John E Deaton
John E Deaton|Jun 30, 2025 15:46
Tomorrow, I’ll explain why I called the @linqtoinc situation (i.e. imminent Bankruptcy) a total clusterfuck. For one, there are approximately 13-14,000 Linqto customers. About 11,500 of those 13-14K customers, purchased shares/units of a Special Purpose Vehicle (SPV) in @Ripple. These are not Ripple shares per se (like many people believed, assumed, or allegedly, were led to believe) but shares/units of a SPV(s) that owned the Ripple shares. I’ve been told 4-5,000 of those SPV Ripple investors are non-accredited, which makes this a regulatory compliance nightmare. 🤦‍♂️ I’ve also been told the SEC Enforcement Division is heavily involved. I’m certain another three letter agency is also involved. I will relay everything I know and what everyone can expect and answer any questions that I’m able to answer tomorrow at 3PM EST. What you’ll learn is what I’ve been informed and it will all be very public very soon. And that is, the money people invested and ALMOST all the shares that should be in the SPVs are in fact there. That’s the good news. The rest sucks. (Disclaimer: I can only share what I’ve been told. I have seen some documentation that verifies/corroborates some of what I’ve been told but I know this: as far as management, previous or current, I am NOT on any side. The only side I’m on is my fellow customers’ side).
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