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wow_happens28

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wow_happens28

Re: gfp927z post# 142

Friday, 06/30/2023 11:59:42 AM

Friday, June 30, 2023 11:59:42 AM

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There is a kicker with RIBT. They have tax losses carried forward, 54.4 million Fed and 46.0 million state. They started out in California for a couple of years, then Arizona for maybe 5 years, then Texas since. I am guessing the state NOLS got to be used by a buyer in one of those states when used. But the Fed of $54,400,000 divided by the 8,000,000 shares is worth $6.80 per share. But a less than 5% of the NOLS can be used per year. I don't know if they could get even 50% of the values, but take even 20% and you get an extra $1.30 for the sale price. Book is confusing, but I fell it is at least $1 after the sale of the bran business, so $2.30?

That is why I bought more

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

Life is not measured by the number of breaths you take, but by the moments that take your breath away--Wows happen!!!

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