RIBT Comments from the last CC CFO Todd Mitchel
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Posted On: 10/23/2022 7:28:22 PM
RIBT Comments from the last CC
CFO Todd Mitchel
["I think our -- yes, one over the other of us. The plan, first is to operate this year at sort of a cash flow neutral, except for our capital expenditures and hold capital expenditures at a sort of a very reasonable level this year. So to be kind of fully funded. That being said, I think we are identifying parts of the business where the return on investment would be very high. But certainly, there is no need for capital to fund operations.
It only would be to fund opportunities.
Peter Bradley, Executive chairman of the board>>
Just to add to that, I think over the next 12 months, CapEx will be relatively modest as we head into 2022 towards the end of 2022 into '23, if this -- if we start to tap into this opportunity, then it will be -- we will need more capital.[ B ut as Todd rightly pointed out, the ROI on that capital will be significant.
https://seekingalpha.com/article/4426578-rice...transcript
So Salty, either something went wrong and the $5,000,000 cash they had on hand 2 months ago is dwindling or a deal is coming. One caller to the IR got a "They still have the $5,000,000. If true, a deal is coming. A Reddit man claimed he called the CFO and got the following, according to him>>>
"Spoke with Todd CFO of $RIBT..
"they will be sharing major news soon and why this offering took place". That was last Thursday.
Who do you believe?
CFO Todd Mitchel
["I think our -- yes, one over the other of us. The plan, first is to operate this year at sort of a cash flow neutral, except for our capital expenditures and hold capital expenditures at a sort of a very reasonable level this year. So to be kind of fully funded. That being said, I think we are identifying parts of the business where the return on investment would be very high. But certainly, there is no need for capital to fund operations.
It only would be to fund opportunities.
Peter Bradley, Executive chairman of the board>>
Just to add to that, I think over the next 12 months, CapEx will be relatively modest as we head into 2022 towards the end of 2022 into '23, if this -- if we start to tap into this opportunity, then it will be -- we will need more capital.[ B ut as Todd rightly pointed out, the ROI on that capital will be significant.
https://seekingalpha.com/article/4426578-rice...transcript
So Salty, either something went wrong and the $5,000,000 cash they had on hand 2 months ago is dwindling or a deal is coming. One caller to the IR got a "They still have the $5,000,000. If true, a deal is coming. A Reddit man claimed he called the CFO and got the following, according to him>>>
"Spoke with Todd CFO of $RIBT..
"they will be sharing major news soon and why this offering took place". That was last Thursday.
Who do you believe?
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