Streetbeat News

LADX

LadRx Corp

http://www.cytrx.com/

CEO

Steven Kriegsman

Employees

Industry

Biological Product (except Diagnostic) Manufacturing

Open

1.51

Mkt cap

975K

Volume

828

High

1.99

P/E Ratio

-0.34

52-wk high

3.50

Low

1.51

Div yield

N/A

52-wk low

0.46

The Bear Cave Newsletter has issued a report on Axos Financial (NYSE:AX), raising concerns about the company's culture, loan portfolio, and crypto ventures. Axos, previously known as Bank of Internet, has been criticized by short-sellers for various risks. The report details Axos's history of 'exception-based lending', its ties to high-interest small business lenders, and its relationship with B. Riley (NASDAQ:RILY), whose CEO recently sold stock to meet a margin call. Axos's auditing history is also questioned, with its current and past auditors having limited experience with public companies. The report suggests that Axos's business model may carry risks similar to those that led to the failure of NetBank in 2007.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:34 pm

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