B. Riley Says "A Simple UCC Search Refutes Any Notion That These Shares Were Double Pledged; This Report And The Continued Falsehoods Being Perpetuated By Short Sellers Are Clear And Transparent Market Manipulation"
Portfolio Pulse from Benzinga Newsdesk
B. Riley refutes claims of double-pledged shares, accusing short sellers of market manipulation. A UCC search is cited as evidence against these allegations.
February 15, 2024 | 5:56 pm
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B. Riley strongly denies allegations of double-pledged shares, pointing to a UCC search as evidence, and accuses short sellers of manipulating the market.
The strong denial by B. Riley and the citation of a UCC search as evidence against the allegations of double-pledged shares could restore investor confidence in the company. Accusations against short sellers might also shift market sentiment positively in the short term, as it portrays the company in a proactive and defensive stance against market manipulation.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100