I think Rob summarized quite well the belief of some @linqtoinc customers, former employees and/or shareholders (both common and SPV type). To me, the most important questions have been: 1) Is Linqto legitimate or a Ponzi; 2) Are customer funds segregated, in proper SPVs, representing investment interests in private equity & are the funds safe; 3) Why did new management shut trading down? Why not keep revenue flowing, while working through regulatory issues to avoid bankruptcy?; 4) Why not turn trading back on to avoid bankruptcy and work through regulatory issues, especially considering the political and regulatory environments have improved?; 5) Are the SPVs bankruptcy proof? If there’s a bankruptcy, are customer funds/investments safe from Linqto creditors?; 6) If bankruptcy is filed, and a company IPOs (eg Circle, Kraken, Ripple) will people get shares forwarded after lockups?; 7) If bankruptcy’s filed what’s the difference between unit holders (eg Ripple shareholders) and Linqto shareholders? Who can be made whole?; 8) What about unaccredited investors? Will they get to share in the upside of investments like Circle/Ripple?; So far we’ve been told: 1) Linqto’s NOT a ponzi but a legitimate company that made regulatory mistakes (the nature of those mistakes and how severe they are is contested or questioned). 2) Investor funds are segregated in SPVs for different companies and safe. 3) This is the most contested issue as far as I can tell. I’ve not been made privy to enough information to provide an informed opinion on whether the decision to shut down was the correct decision. Maybe it was, maybe it wasn’t. Some folks strongly believe it was the wrong decision. My opinion: it depends on the nature of the regulatory violations, communications with regulators (SEC, FINRA). Is the DOJ involved? The current CEO stated at XRP Vegas that multiple regulators are involved. Another factor: advice of counsel on whether to shut down and what’s the liability exposure and whether it’s civil, criminal, or both, etc.). 4) See Answer 3. 5) SPVs, if organized and set properly, are independent of the parent company (Linqto) and thus, not considered part of Linqto. If SPVs investments are held in custody by a third party (eg @jpmorgan, @MorganStanley, etc.) that also shows independence from Linqto and affords protection in bankruptcy. From what’s been said, this has been checked by a third-party auditor and the investments are not subject to claims by Linqto Creditors. 6) Yes. Rob in his post states Linqto has no debt. In other words, there are no creditors, except for possibly the SEC or other regulators. When I interviewed the CEO, he confirmed Rob’s assertion stating the good news is Linqto doesn’t have any significant debt. A bankruptcy filing in this case would not be a liquidation it would be a reorganization and the company would function while in bankruptcy court and emerge later still in business. 7) In bankruptcy, the unit holders should come out whole. If you own Circle, after the 180 day lockup, your shares should appear in your brokerage account. Customer unit holders will have top priority IMO. The good news for Linqto shareholders is that there are no creditors. However, according to the new CEO, the SEC could become one. It depends on the nature of the violations, if any. In Bankruptcy, sometimes innocent shareholders are made whole, sometimes they get wiped out, and sometimes they take a haircut. Since Linqto has little to no debt, there’s reason to believe innocent Linqto shareholders would not experience a total loss. 8) Innocent non-accredited investors should not lose out and there are ways to prevent it from happening. If I can help, l will. There’s been a lot of Linqto discussion on X. Rob, @Farrell1969, @sentosumosaba, and others, have posted insightful posts. @RayFuentesIO conducted interviews at XRP Vegas about it. I’m always happy to jump on an X Spaces with others to discuss further.