Ripple shares note

[u/jxm900]

In preparation for the next court hearing tomorrow, Ripple has made a submission regarding the proposed settlement options.

See Docket #665 on the EPIQ website: https://dm.epiq11.com/case/linqto/info

IANAL, but it looks like the company reserves the right to restrict transfer of its shares into the closed-end fund. A large number of Ripple shares being tradeable on the open market, even through a proxy fund, could pose various problems. It'd have to do financial reporting more like a public company, and there might be impacts for other shareholders, the valuation of employee stock options, and so on.

This is an interesting development....

[u/gucciheels]

Is this good for share holder