RiceBran Technologies (RIBT)

[confusedtrader]

New customer relationship screwed up already? I didn't listen to the call yet.

This management is terrible. Trusting their words for the last 16 months has given me the biggest loss of my investment career of more than two decades.

They had said they didn't need to raise any money and were very close to profitability. That is usually a solid vote of confidence. This was around May or so of last year. And I started accumulating around $1 pre split.


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New customer wins for core-SRB business to ramp slower than expected. Core-SRB sales were up double-digits year-over-year for the third quarter in a row. The Company began supplying a new pet food customer in August, but volumes for this business will fall short of expectations in the fourth quarter due to a technical issue. This issue was known when shipments began but will need to be remediated sooner than expected to achieve the targeted inclusion rate and scale the business as expected. The Company will attempt to compensate with spot market sales, but the outlook for this business has been tempered in the interim.

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Source

https://finance.yahoo.com/news/ricebran-technologies-reports-third-quarter-201500218.html?.tsrc=rss