The Friendly Bear said on X, formerly known as Twitter, that, “BREAKING NEWS: (B. Riley Financial) $RILY for the first time discloses that they have over a $200MM loan to Brian Kahn on top of $280MM in FRG. This was highly material and undisclosed. It’s supposedly secured by $FRG as our research confirmed. Why was this never disclosed?” The tweet included a photo with the disclosure made during the company’s Investor Day.
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