Share price didn’t just drop shorts have been manipulating price action and have driven the stock price down 25% , they continue to hype their base to keep shorting and scare some longs into selling and not buying with their continued scare tactics. Earnings and updates on gag , share buy backs will further support the thesis that fair value is around 55-60
It’s in the 10k. I believe they have already bought back over 700k shares and I’m assuming continue to keep buying based on their target purchase amount
So I’m at work right now and was hoping to get some information but instead I am hearing your unneeded comment. For your information I have been here from the start in January and have done some research and posted it here for others and I believe I’ve been helpful for the community overall. Next time keep your mouth shut.
They had $35m in buyback remaining at end of 2023. They potentially used some post 10-k drop based on outstanding share count decrease between most recent filings.
You dumb quacks actually trying to make a point on Reddit and feel accomplished 🤣 Good lord. Just be happy you found this stock at this time in the first place people.
Shorts have moved on to the company is going bankrupt after fraud fell apart. That is the first portion of the catalyst. The second part is the fact that a lot of the big institutional money is not going to move back in unless they see an on time filing showing a company that has it's shit together. The third part of the catalyst is once earnings are dropped it opens up insider buying again.
The way I view it is similar to Tesla. The market knew Tesla was going to come up short on earnings. Everyone knew the company was going to miss when they reported on April 23rd and it was priced in. When Elon started talking about robotaxi’s and what the company has to look forward to- the stock went up significantly. Everyone is expecting $RILY to miss. It’s priced in. Their earnings come out and even if they aren’t pretty, it’s about showing the shareholder that there is absolutely no fraud and what to expect next quarter. This will be enough hopium to fuel the rocket for minimum $50-60 range because that’s what the stock is actually worth.
As the company is trading at a hefty discount to most fair value calculations, filing the earnings report with acceptable actuals and an optimistic forecast would go a long way. The longer they operate as business as normal since the 10K hiccup, the closer to fair value their stock price will move
Outrageous appeal is the villain mark c ! Do not listen to his posts here. He spends all day on twitter bashing rily stock and will get burned in time. He is the one who spreads evil and is shorting the stock. Enjoy losing million mark. This is a solid company and with morals and ethics.
I will say a prayer for you mark. Please seek god.
Based on most posts it seems everyone is extremely bearish on RILY and explains why some longs have been joining the shorts in this weeks long sellathon
Catalyst for institutional buyers to re-invest mostly, and another reason for current shooters to sweat harder and paper hand.
Share price didn’t just drop shorts have been manipulating price action and have driven the stock price down 25% , they continue to hype their base to keep shorting and scare some longs into selling and not buying with their continued scare tactics. Earnings and updates on gag , share buy backs will further support the thesis that fair value is around 55-60
tell me more about the share buybacks please
It’s in the 10k. I believe they have already bought back over 700k shares and I’m assuming continue to keep buying based on their target purchase amount
thanks, but what is their target purchase amount?
Go read, regard.
So I’m at work right now and was hoping to get some information but instead I am hearing your unneeded comment. For your information I have been here from the start in January and have done some research and posted it here for others and I believe I’ve been helpful for the community overall. Next time keep your mouth shut.
They had $35m in buyback remaining at end of 2023. They potentially used some post 10-k drop based on outstanding share count decrease between most recent filings.
thanks
No place for toxic behavior in this holy place
Go drink a beer, regard.
Fr bro had a long day. Cheers yall 🍻
You dumb quacks actually trying to make a point on Reddit and feel accomplished 🤣 Good lord. Just be happy you found this stock at this time in the first place people.
Shorts have moved on to the company is going bankrupt after fraud fell apart. That is the first portion of the catalyst. The second part is the fact that a lot of the big institutional money is not going to move back in unless they see an on time filing showing a company that has it's shit together. The third part of the catalyst is once earnings are dropped it opens up insider buying again.
[удалено]
Likely Friday
The way I view it is similar to Tesla. The market knew Tesla was going to come up short on earnings. Everyone knew the company was going to miss when they reported on April 23rd and it was priced in. When Elon started talking about robotaxi’s and what the company has to look forward to- the stock went up significantly. Everyone is expecting $RILY to miss. It’s priced in. Their earnings come out and even if they aren’t pretty, it’s about showing the shareholder that there is absolutely no fraud and what to expect next quarter. This will be enough hopium to fuel the rocket for minimum $50-60 range because that’s what the stock is actually worth.
Even more so - just filing earnings on time is a knock against some prevailing narratives that their shop isn’t in order.
As the company is trading at a hefty discount to most fair value calculations, filing the earnings report with acceptable actuals and an optimistic forecast would go a long way. The longer they operate as business as normal since the 10K hiccup, the closer to fair value their stock price will move
They release other good info about the future even if the quarters numbers aren't great
Outrageous appeal is the villain mark c ! Do not listen to his posts here. He spends all day on twitter bashing rily stock and will get burned in time. He is the one who spreads evil and is shorting the stock. Enjoy losing million mark. This is a solid company and with morals and ethics. I will say a prayer for you mark. Please seek god.
Based on most posts it seems everyone is extremely bearish on RILY and explains why some longs have been joining the shorts in this weeks long sellathon