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  "documentTitle": "B. Riley Financial, Inc. (RILY)",
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  "authorName": "Wolfpack Research",
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  "presentationDate": "2023-02-14 00:00:00",
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  "notes": "The slide uses a side-by-side comparison of 10-Q excerpts to point out the removal of compliance language.",
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      "text": "In its Q3 2022 10-Q, B. Riley Financial (Nasdaq: RILY) abruptly stopped assuring investors that it was in compliance with the covenants of two credit agreements – its $380 million Nomura credit agreement, as well as its $75 million BRPAC credit agreement.",
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      "text": "In its Q3 2022 10-Q, B. Riley Financial (Nasdaq: RILY) abruptly stopped assuring investors that it was in compliance with the covenants of two credit agreements...",
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      "text": "RILY's position has worsened significantly since Q3 2022, as our analysis indicates its total cash and investments, net of debt, have fallen by another $350 million due to the collapse of FAZE.",
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      "text": "Document Comparison: RILY 2Q22 10-Q vs. RILY 3Q22 10-Q",
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      "text": "Nomura Credit Agreement RILY Q2 2022 10-Q compared to RILY Q3 2022 10-Q",
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      "text": "Has RILY Tacitly Admitted to a Breach of Covenant?",
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      "kind": "title",
      "text": "B. Riley Financial: Skeletons in the Closet",
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