No reverse stock split will save them from delisting this year. 30 cents per share is generous for a company that has expenses that far exceed revenues. They can’t even pay their restructured loans that will come do. Without an investment in new capital they will likely not continue. All the investigations come with large legal fees and some investors perhaps feel deceived with their public statements regarding revenue expectations which were grossly overstated. Others probably did not like owner using company as own piggy bank for extravagant purchases and NIL marketing expenditures
It’s like a Blue Moon. Not great, not bad either. I’ll drink one of those over a Bud Light any day. But I’ll pass on the orange slice
Couple of things, while I would hope you are correct Rick, and despite Ruiz's posturing, we don't know for sure where the financial muscle is really coming from. Life Wallet is most certainly not the only financial contributor to Miami's NIL. This certainly dosen't help Miami's cause though, thats for sure. I do have empathy for the rank and file employees whom may lose their jobs. I don't have any empathy for the Canes however and look forward to UF beating them down on 8/31. Come home where you belong Mr. Hanks!!!
