rob cunningham knows what’s coming…
Using the figure publicly cited by Brad Garlinghouse that approximately 4.7 million @Ripple shares were held through the relevant Linqto/SPV structure, the calculation is:
1,707,039 Ripple shares represent approximately 36.3% of the 4.7 million Ripple shares.
To put this into perspective:
Total Ripple shares in the SPV structure (reported): ≈ 4,700,000
Shares in question: 1,707,039
Percentage of total: ≈ 36.3%
Remaining shares: ≈ 2,992,961 (≈63.7%)
This 1,707,039-share figure corresponds to the SPV investor group’s beneficial ownership pool, and it accounts for more than one-third of all Ripple equity shares that Brad Garlinghouse identified as being associated with the Linqto-held position.
Let’s use a recent $275 Ripple tender offer purely for a financial sensitivity analysis:
Approx. 85% of the Linqto Estate’s value consists of Ripple SPVs.
36.32% of those Ripple SPVs are included in this proposed “bankruptcy” sale.
Proposed sale price: $68/share.
Reference valuation: $275/share (recent Ripple tender offer).
1. Per-share reduction
The proposed sale price represents the “estate” will receive only 24.7% of the $275 reference value.
The implied reduction in value is therefore a per-share discount of approximately 75.3%.
2. Dollar impact on this block
For 1,707,039 shares:
At $68/share: ≈ $116.1 million
At $275/share: ≈ $469.4 million
Difference:
≈ $353.4 million below the $275 reference valuation.
3. Impact relative to the ENTIRE ESTATE
The affected portion of the estate is:
85% × 36.32% = 30.87%
So approximately 30.9% of the entire estate would be represented by this Ripple block.
Applying the 75.27% valuation reduction to that portion gives:
30.9% times 75.27% = an approx 23.24% estate valuation dilution due to these 4 sales.
23.24% / “3%” = 8x bigger cost, and you can bet your sweet ass these bankruptcy jackals are no where close to being done “helping” themselves to our investments under the color of justice.
To all the loud mouth “heroes” proclaiming “the greatest bankruptcy result in history” and “only a 3% haircut” would be “a really great deal”, congratulations. Enjoy eating your bullshit in public.
You blowhards know who you are.
@JohnEDeaton1 What about Polysign investment made, are all those funds considered a loss? Or is there some consideration made for Polysign shares in the future settlement payout?
🚨 Former CIA Officer John Ramirez: We are ALL Aliens 😱🛸👽
“There are humans among us that might be more extraterrestrial than human” and “we’re all aliens in some respect, but some of us have an enhancement of that alien DNA”
He also drops that the Cherokee Nation links directly to Atlantis survivors… and that ETs see us as their children who are failing as stewards of the planet.
What if YOUR bloodline is part of this? Have you ever felt “different”? Do you believe we’re being watched by concerned cosmic parents?
Drop your thoughts below 👇 Who else needs to hear this?
CANCER HAS BEEN CURED
Ivermectin & Fenbendazole cure cancer.
Pass it on.
BREAKING NEWS: First-in-the-World Ivermectin, Mebendazole and Fenbendazole Protocol in Cancer has been peer-reviewed and published on Sep.19, 2024!
The future of Cancer Treatment starts NOW.
My thanks to lead authors Ilyes Baghli and Pierrick Martinez for their incredible inspired work, FLCCC’s Dr.Paul Marik for his extensive work on repurposed drugs and every co-author who worked hard to bring this paper to life.
I hope that this peer-reviewed paper lays the groundwork for a brand new future for Cancer Treatment.
Many of you know that I have been helping thousands of Cancer patients with high dose Ivermectin, Mebendazole, and Fenbendazole
@pilotblakes@RayFuentesIO@JohnEDeaton1 Do you know if those who invested through Linqto have to file a claim as creditors to be part of the bankruptcy? To secure our claim? Any direction you can provide would be appreciated. Thanks.
Ray, if you’re going to say something make it accurate or educate yourself more on how bankruptcy proceedings work. You say it’s Linqto’s current management AND my proposal. There is a Creditors Committee made up of 9 Linqto customers. They voted for the settlement. I didn’t get a vote as I am not on the committee. I represent one member on the committee and also 3,600 Linqto customers and I’m doing it for free. We are in bankruptcy court because the guy you called a good man - Bill Sarris - committed fraud - which you have publicly denied. 🤔
Yet, you have heard every attorney involved in the bankruptcy, tell the Judge that Linqto committed fraud. Some of your former Linqto co-workers have been subpoenaed to testify before a grand jury regarding the fraud - that you claim didn’t happen.
My goal - working pro bono - is to try and get investors what they bargained for or as close to it as possible. As for your insinuation that I’m working with current management, I filed a motion objecting to the DIP financing arguing for the court to impose a Constructive Trust so that customer property couldn’t be used as collateral, seized and/or liquidated. I argued in the motion that allowing current management to do that would constitute a court-approved theft.
The Creditors Committee voted for the deal and I agree a under the circumstances - it is the best option we have because if we spend 2 years in bankruptcy it will cost $150M which will come out of customer money. Linqto has only $13-16M in securities. The bankruptcy has already likely cost over $10M and it’s been less than 3 months. Once Linqto is out of money the court will likely order sales of customer funds to pay the professionals. The deal in place - a liquidating trust - should get people 95% of their shares. It’s not a 100% because lawyers and other professionals- unlike me - are not working for free.
But make no mistake about it: we wouldn’t be in this position if Linqto had not committed fraud. In October 2023 lawyers informed Bill
Sarris he was committing fraud. He ignored those lawyers because he was making millions breaking the law.
Hey there, friends. I hope all is well with you.
$XRP broke one of the critical resistances, $1.44, which we expected him to do, and we also expected a retest of $1.63 yesterday.
We said that after $1.63, XRP is expected to touch one of the main Fibonacci Levels, which is $1.88.
Here are the targets and supports:
1. New targets: $3.4176, $11.3233
2. Oldies but goodies: $5.85, $18.22
3. New Supports: $1.44, $1.28, $1.14, $1.03
I am sharing the critical information with my Spartans, Legionnaires, Defenders, and Templars live.
So let's rock.
#XRPArmy #Ripple
@MYLUNCHBREAK_ Check out Sacred Heart Cultural Center in Augusta Georgia. There is a local rumor that the building can’t be repaired if damaged because the build technology has been lost.