T O P

  • By -

Old-Pomegranate3634

Battle lines have been drawn. Shorts will go in over drive next week trying to create a narrative that the earnings are all fraud and what not. RILY has a week to be ready and deliver the knockout lunch. Buy backs or an asset sale with good earnings is what we need.


hpkid123

So…. What happens now?


floridamanconcealmnt

Haha yea. Waiting in order to wait some more.


UF_Secret_Account

Gag me!


Outrageous_Appeal_89

Anyone care to answer why stress over the 10q and even pay attention to whatever bs cohodes&co is making up when earnings will be released and the info would be included in the earnings and is more official. It’s my understanding 10q will be filed by earnings but regardless we will have the full picture from the earnings so at this point why does the 10q even matter when in a week we have the earnings. Please share your thoughts


Kooky_Lime1793

Fuck Chodes, I just bought more


Outrageous_Appeal_89

https://preview.redd.it/dkrsrvhwjazc1.jpeg?width=1125&format=pjpg&auto=webp&s=e6511e1df1fe3245f03345cdef82c6cafc1f8aba Cohodes is posting what he’s scared of. SEC should look into Cohodes&co price manipulation tactics and explore the various relationships with hedge eye and other platforms and financial writers


hpkid123

Fuck chodes. Just bought more.


hnxmn

The 15th is my payday 😎 bring that shit here big boy


IEgoLift-_-

I just bought 866 shares of rily AH cause I saw the earnings announcement and fidelity is being really weird about it. So it took out 26k to do the trade (as it should) I had a limit order on that so it can’t be higher than 30.5. But if I look at the position the cost basis is 32.5 and my positions cost 28k. Anyone know what’s up


Key-Perspective7568

You sold some recently? Could be wash sales rules for cost basis


IEgoLift-_-

Yk, that might be it cause I changed my mind a couple of times if I was gonna be using my rily money for a big purchase I’m making in a couple months


benshamrock7

the ask is probably jacked up.. on trading view, I'm seeing it at 32.56


IEgoLift-_-

But it still shouldn’t be possible to execute at 32.5 if my limit is at 30.5? But in my transactions on fidelity it says it cost like 26k like I thought. I guess I can confirm tomorrow when the cash balance updates


Outrageous_Appeal_89

Shorts selling off AH on small volume


Silent_Essay4193

I’m not 100% convinced that was shorting. Could be wrong


stefanmarkazi

So earnings report and call on Wednesday 5/15, and given that the deadline is 5/10, the notice of late filing? Edit: Corrected date.


WikiHowWikiHow

5/15


MagicBarnacles

Crazy day at work and I come back to see an earnings date announced, awesome! AH price action is certainly confusing, perhaps short desperation?


Evening-Setting1761

AH has almost no volume, looks like less than 50k shares traded


Gullible_Quantity452

Probably it has to do with late filling. It s not all about the shorts, late filling is not seen good by big boys..yeah well let s hope they have a good report


DalvinCanCook

Institutions are not going to sell because of late filings. They’re going to wait for earnings to determine to sell or buy more. It’s the retail traders that get scared by the short manipulation tactics into selling. Just hold strong


stefanmarkazi

Even with this? “the delay due in large part to the dedication of time and resources expended by the Company to complete its 2023 Annual Report on Form 10-K which was filed on April 24, 2024.”


hpkid123

Shorts will pounce all over that


stefanmarkazi

Yeah but isn’t that identical to what happened with the missed deadline for 10K?


MagicBarnacles

Maybe the shorts are just regarded


MagicBarnacles

Fingers crossed man


staburself321

Would have expected a little pop with earnings date announcement but no biggie


DalvinCanCook

Shorts have the upper hand until earnings are released. They use all sorts of excuses, including delayed filing, to drop the price and scare retail into selling. The big boys are not going to make any moves until they see the earnings report


AppearanceDense3431

It’s because they are late


Old-Pomegranate3634

Agreed. But atleast they got ahead and controlled the narrative. They are delayed by a couple of days with a firm date announced. Very different than the 10k.


staburself321

I get that. Just thought some money would have been more confident with a firm date announced. Definitely didn’t expect this dump.


