RiceBran Technologies (RIBT): Confusedtrader. I believe they paid $7....

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Re: confusedtrader post# 10352

Saturday, 08/27/2022 9:47:32 AM

Saturday, August 27, 2022 9:47:32 AM

Confusedtrader. I believe they paid $7.8 mil and probably added valued to it. Plus, they would keep the add ons for stabilization and the human bran room, which we never found out what that is for.

The revenues are lower margin revenues. And the only reason they would sell would be to acquire higher revenues business through expanding the other divisions. They don't need cash with what we know now. "the $1,000,000 defective product cost. And RIBT has NEVER had a write-down like that. EBIDTA loss would have only been $323,000 without the loss. Cash at the end of the Q was $5.1M, down from $5..6M "

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