry back
https://techcrunch.com/2023/03/28/italy-ban-cultivated-meat/
Just when the U.S. government was getting more comfortable with the concept of cultivated meat, the Italian government put forth a bill banning the use of lab-grown food.
The process of making cultivated meat includes a method, like precision fermentation in a laboratory, that uses animal cells without slaughtering the animals.
Reuters reported that the bill “aims to safeguard the country’s agri-food heritage,” according to the country’s agriculture minister, Francesco Lollobrigida, who also said, “Laboratory products in our opinion do not guarantee quality, well-being and the protection of our culture, our tradition.”
The bill will now go in front of parliament, and if passed, any violation of the law in the future could result in fines of up to €60,000, or about $65,000.
In a response to the proposed ban, Cellular Agriculture Europe called it “bad public policy,” and that it would “reduce consumers’ ability to choose the food they want,” especially new products for those “who are concerned about animal welfare and the environmental impact of their food.”
Currently, Singapore is the only country allowing sales of cultivated chicken. Good Meat was the first company to get approval to sell its cultivated chicken product there and received a U.S. Food and Drug Administration clearance last week, joining Upside Foods, as the only two companies to move to the next stage of commercializing their products in the U.S.
Dozens of companies, both in the U.S. and elsewhere, are not far behind in getting cultivated, or cell-cultured, meat products on the market. In the U.S., these companies have to receive approval from both the FDA and U.S. Department of Agriculture before commercializing their products in this country.
Italy’s ban on cultivated meat could set the industry back
https://techcrunch.com/2023/03/28/italy-ban-cultivated-meat/
Just when the U.S. government was getting more comfortable with the concept of cultivated meat, the Italian government put forth a bill banning the use of lab-grown food.
The process of making cultivated meat includes a method, like precision fermentation in a laboratory, that uses animal cells without slaughtering the animals.
Reuters reported that the bill “aims to safeguard the country’s agri-food heritage,” according to the country’s agriculture minister, Francesco Lollobrigida, who also said, “Laboratory products in our opinion do not guarantee quality, well-being and the protection of our culture, our tradition.”
The bill will now go in front of parliament, and if passed, any violation of the law in the future could result in fines of up to €60,000, or about $65,000.
In a response to the proposed ban, Cellular Agriculture Europe called it “bad public policy,” and that it would “reduce consumers’ ability to choose the food they want,” especially new products for those “who are concerned about animal welfare and the environmental impact of their food.”
Currently, Singapore is the only country allowing sales of cultivated chicken. Good Meat was the first company to get approval to sell its cultivated chicken product there and received a U.S. Food and Drug Administration clearance last week, joining Upside Foods, as the only two companies to move to the next stage of commercializing their products in the U.S.
Dozens of companies, both in the U.S. and elsewhere, are not far behind in getting cultivated, or cell-cultured, meat products on the market. In the U.S., these companies have to receive approval from both the FDA and U.S. Department of Agriculture before commercializing their products in this country.
Thirteen trends driving change in food and agriculture production
https://www.foodbusinessnews.net/articles/23514-thirteen-trends-driving-change-in-food-and-agriculture-production
LA QUINTA, CALIF. — The buying and selling of farm equipment is often seen as an indicator of the overall health of the agricultural economy, and this type of data may provide insight into industry leanings. The Futures Council for the Association of Equipment Manufacturers (AEM) developed a report using this data and other research to identify the 13 trends in agriculture that are expected to greatly impact the ag sector and how food is produced in the future. Curt Blades, senior vice president for industry sectors and product leadership at AEM, recently shared these trends at the National Grain and Feed Association (NGFA) convention in La Quinta, Calif.
“We don’t have to agree with them, but we certainly need to be paying attention to them,” Mr. Blades said, noting some of the trends will have a dramatic impact on the grain and feed industry while others were more adjacent to the industry but were still important to consider.
1. Produce more with less environmental impact
“The population is expected to grow by 2.2 billion people by 2050, but at the same time, there is an increasing amount of pressure to lower our environmental impact,” Mr. Blades said. He pointed to advancing genetics, intentional stewardship and improving mechanics through precision agriculture as key ways to expand production without increasing the environmental load.
2. Optimization of water use
“We’ve got a water problem in the world and certainly in the United States,” Mr. Blades said, adding that agriculture often bears the brunt of the blame for water shortage issues.
“We’ve got some work to do in terms of how we monitor and how we irrigate,” he said.
3. Increased global demand for protein
While discussions about lab-grown meat and plant-based products have gained solid market traction, Mr. Blades said there was no indication demand for animal protein would decrease. In fact, it was projected to double by 2050, he said.
“It’s going to look a little different,” he acknowledged, adding that other products will continue to play an important role in the demand for protein. “But despite all the other headlines you’re going to read, there’s no bit of research that points to the fact that animal protein is not expected to continue on the upward swing for the foreseeable future.”
4. Shorter food supply chain
“It just makes a whole lot more sense to raise your lettuce close to where you’re consuming it because, otherwise, you’re just shipping water,” Mr. Blades said, recognizing how vertical farming initiatives and greenhouse growing systems have fundamentally changed the farming landscape, especially for leafy green vegetables. He also said many lessons were learned from the production successes of the marijuana industry.
“That technology is easily transferable into fruits and vegetables, probably not so much row crops, but there is a lot of interesting things we can learn (from the underground marijuana industry) that can absolutely translate into the food supply chain being dramatically different tomorrow than it is today,” he said.
