A rare $34,900.00 Bible.
Note: This is actually the first printed edition of the first translation of the New Testament in English.
To the casual observer, that claim may seem impossible… even absurd… because this book was printed as late as 1731. Considering that Wycliffe did his English translations of the Bible in the 1300’s, and Tyndale did his first printed English New Testaments in the 1520’s, how can this 1731 printing possibly be the first printed edition of the first English translation of the New Testament? It is because Wycliffe’s original circa 1378 productions were all hand-written manuscript copies, as Gutenberg did not invent the printing press until 1455. Tyndale did his own translation and printing work in the 1520’s. Indeed, it seems almost unimaginable that nobody bothered to print Wycliffe’s first manuscript English New Testaments as a printed book until the shocking late date of 1731… but it is true. Furthermore, nobody bothered to print Wycliffe’s complete Bible until 1850. This 1731 edition is extremely rare, with fewer than ten copies known to exist today, yet it is liquidation priced at less than half of its appraisal value.
1731 Wycliffe New Testament First printing in book form of Wycliffe’s translation of the New Testament.
The New Testament Of Our Lord And Saviour Jesus Christ Translated Out of the Latin Vulgat by John Wiclif, S T P Prebendary Of Aust In The Collegiate Church Of Westbury, And Rector Of Lutterworth, About 1378 To Which Is Prfixt A History Of The Several Translations Of The H Bible And N Testament, &C Into English, Both In Ms And Print, And Of The Most Remarkable Editions Of Them Since The Invention Of Printing
London: Sold by Thomas Page and William Mount …, 1731. First printing in book form of Wycliffe’s translation of the New Testament. Two fine engraved portraits, one folding plate. [2], iv, [4], 108, [2], [3]-156, viii pp. 1 vols. Folio. Old calf, rebacked and recornered in the 20th century to style in brown calf, raised bands, lettered in gilt. Three bookplates on front pastedown, modest tanning, some very tiny worm tracks in extreme edges of the portrait of Wycliffe, divisional title and first leaf of the text of the NT nearly detached at gutter and a bit creased, light occasional foxing, a few short tears at the fore-edge of the folding plate, otherwise a very good copy. First printing in book form of Wycliffe’s translation of the New Testament. Two fine engraved portraits, one folding plate. [2], iv, [4], 108, [2], [3]-156, viii pp. 1 vols. Folio. Accompanied by the extensive prefatory “History …” by John Lewis. At Wycliffe’s instigation, a group of scholars prepared this translation into Middle English of the New Testament from the Latin Vulgate in 1380, and though popular, it circulated only in manuscript until this edition. Over two hundred manuscript versions are known, many of them of the revised version prepared by John Purvey. In 1409 the Wycliffe version was condemned as heretical and outlawed in Britain. This edition was published by subscription, and the edition, including some copies on large paper, is reported to have consisted of only 160 copies.
https://greatsite.com/shop/size-range/lectern-folios-11-15-tall/1731-wycliffe-nt-rare/