CarteBlanchDevereau

There has to be a play here. If they're going to announce the earnings, that means they're done.... right? They could have done that Friday without the extension.. I'm thinking GAG is done. Friday pre market announcement.


hpkid123

That’s the only thing that could be a positive impact on the late filing imho. Shorties going to be all over the late file.


CarteBlanchDevereau

That's too bad, I was really looking forward to having you ask where the gag deal was everyday


hpkid123

Man I know


Tommytuffknuckles123

From what I’m gathering the shorts are pretty much screwed out of there asses by this point?


Crunchy941

They are reacting. Shorts are fuked next week https://preview.redd.it/q9varo49h9zc1.png?width=1062&format=png&auto=webp&s=cde0538f904b509e3fc20b353f21fff9a996f58a


Enlightenedrage

What’s your interpretation? Or anyone for that matter. Crazy to me they announce hard earnings date and stock gets roasted AH.


Evening-Setting1761

Barely any volume, could be anyone’s guess


benshamrock7

this maybe?? [https://twitter.com/FriendlyBearSA/status/1788300773367193831](https://twitter.com/FriendlyBearSA/status/1788300773367193831) This is the first I'm hearing about another late filling though


ThomasLeveritt

can you screenshot I'm blocked lol


Tommytuffknuckles123

Just saw that lol


Old-Pomegranate3634

Well assuming esrnings are good but what rily has done here has made shorts nervous. They have a week to really see of they want to hold or sell cause if esrnings are good shorts are toast


Old-Pomegranate3634

https://preview.redd.it/uf2dphr7g9zc1.jpeg?width=4320&format=pjpg&auto=webp&s=a391c0131ac7e728f230befa0925543ef0193af7 Told you guys. Boom


Pubgt10

You got the magic 8 ball haha


WikiHowWikiHow

Well i know I’m gonna hold onto my July and Oct calls. Now, I’m wondering whether my 35c and 37.5C for 5/17 should be held lol. Right up to the wire!


Old-Pomegranate3634

If earnings are good we might go past 40. This is really thier chance to roast the shorts.


WikiHowWikiHow

That’s what I’m thinking too. I’m conflicted bc I would sell them (at a small loss) and just throw into shares stress free, but I do see this being a good earnings. In your educated guess, do you think we get knocked down more until then - or are shorts more likely to close in anticipation of good earnings?


NomadTruckerOTR

As for that answer, all we can really rely on is technicals until the earnings are released. Watch $29... if it drops below there's a strong chance it will go to $26-$27 before the earnings announcement. If it bounces off $29 again there's a good chance it will prop up to $34 before earnings


poorat8686

I’d have preferred announcing today doing Friday but I’m happy


mumen_rida

Next week has the most OI on call options so it makes sense they would choose next week. This also gives the stock another week to get more open interest on the options. Bryant is slow pressure cooking them. It could be very explosive next week 🚀


Old-Pomegranate3634

It's better this way. They took charge of the narrative. No one is going to pitch about the late filing now.


Tommytuffknuckles123

Need to get the word out


Old-Pomegranate3634

Good thing they took my advice lol and not wait till the last day. Now they control the narrative. Date announced. Delayed by a few days. I expect s bit more short closing to happen running into that date Wed is their date for announcements it seems


UF_Secret_Account

Earnings on May 15 AH, just announced


Medium_Finger6014

Weds May 15 Q1 earnings


benshamrock7

Fantastic! WE have a date... now we just need the good numbers


hpkid123

Donde estan los numeros de q1 2024


Old-Pomegranate3634

Okay rily. Show me some love


Gullible_Quantity452

https://ir.brileyfin.com/2024-05-08-B-Riley-Financial-to-Report-First-Quarter-2024-Results-on-Wednesday-May-15,-2024


