RILY recently was cleared for a 90 plus rating. A couple of faux hedge fund “has beens” are shorting the stock due to a failed claim of fraud that was proven to be false in their 10K.
Yesterday's Q1 earnings call results:
-Paid $172 Million in debt
-Management expressed value of buying back debt and shares at current levels” $32m left
-$0.50 Dividend per Share
-Cash $191 Million
After the black out period today, stock will go up tomorrow ️. Good time to buy today.
The stock has upside potential
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