Afternoon all,
I thought it might be fun to try and take the last three weeks and have a recap of the data and news surrounding RILY. I just searched this sub and news outlets and such for the last 3 weeks and took notes then fed them into an AI software asking it to summarize everything. In no way is this Financial Advice just a fun task.
"The financial landscape for B. Riley Financial, Inc. showcases a dynamic narrative of operational resilience and strategic positioning. The company's recent activities reflect a strategic focus on managing debt obligations effectively while optimizing business segments for sustainable growth. The strategic review process for Great American Group retail liquidation and appraisal businesses is progressing, indicating a commitment to enhancing operational efficiency and value creation.
In the earnings summary, a net loss of $51 million was reported, primarily driven by investment-related losses and professional services expenses. Despite these challenges, the company's strategic initiatives and operational performance remain robust, as highlighted in the earnings call. Executives Bryant Riley and Tom Kelleher emphasized the company's operational excellence and strategic direction, underscoring a commitment to shareholder value and sustainable growth. The company's strategic reviews and commitment to shareholder value remain steadfast amidst market volatility caused by short manipulation.
Furthermore, the full redemption of $25,000,000 aggregate principal amount of 6.75% Senior Notes due 2024 signifies a proactive approach to managing debt and strengthening the company's financial position. This strategic move aligns with the company's focus on optimizing its capital structure and enhancing financial flexibility.
Overall, B. Riley Financial's narrative is one of resilience, strategic foresight, and operational excellence in navigating market dynamics and challenges. The company's commitment to financial prudence, strategic reviews, and operational performance positions it well for sustained growth and value creation in the evolving financial landscape."
Below is the data the AI used to create the summary. Just copy and pasted from a very quick and crude gathering of information into a word doc. I also enjoyed the earnings summary the AI did. The last line made me feel happy thoughts. - In summary, B. Riley Financial's first-quarter 2024 results underscore its strong operational foundation and strategic foresight, positioning it well for future growth and shareholder value creation.
1. Cohodes being loud and classless examples
https://preview.redd.it/xymj94vp5f1d1.png?width=637&format=png&auto=webp&s=3d9f18f4f877f7fb518039bc78198e77e3fcd190
https://preview.redd.it/bxacg0bp5f1d1.png?width=975&format=png&auto=webp&s=9a4eba6a4a39457cc47661be5836008976b37fc6
https://preview.redd.it/q5kdr5qo5f1d1.png?width=975&format=png&auto=webp&s=14dcb5473ed7dcac4646eaba2b983806f32bd875
https://preview.redd.it/ky1hlc1o5f1d1.png?width=789&format=png&auto=webp&s=4c603719820d06ea91d9181ad3c41734a603b795
https://preview.redd.it/soco7bjn5f1d1.png?width=969&format=png&auto=webp&s=dfbcf20f984e391c51afcc89e46597d1d9dff6ad
https://preview.redd.it/pwbnnwwr5f1d1.png?width=975&format=png&auto=webp&s=fe06146b727540c291825eda8db5f33b11e9e992
2. Discussion about FUD and shorts deception
I see the shorts (Marc Cohoded and Co.) are still at it, trying to l use a fake psychological twist to cause doubt. Let's stick to the facts and let the price go where it will in the long term. Short thesis was and is there was fraud, both proven wrong by independent investigation and a clean independent audit if the 10-K and now 10-Q. You can slap that one around anyway you want, but both came up clean. First, they have stated their intentions of a sale of a carried undervalued asset (Great American) by a third party for a massive realized gain. Good for the investors and bond holders as they said they would use funds to deleveverage the balance sheet and buy back stock which already has very little float. Second, I have never seen a company that is paying dividends go under whith out, completely eliminating the dividends first (RILY still pays a dividend and baby bonds are all current--none are in any default). Third, business has been good with lots of new hires, new capital makets raises and fees and their business seems to be thriving. Shorts will try to mislead all of us with their lies and deciept but if we hold strong I believe that the stock will go to at least 50 ish in the short term where they did their secondary. I believe at that point, RILY may run into a bit of resistance. However, a squeeze could easily send us through that to new highs. Patience is the key as they have stated all this in their press releases in the recent past. If we al on this sitel just buy 100 to 1000 shares on Monday and hld through the 29th to get the dividends. this will rocket to new heights. This is not a recommendation, simply my thoughts. Do your own due diligence.
3.Stop lending shares=pain for shorts = short squeeze
If all longs can stop lending shares at least I believe we can cause shorts to cover. There is no valid short narrative, both longs and shorts know this. Now it’s purely who can hold out longer. Shorts have been very active as of late trying to push share price lower and with many of us loaning shares out we are actually helping the shorts hurt us. I believe if we stopped lending out shares borrow rate skyrockets and that added cost combined with dividend and gradual upward movement will force shorts to cover. Granted news release can help but we don’t need news we just need to stop lending and wait and see.
4. Smoking Gun: Thursday dropped because shorts borrowed and sold 724K shares (with 2MM total volume) and 447K on Wednesday (with 1.3MM total volume). They're trying to drive price down, induce panic, get folks to sell, and buy back shares at a super low price.
https://preview.redd.it/hopdxkbt5f1d1.png?width=975&format=png&auto=webp&s=3945adf69a00addb0c2da4ea0c26b2a4de2749b3
5. Article showing RILY coming back https://www.investmentnews.com/broker-dealers/news/b-riley-bouncing-back-after-tough-winter-253448
6. Rily - Day 3 of short attactks - There's a positive
Our favorite shorts cohodes&co is on overdrive releasing as much fake accusations as possible, they now have been adding a lot to their position at a higher price point with shares in the 30s, now the shorts cost basis has gotten worse for them. With more shares at a worst cost with dividends coming due as well as borrow fees , shorts have less wiggle room especially if stock goes to 40 again. Now at 40 I believe they will be losing money. With insiders hopefully buying soon and the company continuing their share buy back program , that can lead to upward movement in share price leading to the “squeeze “.
7. $RILY Earnings Summary
Not financial advice.
It was an interesting investor call, an almost boring call which was refreshing. The company had a net loss of $51m driven by non-cash items including $29m unrealized loss on investments and a $30m fair value adjustment on their loans.
Cash flows were pretty good, with operating cash flows of $135m and adjusted operating EBITDA of $66m.
Targus and American Freight contributed nothing this quarter, both companies are historically strong businesses but have been working through a business cycle post-COVID after many Americans bought the things they needed. Those companies should improve in the next year.
The company previously announced a potential sale of Great American Group. Q-1 earnings for that segment increased to $35m of EBITDA, so at 10-12x a potential sale is looking like $350-$420m. On the call they said that is expected by early Q3. They also mentioned possibly looking at a sale in their Brands division later this year with the goal of retiring their discounted debt, citing it as an opportunity.
The short thesis crumbled last month with a clean 10-K and two internal investigations which added an additional $7m in expense but presumably were quite thorough and completely debunked claims by bears.
There are no shares available to borrow per Fintel:
https://preview.redd.it/ukhk0tou5f1d1.png?width=975&format=png&auto=webp&s=0622973216e0293d7f2699c1b6eee3216824305e
And short interest remains at approximately 65% with 9 million shares short, though the retail float is thought to be much smaller, maybe 2m shares.
The company has $34m available at quarter end for buybacks from a previously approved program.
I see value here, and I liked what I heard on the call.
8. Misconceptions - Rily Share Structure
[THIS POST IS FOR EDUCATIONAL PURPOSES ONLY] mumen_rida
There seems to be a lot of confusion about the company’s share structure and I would like to use this post to help not only my own understanding but also help others. It’s a bit confusing but let’s tackle it together.
I got this information from marketwatch: Total Float = 30 million shares Public float = 16 million shares Shares sold short = 9 million shares % of public float sold short = 56.38%
According to fintel: Institutional ownership = 14.18 million shares
So let me get this straight, there is 16 million shares in the public float and institutions own 89% of that (14.18 million shares). So that would mean retail investors collectively only have about 1.82 million shares to trade around amongst ourselves. Let’s call that retail float.
So, retail float = 1.82 million shares.
Let’s wrap up all the most important information (imo) regarding the current share structure and please correct me if any of the information I presented here today is false:
Total float = 30m
Public float = 16m
Shares short = 9m
Retail float = 1.82m
Where I think it gets the most interesting is when you divide shares short by retail float. 9/1.82= 4.95 or 495% of retail float.
Hope this helps clear up any confusion regarding the share structure.
REPSONSE TO THIS BELOW
EnvironmentalBreak48
•3d ago
THIS RESPONSE IS FOR EDUCATIONAL PURPOSES ONLY. NFA. Do your own DD, make your own decisions.
Based on OP calculation.
1. Total Float: About 30 million shares.
2. Public Float: 16 million shares.
3. Shares Sold Short: 9 million shares.
4. % of Public Float Sold Short: 56.38%.
5. Institutional Ownership: 14.18 million shares.
6. Retail Float: 1.82 million shares (calculated as Public Float - Institutional Ownership).
Given this information:

Understanding Short Interest

· Shares Sold Short: About 9 million shares.
· Retail Float: 1.82 million shares.
· Short Interest as a Percentage of Retail Float: 9 million shares/1.82 million shares≈495%
This high percentage indicates that the short interest is nearly five times the available retail float, which could lead to a short squeeze if investors hold onto their shares and/or demand increases.