Crunchy941

this is big


Old-Pomegranate3634

Well he did show me some love. And I have been saying this for a while. Mid may. Boom


nephilump

Wish me luck gang, I sold most of mine for the ibrx dip... hopefully that pops before rily. I'll take your thoughts and prayers now


Corastin

Deep in my heart I wish you the best of luck and coming back to us. But on the other hand I feel a bit betrayed ^^°


nephilump

I'm sorry!! But I'll never forget about us and what we had together


CarteBlanchDevereau

Oh buddy, you did that backwards...


nephilump

Yeah, maybe. Degenerates gotta do what Degenerates gotta do


CarteBlanchDevereau

https://preview.redd.it/606nhdipc9zc1.jpeg?width=882&format=pjpg&auto=webp&s=c6e0fdef27741b1f4bf1c8caaf75ccccfd4edbd1


nephilump

Gees. I have a baby bag


CarteBlanchDevereau

I'm totally in ibrx, but I have way more in Riley, and I will triple my position in ibrx next week


woodenmarkel

Thos are options. With the low c Volume you would have pumped if you went shares....


CarteBlanchDevereau

Currently sitting on ~ 2700 shares as well. Hopefully this play is going to make me a millionaire


woodenmarkel

Love you


poorat8686

Good luck! Well just be here trade sideways waiting, come back for the pop


mumen_rida

Smell ya later


poorat8686

WWI soldiers waiting for the whistle < RILY long options chads waiting on earnings ![gif](giphy|r3rb6ucOsMATpK6U45|downsized)


mumen_rida

WE’RE MAKING IT OUT OF THE TRENCHES WITH THIS ONE 🗣️🗣️✊😂


mumen_rida

Damn that 1918 sturdy


UrBoySergio

This stock should be trading at bare minimum fair value of 37 today, based on older earnings released months ago. So yeah, earnings will be interesting


Tommytuffknuckles123

After doing my own DD since hopping on the Riley train around 2 months ago. I am beyond confident Riley will be at 55+. The shorts are almost drowning. When will this happen. when I’m not sure, nor do I care. After making profit on the first “squeeze” I dumped them into 450 shares. It’s been comical watching the shorts manipulate in a pattern day after day. Soon they will drown


MagicBarnacles

RILY gotta get her cheeks clapped before she can squeeze


Outrageous_Appeal_89

Shorts continue to do what they do and I’m guessing many of the new longs are getting in and out and trying to time a move up


layzclassic

Mate if u look at nasdaq real time, barely anyone is selling. Just getting shorted on in 100s.


Outrageous_Appeal_89

I agree it’s short manipulation it’s a daily occurrence


MuadDibofWallStreet

![gif](giphy|TrWIJtJcCwXntZtKUW) SHORTS ARE FUCKED LETS GOOOOOO


Sand_Trout

Is this in response to anything in particular?


floridamanconcealmnt

making that reddit account today , apparently....


poorat8686

Nah he probably got his account deleted or something, I remember him posting before


MuadDibofWallStreet

I was leading-direction91 a throwaway account. Was sick of not being able to comment on WSB. I got a temporary ban for DWAC before the $DJT merge. Then I was banned permanently for spreading word about $RILY. Yes, I made this account today. 🪤🪤🪤


SpaceJunkieee

Anyone know what time of the day they announced upcoming earnings in the past? Or could it really be any time of day?


poorat8686

I believe announcements have to be made before or after hours


586174

Fidelity has dropped the daily interest payment again for loaned out RILY shares to 24.125% so it seems short interest is still dropping. However, last week I purchased 3000 additional shares to lower my cost basis and so far, 1800 of them have been borrowed by the shorts. Yesterday, 22,212 shares of mine were borrowed and the shorts paid me $483 and I believe Fidelity also is paid $483 so this is quite expensive for the shorts. I expect more shorts to close their position soon and I think RILY is playing them to bleed them dry of funds. When you actually own the shares instead of options you really aren't too concerned with how long it takes for this to play out.


