Betty Boop
524 posts


@sentosumosaba @zpattern @evernorthxrp Obviously you do not believe in a reverse carry trade caused by oil spiking to cause the rise of XRP. You firmly believe in XRP. What are you watching for that will cause significant price appreciation? More adoption by institutions? Clarity?
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@zpattern @evernorthxrp I prefer the Bentley with a driver😉
Baby blue, please.
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Evernorth (@evernorthxrp), expected to be the largest publicly traded XRP DAT company, filed its S-4 today.
Monster doc. 400+ pages.
💪3 Standout items (among many):
1. SBI could have up to 59.7% voting power.
2. Stu Alderoty to be nominated to the board.
3. Pathfinder = new private company “bucket” that Ripple funded with XRP and merges into the public structure that becomes the main engine holding and growing the massive public XRP treasury. Think of it as the “XRP war chest” entity behind the new Nasdaq-listed company (ticker expected XRPN).
More on Number 1:
👇
In this deal, SBI is one of the Advance Funding Subscribers. They committed serious money early and received a large block of Pubco (public company) Class A shares. (at closing $10 each)
In almost every SPAC-to-public-company - the deals are like this: SPAC public shareholders (the people who bought shares in the original IPO) have the right to redeem their shares for cash (~$10.30 per share right now) right before the merger closes.
If many redeem -- then fewer public shares remain outstanding and the private investors (SBI, Sponsor, Ripple affiliates, etc.) automatically own a much bigger percentage of the final company.
👉SBI’s percentage of voting power can move 29.8% to 59.7% **based on redemptions.**
Why This Matters to XRP Holders
SBI is one of the most pro-XRP institutions on the planet (they’ve been Ripple partners since 2016, run XRP trading in Japan, issue XRP-linked products, etc.).
If redemptions are high (Likely? We have to see.), SBI ends up owning close to or over 50% of the public company that holds one of the largest XRP treasuries ever assembled (~473M+ XRP at launch).
That gives SBI input/influence over:
1. Whether Pubco keeps buying XRP
2. Validator input on the XRP Ledger
3. Yield-generation / lending / AMM participation
4. Overall long-term XRP ecosystem alignment
In short: High redemptions = SBI becomes the dominant force steering the biggest public XRP treasury vehicle ever created.
Note: There are 23,000,000 Public Shares
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@Shibu_Thobs Josh Howerton
Gary Hamrick
Brett Meador
Jack Hibbs
J. D. Farag
Billy Crone
Tom Hughes
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@CraigBrockie @saylor @GrantCardone @HenrikZeberg Craig love your takes on men's health but you're way off on Bitcoin. XRP is the chosen one.
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Who else thinks @Saylor, @GrantCardone and @HenrikZeberg are about to look like geniuses as Bitcoin goes 🚀🚀🚀🚀🚀?
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@jamestalarico The Bible says there will be many antichrist. You may be one of them.
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@CBSSportsCBB @JonRothstein 1989 Illinois "Flying Illini" Kendall Gill, Marcus Liberty, Kenny Battle, Nick Anderson, Stephen Bardo, Larry Smith. Rolled National Champion Michigan twice in the regular season.
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@DrFrankTurek Jesus Christ laying his life down for us lowly sinners. No greater love. 🙏🏻❤️🙌🏻
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@McBrideLawNYC And you go to worship Mary, Peter, the sacraments, the Pope, and on & on & on. I'm a simple sinner that needs Jesus, yet doesn't deserve Him. Because He loved me and everyone else it's a free gift through Gods grace. That's it. Not all of your requirements.
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@ScamDetective5 @unknowDLT We know it won't be Shitcoin or Pedocoin whichever you call it 😎
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@unknowDLT By this logic they plan to implement dogecoin because they don’t talk about that either….
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@riecker It's the worst pain imaginable. We too buried our daughter the day after Christmas in 2020. Jesus Christ is the only thing to get us through. We hang onto His hope & promise. Many prayers for your family.
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@EricLDaugh It has NOTHING to do with the color of your skin or republicans. Some of the most intelligent people I know are black. Maybe it has something to do with the very unprofessional way you handle yourself. Take a step back and educate yourself, and maybe try to act normal for once.
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@iamufohunter There will not be peace until Jesus returns for the millennium kingdom.
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