Days to Cover (Short Interest Ratio)

The Days to Cover metric gives an estimate of how many days it would take for short sellers to cover their positions based on the average daily trading volume. Here’s how to calculate it:
1. Determine the average daily trading volume (ADTV): This information is usually available on financial websites like MarketWatch or Yahoo Finance. Let’s assume the ADTV is 1,000,000 shares (this is an example, you should use the actual ADTV for a more precise calculation).
2. Days to Cover: Shares Sold Short/ADTV
Using our example ADTV: Days to Cover=9,000,000 (short shares)/1,000,000(Avg. Daily Volume)=9 days Days to Cover

Potential Implications

· High Short Interest Ratio: A high Days to Cover ratio suggests it would take a significant amount of time for shorts to cover their positions, which can lead to increased volatility.
· Potential for a Short Squeeze: With a high percentage of the retail float sold short, if retail investors decided to hold their shares and the stock price rises, short sellers may be forced to buy back shares at higher prices, leading to a potential short squeeze.
· Limited Retail Float: With only 1.82 million shares available for retail trading, any significant buying pressure from institutional investors and/or retail investors it could quickly drive up the stock price.
9. Why Even the Joker Thinks You’d Be a _____ For Not Taking A Look at RILY Stock
Batman here. You might know me as the Dark Knight, the Caped Crusader, or the guy who really, really, really wants to own a spaceship. Today, straight from the Batcave, lets talk about something as exciting as racing the Batmobile or the return of Roaring Kitty—RILY stock.
First off, let’s talk numbers, because even a superhero knows the importance of a strong financial foundation. RILY has been buying back shares like Alfred buys Bat-gadgets—strategically and frequently. This move isn’t just a nifty trick; IMO it’s a signal that RILY is confident in its value. When a company buys back its own shares, it’s like Batman investing in more Batarangs—it’s a smart play that shows belief in future performance.
But that’s not all, folks. The recent buzz around RILY isn’t just cat signals in the sky—it’s grounded in solid developments. RILY had to work hard to file their 10K after all the mudslinging from the shorts, but got it done. The first big catalyst domino to fall.
Now, let’s get to the juicy part—earnings and dividends. RILY’s about to drop their Q1 earnings tomorrow, and you know what that means? Dividends! That’s right, folks. RILY is likely to declare a dividend, that our short friends will be paying. Dividends are like the Batmobile’s turbo boost—an extra kick that gets you excited and propels you forward. Plus, once they file their Q, a few days later insiders should be able to start buying again. Form 4s anyone?
Here’s where it gets really interesting: meme stocks are back with a vengeance, wow talk about a left jab, and shorts are on their heels. The RILY squeeze might start very soon or it might not, but with shorts potentially facing margin calls due to price movements in various holdings, and especially if they’ve been shorting RILY all the way down it has not been a good week for the shorts so far. Just look how RILY stock popped this morning on about 200k in volume.
To add insult to injury, to date, NONE of the short thesis has come to fruition or has been confirmed by independent information. They’re in quicksand, and it’s time to gas up the rocket. There are still several catalysts that may come into play here:
Q1 Earnings Release: Scheduled to be filed tomorrow, providing insights into the company's recent performance. The deal flow on their website was up YoY.
Dividend Announcements: Anticipated dividends right around the corner.
Insider Buying: Once the Q1 earnings are filed, insiders should be able to buy stock again, expect to see some Form 4s in very short order.
Sale of Great America Division: If RILY sales Great American, they have said the proceeds from this sale are expected to be used to reduce debt and fund further stock buybacks, potentially enhancing shareholder value.
Low Float: With a limited number of shares available for trading, increased demand can lead to significant price movements.
Buybacks: Ongoing buybacks can continue to support the stock price.
Meme Stock Momentum: With meme stocks making a comeback, there's increased interest and activity in stocks that are short and that could drive up RILY’s stock price.
Short Squeeze Potential: Low public float, company buybacks, insider buying…mix that up and you have the recipe for a potential squeeze.
Roaring Kitty's Return: The return of Roaring Kitty, a key figure in the meme stock movement, brings renewed attention and excitement to the stock market in general.
And, guess who just chimed in on RILY earlier today? That's right—JeffAmazon from the GameStop meme trade and Netflix documentary! He made a little tweet tweet on $RILY
Additional Catalysts: What do you all think…..
Stay vigilant, stay smart, and just my thoughts—do your own due diligence and make your own decisions. NFA.
10. FAKE ARTICLE BULLSHIT FUD…………
Well, IMO even Stevie Wonder can see that the latest article on FRG is just another hatchet job. IMO the problem with creating a narrative is that the facts can’t keep up, and boy, did they fall behind here.
RILY conducted not one, but two independent investigations and found zilch issues with its FRG investment or loans made to Kahn. And guess what? No connection with Prophecy either. FRG did their own investigation and also found no connection with Prophecy. So, to call the relationship between RILY and FRG controversial is like calling a puppy dangerous—laughable.
In RILY's 10k, they marked up their FRG investment FMV $281 million to $286 million…
FRG's FY23 financials are public, and the attached table shows the maturities of their debt. In 2024, about $10.5 million in debt is maturing. Big deal. Looming debt? Hardly. The real kicker is in 2026 when about $1.5 billion of debt matures—not this year, not next. LOL.
The FRG financials clearly state they were in full compliance with their debt covenants in FY23 and fully expect to be in compliance in FY24. Yet, "the people" say FRG is down double digits in Q1. Funny timing with RILY's Q1 financials coming out on Wednesday, huh? And by the way, FRG's adjusted EBITDA for Q1 FY23 was $66 million, not the $62 million the article claims. Why not use the actual FRG public company number? Maybe because when you're rushing to write a hit piece, you just pick random numbers.
https://www.globenewswire.com/en/news-release/2023/05/10/2665414/0/en/Franchise-Group-Inc-Announces-First-Quarter-Fiscal-Year-2023-Financial-Results.html
So, according to the article, FRG is down 63% in revenue ($66 million vs. the alleged $25 million).
Sure, FRG sold Badcock and Sylvan Learning, so they might be down YoY, but down 63%?
FRG sold in FY24 Q1 Sylvan for $185 Million cash….and they’re worried about paying $10.5 million in long term debt due this year. Got it.
https://www.franchisetimes.com/franchise_mergers_and_acquisitions/unleashed-brands-buys-sylvan-learning/article_a568813e-d4c7-11ee-bb32-1f85230cfdda.html
https://preview.redd.it/lry689p16f1d1.png?width=975&format=png&auto=webp&s=0714b3b378abb528f0abb470ade0deb3d34c2d39
•5 days ago
BleepBlimpBop
NT-10Q mirrors the press release about the 5-day delay on the 10Q. It's the formal document for the SEC. It also includes estimated earnings.
13F-HR lists their investment holdings as of 3/31.
"Estimated results of operations for the three months ended March 31, 2024 are summarized as follows:Cash and cash equivalents is expected to be approximately $191 million at March 31, 2024, a decrease of $41 million from $232 million at December 31, 2023. Total debt is expected to be approximately $2.19 billion, a decrease of approximately $170 million from $2.36 billion at December 31, 2023. This reflects the early redemption of approximately $115 million of senior notes during the three months ended March 31, 2024. Net loss available to common shareholders is expected to be approximately $51 million during the three months ended March 31, 2024 compared to net income available to common shareholders of $15 million in the prior year. The net loss is due to non-cash items which includes unrealized losses on investments and fair value adjustments on loans of approximately $59 million; in addition to incremental expenses of approximately $7 million incurred for professional fees relating to the filing of our 10-K and outside counsel review and subsequent independent investigation conducted as part of the previously disclosed investigation of the Audit Committee of the Company’s Board of Directors."
12. Friendly PSA: Manage your emotions
•5 days ago
BleepBlimpBop
I'm optimistic that the shorts' game will begin to fully unravel this week. This is a PSA to please manage your emotions, set your strategy intelligently, and don't get carried away by emotion.
For many longs, the past months have had a lot of negative emotion. Especially for long-time holders, who watched the full show:
· Initial short attacks
· Months of tailspin
· Months of trading sideways like an EKG
· A run up to $40
· A swift retrace -25%
· Endless vicious attacks on the company, its clients, its employees, its auditors, and on any individual who publicly states they see value in the company (including personal attacks on people on this sub)
Whether you got in years ago, and stayed for the growing business, fat dividends, and diversification...or got in last week because the short ratio is astronomical...
The recovery to fair value, whatever path it takes (squeeze, or gradual) will provoke a varied and wide range of emotions. The emotional component of investing is the hardest part.
Personally, I think it's a deep value play, and I'm not anxious to jump off the train. It's a company where insiders are huge owners, and their interests are truly aligned with shareholders. Because they're the biggest individual holders. The huge extra profit sharing dividends of 2021+ were impressive; this company rewards shareholders.
Please manage your emotions. Please invest intelligently. Please be nice to other nice people.
This isn't financial advice, but it is life advice. Manage your emotions, and make intelligent decisions.
13. RILY RS Article 76 to 83
https://www.investors.com/ibd-data-stories/b-riley-financial-shows-rising-price-performance-with-jump-to-83-rs-rating/
B. Riley Financial (RILY) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 76 to 83.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest climbs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a base and break out.
The company showed 0% EPS growth last quarter. Revenue rose -9%. The company is expected to report its latest earnings and sales numbers on or around May 15.
The company earns the No. 24 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers (IBKR), Piper Sandler (PIPR) and Ameriprise Financial (AMP) are among the top 5 highly rated stocks within the group.

