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2022 Shemar Stewart goes A2M

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bobbydigius said:
Dude is rich just off his law practice from my understanding but not put a program on his back rich. He is potentially gonna be mega rich as in the 20 billi man but his SPAC has to clear. Therein lies some of the problems, it hasn’t cleared yet and isn’t guaranteed to clear.
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Negative, ghost rider.

Cutting and pasting my own post from earlier:

a SPAC deal is a merger of a company (Ruiz') with a blank-check company (think of a pre-funded shell company, or a pile of cash, that is looking for an acquisition for the shell) with a sort of IPO type result. A listing, where sponsors make money and there is usually a cash out. In this case, it's analogous to a sale, somewhat. He has a company that is worth billions, it's not like its SPAC or nothing and he ends up broke lol.

If the SPAC deal falls apart, and many of them do, HE STILL HAS A COMPANY THAT IS WORTH BILLIONS OF DOLLARS.

Even if the SPAC is the maximum possible valuation (I think I read $32B - too lazy to google) and it falls apart and he ends up listing it or selling it at some point, etc. for let's say... half, his grandchildren's grandchildren's grandchildren will still have FU money.
 
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Cryptical Envelopment said:
Negative, ghost rider.

Cutting and pasting my own post from earlier:

a SPAC deal is a merger of a company (Ruiz') with a blank-check company (think of a pre-funded shell company, or a pile of cash, that is looking for an acquisition for the shell) with a sort of IPO type result. A listing, where sponsors make money and there is usually a cash out. In this case, it's analogous to a sale, somewhat. He has a company that is worth billions, it's not like its SPAC or nothing and he ends up broke lol.

If the SPAC deal falls apart, and many of them do, HE STILL HAS A COMPANY THAT IS WORTH BILLIONS OF DOLLARS.

Even if the SPAC is the maximum possible valuation (I think I read $32B - too lazy to google) and it falls apart and he ends up listing it or selling it at some point, etc. for let's say... half, his grandchildren's grandchildren's grandchildren will still have FU money.
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I am very familiar with SPACs and how they work, there is a reason why people go that route instead of the traditional IPO. If the SPAC falls apart it does not guarantee that the company stays a billion dollar company and that is the point here. There is no revenue and there is just this great idea. I hope to god it’s all good but there have been red flags raised by outsiders about the whole project.
 
bobbydigius said:
I am very familiar with SPACs and how they work, there is a reason why people go that route instead of the traditional IPO. If the SPAC falls apart it does not guarantee that the company stays a billion dollar company and that is the point here. There is no revenue and there is just this great idea. I hope to god it’s all good but there have been red flags raised by outsiders about the whole project.
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But you are acting like this is a start-up with no assets. This is already a very valuable multi-billion dollar company and this isn't a "billion dollar deal" its a $32B deal. The own the IP, they own the tech. It's not an idea on the back of a napkin.

MSP says it already owns nearly $50 billion in billed claims from its clients.

And yes, you're right, it's projection that it can generate "a 12-times return on recoveries and then earn extra cash from interest and fines" is just that, a projection, but that's how it works. You give the market guidance, which must be done in good faith, and it's up to the market to determine if your prospects are worse, the same or better than your estimates. Thus where you trade.

My point is, even if this thing ends up pricing at a quarter of where it's at right now when they dispose of it, or list it, or sell it, or whatever, this guy is going to have FU money until the end of time. He might not own a $32B asset, but be assured, he's a multi-billionaire right here right now. And he will probably be one of the five wealthiest men in Miami soon, and quite possibly the actual wealthiest.
 
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bobbydigius said:
I am very familiar with SPACs and how they work, there is a reason why people go that route instead of the traditional IPO. If the SPAC falls apart it does not guarantee that the company stays a billion dollar company and that is the point here. There is no revenue and there is just this great idea. I hope to god it’s all good but there have been red flags raised by outsiders about the whole project.
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SPACs are funny money. But Ruiz is goin to cash in on the Founders’ Shares and he’s set for life regardless.
 
Cryptical Envelopment said:
But you are acting like this is a start-up with no assets. This is already a very valuable multi-billion dollar company and this isn't a "billion dollar deal" its a $32B deal. The own the IP, they own the tech. It's not an idea on the back of a napkin.

MSP says it already owns nearly $50 billion in billed claims from its clients.

And yes, you're right, it's projection that it can generate "a 12-times return on recoveries and then earn extra cash from interest and fines" is just that, a projection, but that's how it works. You give the market guidance, which must be done in good faith, and it's up to the market to determine if your prospects are worse, the same or better than your estimates. Thus where you trade.

