OriginalCanesCanesCanes
All-ACC (#1 most reproted porster on CIS)
- Joined
- Feb 7, 2013
- Messages
- 35,302
Initial valuation was $33-35 Billion. That is a SPECULATED VALUE based on future earnings of the company. Ruiz owns 70% of the stock. A very small % of the total stock was sold and it couldn't support the initial "strike point" price. If the rest of the stock were put on the market for sale the price would plummet and it would become a penny stock in a second. He is NOT worth $20 billion based on the value of his 70% ownership ... if you tried to sell it on the market.
His course of action is to focus 100% on the MSPR operating company in order to GENERATE REVENUE and EARNINGS in line with the projections made in his securities registration. THEN the market value will improve on the current shares that are being traded (float), potential increase significantly in value, and the potential will then exist for him to sell additional stock from his holdings in order to "take out cash". Right now it's all on paper and MSP needs to perform from an operational standpoint.
Right, this is what that clown on Twitter didn’t understand. First of all the stock price drop yesterday didn’t affect any average investor because an average investor isn’t going to be even looking at this. Secondly, from this point forward, it’s all about whether this company succeeds in its business model or not. In any event, as it stands right now, Ruiz has enough money, and plenty to spare, to fund many ventures including NIL. And that’s all I care about.