Hopefully the latest 'Canes benefactor doesn't take our our programs yet again..

Another week passes and stock is down another 20%
Market Summary > MSP Recovery Inc
0.12 USD−0.0032 (2.60%)today

$32 billion to $400m in just over a year…..that’s talent.

At this rate CRT will be worth more in the near future. With the rate they are quadrupling sales and all.

Stock is 11 cents today.......

This was last weeks allegation:

https://www.actionnetwork.com/ncaab/new-lawsuit-alleges-john-ruizs-company-a-ponzi-scheme


A once-intimate business partner for noted Miami booster John Ruiz's company has sued, alleging Ruiz's LifeWallet is "effectively a Ponzi scheme."
Ruiz's company had once been worth up to $33 billion on paper, the second-largest SPAC of all-time while trading at about $10 per share. Its stock price as of the end of trading on Wednesday? $0.13, down about 99%.
The lawsuit also alleges that the entire infrastructure of the company is meant to “prop up an absurdly over-inflated valuation,” spending 100 times what it has in cash on hand.


The guy making the accusations is Barry Sternlicht, net worth 4.6B and has 115B in assets under management.

Market Summary > MSP Recovery Inc
0.094 USD−0.019 (16.47%)today
Closed: Aug 21, 4:14 PM EDT • Disclaimer

9 cent stock..............

Wow,

so at what price is it technically worthless? does the company even have any assets?

I stand corrected...could have shorted that 6 cents from $0.15 ... lol.

I really hope Cig comes out unscathed.

Its essentially a penny stock now, next step is it will be de-listed from the NASDAQ exchange

How Long Can a Stock Stay Below $1 on a Nasdaq?

A stock cannot stay below $1 for more than 30 consecutive business days on Nasdaq. If it does, it is allowed 180 days to correct this deficiency.

double post