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.
納斯達克的b riley financial inc (NASDAQ:RILY)股票週二繼續面臨沉重的賣壓，因爲監管機構正在調查b riley是否適當披露了其某些資產相關的風險，導致該公司推遲了季度業績的發佈。
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.
週一彭博報道，美國證券交易委員會正在擴大對總部位於洛杉磯的投資銀行b. Riley的調查，導致該公司股票下跌約52%。b. Riley股份在週一被切成了一半。
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.
據報道，證監會正在調查b. Riley是否充分披露其某些資產的風險，並尋求創始人Bryant Riley和業務夥伴Brian Kahn之間的通信信息。Kahn是Franchise Group Inc（FRG）的前首席執行官，該公司是b. Riley最大的投資之一。b. Riley據報道向Kahn建議了一樁收購交易，並隨後購買了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週一發佈了截至6月30日的三個月初步業績，數字受到非現金損失的負面影響。該公司表示，預計將報告大約330到37000萬美元的與其對Freedom VCm的投資相關的非現金減記。 間接主要股東是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.
當b. Riley報告第二季度業績時，現預計將報告淨虧損4,3500萬到4,7500萬美元，或每股14美元至15美元。截至6月30日，該公司現金和投資總額爲11億美元，總未償還債務爲21.6億美元。
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."
週二，空頭賣家Marc Cohodes在X上發帖稱Riley是一個「撒謊者和騙子」，並指出b. Riley公司的報告數字「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在隨後的一篇帖子中說：「在RILY倒閉之前，我不會放手，我將爲社會做出巨大的貢獻。」
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."
另一家空頭賣家Muddy Waters Research在X上祝賀WolfPack Research成爲第一家在b. Riley上公開發出「Turd Alert」的公司。WolfPack在週一的一篇帖子中說，如果有一件事是從b. Riley中學到的，那就是「總會有更多的壞消息要來」。
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.
據Benzinga Pro報道，週二下午b. Riley股價下跌11.9美元，至7.18美元，週一下跌超過50%。該股票在過去一年中下跌了約86%。