RiceBran Technologies (RIBT)

[wow_happens28]

More to come--


"Subsequent closings" /Jan 18th closing Phase 1

And more interesting points in 10.1 of the Alothon deal.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7642934-15693-155683&type=sect&dcn=0001140361-11-001282

2.3 Intentionally deleted ---Why?

2.4 (a) gives exact Initial closing date, time and place. " Initial Closing . Subject to the satisfaction or waiver of the conditions set forth in Sections 3.1 , 3.2 and 3.3 , the initial closing (“ Initial Closing ”) shall take place at the offices of Kirkland & Ellis, LLP, 601 Lexington Avenue, New York, New York 10022-4611, at 10:00 a.m. California Time, on the later of (i) January 18, 2011"

2.4 (b) SUBSEQUENT CLOSINGS
"Subsequent Closings . During the Commitment Period, the Company may from time to time schedule one or more additional Closings in order to effectuate the purchase and sale of Units pursuant to Section 2.2(a)"

So, why is 2.3 "Intentionally deleted"

Do subsequent closings have to do with Nutra SA, LLC only? Maybe. I am not a good legal mind, but does this open the door for a GCFB style deal over all JV deal? I suspect it is for more Phases of Nutra SA LLC only, but does it have to? 2.3 Intentionally Deleted" makes me wonder.

Inquiring minds want to know.