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Stock impact report

Riot Blockchain Is Running Out Of Cash [Seeking Alpha]

Riot Platforms, Inc. (RIOT) 
Last riot platforms, inc. earnings: 8/8 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.riotblockchain.com
Company Research Source: Seeking Alpha
Summary With news of Riot Blockchain ( RIOT ) CEO and Chairman John O'Rourke resigning in the face of SEC fraud charges , the question now becomes what happens to Riot. First, it warrants clarifying that RIOT itself was not charged in the SEC case, although the main controlling parties of the company were charged (the previously largest shareholder Honig and the CEO and Chairman O'Rourke) and Honig and Riot's lawyer, Kesner, recently left his firm and was removed as a named partner of his firm. So, it certainly looks bad for Riot, but for purposes of this article, I will assume that Riot itself can continue unaffected by the SEC case. June Balance Sheet But where does this leave Riot? Looking at the balance sheet first, we see the following current account items as of June 30, 2018: Current Assets Cash and cash equivalents $1,654,000 Prepaid contracts $2,585,000 Prepaid expenses and other $318,000 Digital curr Show less Read more
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