RiceBran Technologies (RIBT)

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Here are some stream of consciousness thoughts about this weak showing..

What happened to seeing "strong momentum" in the first quarter and then their increase in revenue coming mostly from the rice mill and bran growth being in the single digits? They were headlong into the first quarter when they communicated on year end and completely BS all of us with their big set up, and then rug pull....I'm feeling a bit like Charlie Brown kicking the football..

They keep chipping away at their own credibility and sounding more and more like a JS and BE with their missed projections and then making up for it by promising bigger and better things if you just wait a little longer.

What kind of due diligence did they do on Golden Ridge? Seriously...did they even spend any time there? That was shocking to see they had negative margins and the product quality was suspect? SQF Certification? Really?

Positive EBITDA projection went from 1st to 2nd qtr, to mid year, and now end of the year..watch that can get kicked down the road further and further. More BE and JS antics.

The last question from the gracious elderly gentleman about this TOP SECRET product was a legitimate one, and I appreciate his wanting the pot of gold at the end of the rainbow like any of us would with any company but particularly this one with its history.

This new miracle ingredient to me is just some carrot dangled in front of us to keep our attention and our pockets in this stock while they figure things out. I'm not saying it doesn't exist and the demand isn't there. In my totally uninformed opinion but I feel they had no need divulge this pie in the sky thing but did out of desperation to massage and mitigate their miscues and mishaps and keep hope alive..

For any of you old timers it's more of the "if we build it they will come" routine...this has been ongoing for years and years...