Tangent: Still No New Q2 Losses Disclosure Date, For Hapless Riot Platforms?!

We will know in a few days whether Starboard Value has exited this position.

In truth, it was one of the smaller positions that the hedge fund had taken, as an activist.

But if the activist Jeff Smith still holds shares of Riot, he cannot be remotely happy that on essentially no notice the company tanked its Q2 results call.

And that it hasn’t scheduled a new date. Trust that if they are still a holder over 3%, they are pressing Mr. Jason Les — for a new date (soon he will be out of compliance with SEC disclosure rules anyway).

No sensible hedgie wants to hold — without end — while staring glumly, into a black box.

Out.

नमस्ते