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B. Riley's stock plunged over 50% amid ongoing SEC investigations. SEC probes loans linked to former CEO Brian Kahn amidst financial irregularities. B. Riley suspended dividends and projected significant losses due to weak consumer spending. Potential bankruptcy of Franchise Group raises concerns over B. Riley's financial stability. Short sellers target B. Riley, predicting the company's downfall.
- B. Riley's stock plunged over 50% amid ongoing SEC investigations.
- SEC probes loans linked to former CEO Brian Kahn amidst financial irregularities.
- B. Riley suspended dividends and projected significant losses due to weak consumer spending.
- Potential bankruptcy of Franchise Group raises concerns over B. Riley's financial stability.
- Short sellers target B. Riley, predicting the company's downfall.
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