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LIFW

Novacane32000 said:
4m to 6m in revenue increase is 50%. Still miles from what was expected but if they continue growing at 50% clip per Qrt then maybe there is a sliver of hope for LIFW.
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REVENUE not profits. They had projected revenue in excess of $1 Billion dollars in year 2 after the IPO. They are now down to 9 million shares float (shares available for trading) which is almost nothing. This is almost a caricature level IPO / productivity example.
 
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Rickd said:
REVENUE not profits. They had projected revenue in excess of $1 Billion dollars in year 2 after the IPO. They are now down to 9 million shares float (shares available for trading) which is almost nothing. This is almost a caricature level IPO / productivity example.
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Pied Piper Hbo GIF by Silicon Valley
 
$835M net loss in 2023... with no product, no customers, I mean what are they burning money on? Lol where's the LIFW defense force at these days, I wanna talk to the guy who loves to tell everyone he's the CFO's ***** for a fortune 500 company.

Smells like fraud, I mean martin shkreli did time for less heinous things.. lol anyways, bravo to Canes Connection for creating an alternative to this madness
 
gabednconfused said:
$835M net loss in 2023... with no product, no customers, I mean what are they burning money on? Lol where's the LIFW defense force at these days, I wanna talk to the guy who loves to tell everyone he's the CFO's ***** for a fortune 500 company.

Smells like fraud, I mean martin shkreli did time for less heinous things.. lol anyways, bravo to Canes Connection for creating an alternative to this madness
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And the valuation prior to the IPO was based on the company making something like $50 billion in revenue this year.

It's going to get a lot worse. The silence from Ruiz is deafening.
 
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Katzenboyer said:
And the valuation prior to the IPO was based on the company making something like $50 billion in revenue this year.

It's going to get a lot worse. The silence from Ruiz is deafening.
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Can't get much worse. After their reverse split there are only 8.9 million shares being traded ... that is the actual float. It is ridiculous for a "traded stock". If they have to do another reverse split ... there won't be enough shares trading to be listed anywhere but in the comic books.
 
gabednconfused said:
$835M net loss in 2023... with no product, no customers, I mean what are they burning money on? Lol where's the LIFW defense force at these days, I wanna talk to the guy who loves to tell everyone he's the CFO's ***** for a fortune 500 company.

Smells like fraud, I mean martin shkreli did time for less heinous things.. lol anyways, bravo to Canes Connection for creating an alternative to this madness
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It’s not fraud (as far as I can tell), it’s just it looks like the business model is essentially litigation financing. That could be lucrative for accredited investors as you can pick and choose what cases to finance. If you win, you can have a 40-50% IRR, but with LifeWallet, if you invest 1 million and they get a huge settlement, you get pennies on the dollar. And that’s with taking the risk of letting Ruiz and co. vet what cases to take.
 
Handsome Squidbum said:
It’s not fraud (as far as I can tell), it’s just it looks like the business model is essentially litigation financing. That could be lucrative for accredited investors as you can pick and choose what cases to finance. If you win, you can have a 40-50% IRR, but with LifeWallet, if you invest 1 million and they get a huge settlement, you get pennies on the dollar. And that’s with taking the risk of letting Ruiz and co. vet what cases to take.
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I think it could be construed as fraud the same way Elizabeth Holmes told everyone she had a machine to detect all diseases from a single drop of blood lol.
 
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Handsome Squidbum said:
It’s not fraud (as far as I can tell), it’s just it looks like the business model is essentially litigation financing. That could be lucrative for accredited investors as you can pick and choose what cases to finance. If you win, you can have a 40-50% IRR, but with LifeWallet, if you invest 1 million and they get a huge settlement, you get pennies on the dollar. And that’s with taking the risk of letting Ruiz and co. vet what cases to take.
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It's not fraud at all, and you are about 90% correct. The idea is that you're investing in the payoff from settlements, as the latter part of your comment states. It's a volume business. It's not supposed to be litigation financing (although in reality the practice isn't much different).
 
Brains said:
It's not fraud at all, and you are about 90% correct. The idea is that you're investing in the payoff from settlements, as the latter part of your comment states. It's a volume business. It's not supposed to be litigation financing (although in reality the practice isn't much different).
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The "issue" is the supposed algorithm that was a proprietary evaluation tool to identify claims with the highest probability of being successfully "processed". Mistaken medicare payments that should have been covered by an insureds primary carrier. Looks like the "algorithm" was more marketing hype to sell stock and wasn't an effective tool. There hasn't been a sound financial quarter since inception and the numbers are so laughable that no novice analyst would ever give that "stock" a second look.
 
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BishopEli said:
Jesus tap dancing Christ I thought I was done with this thread. Thank you for clarifying how little you know what you’re talking about… your TD Ameritrade account said it? You know you’re not able to buy/see all outstanding shares right? Go look up implied shares. Also check how many shares classes msp recovery has. Yahoo takes into account these things hence the difference in market value, it’s why my firm is happy to use them as one of many factors In our ipc guidance. And by my firm I mean the one I work at not the one I jerk off to watching my $100 penny stock account move 5%. Now I’m done.
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How's that market cap for LIFW doing? You tried to say it was $30 BILLION...Jesus you're ******* dumb! 28 cents a share and a market cap of $41.493 MILLION.
 
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Really doesn’t have much to do with our current NIL program.

Miami is doing just fine. So I don’t see what the point is here. It’s a failed business that was run by a Miami booster, who supported the athletic program and did do good things for the university.

Some of you lames sound a lot like Darren Rovell, like a jilted stalking ex-girlfriend. Let the company die in peace, it has no impact on us.
 
IbzRlz said:
How's that market cap for LIFW doing? You tried to say it was $30 BILLION...Jesus you're ******* dumb! 28 cents a share and a market cap of $41.493 MILLION.
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If the market cap is based on the FLOAT ... the actual number of shares being actively traded ... it is a fraction of what you stated. The whole thing is a bad joke.
 
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