5. Geographic shifts in production
For different reasons, both genetic advances and climate changes have allowed crops to grow in places they couldn’t grow previously, but the changes are opening possibilities for farmers to diversify.
“It’s a simple reality that the Corn Belt is moving further and further north, and the grain industry needs to prepare for this geographic shift in crop production,” Mr. Blades said.
6. Advanced food traceability helps maintain consumer trust
“If you talk to anyone that is close to consumers, they are demanding traceability and they’re voting with their wallets,” Mr. Blades said, affirming that one of traceability’s main purposes is to improve consumer trust, which has been marred in the past by concerns about food safety and food security. He encouraged businesses to be prepared to provide that traceability if they want to participate in future markets.
7. Farmers adjust in response to emission regulation
Mr. Blades confirmed there was plenty of pressure within the agricultural industry to reduce its carbon footprint, which may lead to targeted investments in equipment and vehicle upgrades to more sustainable alternatives, which might pressure bottom lines.
8. Efforts to decarbonize create adjacent economies
Mr. Blades said the US Department of Agriculture is actively pursuing opportunities to establish multiple income streams at singular farm operations by supporting the development of adjacent industries, especially for carbon markets where farmers could generate and sell carbon credits to private sector buyers.
“We don’t know how it’s going to end, but we certainly know there are going to be industries adjacent to the grain industry that will have dramatic impact on what’s happening in our world today, and we just have to be prepared for it,” he said.
9. Connectivity gap narrows
“All of the promise that we have within precision agriculture relies on constant connectivity of the internet,” Mr. Blades said.
He asked convention attendees to think about the fundamental impact smartphones have had on people’s lives, but many farmers are restricted from capitalizing on this innovative technology because the connectivity has not been available. According to the AEM report, only 25% of farms in the United States currently use connected equipment or devices to access data.
“I think we can only imagine the computing power that comes out of these tractors that’s currently contained inside that tractor and then all of a sudden it’s connected to the cloud, and every other tractor is connected to the cloud,” he said. “It’s amazing what’s going to come out of that.”
10. Artificial intelligence enables insight-driven farming
Mr. Blades said AI was making significant strides and was expected to influence the agricultural industry from both a productivity and sustainability standpoint. Some examples cited in the AEM report include real-time crop condition analysis, maintenance prediction systems and auto-harvesting robots.
11. Resources pour into cybersecurity
“If you haven’t been the victim of a cybersecurity attack yet, well then you’re going to be, so you need to get ready for it,” Mr. Blades said, encouraging attendees to tighten up their cyber security efforts as much as possible since the majority of data breaches result from weak links that often are overlooked. Adherence to security standards will become increasingly vital as farm operations transition to digital platforms.
12. Farm ownership models change
“We used to always joke that the average landowner in Iowa is an 82-year-old widow,” Mr. Blades said, adding, “I don’t know if that’s exactly correct, but it’s probably not too terribly far from the truth.”
For the first time in generations, farm businesses were increasingly being separated from the land, allowing non-operator landlords, typically retired farmers who were unable to successfully pass their operations to subsequent generations, to claim ownership while outside parties can invest in and produce on the land.
13. New business models emerge
“You don’t have to look very far to see the money that is being poured into agriculture,” Mr. Blades said.
Corporations with previously limited or no association to agriculture have begun investing in the sector at an accelerating pace and will likely influence, and eventually evolve, current systems.
“At some point that is going to change everything we’re used to within this industry, and new business models are going to emerge, and I don’t know if that’s a positive or a negative, but it’s certainly an interesting thing for us to pay attention to,” he said.
Thirteen trends driving change in food and agriculture production
https://www.foodbusinessnews.net/articles/23514-thirteen-trends-driving-change-in-food-and-agriculture-production
LA QUINTA, CALIF. — The buying and selling of farm equipment is often seen as an indicator of the overall health of the agricultural economy, and this type of data may provide insight into industry leanings. The Futures Council for the Association of Equipment Manufacturers (AEM) developed a report using this data and other research to identify the 13 trends in agriculture that are expected to greatly impact the ag sector and how food is produced in the future. Curt Blades, senior vice president for industry sectors and product leadership at AEM, recently shared these trends at the National Grain and Feed Association (NGFA) convention in La Quinta, Calif.
“We don’t have to agree with them, but we certainly need to be paying attention to them,” Mr. Blades said, noting some of the trends will have a dramatic impact on the grain and feed industry while others were more adjacent to the industry but were still important to consider.
1. Produce more with less environmental impact
“The population is expected to grow by 2.2 billion people by 2050, but at the same time, there is an increasing amount of pressure to lower our environmental impact,” Mr. Blades said. He pointed to advancing genetics, intentional stewardship and improving mechanics through precision agriculture as key ways to expand production without increasing the environmental load.
2. Optimization of water use
“We’ve got a water problem in the world and certainly in the United States,” Mr. Blades said, adding that agriculture often bears the brunt of the blame for water shortage issues.
“We’ve got some work to do in terms of how we monitor and how we irrigate,” he said.
3. Increased global demand for protein
While discussions about lab-grown meat and plant-based products have gained solid market traction, Mr. Blades said there was no indication demand for animal protein would decrease. In fact, it was projected to double by 2050, he said.
“It’s going to look a little different,” he acknowledged, adding that other products will continue to play an important role in the demand for protein. “But despite all the other headlines you’re going to read, there’s no bit of research that points to the fact that animal protein is not expected to continue on the upward swing for the foreseeable future.”
