RiceBran Technologies (RIBT)

[wow_happens28]

$RIBT Todd Mitchel in his presentation today make the same comments as in the last CC. They are not all that interested in milling basic rice, low margins. They paid $7.8 M for it and did some improvements, yet if they sold it, they would still be making stabilized rice bran there.

I can only speculate what they would do with that money. He mentioned new products, maybe acquisitions in value added ingredients, etc. They have never said they would sell it, but.....

A major deal such as partnerships involving new products or acquisitions. I am totally speculating at this point. My mind keeps going hmmmmmmm when I hear them talk about low margin rice milling.