$RIBT Inflection point Monday at the 10AM CC?
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Posted On: 03/29/2019 7:18:41 AM
$RIBT Inflection point Monday at the 10AM CC?
From the 3/8 fund raise PR>>>>
" The completion of this financing is an important inflection point in positioning our Company for future growth in order to build significant shareholder value. This financing, a long with the existing cash on our balance sheet, enables us to commence execution of our strategic plan by expanding the rice milling capacity and building a state-of-the-art bran production facility at our Golden Ridge plant which will provide us the capability of using new technology and processes to manufacture our next generation of SRB products for la rge market opportunities that we have identified. The financing also positions us to pursue a strategic tuck-in acquisition opportunity that we are currently evaluating
I estimate existing cash at 12M fund raise, $4M $3.25 warrants exercised, $7m on hand from Q3. total $25m. Golden Ridge cost them $7m, but 2/3's was in stock. $25 mill can buy a lot. This one where if you wait for the call, the stock could gap up, and you can't get in at today's price. A PR could come out before the CC even about the tuck in?
Fund Raise PR>>>>
https://www.benzinga.com/pressreleases/19/03/...1553523008
CC and replay links>>>>>
https://ih.advfn.com/stock-market/NASDAQ/rice...end-financ
From the 3/8 fund raise PR>>>>
" The completion of this financing is an important inflection point in positioning our Company for future growth in order to build significant shareholder value. This financing, a long with the existing cash on our balance sheet, enables us to commence execution of our strategic plan by expanding the rice milling capacity and building a state-of-the-art bran production facility at our Golden Ridge plant which will provide us the capability of using new technology and processes to manufacture our next generation of SRB products for la rge market opportunities that we have identified. The financing also positions us to pursue a strategic tuck-in acquisition opportunity that we are currently evaluating
I estimate existing cash at 12M fund raise, $4M $3.25 warrants exercised, $7m on hand from Q3. total $25m. Golden Ridge cost them $7m, but 2/3's was in stock. $25 mill can buy a lot. This one where if you wait for the call, the stock could gap up, and you can't get in at today's price. A PR could come out before the CC even about the tuck in?
Fund Raise PR>>>>
https://www.benzinga.com/pressreleases/19/03/...1553523008
CC and replay links>>>>>
https://ih.advfn.com/stock-market/NASDAQ/rice...end-financ
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