RILY B. Riley Financial Inc

Wow, the $RILY $APLD Base Electron $BW trade just got a lot more interesting. Base Electron has confidentially filed for an IPO. Read the actual $APLD guarantee: once Base’s common stock is approved for trading on a national exchange, APLD can terminate its guarantee of Base’s obligations under BW’s $2.4B power project by delivering notice to BW. The release even covers liabilities that accrued before notice. That is a potential balance-sheet catalyst hiding in plain sight. APLD helped launch the project, received 10% of Base, and could end up owning a stake in a public power company while shedding a massive contingent obligation. For BW, the IPO could mean a better-capitalized customer, though APLD’s backstop would disappear. For $RILY, the read-through is its BW exposure. The filing alone does not trigger release. Watch the public S-1, the listing entity, exchange approval, and APLD’s notice. If those pieces fall into place, this is far more than another AI-power headline.

$RILY Wow, back to back massive days. This stock will be back to $5.50 by mid November at this pace. Just unprecedented performance. Maybe Bryant should get a 20m bonus for Q3. Forget about the dividends and debt, just make sure that man gets paid.

$RILY The lazy take is RILY paid a 47% premium for a shrinking telecom. Smart take: the “collapse” is mostly optical. Revenue fell from $237M to $200M, but $28M vanished because Sangoma sold VoIP Supply, a low-margin hardware reseller. The continuing business declined only 4% while service mix jumped from 82% to 92%. RILY is buying the cleaner recurring-revenue core after the junk drawer was emptied. Zoom out. BRC invested $303M across five telecom acquisitions and has already pulled out $411M in cash while still owning them. That’s not synergy fan fiction; that’s a receipts folder. Sangoma adds 100,000+ customers, 2.7M seats, 70% gross margins and a history of $30M+ annual FCF to that proven machine. FY26 was ugly for Sangoma, EBITDA fell to $28.7M, guidance was cut, the ERP botched revenue recognition and new debt adds risk. But RILY is buying after the stumble, not before it. Market sees falling knife. Riley sees sticky customers, cash flow and a chainsaw opportunity. Cut the fat.

$RILY The question, do you sell at open tomorrow knowing they will get this to close just below $5 - or do they let this run up a little more and finish the week well above $5?

$RILY I'm starting back in. Here and lower should have a return that's not too long away. It could go to $4.5, but could also flatten out here. Not sure at this point.

$RILY Getting a day like today is like getting anniversary head from your wife... Oh well, back to the dead bedroom for us for the next 6 months.

$RILY expecting a ~200M loss from trading/investment losses for Q3 due to BW primarily but not buoyed substantially by anything else. Gonna be a nasty 10Q in 2 months but the bigger story line is if they're able to address debt check points. still grossly undervalued IMO. $20/sh by Jan 2029 if not sooner

$RILY I went for being way up to loosing money on this crap! How long is this going to stay down for? It’s so undervalued but geez seems like it’s on purpose.

$RILY i thought the days of waking up to a shit storm was in the past. 40k dip with my morning coffee.....wtf

$RILY some weird dark pool activity going on or something. $BW and $RILY volume were both fairly low intraday and there were some massive blocks traded right before close it looks like. Anyone have any idea?

$RILY BRC Group Holdings Seeks to Repurchase Minority Shares of B. Riley Securities and Combine B. Riley Securities with B. Riley Wealth Soon.

$RILY crazy, lunch done & still the Algo’s haven’t pushed this thing < $5.0 yet & looks like maybe 2k of the 5k uncovered $5.0 calls for today have been closed so far

$RILY I am hoping that being a financial firm, they hedged the downside on BW and other stocks they own out about a year when the stocks were high..... if they did that it would be great... We need consistant updates from them. I think that buying that company is smart and they already with the cash they gotten from the others paid for that... now address the cash flow from that alone moving forward. One good thing is they are getting rid of more debt.... let's see how they address it.

$RILY So Bryant is sitting on a $42M+ paper loss since the May high, yet shareholders have gotten virtually nothing from him in terms of a credible plan to protect shareholder value or explain how he intends to turn this around. Meanwhile, he stays quiet while collecting roughly $12M YTD in compensation/bonus, as shareholders have watched the stock get crushed by roughly 60%. At some point, shareholders deserve more than silence from the guy running the company. If Bryant has a plan to restore shareholder value, it's time to tell us what it is.

$RILY I have seen before where the Shorts/Algo’s push this stock way down just before some good news comes out to push it higher since the turnaround became evident 2Q25, but given that 3Q26 going to have a large unrealized loss from $BW alone, not sure anything can help this time… GL bulls, hopefully, this garbage CEO does someday let value accrue to shareholders & not all just to himself

$RILY Maaaan if they’ve got the ability to buy a ~200 million dollar company then they should true up the preferreds.

$RILY Honestly don't get the excessive shorting here. Its not a bad company.... Really odd imo.

$RILY To think I could’ve sold months ago at 11 or anything above 8… This has become a tough hold. Don’t see much upside for this stock again for a long time. Horrible do nothing CEO

$RILY Someone about 3 times a week hits the ask on either RILYP or RILYL after hours sending it up a couple of bucks. 🤷🏼‍♂️ Go figure.

$RILY If true, could help reduce uncertainty around Rily’s biggest holding. These lawsuits are often completely baseless but they still cause some FUD. BW up over 5% so maybe better days finally coming for us.