4. Shorter food supply chain
“It just makes a whole lot more sense to raise your lettuce close to where you’re consuming it because, otherwise, you’re just shipping water,” Mr. Blades said, recognizing how vertical farming initiatives and greenhouse growing systems have fundamentally changed the farming landscape, especially for leafy green vegetables. He also said many lessons were learned from the production successes of the marijuana industry.
“That technology is easily transferable into fruits and vegetables, probably not so much row crops, but there is a lot of interesting things we can learn (from the underground marijuana industry) that can absolutely translate into the food supply chain being dramatically different tomorrow than it is today,” he said.
5. Geographic shifts in production
For different reasons, both genetic advances and climate changes have allowed crops to grow in places they couldn’t grow previously, but the changes are opening possibilities for farmers to diversify.
“It’s a simple reality that the Corn Belt is moving further and further north, and the grain industry needs to prepare for this geographic shift in crop production,” Mr. Blades said.
6. Advanced food traceability helps maintain consumer trust
“If you talk to anyone that is close to consumers, they are demanding traceability and they’re voting with their wallets,” Mr. Blades said, affirming that one of traceability’s main purposes is to improve consumer trust, which has been marred in the past by concerns about food safety and food security. He encouraged businesses to be prepared to provide that traceability if they want to participate in future markets.
7. Farmers adjust in response to emission regulation
Mr. Blades confirmed there was plenty of pressure within the agricultural industry to reduce its carbon footprint, which may lead to targeted investments in equipment and vehicle upgrades to more sustainable alternatives, which might pressure bottom lines.
8. Efforts to decarbonize create adjacent economies
Mr. Blades said the US Department of Agriculture is actively pursuing opportunities to establish multiple income streams at singular farm operations by supporting the development of adjacent industries, especially for carbon markets where farmers could generate and sell carbon credits to private sector buyers.
“We don’t know how it’s going to end, but we certainly know there are going to be industries adjacent to the grain industry that will have dramatic impact on what’s happening in our world today, and we just have to be prepared for it,” he said.
9. Connectivity gap narrows
“All of the promise that we have within precision agriculture relies on constant connectivity of the internet,” Mr. Blades said.
He asked convention attendees to think about the fundamental impact smartphones have had on people’s lives, but many farmers are restricted from capitalizing on this innovative technology because the connectivity has not been available. According to the AEM report, only 25% of farms in the United States currently use connected equipment or devices to access data.
“I think we can only imagine the computing power that comes out of these tractors that’s currently contained inside that tractor and then all of a sudden it’s connected to the cloud, and every other tractor is connected to the cloud,” he said. “It’s amazing what’s going to come out of that.”
10. Artificial intelligence enables insight-driven farming
Mr. Blades said AI was making significant strides and was expected to influence the agricultural industry from both a productivity and sustainability standpoint. Some examples cited in the AEM report include real-time crop condition analysis, maintenance prediction systems and auto-harvesting robots.
11. Resources pour into cybersecurity
“If you haven’t been the victim of a cybersecurity attack yet, well then you’re going to be, so you need to get ready for it,” Mr. Blades said, encouraging attendees to tighten up their cyber security efforts as much as possible since the majority of data breaches result from weak links that often are overlooked. Adherence to security standards will become increasingly vital as farm operations transition to digital platforms.
12. Farm ownership models change
“We used to always joke that the average landowner in Iowa is an 82-year-old widow,” Mr. Blades said, adding, “I don’t know if that’s exactly correct, but it’s probably not too terribly far from the truth.”
For the first time in generations, farm businesses were increasingly being separated from the land, allowing non-operator landlords, typically retired farmers who were unable to successfully pass their operations to subsequent generations, to claim ownership while outside parties can invest in and produce on the land.
13. New business models emerge
“You don’t have to look very far to see the money that is being poured into agriculture,” Mr. Blades said.
Corporations with previously limited or no association to agriculture have begun investing in the sector at an accelerating pace and will likely influence, and eventually evolve, current systems.
“At some point that is going to change everything we’re used to within this industry, and new business models are going to emerge, and I don’t know if that’s a positive or a negative, but it’s certainly an interesting thing for us to pay attention to,” he said.
$RIBT Some bigger buy volume coming in at the ask, buyout PR coming soon?
26 to 1 ask over bid
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
>>> Cultured meat firm resurrects woolly mammoth in lab-grown meatball
Tech Crunch
by Paul Sawers
3-28-23
https://www.msn.com/en-us/news/technology/cultured-meat-firm-resurrects-woolly-mammoth-in-lab-grown-meatball/ar-AA19aVqD?OCID=ansmsnnews11
Truth, as the saying goes, is often stranger than fiction. The very notion of resurrecting the long-extinct woolly mammoth was the stuff of fantasy not that long ago, but scientists are already working on ways to achieve something close to that, using DNA from soft-tissue in frozen mammoth remains and meshing it with that of a modern-day elephant.
But while such “de-extinction” projects may or may not ultimately succeed, one company is already laying claim to having produced the first meat product made from mammoth DNA.
Vow, an Australian cultivated food company that creates meat in a laboratory setting from animal cells, says that it has used advanced molecular engineering to resurrect the woolly mammoth in meatball form, by combining original mammoth DNA with fragments of an African elephant’s DNA.
There’s little question that cultivated meat is coming, evidenced by the countless companies raising vast swathes of venture capital funding to produce meat and fish in a lab from animal cells, as well as the fact that companies are now starting to receiving the blessings of regulators such as the U.S. Food and Drug Administration (FDA). But while pork sausages and seafood make sense insofar as they are food that people are familiar with, Vow — which closed a $49.2 million round of funding just a few months ago — is clearly upping the ante with its foray into the world of extinct animals.
