It’s all about having the money to support his varied programs and business ventures. MSPR has $200 million in long term debt and is losing serious money. How long will Ruiz fund a losing company if it doesn’t turn profitable in the next year or so?? No guarantees.Why wouldn’t he? His short term obligations can’t be dependent on his share price, unless you know something that I don’t. His current commitments are short term. His company’s success or failure is a long-term bet.
This is my concern on all this , i.e. cart before the horse? I love his confidence and the fact he's on our side, but he's running a public company now (albeit one w a very small float) and all that comes with that responsibility. And the comparisons to other stocks of established companies with strong balance sheets and cash flow, don't give me a lot of comfort.The concern is that he WILL continue fulfilling NIL commitments already made. His company needs to show that its cost of producing recovery revenue is profitable.
I am pretty sure he knows what he is doing.It’s all about having the money to support his varied programs and business ventures. MSPR has $200 million in long term debt and is losing serious money. How long will Ruiz fund a losing company if it doesn’t turn profitable in the next year or so?? No guarantees.
It’s all about having the money to support his varied programs and business ventures. MSPR has $200 million in long term debt and is losing serious money. How long will Ruiz fund a losing company if it doesn’t turn profitable in the next year or so?? No guarantees.
This is my concern on all this , i.e. cart before the horse? I love his confidence and the fact he's on our side, but he's running a public company now (albeit one w a very small float) and all that comes with that responsibility. And the comparisons to other stocks of established companies with strong balance sheets and cash flow, don't give me a lot of comfort.
He might want to lay a little low for a while and validate his business model with improving recoveries, financials, etc. He's an attorney, so, he knows he also has to be a little careful on what and how much he tweets, to avoid running afoul of the SEC and his minority shareholders.
Ruiz’ idea and business concept was always based on projected future income, not current profitability nor current stock price.
I’m sure some of the people upvoting your post are doing so because they think this means he’s failing. He’s not. All that means is they are as stupid as Florida gaturd and Forfeit State fans.
His failure or success will not be determined anytime this year.
But I’m not cheering against this guy. I hope he ultimately succeeds, but whether he does or he doesn’t, at the end of the day, as long as he keeps signing those NIL checks I wouldn’t even worry about it, especially since he’s not the only one that will be securing NIL deals, he’s just the most vocal one.
Is this a legit term in this world or did you come up with that on your own?It looks like it’s Schaivo’ing at $1.38 a $1.44
I think this is the entry point of you believe long term.
OCCC, to be fair, we do not know if he is or he isn't. Also, there's a reason he's the most vocal, because he has the businesses where NIL are highly relevant and clearly legitimate. The other donors will have to make sure their models work within the NIL rule set.
His approach to raising capital is bleeding edge. Fingers crossed his big data set and AI/ML claims are all as robust as advertised. This will be a wild ride either way.
He isn’t the only one.
Not trying to create any storm, as I hope his company is wildly successful. My only point was the focus of his energy, talent and communications in the coming months and years (and I am sure he can juggle several things at once).His current NIL financial obligations are basically peanuts compared to all his other financial obligations. Who cares how he runs his company or even if it succeeds or not, although I want it to, you guys are trying to make it like he’s not even going to pay his current NIL obligations.
So you’ve got no empirical data to show this, but you’re trying to create the storm of doubt regarding his current obligations.
Amazing so many here want him to fail. Sad.
Not trying to create any storm, as I hope his company is wildly successful. My only point was the focus of his energy, talent and communications in the coming months and years (and I am sure he can juggle several things at once).
Let his kids or someone else run and communicate the NIL stuff, while he and his GC win the lawsuits, crank out the recovery revenues and turn the company into a multi-billion dollar enterprise value company.
No argument there - I never said he can't meet his commitments. I just hope he doesn't get out over his skis w his public persona, given he is now a CEO of a public company w a stewardship responsibility to other shareholders, e.g. I doubt they care about NIL when their share price is in the crapper.His company’s long-term success is irrelevant to whether he can pay his current obligations to current NIL recipients.
We literally have people saying he won’t even be able to pay that.
Actual Miami Hurricanes fans supposedly. You would almost think they were trolls from another team.
Rooting for him to fail??? You're inventing that. I am LOOKING at his financial situation. His NIL commitments are deals committed to and funded by a division of MSPR ... Life Wallet. What DOES have a bearing on the viability of his company is the company's ability to produce a profit. I have no idea what John Ruiz has for annual income ... but the financials for MSPR indicate that it could be losing close to $60 million dollars for 2022 after having lost $33 million or so in 2021 and currently having in excess of $200 million in long term debt. That is a company that had total REVENUE in 2021 of $8 million dollars. Very unusual for a company with only $8 million in revenue to have over $200 million in debt. This is NOT a normal business start up or expansion. There are red flags (and red ink) everywhere ... and my concern is that in some manner it impacts UM negatively. I certainly hope that there are OTHER NIL options that come to the forefront soon so that other programs aren't using this company's poor performance as a negative recruiting tool against UM.You’re making no sense. In the next year or so his current short term obligations to current NIL deals end.
Maybe he will be able to make future NIL deals or maybe he won’t. But that’s not what you’re saying.
Again we’re talking about short term debt here. It almost seems like you’re rooting for him to fail. This was never about his ongoing stock price.
It sounds like you’re literally rooting for him to go bankrupt, but either way, the stock price today, tomorrow, the day after, or next month - unless it literally goes down to a penny - has no bearing on either the long-term viability of his company, which is irrelevant for his current obligations anyway, nor him fulfilling his current obligations.
How can you have actual concerns about him fulfilling his current NIL deals?
Tell me exactly why you think he will not fulfill his current short term obligations.