On February 29th, RILY announced fourth quarter results. More importantly, RILY announced that it would file a 10-K/NT, indicating that its completed 10-K would be filed late, but within the next 15 calendar days.
Rightfully, the stock reacted negatively. Management couldn’t figure out a way to get an audited 10-K out to investors within the first 75 days of the year- totally embarrassing for a public company. On the 15th of March, the company put out *another* filing, indicating it *still* couldn’t get its 10-K filed. Unbelievable! RILY did an investor relations full court press to remind investors that the company would continue to work with auditors (Marcum) to get the 10-K filed and regain compliance.