It’s worth acknowledging that there is a sizeable element of marketing magicianship to this announcement. The very concept was devised by communications agency and WPP-subsidiary Wunderman Thompson, which tells us something about the intent here — this is very much a promotional campaign for Vow. But at the same time, it’s also a promotional campaign for cultured meat in general, and the role it could play in creating a sustainable protein source that doesn’t involve killing animals. By some estimations, around 60% of greenhouse gas emissions from food production emanate from animal-based foods, double that of plant-based equivalents.
“The goal behind creating the mammoth meatball was really about starting that discussion around food, and what that decision to eat meat really means to the world at large, by bringing an extinct protein back to life,” James Ryall, Vow’s chief science officer, said in a video promoting the mammoth meatball.
Ryall said that the company first identified the mammoth myoglobin, a protein that is key to giving meat its color and taste, and then used publicly available data to identify the DNA sequence in mammoths.
“We filled in any gaps in the DNA sequence of this mammoth myoglobin gene, by using the genome of the African elephant, the mammoth’s closest living relative,” Ryall said. “We inserted the mammoth myoglobin gene into our cells using a very low-current and high-voltage charge. Then we continued to grow and multiply these cells just as would occur in a mammoth thousands of years ago. And the amazing thing about this is that not a single animal needed to die to produce the mammoth meatball.”
This isn’t the first time scientists have created food products from extinct animals. Back in 2018, a VC-backed Silicon Valley startup called Geltor made gummies using protein from a mastodon, another distant relative of elephants. However, in this latest instance, it’s believed that nobody has actually tasted one of the mammoth meatballs. Speaking to the Guardian newspaper, Professor Ernst Wolvetang, from the Australian Institute for Bioengineering at the University of Queensland which worked with Vow in this project, suggested that it’s probably not safe to try the meatball just now.
“We haven’t seen this protein for thousands of years,” Wolvetang said. “So we have no idea how our immune system would react when we eat it. But if we did it again, we could certainly do it in a way that would make it more palatable to regulatory bodies.”
The mammoth meatball is set to be officially unveiled at Nemo Science Museum in the Netherlands today.
Cultured meat firm resurrects woolly mammoth in lab-grown meatball by Paul Sawers originally published on TechCrunch
From gfp
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171558839
Mike Trout, Tiger Woods team up to build golf course in New Jersey
Video in the link
https://sports.yahoo.com/mike-trout-tiger-woods-team-153817831.html
Two heavy hitters in two different sports are combining forces on a new venture -- an 18-hole championship golf course in southern New Jersey.
The idea was the brainchild of three-time American League Most Valuable Player Mike Trout, who grew up in Millville, N.J., not far from the site of the planned course, Trout National -- The Reserve.
The designer is none other than 15-time major champion Tiger Woods, whom Trout says was favorite golfer growing up.
“I thought it would be pretty cool to reach out," Trout said, according to Sports Illustrated. We reached out, got a positive vibe when we mentioned it and got his team down to the site. Once Tiger’s team came down to the site, they loved it. It’s surreal. I mean, it’s friggin’ Tiger!"
Trout learned to play the game in high school, tagging along with his father. He told Sports Illustrated he now carries a handicap of "seven or eight," and he usually hits his drives 330-360 yards "when I'm not letting it go."
Trout and Woods plan to have the course -- located in Vineland, N.J., 45 minutes south of Philadelphia -- open for member play in 2025.
It's expected to have a signature hole with an island green, as the promotional video Trout released on Monday teased.
"Baseball always is my number one priority," Trout said. "I just enjoy golf. It’s a great mental getaway from the game.”
“My favorite golfer growing up obviously was Tiger,” Trout says.
$RIBT Is now the time for RIBT to get an SPAC with a legitimate Chinese company wanting a USA listing? I have no idea if one would work, just a thought.
I enjoy watching Scheffler and his nice smooth straight drives when he is in contention. Spieth, oh well. Schenk just hit a wild drive too.
Yep, that is kind of what they did. I remember when Hazeltine was built in Minnesota in the 60's and it had a couple of 600 yard par 5's and all the bitching from some of the players. A public course in the mid 60's I played on for my HS golf team had 2 back to back par 4's under 300 yards. New ones are definitely longer already and more have women, men's and now championship tees, compare to the 60's.
Justin Thomas read my post comparing a modified golf ball for PGA golfers is like raising the NBA hoop to 13 feet, same as I said, lol.
OK, yes , if Thomas reads this board, he only reads Eli's Gone and Seminole Red's posts only -:)
https://sports.yahoo.com/justin-thomas-slams-usga-ra-proposal-to-modify-golf-balls-and-limit-distances-its-so-bad-224406542.html
People are running faster, so what are they just going to make the length of a mile longer so that the fastest mile time doesn’t change? Or are they going to put the NBA hoop at 13 feet because people can jump higher now?” Thomas asked.
I am surprised SMR's don't get more play here. It sounds to me that nuclear power sources will last more years than lithium or oil supplies. And even going back to big nuclear power plants?
Am I wrong there?
https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
Advanced Small Modular Reactors (SMRs) are a key part of the Department’s goal to develop safe, clean, and affordable nuclear power options. The advanced SMRs currently under development in the United States represent a variety of sizes, technology options, capabilities, and deployment scenarios. These advanced reactors, envisioned to vary in size from tens of megawatts up to hundreds of megawatts, can be used for power generation, process heat, desalination, or other industrial uses. SMR designs may employ light water as a coolant or other non-light water coolants such as a gas, liquid metal, or molten salt.
