Food Innovation

[wow_happens28]

You are missing a wild card that pumped the stock up and the fear of a steep fall that caused over selling.

https://www.bnnbloomberg.ca/stock-trading-influencers-charged-with-114-million-fraud-scheme-1.1859270

RIBT is not involved in this suit since it ended in April 2022 when these same duded were starting to pump up RIBT.

So, fear of other suits are possible involving RIBT, but RIBT would be the victim, not the defendent. Add this to tax selling and I feel RIBT gets to $2.00 with no good news from management, which is possible about their new pet food problem being solved. And the pet food is being made, but the quantity and higher profit from the new equipment will be huge.

But, many Reddit stocks fell when that suit came out, including RIBT. Look at the last week and 1/2 chart of GME, AMC and RIBT, and some selling prior to the week and a half with "people" knowing the suit would come out.>>>>>

https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p01199051532

https://stockcharts.com/h-sc/ui?s=AMC&p=D&yr=1&mn=0&dy=0&id=p84464803047

https://stockcharts.com/h-sc/ui?s=GME&p=D&yr=1&mn=0&dy=0&id=p05648346654

RIBT is grossly oversold not from fundamentals, rather from a pump and dump and The US Department of Justice going after the pump and dumpers, IMO.