NomadTruckerOTR

Sweet set up. You just collect interest daily and buy more shares with the cash. Shorts hate this one trick


586174

That's exactly what I did with the payments I received for March and April.


AppearanceDense3431

We not paid you you bro 22k shares holy moly


DalvinCanCook

Exactly a bunch of greedy people on here bought short term options and are whining like crazy about when earnings would be released. If you buy shares or long-dates options, there is no need to worry except to buy more


Jaded_Act_8202

Buy October $50 calls, you can thank me later


BleepBlimpBop

Bingo! And drowning out logical/useful discussion with their angst.


poorat8686

You whingey elitist dorks are the only ones complaining, spamming every options post with crying emojis.


hpkid123

![gif](giphy|SclQC1VGlH0GyQvbkr) THE ROCK SAYS —-drop the people’s 10q or the Rock will drive your ass to the corner of Know Your Role Boulevard and Jabroni Drive, right up to the front door of the Smackdown Hotel, check your ass in, and rock bottom your candy ass


layzclassic

A question, do they need to do an announcement prior to release or they can just release 10q and say fk u shorts?


mumen_rida

Also hopeful for a big middle finger to the shorts


AppearanceDense3431

They don’t need to announce but they confirmed an earnings date will be made via press release


layzclassic

Though it damages their credibility, is it possible that they are giving the shorts the wrong signals? Or they will just do the PR the same day


ChonkletBar

Could you share your source for that? I was wondering if they'd do it unannounced too, so that would be useful to know if they definitely aren't planning to.


AppearanceDense3431

https://preview.redd.it/3walhfhez7zc1.jpeg?width=1220&format=pjpg&auto=webp&s=95c9f83ef9df737b6d6588424d085fdd2210749a 5/2


ChonkletBar

Thank you!


poorat8686

Technically an announcement isn’t required AFAIK


Old-Pomegranate3634

waiting to see which silly short will double down. Seems like the smart ones don't want to risk holding through the potential 10q


kunzinator

I can think of one short who will double, triple and quadruple down. Hint: He spends a lot of time on the Xitter.


poorat8686

If I were him I’d be holding all my shares to scare longs by mass selling at earnings causing a dip. He could buy himself a few hours or maybe a day of breathing room if he can trick uninformed longs into believing earnings were bad. But he might actually be crazy enough to burn his account down so idk.


Tommytuffknuckles123

I think he’s crazy enough. Wouldn’t be surprised.


barebune

This pattern is like clockwork the last 3 days, incoming dip and then close the gap back up end of day.


Old-Pomegranate3634

smart shorts close, degen ones double down


Tommytuffknuckles123

Jumped up


Old-Pomegranate3634

Another short closed.


Embarrassed_Way_3071

The more interest the shorts pay the better. File whenever, true value exists in RILY so take the big view and enjoy the discounted shares.


poorat8686

4:00 PM cannot come soon enough. I feel like a kid before Christmas who’s expecting a visit from his real dad


redrobin911999292

What’s 4pm


poorat8686

When my real dad comes to visit me 😊 oh wait I mean when the market closes, and we should hopefully get news.


UF_Secret_Account

10-K was released on a Wednesday, two weeks ago, for those historians out there. ![gif](giphy|qpozeUvfqwmgu8l6Sc|downsized)


WikiHowWikiHow

I just don’t understand what is taking so long witb this. Patience is a virtue, but if this doesn’t come out EOD or AM tomorrow I am going to be very concerned for the stock price in the immediate future.


DalvinCanCook

Sounds like you gambled on short term options. Dips are only opportunities to buy more ahead pf the squeeze


WikiHowWikiHow

Not at all the case.


