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Re: gfp927z post# 247

Wednesday, 05/04/2022 7:46:47 PM

Wednesday, May 04, 2022 7:46:47 PM

Post# of 381
I am in nothing but RIBT, I just research and post to keep my mind moving. I don't trust anything. For RIBT, Continental who has done nothing sales wise in 5 years is leaving. I don't see ho the stock goes up without major news.. And CG' aver average is about $1.45 and they are selling at a loss. The did about doubel big money on BG though. It looks like RIBT could sell Golden Ridge. They don't need a rice mill. Bunge even sold one. If they got $8M for it, they could hook up to a lot of other mills and maybe get almost 3X the rice bran they get now.

From the CC>>>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168715949

After the 3 focus's Bradley said what was a hint Golden Ridge might be sold>>>
You will note I have not highlighted rice milling as part of our forward focus. While we have been pleased with our year-over-year improvement in our Golden Ridge facility, it has become clear to us that rice milling should not be a strategic focus for the Company. As a result, over the coming months, we will be exploring multiple options to optimize the financial and strategic impact from Golden Ridge.

I really believe they mised out on plant based meat replacement. I hear from one of the best sources out side of RIBT that most of the rice protein comes from China for meat replacemnt now.. That is why they bought Golden Ridge, so not needed. The head man is Bradley who is big on valued added and neutraceuticals. But this will probably take time.

Still, it depends on how fast CG sells. Someone saw CG was selling 2.5 M shares now. If so, they got 1,000,000- more to go.

If I was not in, I would not be buyiong without major news. like selling Golden Ridge.

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