14. Announcement of 2024 Annual Meeting June 21st
https://www.sec.gov/ix?doc=/Archives/edgadata/0001464790/000121390024041725/ea0205510-01.htm
15. Repost: $RILY DD: The real price potential...when the stock is a solid/growing company (not just a squeeze).
9 days ago
BleepBlimpBop
In response to multiple requests, reposting my DD on price potential from 2 months ago. Will hopefully facilitate intelligent thought about price potential.
--------
Many have been speculating about the squeeze price potential (75.72% of free float shorted per Fintel). Lots of posts discussing "how high" and "how soon." As others have observed, correctly, no one knows.
However, I think we can look at financials, and past price, to get a good indication of a reasonable range, after any "squeeze dust settles."
Let's recognize a few things:
A) It's a growing, and historically very profitable business. It's not GME (dying company with obsolete business model).
B) It rewards its shareholders with regular dividends, and large special dividends when profits are high.
C) It spent a year (early 2021 to early 2022) around $70/share. Plus or minus $20. High of $90.
D) July 2023 $100MM share offering was at $55, with lots of institutional interest, and lots of employee interest (7% of the new shares). It was only a small discount to the $60 stock price at the time (often, the offerings are at a much greater discount to induce institutions to invest).
· Institutions do their due diligence - they don't buy unless they think it's a good deal.
· Same with employees!
E) It didn't tank because their business model is obsolete (i.e., GME issue). It tanked because of:
· Short seller reports spewing fear, uncertainty, and doubt.
· Rampant flimsy speculation
· Poor earnings during a crappy time for investment banking (their main business), and some unfavorable mark-to-market of some of their investments.
· Note that RILY makes a business of supporting and investing in companies in distress. When they provide financial options, they also actively help the company right the business. That process takes time, so there's often interim volatility in the value of their assets. But their historical investment returns and recovery rates seem to be very good. Profitable, but can create volatility in the books as it plays out.
· Character assassinations.
F) From the looks of it, now that Reg Sho is in place, a concerted group using naked short selling, spoofing bid/ask, keeping a cash account to sell shares and manipulate low volume (all speculations, but notice the radical difference in how it trades now that there's regulator scrutiny and forced settlement - as well as observant people here and on Twitter calling out the egregious observable issues in the trading action)
G) It's continued to grow since 2021/2022 (look at the investor presentation in December). They've continued to disclose deal flow and make acquisitions since.
What does that all mean?
A) $70-90 would be a reasonable steady-state price if the shorts moved on, profitability returns to normal levels, and the company was the same size as 2021-2022.
B) Significantly higher than $70-90 would be a reasonable steady-state, given growth in the company, and a return to historical scale of profitability.
· You can also bet-your-bottom-dollar they're going to make sure their balance sheet is IRONCLAD go forward, and they do a better job of explaining their business.
· Management owns a huge chunk of the business, and they'll **never** want to be susceptible to this crap again.
C) A squeeze could have one of two impacts:
· Return the business to a reasonable steady-state price (e.g., $70-100+)
· Accelerate the company well above a steady-state price, where it could remain for an extended period, or return to a normal steady-state price.
D) A squeeze isn't necessary to return this to a steady-state price. Just time... Company executes, shorts pay high borrow fees, shorts hedged positions decay.
How do I think about it?
· I'd love to see the slightly-slower-road to steady-state.
· I'd love love to see the fast road back to steady-state.
· I'd love love love to see this thing shoot well beyond any reasonable steady-state, and bankrupt the most vocal short sellers. By all appearances, they rank among the more degenerate of their species.
· For those that sell early, they'll be sad watching from the sidelines. The road may not be linear, but I think it's paved with gold.
These are my thoughts. Not financial advice. To the moon, baby.
16. $RILY- “They can win by doing nothing
12 days ago
Outrageous_Appeal_89 “
Whitebrook capital assessment addressing cohodes&co BS at the peak of their false accusations and in a polite way stating short funds were making things up (misinformation & manipulation ). It seems $RILY is executing on some of the recommendations Whitebrook capital had - share buy back and bond buy back has been executed and continues to be executed on. Whether you invest in $RILY for the long term prospects or the short squeeze that can be triggered any day as lie after lie is exposed. Bottom line is the fair value of $RILY is a lot higher then where it currently trades. We will get a better idea whether share prices deserves to be in the 50s or 60s as we get an update on GAG valuation. Seems many here forget that $RILY creates value by turning companies around and then monetize, this process takes time , they have been able to do this successfully, repeatedly over the years.
https://preview.redd.it/uiisruq36f1d1.png?width=792&format=png&auto=webp&s=e6c32c04877ae21b51cb8a99cee0aef17cdb32c4
17. 3 Videos from Value Don’t Lie on Youtube talking about Financials of RILY and overall company valuation
https://www.youtube.com/watch?v=kRenvff8duE&t=1s
https://www.youtube.com/watch?v=EoaCZw7AmpA&t
https://www.youtube.com/watch?v=7_Ayoox3fvM
18. Getting around the NBBO and Longing the Box
So let this sink in… the market opens and in 5 minutes we rally to $34.42, then over the next 15 minutes we drop to $28.80 at which point SSR was triggered and sell volume slows WAY the hell down. That drop was ALL short sellers and NO longs selling shares (otherwise the sell-off wouldnt have stopped literally minutes after SSR triggered). NOW, what the scumbag shorts are doing is going Long Against The Box.
19. Steve Cohen and Point 72 buy 24,917 shares long on May 15th
https://preview.redd.it/fhdhyco46f1d1.png?width=975&format=png&auto=webp&s=6600f6a9a3f0bc5bc8823cddb5f52defdf282063
20. Summarize this earnings call and keep pertinent quotes and data in the summary.
https://filecache.investorroom.com/mr5ir_briley2/925/RILY_1Q24_Earnings_Release_vFINAL.pdf
Chat GPT Summary of the full report below
B. Riley Financial, Inc. (NASDAQ: RILY) reported its first-quarter 2024 financial results, showcasing resilience and operational strength despite facing challenging market conditions and unique internal events. Here's a summary with a positive outlook:

