Replies to post #1480 on RiceBran Technologies (RIBT)

[thinkingStone]

I think this deal is huge. I feel like management is very confident of the future growth. Maybe I am reading it wrong but I have a feeling that they already have the demand in place for those growth. One step at a time, I hoping Mr. Short will make this great stock. Finger crossed, good luck to all long holders.

The business is currently profitable and is growing.
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Debtor estimates that, upon completion, the Phase 1 Projects will add $8 million or more to average annual EBITDA.According to a second evaluation completed by Lakeshore Food Advisors in April of 2010, completion of the Phase 1 Projects will increase the value of Irgovel to between $42,846,000 and $48,735,000, after adjusting for long term debt obligations. Debtor intends to fund the Phase 1 Projects primarily through a loan from the Brazilian National Development Bank (“BNDES”), with additional funds to be provided by Investor. Debtor believes that all Phase 1 Projects can be completed within 18 months and fully integrated within 24 to 30 months after the start date.