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Re: wow_happens28 post# 612

Friday, 07/07/2023 4:01:31 PM

Friday, July 07, 2023 4:01:31 PM

Post# of 662
Concerning RIBT's recent press release, this sounds like a variation on a 'poison pill', which companies sometimes use to discourage takeovers. Based on the stock action, the market didn't seem to like the news.. If they plan to make a go of it as a new 'streamlined' version of RIBT, the next logical step might be to raise some additional working capital (?) Just a guess though. At least they sold off the money losing side of the business, but perhaps shareholders were hoping for a sale of the entire company?


>>> The Tax Plan is designed to reduce the likelihood that the Company will experience an ownership change under Section 382 <<<



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