First Quarter

2024 Highlights:

1. Quarterly Dividend Declaration:

• B. Riley declared a quarterly dividend of $0.50 per share, reflecting the company's commitment to returning value to shareholders. The dividend will be paid on or about June 11, 2024, to shareholders of record as of May 27, 2024.

2. Operational Performance:

• Despite reporting a net loss of $51 million, the company's core operating businesses demonstrated solid performance. This loss was primarily due to non-cash, unrealized investment losses.
• Total revenues for the quarter were $343 million. Operating revenues, excluding investment-related impacts, were $379 million, showcasing the underlying strength of the company's operations.

3. Strategic Debt Management:

• B. Riley successfully retired $115 million of its 6.75% 2024 Senior Notes and repaid $57 million of bank debt facilities and notes payable. This strategic move highlights the company's focus on strengthening its balance sheet and reducing interest expenses.

4. Cash and Investments:

• As of March 31, 2024, the company had total cash and cash equivalents of $191 million and total cash and investments of $1.61 billion, providing a robust liquidity position to support ongoing operations and future investments.

5. Segment Performance:

• B. Riley Advisory Services: Delivered its strongest first-quarter results in the firm's history, driven by increased demand for appraisals, bankruptcy restructuring, litigation consulting, and real estate services.
• B. Riley Securities: Benefited from a steady dealmaking environment, generating higher fee income despite a decrease in overall capital markets segment revenues.
• Wealth Management: Continued to improve operating margins and managed $25.8 billion in assets by quarter-end.
• Communications: Provided steady cash flow, contributing to the platform's stability.
• Consumer Products (Targus): While facing macro headwinds in the PC market, Targus remains a leader in its sector, poised for growth as the market stabilizes.

