InvestorsHub Logo
Followers 2
Posts 51
Boards Moderated 0
Alias Born 01/27/2022

Re: None

Saturday, 03/19/2022 9:06:26 AM

Saturday, March 19, 2022 9:06:26 AM

Post# of 10951
Hi WOW, Thanks for all your input! I just think Impossible Meats is the Knight in Shining armour. Continental Grains Inc has a majority ownership in both RIBT and IMpossible. Impossible wants to go public,what better way to go public either buying out RIBT and having access to rice supply which i prefer over the nasty side effects of SOY or a reverse merger which was popular in 2021 with various public sub par dollar companies ex SEAC. RIBT has alot going for itself and is cheap for a 40 cent stock. I believe the last fund to buy in is Roumillard which is very stringent on the companies it would buy. If you go to there website they mention that they buy into companies that they would take private in a heartbeat.
Anyways RIBT is almost breakeven per EBITDA all we need is a 5to7 percent margin on 6 million revenue to get to that 400 to 500 thaousand dollar margin. Also the book value of RIBT is much higher than its trading price. The mills and property alone are above the market cap of RIBT and are property value is deceiving because of years of depreciation on the books value based on inflation and increase in property values of the years is more like 50 million dollars!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RIBT News