$RIBT Management did put out a PR, but not much o
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Posted On: 12/06/2017 8:32:18 AM
Re: wowhappens28 #6075
$RIBT Management did put out a PR, but not much of one. Most my speculation in the linked post 6075 still holds.
https://finance.yahoo.com/news/ricebran-techn...00901.html
SACRAMENTO, California, December 4, 2017 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and RIBTW) (the "Company" or "RBT" or "we"
, a global leader in the production and marketing of value added products derived from rice bran, announced today that the Company has entered into a series of agreements as a result of which it no longer holds a membership interest in Nutra SA, thereby exiting its investment in Nutra SA.
"We have recently concluded a series of actions to end our ownership in Nutra SA," said Robert Smith, CEO of RiceBran Technologies. "As previously expressed, we are increasingly focused on growing our U.S.-based ingredients business, and the exit of this investment following the sale of our Healthy Natural subsidiary in the third quarter are major steps in this effort."
When we finish the accounting review related to this exit, we expect that this transaction will have a positive effect on our shareholders' equity.
Additional information about our exit from Nutra SA can be found in our current report on Form 8-K, which was filed with the Securities and Exchange Commission on December 4, 2017.
https://finance.yahoo.com/news/ricebran-techn...00901.html
SACRAMENTO, California, December 4, 2017 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and RIBTW) (the "Company" or "RBT" or "we"
, a global leader in the production and marketing of value added products derived from rice bran, announced today that the Company has entered into a series of agreements as a result of which it no longer holds a membership interest in Nutra SA, thereby exiting its investment in Nutra SA. "We have recently concluded a series of actions to end our ownership in Nutra SA," said Robert Smith, CEO of RiceBran Technologies. "As previously expressed, we are increasingly focused on growing our U.S.-based ingredients business, and the exit of this investment following the sale of our Healthy Natural subsidiary in the third quarter are major steps in this effort."
When we finish the accounting review related to this exit, we expect that this transaction will have a positive effect on our shareholders' equity.
Additional information about our exit from Nutra SA can be found in our current report on Form 8-K, which was filed with the Securities and Exchange Commission on December 4, 2017.
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