Last year, University of Miami sports benefactor John Ruiz took his business MSP Recovery public with a $32 billion valuation in the largest-ever reverse merger of its kind in the U.S. Ruiz’s predictions about the company’s growth and future revenue left some stock market observers speechless, though Ruiz was eyeing an even bigger valuation of $50 billion. Stanford Law professor Michael Klausner likened MSP to a flying car company and said that given the firm’s revenue figures, the lofty valuation was in a “class by itself.”…