$RIBT The final institution holdings gains and los
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Posted On: 11/17/2020 5:30:21 PM
$RIBT The final institution holdings gains and losses is plus about 500,000 shares. With a big quarter drop, that is a good sign.
A new channel support line has formed connecting the bottoms in October and November, the bottom at years end would be at about 65 cents. A parallel line with the.679 intra day top in mid October. puts RIBT at $1.02 EOY. Tomorrows support is at about .51
I don't expect much until early next year for news. If RIBT can crawl up the channel, nice gain. A major event could happened early next year, acquisitions, partnerships, etc.
Quotes from the November 5 CC
Bradley(Executive Chairman)>>>
Finally, we continue to explore strategic options for the business. And while I can't announce anything specific on this call, I will indicate that we were primarily focused on further development of our food ingredient business and utilizing our existing assets and capabilities to provide added value solutions derived from primary grains. Our expectation is that we'll be in a position to provide further details of the pathway forward early in 2021.
Then Bradley to a caller about the plans>>>
It will be towards the end of the year when we'll outline the strategic plan, and if that means a change in the asset base. So there's not much more I can add today, I'm sorry.
So, I'd guess early next year could be January the plans could be announced
Bradly did poo poo a buyout with another caller >>
No, I was here to do a strategic review of how we move the business forward. And as I said in my remarks that in my only really 90 days that I'm increasingly confident that the core assets of the business could be better utilized. And I think we can move this business forward. As I said, very much in a food ingredient focus, and you've seen that, obviously, with the improvement in the SRB and derivatives business we saw in the third quarter.
My guess is partnerships since a fund raise here would be too dilutive. In previous calls they did mention the possibility of partnerships. A partner with an Asian company would have huge connotations. That has never been said, just my hopes and dreams. Institutions must like what they heard at the CC as actually more shares held by them now than before the bad Q3 in August.>>>
RIBT could be cash flow neutral in Q4 for the first time ever in the companies history, in the call and more>>>>>
CC transcript>>>>>>>
https://seekingalpha.com/article/4386268-rice...art=single
A new channel support line has formed connecting the bottoms in October and November, the bottom at years end would be at about 65 cents. A parallel line with the.679 intra day top in mid October. puts RIBT at $1.02 EOY. Tomorrows support is at about .51
I don't expect much until early next year for news. If RIBT can crawl up the channel, nice gain. A major event could happened early next year, acquisitions, partnerships, etc.
Quotes from the November 5 CC
Bradley(Executive Chairman)>>>
Finally, we continue to explore strategic options for the business. And while I can't announce anything specific on this call, I will indicate that we were primarily focused on further development of our food ingredient business and utilizing our existing assets and capabilities to provide added value solutions derived from primary grains. Our expectation is that we'll be in a position to provide further details of the pathway forward early in 2021.
Then Bradley to a caller about the plans>>>
It will be towards the end of the year when we'll outline the strategic plan, and if that means a change in the asset base. So there's not much more I can add today, I'm sorry.
So, I'd guess early next year could be January the plans could be announced
Bradly did poo poo a buyout with another caller >>
No, I was here to do a strategic review of how we move the business forward. And as I said in my remarks that in my only really 90 days that I'm increasingly confident that the core assets of the business could be better utilized. And I think we can move this business forward. As I said, very much in a food ingredient focus, and you've seen that, obviously, with the improvement in the SRB and derivatives business we saw in the third quarter.
My guess is partnerships since a fund raise here would be too dilutive. In previous calls they did mention the possibility of partnerships. A partner with an Asian company would have huge connotations. That has never been said, just my hopes and dreams. Institutions must like what they heard at the CC as actually more shares held by them now than before the bad Q3 in August.>>>
RIBT could be cash flow neutral in Q4 for the first time ever in the companies history, in the call and more>>>>>
CC transcript>>>>>>>
https://seekingalpha.com/article/4386268-rice...art=single
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