After a completely inexplicable one week unscheduled delay in loss results… finally, the tale will be told by tonight.
But just as its ’34 Act company peer Marathon posted a hideous Q2 a few days ago, Riot will likely post the worst quarter in its hapless history, this evening.
It will likely have lost more money this quarter than last quarter — its prior all-time worst quarter. The stock is off almost 5% on the morning — and trading with a $19-something handle, now. [Didn’t TaTech predict a… $50 handle, before it ever hits $10, again?! Heh.] Remind me: is $20 closer to $10… than it is to… $50?
Hilarious. See you this evening.
नमस्ते