Gate News reports that on March 11, YZi Labs issued a statement indicating that, according to a lawsuit filed by investor Abraham Gomez against NASDAQ-listed company CEA Industries and its director Hans Thomas, the company is nearly in a “operational vacuum,” lacking a CFO, COO, operations or marketing team, no fund management system, and not even a registered domain or functional website. YZi Labs pointed out that this situation highlights a failure in CEA Industries’ board oversight. While the company signed a 20-year asset management agreement with 10X Capital Asset Management to manage large funds, it has not established basic corporate governance and operational infrastructure. YZi Labs demands that the board publicly respond to these allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement with 10X Capital Asset Management.
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