Leadership Insights:

• Bryant Riley, Chairman and Co-CEO, emphasized the company's operational stability and strategic focus amidst challenging conditions. The firm's resilience is attributed to the dedication of its employees and robust core business performance.
• Tom Kelleher, Co-CEO, highlighted the impressive performance of B. Riley Advisory Services and the steady contributions from B. Riley Securities and Wealth Management. He expressed optimism about Targus's potential recovery and the company's strategic investments.

Looking Ahead:

B. Riley's strategic initiatives, such as debt reduction and selective investments, position the company for continued success. The ongoing strategic review of its Great American Group retail liquidation and appraisal businesses indicates a proactive approach to optimizing its portfolio. The firm remains committed to delivering value to its shareholders through dividends and operational excellence.
In summary, B. Riley Financial's first-quarter 2024 results underscore its strong operational foundation and strategic foresight, positioning it well for future growth and shareholder value creation.
20. State of the Stock
15 days ago
UF_Secret_Account
Not financial advice, do your own research. Don't take advice from the internet, consult a professional financial advisor.
On April 19th, the stock closed at $19.99. Today, it is over 50% higher after a positive 10-K clearing the company of fraud allegations.
The stock touched $40 on April 26 and 29, a 100% gain from a week prior.
The short interest has remained relatively consistent during the move, with 10-11 million shares still short. However, given the time lapsed, I think it's safe to assume that most of those shares were covered and re-shorted in the last two weeks. For future research, we should assume they have an average $35 entry on their short positions.
1st quarter earnings are coming soon. Like many of you, I am a little curious that it hasn't been announced yet, but I have no concerns with everything the company has on its plate. 10-Q's are unaudited and it's very unlikely there is anything to be concerned about, in my opinion.
The company could be coming to the end of their strategic review for GAG. That will eventually result in some additional financial statement adjustments for presentation.
I would expect 1st quarter earnings to be good based on their deal flow and reported transactions.
In November 2023, the board approved $50m for stock buybacks. The company repurchased 728,330 shares at an average price of $21.85, but mainly bought shares in November. That's $16 million spent, and means the company had $34 million approved to buy back stock at year end. The program continues through October 2024. At our current price, that would be 1.1 million shares (3.3% of the outstanding stock).
That is significant for a stock with this many outstanding shares, but more significant for the number of freely traded shares which is far less. How many times have we seen huge price moves on small blocks of shares? If the company adds $10-15 million to that program, that's another 300,000-500,000 shares. Again, it doesn't sound like a huge number but it would add pressure to what will become a dire situation for the shorts.
The shorts may decide not to cover, or to continue the strategy of taking their losses and re-shorting, but their ability to influence the stock back to a level where they truly profit is nonexistent in my opinion, particularly when volume dies between market-moving events.
I am eyeing the $50-$55 range as my price target in the next move up.
21. NOTE on FRG Independent Auditor’s Report
One of the positive things I see IMO was for the billion dollar loan that matures in 2026. “On July 2, 2021, the Company repaid $182.1 million of principal of the First Lien Term Loan using cash proceeds from the sale of the Liberty Tax business. The prepayment also satisfied the requirements for the quarterly principal payments so no additional principal payments with respect to the First Lien Term Loans (excluding the Incremental First Lien Term Loan) are due until the First Lien Term Loan maturity date.” To me this gives them some flexibility for their cash as there isn’t much long term debt due in 2024 or 2025.
https://preview.redd.it/ib92t7e66f1d1.png?width=975&format=png&auto=webp&s=df286021b0653db92122e33df0ed37f1068a0c6c
22. on May 3rd Cohodes or someone else got media to report 4th quarter from last year as q1 earnings this year. Which was a lie and FUD
https://preview.redd.it/nlau48276f1d1.png?width=623&format=png&auto=webp&s=832695b6c331c3df6dbcb861dc90551ee42a036a
23. B. Riley Financial Announces Full Redemption of 6.75% SR Notes Due 2024
17 days ago Wolfiger
LOS ANGELES, May 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that it has called for the full redemption equal to $25,000,000 aggregate principal amount of its 6.75% Senior Notes due 2024 (the "Notes") on May 31, 2024 (the "Redemption Date").
The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered to noteholders on May 1, 2024.
https://ir.brileyfin.com/2024-05-01-B-Riley-Financial-Announces-Full-Redemption-of-6-75-Senior-Notes-due-2024
24. 8k filed May 1st for Nasdaq Compliance
25. Found management bonus if above 136 by October. Did anybody else know that a part of managements comp was in the form of Performance-based Restricted Stocks Units with a vesting date of 10/27/24 AND A HURDLE PRICE OF $135?!?
https://preview.redd.it/wo2uh54k5f1d1.png?width=547&format=png&auto=webp&s=8b6dedf28ec845b2170647674f5b39b6eaac96a1

I would like some pointers to improve my bullet points and other problems you see. Targeting ME roles in any industry at this point. No internships during college, holding 5 months of project management experience and 1 month of SolidWorks as an ME intern (counting by dates and not entire month). I am on F-1 OPT and it seems next to impossible to find an employer that will sponsor at my degree and experience level.
Answering some expected questions from my resume.

1. Why was your first role only two months? Hired assuming I didn't need sponsorship. A rare HR "oops" moment. I am partly to blame. I will post details in an appropriate subreddit and link it in an edit (no promises). I was suggested to call this role an internship and not full time to avoid this question, is that sound advice?
2. How are you back in the same role? I am a contractor now. I approached a contracting company for help and they approached my management and things worked out. For those who understand immigration jargon, the contracting company is not E-verified and I have to leave if I want my STEM extension.

2nd time posting so I want to address some comments from when I posted first.

1. Got picked on for identifying "Design Lead" on senior design project. Mixed opinions from reddit users so I kept it. How are we feeling about it now? It doesn't mislead a recruiter into thinking it was a position.
2. Someone said my resume looked like a generalist and not a specialist, with about 5 months of exp in project management, how do I tailor my resume to make me sound like I'm a PM specialist?

