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https://www.miamiherald.com/sports/college/acc/university-of-miami/article277883558.html Not great.

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All of that is on point, and we're in agreement on it. But I was responding to the comments that Ruiz owns some kind of patent on a proprietary software/tool that identifies valid claims that he's selling to the market at large. That's not the business. Again, I have no doubts that Ruiz has an...

What's the issue? Where am I wrong?

Again, and I repeat, the PRODUCT IS NOT THE SOFTWARE/ALGORITHIMS. The company makes money on its 20% cut of identified claims that ultimately recover, i.e. the firm being taken public generates its revenues not from the sale of the software/tools, but on the money the firm makes farming the...

Ruiz does not own a patent to software/any claims identifying tool. The valuation of the company is based entirely on the 20% cut he gets for identifying claims. At that math, Ruiz is effectively stating that he is in possession of $175 billion in claims against insurers that he can farm out to...

Put another way, Ruiz identifies misallocated claims, farms out the work of recovery to outside firms, and takes a 20% cut of any recovery. THAT is what he's using to value the company in the billions -- and how he gets around the fee-splitting issues.

No he's not. The company is pointing to the value of the CLAIMS Ruiz may recover under the MSP Act to value the company in the billions. This is straight from the article I linked and Ruiz's own words. Ruiz is very clear that the value of the firm is " the value of the claims his company...

I absolutely respect Ruiz, both as a person and as an attorney. My concerns have nothing to do with his character, and relate simply to the fact that I'm not sure the huge money being thrown around is real. He has enough background success to provide the deals he's given so far. This more...

Probably what I'm suffering from, too. Anyways, I hope I'm wrong, the SPAC deal closes, and none of this ends up mattering.

Ruiz is an incredibly successful lawyer. But that doesn't put you in the "let's build a stadium using my own funds and buy the Miami Dolphins" territory. If that were the case, David Boies would be the richest man in America.

This is partially correct. The "proprietary software" is not his product. He will not be selling it. It's simply a way of locating claims. Second, the MSP Recovery Act is rear-looking. Basically, Ruiz's value is in the claims he's pursuing in which insurers are on the hook for payments already...

He's not though. If the SPAC deal doesn't close, this is all noise.

Good to see other attorneys on the board! My concern is the narrative that can be used against UM if everything falls through. "Don't go to Miami. Those NIL deals are fake news." I'm of the mindset that you should walk softly but carry a big stick. The opposite seems to be happening here...

Ruiz doesn't own a patent. He has no physical product to sell. The value of his firm is that he files claims against large insurance companies who should have been charged for money paid by Medicare. Those claims are valuable, but they aren't revolutionary, and I have a hard time seeing how...

Right. If the SPAC deal closes, it's really money. But it hasn't yet, and the valuation seems entirely unrealistic for that to actually happen. Believe me, I want it to. I respect Ruiz and the niche he's found in the legal market. But it's just a niche; he's not sitting on some kind of...

My main concern is that either he's writing checks he's ultimately unable to cash, which makes the program look terrible at a time when they're trying to be out in the forefront of NIL deals (and which could impact recruiting). I'm really not trying to be alarmist. It's just something that has...

Before going any further, I'm absolutely loving what the guy is doing for the program, and hope that it continues. This isn't an attempt to **** on a guy who clearly loves the Canes and is doing all he can to make UM into the power it was in its heyday. But...is anyone else worried that it's...