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Tuesday, November 12, 2019 2:56:24 PM
Lets do some math. Their cheapest bran goes for 25 cents per pound. Rice flour goes wholesale for about $1.00 per pound, but cheaper than RIBT's top bran. Rice flour is used in place of SRB for a lot of products. SRB is more nutritious but added to meat or meat substitutes rice flour is more competitive than RIBT's top grade. If RIBT's new product with possible direct-fed microbials added and they could get 75 cents per pound for it, they'd get plenty of business. If the gross profit was 50%, that is 37.5 cents per pound, or $37,000,000 gross profit. Revenues of $75.000.000 added to the 2019 revenue estimate of $27,000,000. Come on now magicjs a $5.00 stock, get real and buy a calculator. Even if my numbers are off by 50%, still a super stock. RIBT is the best kept secret on Wall Street. RIBT management has been sandbagging this new product. Look for more buying by Continental on the cheap to confirm my forecast.
I might add, if you have been listening to the CC's Rystrom has been saying a lot about the new speed of the processing equipment being installed. Just making our current product cheaper is more profit.
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
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 09:25:14 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/31/2023 09:25:49 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 08/31/2023 09:22:11 PM
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