RiceBran Technologies (RIBT)

[wow_happens28]

Surprising guidance on page 34 of the S-1

The state side revenues projected to go from $11,912,000 to $29,494,000. We shareholders have no idea how this can happen with the info we have. Let's hope Short can explain how those sales go up 2.47 fold. Brazil is more inline with what we have been told with a 40% increase with the expansion

Warrants are not factored into the share count. So, the forward PE based on Shorts' projected $6 million profit with outstanding shares, about 4,000,000, not counting warrants, the forward PE would be almost .66 right now, should be more like 20-30 with the growth.So, the stock right now should be $30 to $45 based on that.

What is wrong with it is that I doubt the Brazil currency adjustment is factored in as they can't til it happens. If the Brazil currency just stays where it is at today, Q1and 3 would have about a 12% downward adjustment. Q3 about 5% down and Q4 even. I hope the REAL falls.

Add it all up and RIBT can still make a profit even with the bad Brazil currency staying where it is.

http://finance.yahoo.com/q/bc?s=USDBRL=X&t=1y&l=on&z=l&q=l&c=

Page 34>>>
http://www.sec.gov/Archives/edgar/data/1063537/000114036113045628/forms1a.htm