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YZi Labs requests CEA Industries to respond to the "operational vacuum" issue and terminate the 10X asset management agreement
CryptoWorld.com, 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 almost in a “operational vacuum,” lacking a CFO, COO, operations or marketing team, and even a registered domain or functional website. YZi Labs pointed out that this situation highlights a failure of the CEA Industries board of directors to oversee the company properly. Despite signing a 20-year asset management agreement with 10X Capital Asset Management to manage large funds, the company has not established basic corporate governance and operational infrastructure. Therefore, YZi Labs demands the board publicly respond to the allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement with 10X Capital Asset Management.