Thank you.
EDIT: Added a question about first role.
https://preview.redd.it/ybz1smiwye1d1.png?width=5100&format=png&auto=webp&s=404ec1016c9821264b264ba73884b34a4609fa7c

what's up? I wanted to thank everyone that joined to sub yesterday and welcome you. so I'm giving all you an exclusive europa recipe for the lead synth on the Eminem song "B**ch Please 2".
Load the stock patch for europa \"harpsine\" and configure the buttons and knobs the way I have them here

On this day 116 years ago in Kharkov Nikolay Dmitrievich Pilchikov – scientist-physicist, inventor in the field of radio engineering, author of works on optics, terrestrial magnetism, electrical and radio engineering, radioactivity, X-rays, electrochemistry, geophysics, meteorology – was shot in the heart.
At about seven o’clock in the morning of 6 May 1908, a shot rang out in a ward of an expensive Kharkov hospital. Breaking open the door locked from the inside, the doctors saw its only patient – it seemed that his life had been cut short in his sleep. The man was lying in his bunk, as if he hadn’t woken up yet. And if not for the bloodstain on his chest, no one would have realised the tragedy. A revolver lay on the tea-table beside the bed. It was from this revolver that the bullet that had pierced the scientist’s heart had been fired. Could a man who was undergoing medical treatment have carefully placed the gun beside his tea glass and folded his arms across his chest after shooting himself at point-blank range? Nevertheless, the “cadaver book” records ruled the death a suicide.
For some reason forensic experts did not do dactyloscopy – the investigation was not puzzled by fingerprints on the black “bulldog”, which became the murder weapon. And the authoritative professor Nikolai Bokarius, whose name now bears the local Institute of Forensic Medicine, even described Pilchikova’s case in a textbook for lawyers and doctors as an example of temporary purposeful capacity of suicides with fatal gunshot wounds in the heart area. At that, the luminary recommended to take into account not only anatomical features of the injury, but also the functional state of the central nervous system. The picture was completed by the conclusion of pathologists, who found in the killed after the autopsy of the corpse modifications in the structure of the brain.
A purely “police” justification for not considering the murder version was the fact that the incident took place in a locked room on the first floor (as if this could be an obstacle to unauthorised entry).
And a week after the scientist’s death, on 13 May 1908, the head of the police department received a report from the head of the Kharkov security service about the unreliability of the “extreme leftist” Professor Pilchikov, who was known for his active participation in “criminal agitation activities of engineering students”. This was confirmed by a search of the scientist’s house, during which propaganda literature from the period of the first Russian revolution of 1905 was found.
What was Professor Pilchikov doing before he was “worked out” by the police? The scientific fate of Nikolai Dmitrievich was as unusual as his death was mysterious and the fate of outstanding discoveries inexplicable.
The scientist, whose life was cut short at the age of 51, was not only a physicist, but also a lyricist: he was no less talented in composing poetry, painting pictures and playing the violin. But he considered his life’s work to be his scientific career, which was unusually successful.
The son of a public and cultural figure, who was a friend of Taras Shevchenko, was born on 9 May 1857 in Poltava, and already during his studies in gymnasium showed remarkable abilities in exact sciences. Entering the Faculty of Physics and Mathematics of Kharkiv University, he experimented in new at that time experiments in the field of sound recording, while still a student invented an electric phonograph.
After graduation, the graduate was left to work at the Department of Physics. His first scientific monograph was devoted to optical analysis. Later the scientist made a number of discoveries on the topics of scattered light polarisation and atmospheric ionisation, atmospheric electricity and geomagnetism, radioactivity and X-rays. Pilchikov was awarded the Silver Medal from the Russian Geographical Society for a series of studies of the Kursk Magnetic Anomaly, during which iron ore deposits near Prokhorovka were predicted.
https://preview.redd.it/qgjjyhraue1d1.jpg?width=670&format=pjpg&auto=webp&s=cc9b32df718dc6e9a0403ae713878a85cecc4add
After defending his thesis at the University of St. Petersburg, the master of physics was appointed privat-docent of the Kharkov University, and two years later he went to practice at a magnetic observatory in Paris, where he discovered flaws in the design of the seismograph and offered his mentors a way to correct them.
Soon the young professor of Kharkov University becomes famous outside Russia, becoming a regular at international scientific conferences and a member of the Toulouse Academy of Sciences.
Nikolay Pilchikov returned to Kharkov as a university professor, where he created a meteorological station that still exists today. To study the upper atmosphere, the professor developed a stratostat and then a high-altitude spacesuit to equip the pilot. The atmospheric optics researcher created his own seismograph and designed equipment to determine magnetic pressure.
Having moved for some time to Odessa (to work at the Imperial Novorossiysk University), in 1894 the scientist invented an original lamp for the study of X-rays, called “Pilchikov’s focus tube”. The optical and galvanic version of the study of electrolysis developed by him made it possible to obtain images on metal plates – so the inventor became the author of electrophotography or photogalvanography.
And on 25 March 1898, Nikolai Pilchikov demonstrated for the first time a device working with radio waves of a certain length and rejecting interference. During his experiments in Odessa he lit a lighthouse with the help of radio waves and moved a railway semaphore, blew up a yacht and made a cannon fire.
The scientist characterised his contribution to radio physics as follows: while Popov and Marconi were looking for a way to transmit a signal over the greatest possible distance, he was solving the problem of cutting off wireless power transmission from extraneous electrical waves. Thus appeared the first device with a protector – a security filter, allowing only the waves addressed to it to reach the mechanism and protecting the equipment from atmospheric and radio interference. The scientist not only designed and manufactured different types of the first protectors, but also tested them in practice.
With the help of his revolutionary device, Professor Pilchikov made it possible to create radio-controlled mine boats that could sink enemy ships without a crew and fire on enemy targets. In proposing the idea to the Russian military, the inventor characterised it as a way of detonating objects at a considerable distance without cables or other visible communication.
