Food Innovation

[wow_happens28]

3 points of interest in the RIBT story>>>

https://finance.yahoo.com/news/ricebran-technologies-sells-srb-business-110000770.html

1. At the top, not part of the story is says in bold italics,
Asset Sale is First Step of Previously Announced Strategic Review

2. In the second paragraph it says,
while not jeopardizing the estimated $54.4 million in federal and $46.0 million in state net operating loss carryforwards that the Company had amassed as of December 31, 2022.

3. NO DJ release and NO posting on home page yet< why the secrecy?

My guess is something else in in the works, like selling the rest of the company. I asked Dew about the NOLS. RIBT has 8,000,000 shares which includes 2,000,000 unexercised warrants that are in the money. A buyer could use up 10% of the $104,000,000 NOLS, it is worth $1.20 per share. Add the value of the stock and a minimum $2 stock? Dew's last comment to me, "An acquiring company would be able to use, at most, 4-5% of the federal NOLs each year, about $2M per year. The state NOLs are harder to quantify and might not be worth anything in the worst-case scenario. ". I based my $2 stock(low guess) partly on that comment.

The stocks I sold yesterday, the money went into RIBT today.

{Please don't post this at the RIBT board. I want to honor the companies secrecy, assuming they have a good reason to not posting DJ release.

" Another one of me is born every second"?