Everything you've wanted to know about John Ruiz (the Miami NIL guy)...

[cto]

Note his description of his relationship with Miami coach Jim Larranaga as very hands-off and very little personal contact.

A Q&A with NIL-bankroller John Ruiz on his role in Miami's Final Four run

Four prominent Hurricanes — Nijel Pack, Norchad Omier, Jordan Miller and Isaiah Wong — have NIL deals with Ruiz's company LIfeWallet.

theathletic.com

 

[pearl31]

yeah I mean I'd for sure believe anything john ruiz says

 

[Scooch]

I don't care how people spend their money. And I'd rather see Ruiz's money in the pocket of an athlete than an administrator.

However, this cracked me up:

People say you’re paying for the kid, you can’t pay for love. Well, when kids are texting you out of the blue for your birthday, Father’s Day and New Year’s, or they’re reaching out to get guidance from a business perspective … I disagree.

Sure thing, dude. They're definitely not texting you because you pay them. And then:

I would say just the fact that these kids tell you that they love you genuinely without you asking them for it, and that you feel it. And they’ll tell you, “Hey, I know you’re real.” And they see that there’s nothing fake.

It creeps me out. A 56 year old man talking about "love" from college kids. There's gotta be healthier ways to get validation.

 

[BlackSquirrels]

Unfortunately, Miami's basketball success has not led to much success for LifeWallet. In the last year, the company's stock price has slipped from $10.18 to $0.88.

I'm sure there is nothing fraudulent about the company and its fortunes will turn around soon.

 

[DilemaCuse]

Remember Nevin Shapiro? He was loving having these football guys hang out with him and then when they went to the NFL they obviously stopped coming around to hang out, lol

 

[OrlandoCuse]

Unfortunately, Miami's basketball success has not led to much success for LifeWallet. In the last year, the company's stock price has slipped from $10.18 to $0.88.

I'm sure there is nothing fraudulent about the company and its fortunes will turn around soon.

$68M market cap for a company posting $30M annual losses yet this guy is flying to the final four on his private 767.

 

[PoppyHart]

Couldn’t read. Behind paywall.

 

[Cuse181]

Unfortunately, Miami's basketball success has not led to much success for LifeWallet. In the last year, the company's stock price has slipped from $10.18 to $0.88.

I'm sure there is nothing fraudulent about the company and its fortunes will turn around soon.

And they delayed earnings, if that doesn’t scream success then I don’t know what does

 

[HOFCeluck]

These guys all remind me of when young Michael Scott, when asked what he wanted to be when he grew up, said he wanted be married and have 100 kids so he can have 100 friends. And no one can say no to being his friend.

 

[orlandoorange]

$68M market cap for a company posting $30M annual losses yet this guy is flying to the final four on his private 767.

You don't get to $30M in losses by accident

 

[texascpa]

Unfortunately, Miami's basketball success has not led to much success for LifeWallet. In the last year, the company's stock price has slipped from $10.18 to $0.88.

I'm sure there is nothing fraudulent about the company and its fortunes will turn around soon.

Doesn't need to be fraudulent for investors to determine that the company doesn't have a good business plan nor path to profitability.

 

[RoysRunts]

You don't get to $30M in losses by accident

or make it either, Key word "Private"

 

[orlandoorange]

or make it either, Key word "Private"

Great point. I wasn't referring to the plane, but I agree with your comment, he's obviously been very successful generating income.