Advanced SMRs offer many advantages, such as relatively small physical footprints, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions. SMRs also offer distinct safeguards, security and nonproliferation advantages.
The Department has long recognized the transformational value that advanced SMRs can provide to the nation’s economic, energy security, and environmental outlook. Accordingly, the Department has provided substantial support to the development of light water-cooled SMRs, which are under licensing review by the Nuclear Regulatory Commission (NRC) and will likely be deployed in the late 2020s to early 2030s. The Department is also interested in the development of SMRs that use nontraditional coolants such as liquid metals, salts, and gases for the potential safety, operational, and economic benefits they offer.
Advanced SMR R&D Program
Building on the successes of the SMR Licensing Technical Support (LTS) program, the Advanced SMR R&D program was initiated in FY2019 and supports research, development, and deployment activities to accelerate the availability of U.S.-based SMR technologies into domestic and international markets. Significant technology development and licensing risks remain in bringing advanced SMR designs to market and government support is required to achieve domestic deployment of SMRs by the late 2020s or early 2030s. Through this program, the Department has partnered with NuScale Power and Utah Associated Municipal Power Systems (UAMPS) to demonstrate a first-of-a-kind reactor technology at the Idaho National Laboratory this decade. Through these efforts, the Department will provide broad benefits to other domestic reactor developers by resolving many technical and licensing issues that are generic to SMR technologies, while promoting U.S. energy independence, energy dominance, and electricity grid resilience, and assuring that there is a future supply of clean, reliable baseload power.
U.S. Industry Opportunities for Advanced Nuclear Technology Development
The Department issued a multi-year cost-shared funding opportunity (U.S. Industry Opportunities for Advanced Nuclear Technology Development, DE-FOA-0001817) in 2018 to support innovative, domestic nuclear industry-driven concepts that have high potential to improve the overall economic outlook for nuclear power in the United States. This funding opportunity will enable the development of existing, new, and next-generation reactor designs, including SMR technologies.
The scope of the funding opportunity is very broad and solicits activities involved in finalizing the most mature SMR designs; developing manufacturing capabilities and techniques to improve cost and efficiency of nuclear builds; developing plant structures, systems, components, and control systems; addressing regulatory issues; and other technical needs identified by industry. The funding opportunity will provide awards sized and tailored to address a range of technical and regulatory issues impeding the progress of advanced reactor development. Read more on the FOA. Also, see the awards that have been selected to date.
Or a thought that fits the closing line in the CC, selling each unit individually could get them even more money than selling the company as a whole.?
"These alternatives are at various stages of review"
Or if they could get rid of Dillon they might even make a profit?
$RIBT to be sold or merged? If one reads the last paragraph of the CC it sounds like RIBT is already in a quiet period meaning a deal of some sort is in the works. With management getting paid in warrants priced at "0". and as of last June BOD's getting paid in stock and warrants priced at "0" they certainly want the stock as high as possible. It sounds like if they got rid of Dillon. the company is making a profit. If they could sell it that might be enough. But do they need a quiet period for that?
Last paragraph of the CC>>>>>
Bradley>>>
The Board is in the midst of a strategic review of all the possibilities for RiceBran Technologies. These alternatives are at various stages of review. And given the sensitive nature of this process, I am currently unable to provide any further details. I'd like to thank everybody for their attention, and I'll turn it back to the operator.
https://finance.yahoo.com/news/q4-2022-ricebran-technologies-earnings-093646340.html
$RIBT CC>>>>
https://finance.yahoo.com/news/q4-2022-ricebran-technologies-earnings-093646340.html
Participants
Peter G. Bradley; Executive Chairman & Acting Principal Executive Officer; RiceBran Technologies
Todd Travis Mitchell; COO, CFO & Secretary; RiceBran Technologies
Jeff Stanlis; VP; FNK IR LLC
Presentation
Operator
Greetings, and welcome to the RiceBran Technologies Fourth Quarter and Full Year 2022 Earnings Call and Webcast. (Operator Instructions) As a reminder, this conference is being recorded. And I will now turn the conference over to your host, Mr. Jeff Stanlis of FNK IR. Sir, the floor is yours.
Jeff Stanlis
Thank you. Good afternoon, everyone, and welcome to the RiceBran Technologies Fourth Quarter 2022 Financial Results Conference Call. Hosting the call today are Peter Bradley, Executive Chairman; and Todd Mitchell, RiceBran's Technologies Chief Operating Officer and Chief Financial Officer.
I want to remind participants that during the call, management's prepared remarks may contain forward-looking statements that are subject to risks and uncertainties. Therefore, the company claims protection under the safe harbor for forward-looking statements as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from results discussed today, and therefore, we refer you to a more detailed discussion of these risks and uncertainties in the company's filings with the SEC.
In addition, any projections as to the company's future performance represented by management include estimates as of today, March 16, 2023, and the company assumes no obligation to update these projections in the future as market conditions change.
The webcast and certain financial information provided in the call, including reconciliations of non-GAAP financial measures to comparable GAAP financial measures are available at www.ricebrantech.com on the Investor Relations page. At this time, I would like to turn the call over to Peter. Peter, please go ahead.
Peter G. Bradley
Thank you, Jeff, and good morning -- and good afternoon to everyone. 2022 was a year of both great progress and significant challenges. Notably, we entered into an agreement with Gander Foods with respect to our rice milling operations. And for the first time, Golden Ridge delivered a full quarter of positive contribution to adjusted EBITDA in the fourth quarter.