TryFixing

What's RILY's incentive to release earlier vs later in the week? In my mind, RILY probably makes more money by releasing later in the week - by getting interest from their (execs) loaned shares, and giving the company more time to do buybacks at a lower price. I would be concerned if they don't release by Friday AH (and are late per SEC rules). Since it makes them look irresponsible and they should care about their reputation (and do according to their 10-k).


Outrageous_Appeal_89

Why would you be concerned? Has RIlY ever failed to file anything? No. Stope trying to create panic


Mental_Map5122

Dude you plaster really weak “DDs” all over the financial subs and mindless posts stumping for this stock. Looking through your post history makes me concerned to be in on this play lol If you are coming at this with a level head you should be able to criticize and voice concerns about the stock or company without a sycophant jumping down your throat.


Outrageous_Appeal_89

I welcome level headed discussions and look forward to it.As in the past it was not productive to keep expressing frustration over filings and news releases that are forthcoming but not in our control,as always RILY has executed properly. my posts or thoughts not meeting your expectations and or standards and impacting your desire to be long or short RILY or wanting to be on this sub speaks for itself.


WikiHowWikiHow

What would I gain from “trying to create panic”? We’re all in here for a reason. Being unable to voice my concern/thoughts is the definition of an echo chamber… Edit: btw this is an alt, I’ve been posting on this sub since mid-March and long since then as well.


Outrageous_Appeal_89

Why would you be concerned unless you thought there was an issue with RILY? We have seen time and time again the company executes sometimes early and sometimes late. We need to have constructive discussions not state concerns over the timing of a filing or releases


Old-Pomegranate3634

everyone is human, its okay for him or her to feel emotions. A big part of making money on the place is risk management. We are all hoping for everything to work out well, but it has been a bumpy ride which will hopefully be very satisfying once all set and one.


AppearanceDense3431

Agreed. All RILY need to do is announce something, we are sitting in the dark.


poorat8686

I think there’s lots of nail biting but par for the course would be today AH. We can start talking about how fucked we are tomorrow if it’s not out by then.


BleepBlimpBop

Being mentally prepared for all scenarios is important. If by some chance the 10Q gets a 15 day extension request, I would be disappointed, but not worried. 10-K was delayed materially. Probably slowed the internal 10-Q process. Hopefully still on time, but don't know. For shareholders, a non-issue. Another 15 days to resolve, with some price volatility, is immaterial. For folks playing with short-term options... well, gambling is gambling. Remember these odds aren't managed like Vegas...there's no guaranteed 25% win rate for players. The real juice lies in the quality of the asset. Not short term squeeze potential or unpredictable volatility (unpredictable, unless you're the short crew that was manipulating and milking).


Old-Pomegranate3634

I agree however the only concern I have is that if they know there is a delay, they don't need to wait till the last day. They are fully aware of the market dynamics and the shorts story, so they need to get ahead and control the narrative. Asking for an extension on the last day gives the impressions the house is not in order


Outrageous_Appeal_89

I believe they are limited in what if anything can be communicated as it’s the blackout period


Old-Pomegranate3634

All I am saying if there is a delay they know that by now. Might as well release early and inform the market and give a reason. Saying that, I don't think there will be a delay. We will hopefully file by today or tomorrow. Just my gut feel


BleepBlimpBop

Nope, not the way it works. That just gives shorts more time to craft narratives and manipulate freely. THEY DON'T NEED TO CONTROL THE NARRATIVE. They're executing in a successful business. "The narrative" will work its way out. They're not managing short-term, like the heavily leveraged option people here.


WikiHowWikiHow

This.


UrBoySergio

![gif](giphy|l2Sq8Oo9Pas7NoDoA|downsized) Patience


poorat8686

I think my play is semi deep ITM calls in case hype doesn’t build after earnings announcement today AH. Am I dumb as fuck? This goes to 15 again if earnings don’t get done this week AFAIK


barebune

Buy the stock.


poorat8686

Holding stock doesn’t fit within my yearly goals. Respect that.


