Shares of RCI Hospitality (RICK) have been under significant pressure over the past year or so, after “a series of negative articles about RCI was anonymously published in forums associated with the short-selling community.” I suppose this refers to the report I published with the help of a fellow investor in June of last year, and my follow-up I published in October of 2018 that built upon prior concerns with strong circumstantial evidence to suggest that the company was violating SEC regulations.
While other contributors may excuse management’s behavior because they