Additionally, MGI delivered strong revenue and profit contribution growth. Particularly pleasing was the momentum was maintained in the fourth quarter despite challenges with completing a major capital project at the mill. MGI now has 50% more capacity and a broader range of manufacturing capabilities, providing a solid platform for growth.
The Core-SRB business held its own, delivering double-digit revenue growth and maintained its profit contribution. The benefits of the revenue growth and solid pricing action, though, were offset by both higher raw material and operating costs.
While we've been able to grow volume through aggressive sales efforts we were unable to maintain our engagement with the previously disclosed new customers in the pet food category because we were unable to resolve certain technical performance issues.
The added value derivatives business, though had a tough year. The raw material and processing challenges, which materially impacted in the first half of the year, and led to the inability to meet market demand, resulting in customer losses accentuated by increased competition in the derivatives category.
Now let me turn the call over to Todd to discuss the results.
Todd Travis Mitchell
Thank you, Peter. Good afternoon, everyone. We delivered another $10 million plus quarter with year-over-year growth of 32% in the fourth quarter and 34% for the year. Both mills are executing very well and Core-SRB sales grew double digits for 4 quarters in a row. However, while adjusted EBITDA losses declined sequentially and year-over-year in the fourth quarter, largely due to a significant improvement at Golden Ridge. Results were below our expectations for both the quarter and the year.
Looking at the numbers in greater detail. Revenue. Total revenue was $10.6 million in the fourth quarter of 2022, a 32% increase from $8 million in the fourth quarter of 2021. Total revenue was $41.6 million in 2022, a 34% increase from just over $31 million in 2021. Growth for the quarter and for the year was led by Golden Ridge and MGI and helped by double-digit gains in Core-SRB sales offset by a decline in value-add SRB derivative sales.
Gross losses. Gross losses were $87,000 in the fourth quarter of 2022, down from gross losses of $170,000 a year ago. Gross losses were $759,000 for the full year 2022, a $1.2 million decline from gross profits of $442,000 in 2021. Gross losses for the quarter and for the year were driven by a decline in contribution margin from value-add SRB derivative sales. offset in part by improved results from Golden Ridge and MGI.
SG&A. SG&A in the fourth quarter declined 5% to $1.5 million from $1.6 million a year ago. Total SG&A for the year declined 6% to $6.7 million from $7.1 million in 2021. Lower SG&A for the quarter and for the year was driven by a reduction in director compensation and corporate expenses, with the latter primarily due to lower support staff compensation and benefits from subletting our corporate headquarters.
Operating losses. Operating losses declined 71% in the fourth quarter to $1.6 million from operating losses of $5.6 million in the fourth quarter of 2021. Operating losses for the year fell 31% to $7.3 million from $10.6 million in 2021. Operating losses in the fourth quarter and full year of 2021 included $3.9 million in noncash charge for goodwill impairment.
Net losses. Net loss for the quarter was $1.7 million or $0.28 per share compared to a net loss of $5.4 million or $1.04 per share a year ago. Net loss for the full year was $7.9 million or $1.42 per share compared to a net loss of just under $9 million or $1.87 per share in 2021. Net losses in 2021 included a gain of $1.8 million in the first quarter or forgiveness of the SBA PPP loan and the aforementioned $3.9 million charge in the fourth quarter for goodwill impairment.
Adjusted EBITDA. Adjusted EBITDA losses were $654,000 in the fourth quarter compared to adjusted EBITDA losses of $806,000 in the fourth quarter of 2021. Adjusted EBITDA losses for the full year were $3.8 million in the fourth quarter -- I'm sorry, for the full year compared to adjusted EBITDA losses of $2.9 million for 2021.
Lower losses in the fourth quarter stemmed from a significant improvement in contribution from Golden Ridge, while the decline for the year reflected the decline in contribution from our value-add SRB derivatives business.
Cash. Total cash was $3.9 million at the end of the year, down from $5.8 million at the end of 2021 and $4.4 million at the end of the third quarter of 2022. With that, I'll turn the call back to Peter for closing comments.
Peter G. Bradley
Thanks, Todd. Despite the progress in parts of the company in 2022, notably in the rice and specialty milling businesses, the Core-SRB has not moved forward as we wanted it to and the value-added derivatives business continues to suffer major market and operational challenges. Accordingly, we were not able to achieve the goal of positive adjusted EBITDA.
The Board is in the midst of a strategic review of all the possibilities for RiceBran Technologies. These alternatives are at various stages of review. And given the sensitive nature of this process, I am currently unable to provide any further details. I'd like to thank everybody for their attention, and I'll turn it back to the operator.
Operator
Thank you. Ladies and gentlemen, this does conclude today's conference call. You may disconnect your lines at this time, and have a wonderful day, and we thank you for your participation.
I am afraid RIBT will be sold. At their CC today, it was short and closed with like "We can't say anymore do to ongoing discussions". And those were probably waiting for the Q4 to become official. They had a 32% revenue increase, but their yeast replacement made for rice bran fell through.
Book value at the end of Q3 was $2.50. I can guess now below $2. I have no idea how much above book value a buyout can go for. With revenues increasing, well, that might help.
https://greenstocknews.com/news/nasdaq/ribt/ricebran-technologies-reports-fourth-quarter-2022-results
The sad thing is the company never looked better listening to the Q2 CC. The yeast replacement for the pet food was the bright spot and the downfall when it did not work out. It sure sounded like defeat, either sale or merger is my guess. The stock is not crashing, so guessing any form of BK is not an option.
