RIBT Hostile Buyout Protection The debt for eq
Post# of 640
Posted On: 06/18/2014 9:44:03 PM
RIBT Hostile Buyout Protection
The debt for equity has about 50% of shares held by BOD member Halpern, Sweitzer, Goldman and Management Short, and McKnight. And the vast majority by just Halpern. Insiders now own well over 50% of RIBT stock. This is not warrants that they can write down, but stock they can't write down. I just don't believe they will be foolish enough to ruin their investment with unnecessary dilution. Any fund raise now will be for things like Wilmar in China, money for licensing or such. The shares below are new shares from the debt to equity swap in December and the share authorization on May 30th. These guys own more shares to boot. Currently theses guys by themselves can block any hostile takeover as they hold over 50% of RIBT. With the big promise of cash flow positive soon, we don't want a hostile takeover here and won't get one.
5/30/14 Mark S McKnight NA 225,925 6.00 1.36 Mil
05/30/14 Mark S McKnight NA 225,925 6.00 1.36 Mil
05/30/14 Mr. Baruch Halpern NA 1.33 Mil NA NA
05/30/14 Mr. W. John Short NA 25,554 NA NA
05/30/14 Mr. Baruch Halpern NA 85,330 NA NA
12/18/13 Mr. W. John Short NA 16,583 NA NA
12/18/13 Mr. Baruch Halpern NA 60,871 NA NA
12/18/13 Mr. Baruch Halpern NA 880,580 NA NA
12/18/13 Mr. R. Schweitzer Purchase 8,000 2.63 21,000
12/18/13 David Goldman Purchase 6,000 2.63 15,750
12/18/13 Mr. W. John Short Grant 30 NA NA
http://investing.money.msn.com/investments/in...ymbol=ribt
The debt for equity has about 50% of shares held by BOD member Halpern, Sweitzer, Goldman and Management Short, and McKnight. And the vast majority by just Halpern. Insiders now own well over 50% of RIBT stock. This is not warrants that they can write down, but stock they can't write down. I just don't believe they will be foolish enough to ruin their investment with unnecessary dilution. Any fund raise now will be for things like Wilmar in China, money for licensing or such. The shares below are new shares from the debt to equity swap in December and the share authorization on May 30th. These guys own more shares to boot. Currently theses guys by themselves can block any hostile takeover as they hold over 50% of RIBT. With the big promise of cash flow positive soon, we don't want a hostile takeover here and won't get one.
5/30/14 Mark S McKnight NA 225,925 6.00 1.36 Mil
05/30/14 Mark S McKnight NA 225,925 6.00 1.36 Mil
05/30/14 Mr. Baruch Halpern NA 1.33 Mil NA NA
05/30/14 Mr. W. John Short NA 25,554 NA NA
05/30/14 Mr. Baruch Halpern NA 85,330 NA NA
12/18/13 Mr. W. John Short NA 16,583 NA NA
12/18/13 Mr. Baruch Halpern NA 60,871 NA NA
12/18/13 Mr. Baruch Halpern NA 880,580 NA NA
12/18/13 Mr. R. Schweitzer Purchase 8,000 2.63 21,000
12/18/13 David Goldman Purchase 6,000 2.63 15,750
12/18/13 Mr. W. John Short Grant 30 NA NA
http://investing.money.msn.com/investments/in...ymbol=ribt
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