John E Deaton
John E Deaton|Dec 17, 2025 15:29
REGARDING LINQTO: I’m sitting in Urgent Care (possible hamstring tear - boy it sucks to get old) and my office phone and email is blowing up because Linqto investors are now receiving Disclosures and Voting Ballots, as well as emails from a third-party. THE DEADLINE TO CAST YOUR VOTE IS JANUARY 26! Take your time and read through the Disclosure and documents. I will hold a minimum of THREE to FIVE SPACES or livestreams between now and JANUARY 26 to go through it. I will invite Attorneys representing the Creditors Committee to attend one or two of the Spaces to help answer questions. The spaces will be recorded. If you signed up with me, I have your email and you will also get an email explaining things and recommending what to do. NOTICE: People are also receiving an email from Linqto Equity Holders and seeing X posts from that team recommending that you vote No for the plan. Many of these folks refuse to disclose exactly what they own and what they stand to lose if the plan goes through. Please understand these are people who are Linqto Equity holders (common or preferred stock holders of the underlying company Linqto). These folks should NOT be confused with Linqto - The Debtor. In this particular Bankruptcy, the JUDGE himself stated that Linqto committed fraud against its customers. Under federal bankruptcy law, in this scenario, equity holders are last in line to recover anything. In fact, I’ve been very public in saying I believe Linqto Equity holders will likely receive nothing because customers need to be made whole first. Since Customers will NOT be made 100% whole, it is highly unlikely that equity holders will receive anything. For innocent equity holders it admittedly sucks to be wiped out and receive nothing. But customers come first. Period. Under this plan, it is estimated that customers will receive 95% of what they are entitled to. In sum, if you had an interest in 100 shares of Ripple - you should receive 95 shares, once Ripple goes public. Some people could receive 97% of their value if they are also entitled to rescission claims or other claims. These are estimates based on numbers calculated by professionals, not me. This bankruptcy is costing well over $7M per month in fees. Outside of customer assets, Linqto only had $15-20M in assets. In other words, Linqto owned enough funds to pay for 2 months of this bankruptcy. The rest of the bankruptcy gets paid out of customer funds. I filed a motion for Constructive Trust at the very beginning of the bankruptcy and then proceeded to help towards a settlement that would preserve customer assets, including the upside in the private equity shares. It should be known, however, that the Lawyers for the Creditors Committee at Brown Rudnick did all the hard work - I served a supporting role. Everyday we are in bankruptcy thousands of dollars of customer value is being wiped out. This plan gets us out of bankruptcy in record time while preserving the most in CUSTOMER FUNDS. You should demand that any person offering an opinion or advising you to Vote No disclose whether they own Linqto shares, how many shares they own and how much money they stand to lose if they receive nothing. Although I am providing my services FOR FREE and have not been paid any money or crypto for anything related to my time and efforts, I disclosed EVERYTHING and I’ve been an open book. From day one, I said my entire approach is to protect RETAIL CUSTOMERS - not venture capitalists or shareholders. If this plan does not get approved - we will likely head to Chapter 7 Liquidation. The sharks 🦈 and whales 🐳 will come out and attempt to buy your shares for a lot less than they are worth. I would not be surprised if some of the folks behind Linqto Equity hope to buy those shares on the cheap during a liquidation fire-sale. I will address all of this during my Spaces and I will notify you all when it is scheduled. JD(John E Deaton)
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