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Whew doesn't do the bleak report justice. Total revenue of $7.7 million?? For FY 2023. Long way from Billions. Operating loss of $559 million, adjusted to $82.5 million by taking out non cash claims amortization. Total shares outstanding a minuscule 8.9 million shares. There is "0" operational...

What’s funny is that the float is only about 11 million shares - so the entire float was turned over 3 times.

So then Ruiz will BUY Tropical Park and build the stadium.

And it is still over valued vs performance. Ouch.

And that was a totally meaningless extrapolation. Most Fortune 500 companies "calculate" market cap based on shares being traded and held by investors ... aka "the float" not total shares authorized and primarily held by company insiders. In the case of MSPR the initial trading price of $10.00...

You're wrong ... there was 1:25 split YOU DIVIDE THE INITIAL PRICE BY 25 NOT MULTIPLY ... you must be an FSU grad. The INITIAL PRICE WAS $11.50 THAT IS FACT ... history ... that is what it went public at. THEN the price declined and they did A REVERSE SPLIT ... every 25 outstanding became 1...

???? MSP Recovery did their IPO on May 24, 2022 at $11.50 per share. Rebranded the company as LIFW in January 2023 and the stock price kept declining due to continued operating losses and was on the way to being delisted due to being under a dollar in trading price. On Oct. 13, 2023 they did a...

It was almost like a story out of Miami Vice when he bought Cigarette Racing.

Just checked Yahoo Finance LIFW ... current float is only 2.12 million shares. Minimum quantity of shares required to be NASDAQ listed is 1 million ... so they can ONLY do a 1:2 reverse split and still meet the bare minimum listing requirements. The last one they did in September was 1:25.

That's been his entire issue. "Theoretical" recoverable assets are one thing (his "inventory" is a few hundred billion worth), but the COST of recovery so far has dramatically outweighed the funds recovered.

ANOTHER reverse split? There would be hardly any stock left trading. Need to have SOME earnings or change the business model.

Projected revenue $792 million, actual $440K. Off by 99%. Ouch.

Simple math ... look at Nasdaq ... they STATE the market cap and it is based on 13.3 million shares of post split shares outstanding ... they show market cap later today at $1.6 billion ... nowhere near the $40B that BishopEli had stated.

The point is the number of outstanding shares was reduced significantly by the reverse split. As per the LIFW announcement on 10/03/23 "immediately after the reverse split becomes effective 13.3 million shares of Class A common stock will be outstanding". That volume of outstanding shares IS...

You're wrong on the Market Cap. The shares by Ruiz et al were also impacted by the reverse split so total shares outstanding were reduced. Market cap TODAY based on the $15 share price is $2.10 Billion ... which is also bs because there is no way the market would support the added shares being...

I guess you missed the part where a few weeks ago ... in order to avoid being delisted by NASDAQ ... LIFW executed a reverse split 1:25 ... meaning that every 25 shares of common stock outstanding would be converted to ONE share of new common stock. So if you bought 25 shares of stock originally...

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...

Ahhh, his revenue projections were just a tad optimistic. Any judge would ask "did you actually read the offering prospectus? You STILL bought? Case closed".

Effective 10-13 LIFW executed a REVERSE STOCK SPLIT 1:25 meaning that 25 shares of originally issued class A stock would be converted to ONE share of new Class A common stock with the result that there are now a total of 13.3 million shares of LIFW stock outstanding and being traded ... that is...

Can we use the $10 a share value on current stock to buy back our GOR?