10xcapital

Governance Drama at CEA Industries - What’s Really Going On?

A new letter addressed to the Board of #CEA Industries is raising serious governance concerns.

Here’s the situation simplified 👇

• The Board recently claimed it had discovered a “secret side agreement” involving 10X Capital and @YZi Labs

• However, the letter argues that the agreement was not secret at all, legal counsel and multiple board members allegedly knew about it.

Even more surprising:
• The Strategic Services Agreement (SSA) the Board demanded to be terminated was reportedly already terminated in December.

• Yet, in February, a public request was made to “terminate” it again.
Another key point:

• It is claimed that no payments were ever made to YZi Labs under the agreement, contradicting earlier narratives.

The core accusation?
The Board may have misrepresented facts while protecting certain interests instead of prioritizing shareholders.
If these claims are accurate, this raises major governance and transparency concerns.

In public markets, trust = value.
When governance weakens, confidence follows.
Always monitor board actions as closely as price charts.

What do you think about this situation ?

#CEAIndustries #SECInvestigation #10XCapital

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