RiceBran Technologies (RIBT)

[wow_happens28]

besdin, you have been a contrary opinion RIBT indicator for 20 years. You now say "disaster". So is that a "Buy Buy Buy" contrary indicator? Well, I have done no better, but for a couple of fewer years. I did sell a couple of times and bough back in lower, but does not mean much with the current price.

My case for holding until at least next Wednesday and the shareholder meeting>>>
1.$8m losses will never be recurring.
2. Of the $2m part of the loss, how much of that was lost revenue and profits from the weak part of the company, the rice bran segment when they sold over 1/2 way through Q2?
3. At the time of the rice bran sale, we were half way through Q2. At that CC we were told that the doubling of expansion at MGI was already showing new revenue. For a segment that was increasing revenue in Q1, do you know how much MGI did revenue a profit/loss MGI did on it's own in Q2? Any idea how it's doing now?
4. Golden Ridge, how did it do alone Q2, nobody knows that either, except insiders. In that segment on it's own did it make a profit and had increased revenue? How's it doing so far in Q3. On points 3 and 4, only top management knows the answer. We did have a bran source problem in 2022, 2023 was to be much better with a new source.
5., Former head Bradley was paid in warrants priced a "0". Mitchel and board members have tons or warrants priced at "0" as well. Keneally received 100,000 warrants priced at "0". I got to believe what is going is to get something from somebody that gets the stock up from here.
6. The federal NOLS useable of 44.7m and guessing 9m shares outstanding with warrants factored in, if we could get 1/3 of them, that is $1.65. If the buyer could use a tiny bit of the state NOLS, add .35, now $2.00 . We sold the financial black hole, rice bran that was costing us up the wazoo and we now could have a profitable business', cash flow neutral at worse. Q3 with good figures could get us sold.

I had my $3 fair value for a sale estimate, before the SEC s flings and much more possible. I doubt that this is all a charade to give insiders time to sell their shares. I believe what they are doing is time tested and legal. Why would they risk jail time. These guys losing .72.5 per share from here if it goes to ZERO, that is chicken feed for them. I still hope for at least $3 share price, 3 months from now. I am using the Besdin indicator and going contrary to his advice, at least until Wednesday. I am holding and preparing to add if any thing good comes fron the SH meeting.