$RIBT I put the following up at another board an
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Posted On: 03/18/2019 2:22:32 PM
$RIBT I put the following up at another board answering to a poster as to why i felt RIBT could be a $20 stock in 2020, and maybe even in early 2020>>>>>
With what was known to us on January 29th I felt that our projected Price/Sales could support a $5 stock by years end, and that would be with little speculation factored in. Post>>>>>
https://investorshub.advfn.com/boards/read_ms...=146435494
Since then we had the $12,000,000 fund raise added to my post on 1/29. Another rice mill and bran expanded at Golden Ridge and RIBT will almost double the bran capacity. Plus the "producing new, innovative, and technology-driven SRB products" at the new plant will raise sales as well as profit margins. So let me call it an $8 stock by years end with no major speculation in the price.
Next, with Rystrom and CG, things seem to be moving faster than they had let on at the last CC. You asked if DSM protein was alive, and I posted yes and that the Wilmar deal of hooking up to their mills in China to make DSM's protein was alive as well, IMO. And if not, CG is in China and could certainly get us in there. I would not be surprised to see China announced by years end as a least a possibility. $12m is a lot of money and maybe $4m more from warrants at $2.00 and $3.25, hey they might have almost enough money to build a plant in China "producing new, innovative, and technology-driven SRB products"., and this could get the price/sales much higher and bring in some major speculation as well. $20 might be low?
OK, this all assumes things unannounced and assumes no major set backs in the current plans.
But keep in mind, RIBT has the best CEO it has ever had, IMO, and CG to boot, and CG's senior VP of investments sits on RIBT's BOD, Ari Gendason. He might know a thing or two about why he sits on the BOD of a tiny company in 2016 when he got on and stays on. Think about that Ari is the Senior VP of investments for a $2 billion dollar company and he sits on our board,, wow happens. Brad is gone and Short is gone, neither with food production experience or food sales. Now CG is here with both both and a super CEO with accounting experience to make it work financially. I hope RIBT founder Rice Patti McPeak is thrilled to see CG and Rystom "Making RIBT Great Again".
With what was known to us on January 29th I felt that our projected Price/Sales could support a $5 stock by years end, and that would be with little speculation factored in. Post>>>>>
https://investorshub.advfn.com/boards/read_ms...=146435494
Since then we had the $12,000,000 fund raise added to my post on 1/29. Another rice mill and bran expanded at Golden Ridge and RIBT will almost double the bran capacity. Plus the "producing new, innovative, and technology-driven SRB products" at the new plant will raise sales as well as profit margins. So let me call it an $8 stock by years end with no major speculation in the price.
Next, with Rystrom and CG, things seem to be moving faster than they had let on at the last CC. You asked if DSM protein was alive, and I posted yes and that the Wilmar deal of hooking up to their mills in China to make DSM's protein was alive as well, IMO. And if not, CG is in China and could certainly get us in there. I would not be surprised to see China announced by years end as a least a possibility. $12m is a lot of money and maybe $4m more from warrants at $2.00 and $3.25, hey they might have almost enough money to build a plant in China "producing new, innovative, and technology-driven SRB products"., and this could get the price/sales much higher and bring in some major speculation as well. $20 might be low?
OK, this all assumes things unannounced and assumes no major set backs in the current plans.
But keep in mind, RIBT has the best CEO it has ever had, IMO, and CG to boot, and CG's senior VP of investments sits on RIBT's BOD, Ari Gendason. He might know a thing or two about why he sits on the BOD of a tiny company in 2016 when he got on and stays on. Think about that Ari is the Senior VP of investments for a $2 billion dollar company and he sits on our board,, wow happens. Brad is gone and Short is gone, neither with food production experience or food sales. Now CG is here with both both and a super CEO with accounting experience to make it work financially. I hope RIBT founder Rice Patti McPeak is thrilled to see CG and Rystom "Making RIBT Great Again".
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