RiceBran Technologies (RIBT)

[quickrick]

My initial reaction was the same as yours.

Since then, I've been trying to look at things from the perspective of the BOD. What motivates them? Why are they dragging their feet on the restatement? Was the notion of an expanded BOD the best they could do to try to apease the stockholders or was it a mandate from the SEC. Perhaps the SEC suggested that as a minimum effort for the BOD to clean up their act.

Again, looking at this situation from the point of view of the BOD; The restatement will be embarrassing, humiliating and most likely incriminating. The Conference call will most likely be embarrassing, humiliating and most likely there will be stockholders calling in with ugly questions. Of course, this will be Shorts problem to deal with all that.

The BOD is procrastinating for what is obviously good reason (from their point of view). However, as usual, they are NOT acting in the best interest of the stockholders. I call on John Shorts to stand up and act like a professional here. This means doing what's best for the company and the stockholders regardless of the "feelings" of the BOD.

I've also been giving some thought to the question of just how long the BOD can hold back on the financial restatement? Surely the SEC has something to say about this?

Any other thoughts here? I have no doubt that once we get past the financial restatements, the stock will take off. So, the BOD is hurting every one of us with their usual antics. So how do we get the BOD to get off their reluctant butts?