My Q1 is all speculation.
Book value was listed as $2.50 per share. loss Q4 probably brings it down to like $2.1. plus Q1 is 83% over, more losses.
Sad about the call was Q3, derivatives and Dillon were doing great, now bad? The Q2 call , "We have plenty of cash and probably won't need a reverse split". Can we believe anything they say?
Q over Q 32% revenue increase, loss reduced.
SEC form>>>>>
https://www.sec.gov/Archives/edgar/data/1063537/000143774923006892/ex_489377.htm
story>>>
RiceBran Technologies Reports Fourth Quarter 2022 Results
https://greenstocknews.com/news/nasdaq/ribt/ricebran-technologies-reports-fourth-quarter-2022-results
Restricted balls might compare to raising the basket for the NBA to 13 feet?
I mean seeing how far these guys can hit the ball compare to me adds pizzazz to watching PGA golf.
Watching two handed slam dunks with bad intentions adds pizzazz to pro basketball.
I doubt LIV will go along with this.
New golf balls for tournament play?
Golf's governing bodies propose ball changes to shorten pro players' driving distances
https://sports.yahoo.com/golfs-governing-bodies-propose-ball-changes-to-shorten-pro-players-driving-distances-144035523.html
If implemented, the changes would go into effect in 2026 and recreational golfers would not be affected
Could professional golfers be hitting golf balls designed to travel shorter distances sometime this decade?
The USGA and R&A released a statement Tuesday proposing changes to golf balls professional golfers would use in events. According to the release, golf’s governing bodies want to change the launch conditions they use when determining what is and isn't considered a conforming golf ball.
In short, the thresholds for a conforming golf ball for a professional player would adhere to an Overall Distance Standard limit of 317 yards with a 3-yard tolerance. Those thresholds would be changed under a proposed Model Local Rule, meaning that recreational players would not be affected by the rule if it goes into effect. That local rule would likely deem all balls currently in use on the PGA Tour as non-conforming.
If the proposal is implemented, the new golf ball standards would be introduced on Jan. 1, 2026. The USGA and R&A — the governing bodies who run the U.S. Open and British Open — would adopt the MLR and the PGA Tour, the PGA Championship, the Masters and other tournaments would also have the option of implementing the rule at their tournaments. It reasons that the proposal would need to garner widespread support from the PGA Tour and other governing bodies to go into effect.
“We continue to work closely with the USGA and the R&A on a range of initiatives, including the topic of distance,” the PGA Tour said in a statement. “Regarding the notice to manufacturers announced today, we will continue our own extensive independent analysis of the topic and will collaborate with the USGA and the R&A, along with our membership and industry partners, to evaluate and provide feedback on this proposal. The Tour remains committed to ensuring any future solutions identified to benefit the game as a whole, without negatively impacting the Tour, its players or our fans’ enjoyment of our sport.”
Driving distance has skyrocketed
Distance has been a highly contested topic at the top levels of golf as elite golfers are using data-driven approaches to hitting the golf ball as far as they can. The average swing speed of a PGA Tour golfer has increased 3 MPH to roughly 115 MPH since 2007 and the average driving distance on the PGA Tour has increased by roughly 15 yards in the 2000s. Players are currently averaging 297 yards off the tee this season.
The distance gains players have earned through better training and club and ball technology has forced numerous courses on the PGA Tour to be lengthened. And even then, players are consistently hitting shorter clubs for their second shots on Par 4s than they were decades earlier.
But it’s also hard to rein in explosive growth after it’s been happening for years. And that’s one of many reasons why the proposal wouldn’t have any effect on recreational golfers.
Nice new board gfc. IMO, Nuclear makes mores since the wind or solar. Those Advanced Small Modular Reactors sound interesting!!!!!!!
Looks like coytele is scalping today, making a fortune off the swings.
gfp, I was glad to see the bounce too. I hope someone knows something. It started out weak, but 21,000 worth of buys sent it up after about an hour. Still some selling going on, but buy volume is 97K over sell 37K. Yesterday with fall, buy volume was just a bit less than buy volume. On Fridays big fall, buy was lower than sell volume.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
I am happy to see closing above the 50 and 100 day MA's
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=7&dy=0&id=p55203955733
Else holding over 1/2 of the recent gain. And it is staying above the 200
MA. Looks bullish yet to me.
https://stockcharts.com/h-sc/ui?s=BABYF&p=D&yr=0&mn=7&dy=0&id=p63886487057
Guessing the crooked market makes are shaking people out to buy stock for the next run up. Buy and sell volume were close to even yesterday and the bad Friday had MORE buy volume than sell. Important to close above the 50 day and 100 day. Management owes us a great CC. Virtue did own RIBT, and could still be a marker maker, but IMO, we don't need market makers and they are all potential manipulators, IMO. But earnings beat crooks.>>>>>
https://www.sec.gov/enforce/34-87155-s
Chart>>>
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=7&dy=0&id=p84119253858
Congrats cap!!! you pick good music on the iHub music boards too!!!!!!
$RIBT Conference call Thursday 4:30 E.
RiceBran Technologies to Host Fourth Quarter and Full Year 2022 Financial Results Conference Call on March 16 at 4:30 p.m. EST
https://finance.yahoo.com/news/ricebran-technologies-host-fourth-quarter-121500177.html
TOMBALL, TX / ACCESSWIRE / March 13, 2023 / RiceBran Technologies (NASDAQ:RIBT), a global leader in the development and production of critical nutritional and functional ingredients derived from small and ancient grains for the healthy food, nutraceutical, pet care and animal feed markets, announced that Peter Bradley, Executive Chairman and Todd Mitchell, Chief Financial Officer, will host a conference call on Thursday, March 16, at 4:30 p.m. EST to discuss the Company's financial results for the fourth quarter ended December 31, 2022.
