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  "documentTitle": "B. Riley Financial, Inc. (RILY)",
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  "presentationDate": "2023-02-08 00:00:00",
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  "notes": "Includes a Bloomberg stock chart for XELA showing a 99.59% decline.",
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      "text": "We were able to find seven companies in RILY’s loan book as of the end of Q3 and every single one of them had significant red flags about their ability to repay the loans they took from RILY.",
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      "text": "Exela Technologies (XELA) which we discussed above issued a going concern warning in May, 2022 and failed to make interest payments to another creditor in January. As of Q3 2022, XELA still owed RILY $75.8 million.",
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      "text": "On RILY’s 3Q22 earnings call, Chairman and CEO Bryant Riley disclosed that RILY’s corporate loan book was about $437 million... We were able to reconstruct much of RILY’s loan book and are not surprised that the CEO did not elaborate.",
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      "text": "There is, some that are bigger, some that are smaller. There's some that we never think about and there some that we think about every other day.",
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      "text": "“There is, some that are bigger, some that are smaller. There’s some that we never think about and there some that we think about every other day.” — Bryant Riley, Chairman and CEO",
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      "text": "RILY’s Biggest Risk is that Much of Its Loan Book Appears Headed for Bankruptcy:",
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