LIFW

he has deeper problems that
The reverse split did NOTHING to impact the basic fundamental operating facets of the company. Theoretical "recoveries" from the "recoverable inventory" have proven to be significantly more costly that the net funds recovered. Never improving. How long with Ruiz & partner cover the $125 million or so annual operating losses by loaning money to the "company"? Appears to have been strictly a high stakes gamble that failed.
he has deeper issues than the above. much deeper.

Yours truly,
Deep Throat
 
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I assume that it is related to this

Nasdaq Has Informed the Company That a Bid Price Deficiency of its Stock Has Been Cured

CORAL GABLES, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced it received correspondence from Nasdaq on Oct 27, 2023 that the Company’s previously disclosed bid price deficiencies have been cured, and that the Company is now in compliance with all applicable Nasdaq listing standards.

As a result, the scheduled hearing before the Nasdaq Listing Qualifications Hearings Panel on November 2, 2023, has been cancelled. The Company’s Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with applicable Nasdaq listing standards.

LifeWallet has also announced it will hold its 2023 Annual Meeting of Stockholders at 10am Eastern Time on Wednesday, November 1, 2023.

 
I assume that it is related to this

Nasdaq Has Informed the Company That a Bid Price Deficiency of its Stock Has Been Cured

CORAL GABLES, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced it received correspondence from Nasdaq on Oct 27, 2023 that the Company’s previously disclosed bid price deficiencies have been cured, and that the Company is now in compliance with all applicable Nasdaq listing standards.

As a result, the scheduled hearing before the Nasdaq Listing Qualifications Hearings Panel on November 2, 2023, has been cancelled. The Company’s Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with applicable Nasdaq listing standards.

LifeWallet has also announced it will hold its 2023 Annual Meeting of Stockholders at 10am Eastern Time on Wednesday, November 1, 2023.

For those of us who don't live in the investment space, what does this mean long-term? Seems like a move in the right direction.
 
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