My point is, even if this thing ends up pricing at a quarter of where it's at right now when they dispose of it, or list it, or sell it, or whatever, this guy is going to have FU money until the end of time. He might not own a $32B asset, but be assured, he's a multi-billionaire right here right now. And he will probably be one of the five wealthiest men in Miami soon, and quite possibly the actual wealthiest.
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Actually there are a ton of question surrounding this entire SPAC, and SPACs already have an opaque history as it is. I know one person that saw their deck, and another one just came forward on another Canes site and said just as much. It’s flimsy and relying on proprietary that isn’t explained sufficiently. Now there are legit answers to that but still it’s a red flag. Either way, then you still have the fact that there is no revenue. there are no co-investors in the project and lastly, they had 3 directors quit on them this past year. Then there are questions about the valuation in general.

Now all of that is neither here nor there for us Canes, what we really care about is can the man bring us into the forefront of CFB in the new age of NILs? Dude has come out swinging. Is all over social media making his presence felt, pledging 8 figures for NIL with life wallet(notice it says pledging and not contributing), talking about building a stadium for us, and buying an NFL team that isn’t even for sale. This is all happening and his deal hasn’t closed all the while being surrounded by questions. Now let’s go with the assumption you are correct and his idea, which on the surface is an excellent idea, is that good and he will be fine one way or another, SPAC or no SPAC. Well there is that one thing of no revenue. The SPAC doesn’t come through it will be a while til he is liquid from this idea. All of sudden there is a possibility checks don’t clear and then that ends up affecting the program.

I hope to God this is not the case but I can’t just sit here with a straight face and say it’s not possible. I just want to realistically present the full story as it has been reported in the business news world so others that may not know all of this can temper expectations. John Ruiz has a path to become the richest man in Florida but e isn’t there yet and it could affect the promises he is making at the moment. Of course we have others like the Mas brothers who are already at the table, so it’s not like we would be **** out of luck but in terms of Ruiz…
 
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bobbydigius said:
Actually there are a ton of question surrounding this entire SPAC, and SPACs already have an opaque history as it is. I know one person that saw their deck, and another one just came forward on another Canes site and said just as much. It’s flimsy and relying on proprietary that isn’t explained sufficiently. Now there are legit answers to that but still it’s a red flag. Either way, then you still have the fact that there is no revenue. there are no co-investors in the project and lastly, they had 3 directors quit on them this past year. Then there are questions about the valuation in general.

Now all of that is neither here nor there for us Canes, what we really care about is can the man bring us into the forefront of CFB in the new age of NILs? Dude has come out swinging. Is all over social media making his presence felt, pledging 8 figures for NIL with life wallet(notice it says pledging and not contributing), talking about building a stadium for us, and buying an NFL team that isn’t even for sale. This is all happening and his deal hasn’t closed all the while being surrounded by questions. Now let’s go with the assumption you are correct and his idea, which on the surface is an excellent idea, is that good and he will be fine one way or another, SPAC or no SPAC. Well there is that one thing of no revenue. The SPAC doesn’t come through it will be a while til he is liquid from this idea. All of sudden there is a possibility checks don’t clear and then that ends up affecting the program.

I hope to God this is not the case but I can’t just sit here with a straight face and say it’s not possible. I just want to realistically present the full story as it has been reported in the business news world so others that may not know all of this can temper expectations. John Ruiz has a path to become the richest man in Florida but e isn’t there yet and it could affect the promises he is making at the moment. Of course we have others like the Mas brothers who are already at the table, so it’s not like we would be **** out of luck but in terms of Ruiz…
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Amazing post. Completely nailed it.

Your dose of realistic analysis stands in stark contrast to the ridiculous puffery that we have been dealing with ever since most of our posters first heard the name "John Ruiz" about 6 weeks ago.
 
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Zbrod95 said:
How’s the NCAA going to come down on us if we’re doing it through NIL deals?? That’s literally in his tweets. Is the NCAA going to come down on Texas for doing the same effing thing? Is there chlorine in the water up there? They legitimately can’t be that stupid.
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C’mon brother….look at who we’re talking about here…they don’t know da difference between chlorine or fluorine in water….let them TALK…because they won’t have much to cheer about for a good minute….
 
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MakeTheCribGreatAgain305 said:
If the average fan could at least research for themselves that everything is legal and covered then it would be all good. I think many are shell shocked and suffering from PTSD from the Shapiro/Shalala days.
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Yup everyone's inner mope is out. Hey if me myself can come out of moping they should too.
 
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Confidence1000 said:
If ur scared get a dog! We don’t do scary **** round here! We’re rich now & we gon act like it
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Exactly, and it's not like these guys aren't rich enough to have lawyers making sure everything is legit. A&M just bought the #1 recruiting class, Texas is giving OL 50K, it's go time and we are in the game.
 
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