Cigarette Racing - 22 year old CEO
#141
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Joined: Feb 2002
Posts: 5,008
Likes: 752
From: Traverse City, Michigan
Not defending the direction of new owners of cig but
a) cig was in the CC game before others were even founded. And when the economy took a crap in 07 skip saw the writing on the wall and went all in on CC’s (before the others).
b) the fit and finish on a cig is the best in the industry. Anyone saying it’s inferior hasn’t crawled around one.
a) cig was in the CC game before others were even founded. And when the economy took a crap in 07 skip saw the writing on the wall and went all in on CC’s (before the others).
b) the fit and finish on a cig is the best in the industry. Anyone saying it’s inferior hasn’t crawled around one.
#142
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Joined: Jan 2006
Posts: 3,869
Likes: 797
From: St. Pete Beach, FL
MTI has great numbers from what I've seen. They are a little hard on the eyes (42) but the bigger ones 50/57 start looking much better.
MIdnights are not my favorite, they look too slabby and need too much HP to be fast.
Mystics are amazing but not great looking but that T Top looks stout! I love the 38-40 catamarans but they aren't the fastest, so like everything its a compromise.
ME: 39 NT with triple 400s. I like the 45 NT but then you need 4-5 motors and its double the price of the 39. Its a classy design that will be timeless as the years go on.
For a smaller need the Sunsation 32 looks pretty good and Joe/Wayne are great guys to deal with. I'd hold back on the bling bling paint and keep it simpler.
MIdnights are not my favorite, they look too slabby and need too much HP to be fast.
Mystics are amazing but not great looking but that T Top looks stout! I love the 38-40 catamarans but they aren't the fastest, so like everything its a compromise.
ME: 39 NT with triple 400s. I like the 45 NT but then you need 4-5 motors and its double the price of the 39. Its a classy design that will be timeless as the years go on.
For a smaller need the Sunsation 32 looks pretty good and Joe/Wayne are great guys to deal with. I'd hold back on the bling bling paint and keep it simpler.


Top of the style class for me, cig nighthawk, NT 450, and here’s a shocker, Contender 44.
I agree the NT 39 is great, it seems to be the best selling too.



just don’t do this to it

darkhorse, fish around is my favorite layout. I found the black on red boat really striking.





#143
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Joined: Jun 2005
Posts: 11,904
Likes: 1,143
My aunt lived in the same neighborhood as David Lee Edwards (mullet Powerball winner from Kentucky). He has been featured on Real Losers of the Lottery type shows. He won 27mm and was broke 7 years later, subsequently died 12 years after winning. He buys in a golf club community, litters the driveway with about a dozen exotic cars. Meadow Soprano/Jaime Sigler lived next door and actually sold the house and moved because this guy was unstable and the friends were sketchy. When you saw him daily driving a yellow Diablo with a 3 foot long pony tail you knew that guy wasn't a CEO!
So I'd say the boats you would pick are likely the least of your worries when you win a big jackpot!
#144
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Joined: Jun 2005
Posts: 11,904
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I know how to fish, but a beer buzz, a sunburn and empty fishboxes are hard facts for most "fisherman." Everybody posts their epic catch, rarely do you see the empty fish box pics!
The big diesel sportfishes are showstoppers idling out the inlet or even tied to the dock but they burn $1200-1400 an hour in fuel and can easily burn a million dollar budget annually if it's fished frequently. One of my neighbors is a captain for a 92 Viking. The budget is 1.5mm a year, boat gets run East Coast US all the way down to South America. Owners fly in/fish/fly home. He says spend 1.499mm and you get a pat on the back, spend 1.55mm and suddenly forensic accountants want to see where every dollar went!
Its cool, its a lifestyle but anything over 40 ft is crazy to me..........remember if it flies, floats or fvcks........RENT IT!
#149
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Joined: Jun 2005
Posts: 11,904
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No idea but the whole deal seemed like bad math. The company has billions in claims but it makes no money, as in the claims aren't being paid. Ruiz had to loan the company 113mm just to give it cash flow. Stock is 1/10th of what it went public at.
This Washington Post article better explains it:
https://www.washingtonpost.com/business/why-a33-billion-spac-deal-couldntpay-its-bankers/2022/06/21/d3b534fc-f11f-11ec-ac16-8fbf7194cd78_story.html
MSP Recovery Inc. was valued at almost $33 billion prior to going public last month, making the healthcare-litigation company the most expensive US SPAC deal ever, at least on paper. The excitement didn’t last.
MSP is now worth a more modest $4.3 billion after the shares collapsed more than 85% since its blank-check merger closed and regular trading began, and the drama didn’t end there. Just days after listing, MSP warned its ability to continue as a going concern was in substantial doubt. Nomura Holdings Inc. and Keefe, Bruyette & Woods Inc. (a Stifel Financial Corp. subsidiary) accepted $45 million in promissory notes – IOUs to you and me – in lieu of their advisory fees, because MSP lacked cash to pay them.
On Friday MSP founder John H. Ruiz and his business partner revealed they’re lending the company $113 million to plug the shortfall. Ruiz told me MSP also owns a “significant amount” of medical-claim rights and had seen “enormous growth” in new business. “I don’t think the valuation today is a function of anything other than a really bad stock market, high interest rates, high inflation...and a lot of naked shorting that pressured the stock down.”
This Washington Post article better explains it:
https://www.washingtonpost.com/business/why-a33-billion-spac-deal-couldntpay-its-bankers/2022/06/21/d3b534fc-f11f-11ec-ac16-8fbf7194cd78_story.html
MSP Recovery Inc. was valued at almost $33 billion prior to going public last month, making the healthcare-litigation company the most expensive US SPAC deal ever, at least on paper. The excitement didn’t last.
MSP is now worth a more modest $4.3 billion after the shares collapsed more than 85% since its blank-check merger closed and regular trading began, and the drama didn’t end there. Just days after listing, MSP warned its ability to continue as a going concern was in substantial doubt. Nomura Holdings Inc. and Keefe, Bruyette & Woods Inc. (a Stifel Financial Corp. subsidiary) accepted $45 million in promissory notes – IOUs to you and me – in lieu of their advisory fees, because MSP lacked cash to pay them.
On Friday MSP founder John H. Ruiz and his business partner revealed they’re lending the company $113 million to plug the shortfall. Ruiz told me MSP also owns a “significant amount” of medical-claim rights and had seen “enormous growth” in new business. “I don’t think the valuation today is a function of anything other than a really bad stock market, high interest rates, high inflation...and a lot of naked shorting that pressured the stock down.”






