With $spcx and $bw at current prices, net debt at $Rily is now under $250 million, also including the debt exchange. Russell 2000 add next week and capital markets on fire - $rily should be at $25+
$bw opens at $18.5 tomorrow and $Rily over $10. Both are getting added to Russell 2000 next week so I expect heavy front running on both that takes them to $25 and $18 respectively
$Rily Russell 2000 add is next Friday, the share purchases by the Russell index will be around 2.5 million shares as a forced purchase into the equity. Considering the tradeable float, short interest and low daily trading volume, the Russell add will have a massive impact
$Rily Claude's estimate on how many shares will be bought for the Russell 2000 add in two weeks. You'll regret not buying next week, this type of volume for Rily will move it huge
$ddi seems an update to the takeover has leaked, $Rily will monetize nearly $60 million in holdings with this. I expect they will sell their $spcx allotment for around $100 million and then Russell 2000 adds them to the index in two weeks. $Rily is about to explode
$rily gets added to Russell 2000 index in two weeks, Claude estimates roughly 2 million shares will be added. Considering the illiquidity and low float, I expect a monstrous rally in the next 10-14 days