Applying for financial assistance from the military department, Pilchikov planned to spend 15,000 roubles on laboratory equipment, manufacture of devices and their testing with the support of the Sevastopol naval forces. For his part, the scientist undertook to keep the know-how in strict secrecy and not to publish any information about the development in scientific literature. As a result, this circumstance may have contributed to the fact that the scientist’s works disappeared and he himself may have been eliminated.
Military engineers discussed the professor’s petition for research funds with reference to foreign experience. Specialists compared Pilchikov’s achievements with the developments of foreign scientists experimenting with wireless telegraph, to whom the authorities did not refuse anything. For example, Preece was authorised for experiments by the postal department of England, Marconi obtained in 1897 large sums of money from the naval department of Italy, and the Berlin scientist Slaby received aeronautical parks, watercraft and troops of the Potsdam garrison from the Emperor of Germany. Pilchikov, on the other hand, had a much more extensive programme and was naturally expected to produce the most ambitious results.
On his return to Kharkov in 1902, the professor continued his research in the best-equipped physical laboratory of those times, the local University of Technology. He was also allocated a ship “Dnestr” and funds for marine experiments. On the ship in 1903 the scientist equipped a receiving radio station, and on the Chersonese lighthouse – transmitting.
Alas, neither the scheme of those protectors, nor the content of the experiments, nor their further fate are known today. In the archives we found only information about a letter of gratitude to Professor Pilchikov from the Commander of the Pacific Fleet. It was dated the beginning of September 1904. It is clear that in the midst of the war with Japan secret military developments could be of interest to both belligerents. Moreover, other external enemies were also interested in preventing Russia’s military advantage.
Professor Pilchikov’s research competed with American experiments in the Maritime Ministry under Tesla, who was also working on the task of wireless control of a minelayer from the shore. This is a case in science when “an idea is in the air” and the same discovery is independently made by scientists at different ends of the world.
It is believed that the first radio-controlled telemechanical system in the world was developed by Nikola Tesla – he patented and presented an unprecedented ship model in the summer of 1898, but came to the discovery the day before, in spring. And “Russian Tesla” Nikolai Pilchikov tested a similar invention in March of the same year, which was reported in a note in the “Odessa Review”, which for some reason remained unnoticed by the scientific community.
The “two Nicholas” had a lot in common, despite the fact that they lived and created on different continents. Scientists were almost the same age. Both had no family – neither wives nor close relatives. Both were undividedly attracted to physical science – the mysteries of radioactivity, X-rays and lightning. But to Pilchikov did not appear one day George Westinghouse with a million dollars for four dozen patents. And an understanding friend, as Tesla had in the person of Katharine Johnson, next to Nikolay Dmitrievich was not there either…
Being left without further state support, Pilchikov could not complete the work on his wireless protector. In 1905 he left to observe the solar eclipse in Algeria, from where he returned with failing health. Ill-health was aggravated by an acute feeling of loneliness.
1908 was a fateful year in the fate of the scientist. It was the best time of the year, the beginning of May, a time of intoxication with life and romantic dreams. But for Pilchikov, the “delight of nature” had no inspiring meaning: five days before his own birthday, he went to a psychoneurological clinic. And it happened under very mysterious circumstances.
According to police reports, the owner of a private hospital and a well-known doctor I. Y. Platonov received a call from an unknown man on 3 May with a request to hospitalise Nikolai Dmitrievich Pilchikov. It was asked to prepare a separate room where the patient would be alone.
When the professor appeared in the clinic, the doctors saw nothing critical in his condition. He was elegantly dressed, and in his hands held a suitcase with papers. Two days later, a shot rang out in the ward, and the papers were gone. Not a single piece of his war work was found among his household belongings. The blueprints of inventions of world importance, which the scientist had not even had time to patent, disappeared.
Wasn’t the murder then the final fat point in the planned operation? And didn’t the inventor-physicist take with him to the ward what the special services hunting for his military developments were tracking down?
Perhaps it was in the hospital that Nikolai Pilchikov, who had a premonition of trouble, tried to hide from his threatening pursuers? Or maybe they put him there so that it would be easier to realise what they had planned? And who were these mysterious killers?..
We will probably never get answers to these questions. But it is known how the brilliant ideas of the tragically departed scientist were put into practice.
In 1913, the first radio-controlled aeroplane took to the skies. Four years later, a German boat controlled from a plane blew up the quay in the English harbour of Newport. In the same year, 1917, a German ship was damaged by a British minelayer guided from a radio-controlled aeroplane. In 1925 the first mine without wires appeared. And in 1943 the Soviet troops destroyed the Nazi headquarters with General von Braun in Kharkov occupied by the enemy by controlled explosion from Voronezh.
Radio warfare has long been supplemented by radio defence, where the first role is played by devices like Pilchikov’s protectors. Thanks to radio defence, in 1944 the British were invulnerable to German fighters in the Libyan desert. Radio locks of increased complexity are used in satellite navigation and launching systems for space and military rockets. And all responsible radio electronic equipment is protected from interference by modern devices working on the principle of Professor Pilchikov’s protector – the “Russian Tesla”, who became a hindrance to someone himself…
Source: Vyacheslav Kapreljants

Update - court, discovery, jury trial, continuance
31
Mar 21, 2024
ORDER granting Parties' 29 Joint MOTION for Extension of Time to Complete Discovery and To Modify Corresponding Dates in the Scheduling Order. Jury Trial is set for 1/27/2025 before Judge Jamal N Whitehead. Discovery complete d by 9/23/2024, Mediation completed by 10/7/2024, Dispositive motions due by 10/21/2024, Motions in Limine due by 1/10/2025, Pretrial order due by 1/10/2025, Proposed verdict forms, voir dire, and jury instructions due by 1/17/2025, Trial briefs due by 1/21/2025. Signed by Judge Jamal N Whitehead. (KRA)
Main Doc
1 - Order AND ~Util - Set/Reset Deadlines/Hearings
Mar 21, 2024
Motion Hearing
32
Mar 22, 2024
Main Doc
Notice of Appearance

Can someone let me know what does this mean will I be getting my return ? Or it’s over with