When's this John Ruiz CEO going to address shareholders.... he's constantly acknowledging his Life Wallet team and Athletes on X... That's all fine. I want to see continued progress and plans moving forward to get revenues up and debt down... Plans to address Naked shorting.
John H. Ruiz, (CEO LifeWallet & CEO Attorney At Law:
note: @LifeWallet has not missed a single payment to any player that signed and NIL deal .
I have hope for my investment in this ticker to grow yet... everything is down with high interest rates globally. You can't blame one company for the effects of being married to the Central Bank and Federal Reserve...
Gotta hold the Crooked bankers and politicians to account first... People need to increase their education in the world's crooked financial systems.
If it continues to close higher each day even if by .30 to .50 cents per day. It will eventually trigger a mini squeeze of the small fish ie; retail shorts, which may cause a slightly larger squeeze into 8-12 range. If the CEO and his affiliates start/continue buying up more shares to push this bad boy up. It could get back to 20s with especially the with news and that typical stupid FOMO buying. It ain't gonna be one of those amc/gme/hkd rips...
But for now, one thing is for sure, fundamentals are trash. They do have a good business model. If they make careful business decisions, this can hold $20-30+ as most of the float is owned by the founders.
This doesn't trade like a 138 million OS, that is for sure. It trades very thin.
Share offering will kill it to sub dollar, let's hope this bastard has some money up his sleeve or plans to bring in more revenue. At present i don't see it.... just mini squeeze potential for flip traders...
Drop that news of more contacts already.... Papa needs a run. Those .0050 warrants can't stay sub penny forever. Willing to wait 2 months + then back to OTC. all the golden oldies of 2021 will pop each at its own pace. Although the runs and extents of those runs may be shorter... Dpls for example may not see .2020 again for a while with that share structure, but WDLF, TGGI, TPTW, DPLS will break through .01s once again.
Still a float of 138 million shares of which the founders hold the majority, which is why it still trades thin...
With one more reverse split of 1-10... it would trade even thinner and long investors would have a stronger handle in keeping the shorts at bay
But with their massive debt, they need MORE SALES, more licensing deals, and less convertible loans... those convertibles always get used to short and kill momentum and double dip for the blood sucker lending parties
Last time bottom was $1.05... the equivalent of .0420 Pre split.... $3 is the equivalent of .12 cents... it can definitely go back below $3... but for how long... it will run. Shorts will get trapped and roasted until it sets higher lows...
Or they may run up everything after tax quarter is over wouldn't that be ideal to keep capital gains low and make profits accordingly starting fresh from Q1?
One thing is for sure, the recession will be a big one, so those who can are making whatever they can off the house of cards.
They're just running back into the house while it's on fire to get the jewelery, the expensive paintings, the furniture, so to speak.
Absolutely. Sitting 50% down on the warrants, averaging down... .0050s is a joke for Nasdaq ticker warrants
Shorts taking advantage of pump and dump and loss of interest based on shitty earnings... but opposition will invest a 20-50 million to make a few million and run this up once more yet.
Who knows, I'm not saying buy. I'm speculating
ceo is a multi millionaire, he bought up additional shares around the dollar mark... What's stopping him and other insiders from buying up more to keep the price up and the shorts at Bay.
Or he just 10×d on his recent purchase of 467k shares, made a few million and sold out... That wouldn't surprise either.... drive the price down rinse and repeat lol
CEO and 10% Owner John Ruiz Buys 467,290 Shares of MSP Recovery Inc (LIFW)
October 27, 2023, 8:02 am
On October 26, 2023, John Ruiz, CEO and 10% owner of MSP Recovery Inc (NASDAQ:LIFW), purchased 467,290 shares of the company. This move is significant as insider buying can often be an indicator of a company's future performance.
Who is John Ruiz?
Warning! GuruFocus has detected 4 Warning Signs with LIFW.
John Ruiz is the CEO and a 10% owner of MSP Recovery Inc. He has a long history in the healthcare industry and has been instrumental in the growth and success of MSP Recovery. His leadership and strategic vision have been key factors in the company's success.
About MSP Recovery Inc
MSP Recovery Inc is a leading provider of healthcare recovery services. The company specializes in the identification, recovery, and management of healthcare claims. MSP Recovery's innovative approach and proprietary technology have made it a leader in its field.
Insider buying refers to when a company's executives, directors, or other insiders purchase shares of their own company's stock. This is often seen as a positive sign, as it indicates that the insiders believe in the company's future and are willing to invest their own money in it.
Over the past year, the insider has purchased a total of 499,245 shares and sold 0 shares. This recent purchase of 467,290 shares is a significant addition to the insider's holdings.
CEO and 10% Owner John Ruiz Buys 467,290 Shares of MSP Recovery Inc (LIFW)
The insider transaction history for MSP Recovery Inc shows a total of 4 insider buys over the past year, with no insider sells. This trend suggests a positive outlook from the company's insiders.
On the day of the insider's recent buy, shares of MSP Recovery Inc were trading for $1.07 each. This gives the stock a market cap of $19.43 million. While this is a relatively small market cap, the insider's significant purchase could indicate a belief in the company's potential for growth.
In conclusion, the insider's recent purchase of 467,290 shares of MSP Recovery Inc is a significant move. With a history of insider buying and no insider sells over the past year, this could be a positive sign for the company's future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
I'm stuck in turkey... bring the squeeze and bring me back home lol.... we got the recession special over here .0070 warrants... if this breaches 10s again, very probable that the warrants can break .02s... this ticker is up from a dip to $1 and went to 17s... the warrants went from .0040s to .03 cents
I can't stop LOL at the greedy dumbass now shortbags, can you fools sell to me some more warrants at $0.0052 like you did after hour last night, and during the regular tradition session, keep those cheap warrants coming, really enjoy selling them back to you when your getting squeezed.
And now they will most likely get their dumbasses handed to them,from the looks of today.
Sorry, i meant this is up about 200% yesterday***
MMs still screwing around with the warrants lol just afew seconds ago, they sold 171 shares at .0171... someone took the bate probably thinking the bid lot was a lot larger lol....
Wonder what Happens in the AM
Fiscal Year 2022 Financial Highlights
Revenue: Total revenue for 2022 was $23.4 million, up 60% from 2021.
Operating loss: Operating loss for 2022 was $331 million, compared with $7.1 million for 2021. Adjusted operating loss for 2022 was $44.5 million, excluding non-cash claims amortization expense of $266.9 million and share compensation of $20.1 million.1
Quiet now, are we? Nice pop today
Hell yes shorts killers are all watching Rnaz next call
Weeeeeee! Riding this up until the wheels fall off. 👍 Best investment I made this year. Good luck MH, get the shorts some ointment for that burn. LOL