The call information is as follows:
Date: March 16, 2023
Time: 4:30 p.m. Eastern Standard Time
Toll Free Dial-in number for US/Canada: 888-506-0062
Dial-In number for international callers: 973-528-0011
Participant Access Code: 189245
Webcast: https://www.ricebrantech.com/investors
Following the conclusion of the live call, a replay of the webcast will be available on the Investor Relations section of the Company's website for at least 90 days. A telephonic replay of the conference call will also be available from 7 p.m. EST on March 16, 2023 until 11:59 p.m. EST on March 30, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 47775
RIBT is in something called a stock market. The small cap index, the Russel 2000 is down 3.4% and maybe 6% the last two days. That often drags other stocks down. I hope like other recent days buyers jump in neat the end of trading.
https://finviz.com/futures_charts.ashx?p=d1&t=ER2
As of 1:04 E. buy volume is about 8/5 buy over sell volume
I have not been watching Else, nice move and nice PR>>>
https://finance.yahoo.com/news/else-nutrition-increases-production-capacity-120000049.html
RIBT? Well, they were working on a replacent for yeast in pet food, guessing with Purina, that is owned by Nestle. Somehow the ingredients in rice bran were turned into a liquid and the filter(screen or whatever) had coagulation and a new part was being developed. They had expansion in 3 places getting ready for the new product. That is the last we heard at the last CC in Noivember CC. Maybe next week and we might hear something. Shareholders I know are getting NOTHING out the the IR or others, extreme quite. So, it could be bad or good.
With the SEC investingating FinTwit over pump and dump of other stocks, I can guess management wants total quiet. iI Fintwit is sued over RIBT, RIBT would be the victim. But still it is best management be quiet. If the new yeast replacement is working out, Q4 results if good could lead to a partership or a big deal or such. The history of the stock has not been good.
Yes, the stock chart looks "intersting". I see the bid raised quite often in the afternoon on down days and selling into the raised bid gets the stock even or up, like today.. Last years Q4 CC was March 17th, I am guessing a PR comes out later this week or early nest week announcing the CC date and time.
Please change Hovland to Kitayama, TIA
Rahm, Homa, Hovland, Tom Kim, Young 276
The Six Weirdest Sources Of Energy: A Closer Look
They can't have my coffee
https://oilprice.com/Alternative-Energy/Renewable-Energy/The-Six-Weirdest-Sources-Of-Energy-A-Closer-Look.html
By Michael Kern - Mar 05, 2023, 12:00 PM CST
Cow manure is an unlikely source of energy that has been used for centuries.
Human waste is another surprising source of renewable energy that can be converted into biogas through anaerobic digestion.
Renewable energy sources are becoming increasingly important as the world moves towards a more sustainable and green future. While solar, wind, and hydropower are some of the most well-known renewable energy sources, many unconventional and even weird energy sources could play a significant role in our transition to a greener future.
Here is a closer look at six of the weirdest sources of energy:
1. Cow Poop
Cow manure is an unlikely energy source that has been used for centuries. When cow manure is placed in an anaerobic digester tank, microorganisms break down the organic matter without oxygen and produce biogas, which can generate electricity or heat. Biogas from cow poop has several advantages over traditional fossil fuels as it reduces greenhouse gas emissions and produces a natural fertilizer.
2. Potatoes
Potatoes have been a power source since the 1800s when they were first used to power telegraphs. A potato battery creates electricity through two metal electrodes inserted into the potato and connected with wires and a light bulb or motor. Although potatoes cannot generate enough electricity to power large-scale applications, they still have potential for small-scale applications such as emergency lighting.
3. Human Waste
Human waste is another surprising source of renewable energy that can be converted into biogas through anaerobic digestion. Sewage treatment plants can capture methane gas produced during this process and use it to generate electricity or heat buildings.
4. Algae
Algae may seem like an unlikely candidate for an energy source, but it has enormous potential due to its high growth rate and ability to grow in various environments such as ponds or tanks. Algae can be harvested and processed into biofuels such as biodiesel or ethanol.
5. Coffee Grounds
Coffee grounds can be converted into biofuel through pyrolysis, which involves heating them in the absence of oxygen. The resulting product contains oils that can be extracted to produce biodiesel.
6. Dance Floors
Kinetic tiles installed on dance floors use movement dancers generate to create electricity which then powers lighting or other electrical systems within buildings.
While these unconventional sources may seem strange at first glance, they offer us opportunities for creativity and innovation in developing sustainable solutions for our energy needs.
The Green Energy Transition Will Be Fueled By Creativity
The transition towards a greener future requires new ideas, innovative solutions and creative thinking from all sectors, including individuals, businesses, and governments. By embracing these unconventional sources of energy, we not only reduce our carbon footprint but also pave way for new industries while creating job opportunities along with economic growth.
In conclusion, the possibilities for renewable energies are vast if we continue exploring options beyond traditional fossil fuels. We need creativity, innovation, and collaboration between scientists, businesses, and governments to make this happen. The six weirdest sources highlighted here are just few examples out of numerous possibilities. However, it is clear that harnessing unconventional yet sustainable sources would help us achieve our goal of a cleaner environment, thereby ensuring a greener future!