8/20 Conference Call highlights I am trying to
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Posted On: 08/20/2014 9:48:59 PM
8/20 Conference Call highlights
I am trying to post relatively new info that has not been mentioned before.
Short: 2015 will have in place $100,000,000 capacity without any additional capital funding needed. SeeThough Equity has estimated $75,000,000 for 2015. So, it could be bigger if they get enough raw bran and both Irgovel and California. The second half of 2014 will be ramped up to the targeted level.
Short said to the last caller that any product milled in Louisiana is used for animal feed since the California rice is better quality. Last we heard, they were closing it down since it was not being used. So, Sacramento human grade capacity has maybe been expanded by restarting the Mermentau stage 1 plant for animal feed?
Short made it sound like an honor to have Teak Media accept RIBT. They only take environmentally and socially acceptable companies. Together with MarketPlace and Ascendant the three of them will re-brand RIBT's products that we will hear about in in Q4.
Dr. Smith, RIBT has received their first commercial order of Proryza rice bran protein. It will be shipped at the end of September or early October. That is actually quick development since it was introduced at the IFT last summer. Companies usually take more time to test.
McKnight--H&N- Capacity has been doubled since RIBT took it over.
They are developing new products for existing tun key customers.
They have added several new customers since being added to RIBT and Have shipped 2 new families of products and in the process of producing 3 more families of products that will be shipped by the end of the year.
Relay link: http://finance.yahoo.com/news/ricebran-techno...00991.html
I am trying to post relatively new info that has not been mentioned before.
Short: 2015 will have in place $100,000,000 capacity without any additional capital funding needed. SeeThough Equity has estimated $75,000,000 for 2015. So, it could be bigger if they get enough raw bran and both Irgovel and California. The second half of 2014 will be ramped up to the targeted level.
Short said to the last caller that any product milled in Louisiana is used for animal feed since the California rice is better quality. Last we heard, they were closing it down since it was not being used. So, Sacramento human grade capacity has maybe been expanded by restarting the Mermentau stage 1 plant for animal feed?
Short made it sound like an honor to have Teak Media accept RIBT. They only take environmentally and socially acceptable companies. Together with MarketPlace and Ascendant the three of them will re-brand RIBT's products that we will hear about in in Q4.
Dr. Smith, RIBT has received their first commercial order of Proryza rice bran protein. It will be shipped at the end of September or early October. That is actually quick development since it was introduced at the IFT last summer. Companies usually take more time to test.
McKnight--H&N- Capacity has been doubled since RIBT took it over.
They are developing new products for existing tun key customers.
They have added several new customers since being added to RIBT and Have shipped 2 new families of products and in the process of producing 3 more families of products that will be shipped by the end of the year.
Relay link: http://finance.yahoo.com/news/ricebran-techno...00991.html
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