Followers | 101 |
Posts | 29302 |
Boards Moderated | 3 |
Alias Born | 09/17/2006 |
Sunday, March 10, 2019 10:59:03 PM
The line "potential tuck-in acquisition", is quite telling to me. At the March CC last year they talked about maybe buying a rice mill in Arkansas. Early December , it was a done deal. I doubt that they would raise money for a "tuck under", now if they did not know what they wanted. If Rystrom thinks they will need another mill, wow wow wow. I posted about this Friday, and said they needed a mill with-in a 120 mile radius. Well, not so. They could get stabilization equipment in a mill further away. And they can do that now right in some mills. So, it could be further away. Golden Ridge will get 32% more bran now and could probably expand that number. Another mill, same size and maybe almost double capacity and the new product could sell for much more per pound that the animal feed bass stabilized bran. I could see triple the sales in 2020,easily, with what we have a hint at now.
$12,000,000 seems like a lot. Golden Ridge went for $7,800,000. But about $4,666,000 was in newly issued stock that was about $2.90 a share. I got to guess the new processing plant costs a bit more than I would guess. Be fun if they have 2 mills in mind?
But, if they see a need for another mill and the new processing plant is done by late fall, and a new mill bought, SOMETHING HUGE WILL BE COMING. Too bad we might not know who it is with. For example, they have talked about at least 2 CC's about a new gluten free baker buying RIBT product, know who? LOL.
Hey, I could be wrong about the "tuck under" being another rice mill. But Rystrom has said in past CC's that we may buy another mill later in 2019
Life is not measured by the number of breaths you take, but by the moments that take your breath away--Wows happen!!!
Recent RIBT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:15:22 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 04/19/2024 08:25:57 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/30/2024 01:43:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 10:01:09 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 07:36:17 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2024 02:51:19 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2024 01:28:01 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2024 01:05:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 01:58:13 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 01:53:02 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 09:26:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/02/2023 08:24:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/20/2023 08:06:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 01:07:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 12:55:44 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM