It’s almost like some of our own fans want him to fail….
I agree and that is likely why John seems so relaxed. Lionheart keeps sweetening the deal and they brought in Cantor to help get it done.
We haven't won in so long a large portion of the fans forgot what it feels like so they get off on being able to tell other fans "I told you so" about the team & that's all sports is for them.
This 100%
I've been saying it since forever. This board is littered with stealth noles and gators.
It was cringe when I first saw the title and ordinarily I’d lock something like this but you’re right… they deserve the receipts and it stays open accordingly.
According to the article I read in a legal publication his worst case scenario is that he simply continues to OPERATE MSP Recovery. Currently has 150 employees including roughly 70 attorneys. He believes that the $33 Billion valuation of the company is understating it's actual worth as an operating entity. The business segment the company is focused on "recovering incorrect insurance payments from primary payers and channeling those funds back to the US Government ... medicare and medicaid ... with a 20% service fee" is a huge dollar volume activity. Based on the modeling and ACTUAL insurance mis payments that he has been able to track using his proprietary software and attorneys ... he has projected annual revenue for MSP Recovery of $3.1 billion in 2023 and increasing to $23.8 Billion by 2026 ... which would make it the largest revenue law firm in the country. They had stated that the "inventory" of mis-paid insurance that they had documented as of last July exceeded $50 Billion dollars. Those mis-payments continue on a daily basis by the US Government so it is like a "renewable" source of business for his company. Will be interesting to see how it all works out.
Yes they do.... They wanna scream "I told ya so" so bad... Freaking sad mentality some people have... Thank God we have an ignore feature to make their nonsense disappear...
Projected revenue are the key words. How much revenue today?
It's more than a story. MSP Recovery is investing huge amounts of money, technical time, and staff attorney time, in building what they call their claims recovery portfolio. There might be many smaller, independent entities involved in tracking payment issues in the healthcare industry but I really doubt that there is any entity with the staffing and focus that MSP has marshaled over the past two years. It takes a very specialized legal expertise to go after the large insurance companies that end up being the focus of these "recovery activities". The US Government is the "agency" that has made payment in error ... and we all know how efficient the US Government is (or is not) in tracking anything. If you believe that MSP and it's current activities, business plan, and potential revenue stream are simply "a story" you are significantly underestimating what Ruiz is in the process of building. Now he might not be anywhere as successful in the execution phase as they are planning, but even if they are significantly short of their established goals, there is a very good prospect that within a few years it will be a firm with annual revenues in excess of $ 1 billion.
