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Posted On: 12/12/2017 5:29:49 PM
Post# of 27118
$RIBT long time board member and world renown meat substitute specialist bout 5000 shares, added to the rest last week.
https://ih.advfn.com/p.php?pid=nmona&article=76281620
$RIBT definite accumulation. But, it is near the top of a channel, could correct.The big question in my mind is why Continental Grain bought 16% of RIBT. It is a European company(Belgium) and in the filing says not interesting in buying RIBT. But, RIBT has access to their customers. It makes no sense to me unless they know their customers will be buying a lot of product from, RIBT. And, companies can change their mind and do a "friendly" buyout? The getting out of the bad partnership in Brazil could be the catalyst to new big customers. Definite a long term hold for me.
The stock is near the top of a channel, the bottom now is at about $1.30, a nice tight channel. But with all the insider buying lately, the 30 days wash period has a ways to go, and big news seldom comes out near the holidays anyway.
http://stockcharts.com/h-sc/ui?s=RIBT&p=D...7461698111
https://ih.advfn.com/p.php?pid=nmona&article=76281620
$RIBT definite accumulation. But, it is near the top of a channel, could correct.The big question in my mind is why Continental Grain bought 16% of RIBT. It is a European company(Belgium) and in the filing says not interesting in buying RIBT. But, RIBT has access to their customers. It makes no sense to me unless they know their customers will be buying a lot of product from, RIBT. And, companies can change their mind and do a "friendly" buyout? The getting out of the bad partnership in Brazil could be the catalyst to new big customers. Definite a long term hold for me.
The stock is near the top of a channel, the bottom now is at about $1.30, a nice tight channel. But with all the insider buying lately, the 30 days wash period has a ways to go, and big news seldom comes out near the holidays anyway.
http://stockcharts.com/h-sc/ui?s=RIBT&p=D...7461698111
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