MSP is pre-revenue. It's not a good time to be pre-revenue. Once they start flowing next year they will get a proper valuation based on forward PE. Right now there isn't enough liquidity out there and certainly no appetite to be early on pre-revenue ventures.
This stock price dip affects Ruiz... not at all. He is the majority shareholder and his firm will take a 20% rip on all recoveries. He's not trying to exit. People think he's wealthy now? Lol. He could end up top 25 in the world by then. Revisit this in 3-5 years when things are flowing.
Regardless, before this deal he was a billionaire from what I understand, NOT including MSP. Now there is an actual market valuation, he is worth close to $10B. And Gators think there is something to gloat about.
The only thing that matters is that John Ruiz can do whatever he f'ing wants in this word right now. Buy a widebody 767 and turn it into one of the nicest PJs in the world? Check. Hire over 100 UM kids to promote Life Wallet? Check. Buy a $50M Gables Estate Waterfront estate/resort? Check. Buy the Dolphins? Buy the Marlins? Build UM a stadium? Surround UF with homeless shelters? All easily within his financial capabilities.