RiceBran Technologies (RIBT)

[wow_happens28]

It looks like one entity has been supporting the stock. Since the 3,763,500 shares sold the day after the Q2, another almost 4,000,000 shares have been sold to that entity. 40.21 millions shares outstanding, just over 4,000,000 shares would require a 10% holder filing. We could be nearing that mark. I don't see anybody buying all these sold shares with knowledge of a buyout by somebody else, that would get them into major SEC insider trading trouble. If no insider filing, it could be more than one entity buying and we will have to wait for the mid November institution filings to see who.

If you listened to the call, outgoing CEO Rystrom opened and then he even answered a caller question or two. If things were as bad as the recent trading makes it look, he would not have showed his face and talked like nothing was wrong as he did. If I am wrong about that and the company is a bad off as the recent stock trading paints that picture and the stock is going to a dime, Rystrom does not have a conscience for showing no remorse about his failure as a CEO. And with a book value of .63 and over $3m in cash and a big rice crop coming, I don't see it all that bad.

But, customer confidence has been shaken. Maybe a possible buyer or partner sees the great value in the company, if they could get the customer confidence back. If anybody here thinks Continental is going to kiss an $18,000,000 investment good bye and watch the stock go to 10 cents. then you should put your money where your mouth is and short the stock.

If there is a 10% holder, $1 off the announcement.