RiceBran Technologies (RIBT)

[wow_happens28]

WWG setles with NTRZ--from gnus

WWG has signed a settlement agreement to end the Z litigation. This has caused a postponement of Thursday's hearing where the judge pretty much made it clear that he would make the TRO a PRO against WWG and that evidence supported Z would prevail in the lawsuit.

The settlement amount is not disclosed but WWG is required to pay it by 3/30/11. Just happens to be the day before the 10-K would be due. Seems timed to have that matter wrapped up before the filing.

The suit for for something like $1.4 million plus interest at 18% a year from the point invoices were overdue. I'd assume collection costs as well. This would approach $2.5 million

Remember SB got that big payoff from BE/Z on the VTLV securities flip. So maybe he has some scratch stashed away somewhere.

If they get about $800,000 they can pay the HS settlement and then do whatever they supposedly plan on doing in that arena.

One could speculate a bit that there is a little PR push starting at the end of the month with getting current on all SEC filings.

THANKS GNUS(From Yahoo)