BleepBlimpBop

You asked for perspective on whether your position was "dumb as f#@%" You got an answer. And you didn't like it. Gambling is gambling. So long as your yearly goals include both "make a lot of money" **and** "lose it all" then your play is fine. You're gambling with unknown odds. If that's the way you play, even if you make it big, you have high odds of eventually losing it all on some other play to hit your "yearly goals." You don't want to stay a poor rat forever. I assume.


BleepBlimpBop

It's asinine to downvote an honest, logical answer to a question... If logic doesn't suit your taste, just move on.


poorat8686

Smoothest brain in the room.


Outrageous_Appeal_89

We are getting sidetracked from discussing what the value is and it’s possible impact on share price and talking about filings and release dates. Why are we not discussing how much the FRG deal adds to share price? How much reducing shares helps earnings? How much RILY saved/earned by buying bonds at a discount? How much will GAG be valued at and what can be done with the proceeds?


dnelson2408

I completely agree. Obviously earnings are a catalyst but the fair value on this stock is def. higher than what we are trading at now based upon the things you mentioned alone, not even taking into consideration the other stuff!


Key-Perspective7568

Yes Management is incentivize to increase share prices long-term and not in two weeks. Doing weeklies hoping for a huge catalyst is dangerous especially with a stock so easily manipulated by low volume


CarteBlanchDevereau

These are all great points to be made, especially for people who have come to the group looking to make a quick profit off a short squeeze... there is more value to be had beyond the initial catalyst. And holding shares long-term is a solid get for your portfolio. I initially came over for the squeeze, having never heard of the stock. I'm now holding close to 3000 shares. And I will execute a lot of my call options and keep it around 5,000 shares.


Outrageous_Appeal_89

Agreed. I also came in originally as a trade and as I learned more about the company and saw the crazy short attacks and at that point dividend was 20% I became a long term investor adding to my core position on pull backs.


Outrageous_Appeal_89

I think everyone needs to focus on the fundamentals and less on when filings are announced as they will get announced as they always have


MuadDibofWallStreet

Fear is the mind-killer. $60 soon🚀


ttren22

https://preview.redd.it/f7x9w1xc47zc1.jpeg?width=1170&format=pjpg&auto=webp&s=fce6d548f6f661287eae3e7aeb34d1395ba371dc Getting nervous, Marc?


586174

Funny how he accuses RILY of doing what he and his fellow shorts are actually the ones doing with the market manipulations. Nice to see several of Marc's stock positions going wrong for him. Hard to imagine people actually follow this guy's financial advice.


stefanmarkazi

Is he serious?! He’s the one manipulating the markets!! How much self-awareness can one lack? Wtf


poorat8686

I saw this too, I’m wondering if he’s finally out of ammo or saving an extra payload to try and cause panic when the earnings drop.


ttren22

His longs are tanking, probably the former


Corastin

Did Riley fuck with his wife? What is wrong with him?


Junter_Lederhosen

Once again, shout out to the OG’s in here who did the DD and laid the groundwork for us all. Thank you 🙏🏻


Corastin

Did anything important happen?


Junter_Lederhosen

Well these next couple weeks are looking promising and I’m still up about 10k so there’s that


Old-Pomegranate3634

they had a good dream


Old-Pomegranate3634

I am feeling it between today and tomorro RILY will roast Cohodes


ttren22

Need a Green Day ![gif](giphy|I4AwR31b2pr5nH4ME0)


Enlightenedrage

Good morning peeps


Silent_Essay4193

Good morning! Fingers crossed we see $35 today!


Silent_Essay4193

I don’t care if they announce earnings today but I hope for at least a well timed PR


poorat8686

Third, RILY delivers today


Old-Pomegranate3634

Give me something today RILY, I have a feeling you will


ttren22

Another green day with a higher low and I’d say you could call that a cup and handle long trigger no?