Employees of B. Riley Financial, Inc. ($RILY) are expressing discontent, with speculation about potential delisting from stock exchanges and the Russell index. Concerns have been raised regarding the company's financial disclosures and the integrity of its management. Observers noted a recent 8-K filing, which included an email to employees, and reported departures among staff, suggesting internal turmoil. There are allegations of misleading communications regarding a proposed buyout, with critics questioning the viability of any financial deal without transparent financials. The situation has led to predictions that the Board of Directors may take drastic actions, including the potential firing of CEO Bryant Riley. Additionally, there are claims that the company may not file any further financial reports until significant internal changes occur.
There will NOT be another $RILY Financial Filing until they are Raided.. Things are very very bad I am hearing
File under $RILY lies. I said the take private deal was bogus from the day it was announced. Who is going to underwrite a deal with no financials to a financial firm who consistently lies through failure to disclose and should be delisted, not to mention the fact that they're… https://t.co/OhzIDfMuJK
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