B. Riley Stock Continues To Fall: What's Going On?
B. Riley Stock Continues To Fall: What's Going On?
B. Riley Financial Inc (NASDAQ:RILY) shares continue to face heavy selling pressure on Tuesday after the company delayed its quarterly financial results as regulators investigate whether B. Riley properly disclosed risks associated with some of its assets.
纳斯达克的b riley financial inc (NASDAQ:RILY)股票周二继续面临沉重的卖压，因为监管机构正在调查b riley是否适当披露了其某些资产相关的风险，导致该公司推迟了季度财报的发布。
What To Know: B. Riley stock got cut in half on Monday, closing the day down about 52% after Bloomberg reported the U.S. Securities and Exchange Commission was widening its investigation into the Los Angeles-based investment bank.
周一彭博报道，美国证券交易委员会正在扩大对总部位于洛杉矶的投资银行b. Riley的调查，导致该公司股票下跌约52%。b. Riley股份在周一被切成了一半。
The SEC is reportedly looking into whether B. Riley adequately disclosed risks in some of its assets. The agency is also seeking information on communications between founder Bryant Riley and business partner Brian Kahn, who is the former CEO of Franchise Group Inc (FRG), which is one of B Riley's largest investments. B. Riley reportedly advised Kahn on a buyout deal and subsequently purchased a 31% stake in FRG.
据报道，证监会正在调查b. Riley是否充分披露其某些资产的风险，并寻求创始人Bryant Riley和业务伙伴Brian Kahn之间的通信信息。Kahn是Franchise Group Inc（FRG）的前首席执行官，该公司是b. Riley最大的投资之一。b. Riley据报道向Kahn建议了一桩收购交易，并随后购买了FRG31%的股份。
B. Riley on Monday released preliminary results for the three-month period ending June 30 showing that numbers were negatively impacted by non-cash losses. The company said it expects to report a non-cash markdown of approximately $330 to $370 million related to its investment in Freedom VCM, the indirect parent of FRG.
b. Riley周一发布了截至6月30日的三个月初步业绩，数字受到非现金损失的负面影响。该公司表示，预计将报告大约330到37000万美元的与其对Freedom VCm的投资相关的非现金减记。 间接主要股东是FRG。
B. Riley now expects to report a net loss of $435 million to $475 million, or $14 to $15 per share, when it reports second-quarter results. The company had $1.1 billion in cash and investments and $2.16 billion in total outstanding debt as of June 30.
当b. Riley报告第二季度业绩时，现预计将报告净亏损4,3500万到4,7500万美元，或每股14美元至15美元。截至6月30日，该公司现金和投资总额为11亿美元，总未偿还债务为21.6亿美元。
In a post on X on Tuesday, short Seller Marc Cohodes called Riley a "liar and fraud" and noted that the reported numbers at B. Riley "cant be relied upon."
周二，空头卖家Marc Cohodes在X上发帖称Riley是一个“撒谎者和骗子”，并指出b. Riley公司的报告数字“不能依靠”。
"I am not letting go of the rope until $RILY is out of business and I will have done society a huge favor," Cohodes said in a subsequent post.
Cohodes在随后的一篇帖子中说：“在RILY倒闭之前，我不会放手，我将为社会做出巨大的贡献。”
Another short seller Muddy Waters Research took to X to congratulate WolfPack Research on being the first to "publicly sound the Turd Alert" on B. Riley. In a post on X on Monday, WolfPack said if there is one thing it has learned from B. Riley, it's that "there is always more bad news to come."
另一家空头卖家Muddy Waters Research在X上祝贺WolfPack Research成为第一家在b. Riley上公开发出“Turd Alert”的公司。WolfPack在周一的一篇帖子中说，如果有一件事是从b. Riley中学到的，那就是“总会有更多的坏消息要来”。
RILY Price Action: B. Riley shares were down 11.9% at $7.18 Tuesday afternoon after falling more than 50% on Monday, per Benzinga Pro. The stock is now down about 86% over the past year.
据Benzinga Pro报道，周二下午b. Riley股价下跌11.9美元，至7.18美元，周一下跌超过50%。该股票在过去一年中下跌了约86%。