This is a 500x bagger - Deep dive and update on the $RILY situation
Posted: Apr 03, 2024
- Reddit user believes that $RILY (B Riley Financial) is undervalued and presents a major trading opportunity - Negative sentiment and allegations of fraud have been investigated and cleared by a reputable law firm - Short interest in the stock is high at 230%, with potential for a short squeeze - CEO has cash for potential buybacks, insider trading is positive - SEC filing delay is due to administrative problems, not wrongdoing - Bank and auditors show confidence in the company's financials - Target price is $60, user's positions include shares and call options.
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