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  "documentTitle": "B. Riley Financial, Inc. (RILY)",
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      "text": "Nearly 40% of the operating companies in B. Riley Financial, Inc.’s 13-F either issued going concern warnings or discussed going concerns in their respective Q3 2022 10-Qs.",
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      "text": "RILY disclosed that it has assumed a massive risk and guaranteed up to $110 million in debt for a related party, Babcock & Wilcox (BW)...",
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      "text": "RILY has another $98 million in loans with Arena Group Holdings Company (AREN)...",
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      "text": "The losses from GREE, XELA, and BRIV are the most imminent problems facing RILY, however we see plenty more trouble ahead for RILY:",
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      "text": "If RILY's tangible assets weren't bad enough, we believe more than $200 million of its goodwill and intangible assets should be written off...",
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      "text": "Another near-term negative catalyst for RILY is the loss of $175 million that will be wiped off RILY's balance sheet if its SPAC BRPM 250 (BRIV) liquidates on May 11th...",
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      "text": "RILY began leaning into a hybrid security known as \"baby bonds\" to raise $1.227 billion of additional capital in 2021...",
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