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The governance controversy surrounding CEA Industries (BNC) continues to ferment. YZi Labs has spoken out again on social media, pointing out that BNC has deliberately restricted shareholders' exercise of written consent rights by implementing a poison pill plan and amending the company's bylaws—this move essentially strengthens the board's voice, rather than protecting shareholder interests as officially claimed.
What’s more noteworthy is the clear opposition between the two parties on the token issue. BNC previously denied considering the launch of an alternative token, but YZi Labs presented evidence: BNC CEO David Namdar indeed discussed related topics in a public setting in early 2025. This asymmetry of information has led the community to question the authenticity of the official statements.
From a governance perspective, restricting shareholder power while being vague on the token issue has sparked widespread concern in the Web3 community about BNC’s decision-making transparency. Whether it’s for project stability or other motives, only time will tell.
The CEO has already said this before, and now they deny it. Are we all blind?
The poison pill plan combined with amendments to the bylaws— isn't this just openly throwing money to buy influence?
The token issue is truly unbelievable. The evidence is right there, yet they stubbornly deny it. They really think the community is stupid.
Transparency is too much to ask for BNC.
I'm just here watching the show, waiting to see what story they'll come up with next.
Just want to ask sincerely: is it still worth investing in operations like this?
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The poison pill plan plus amending the bylaws— isn’t that just naked power concentration? No matter how nicely you phrase it, it can’t hide the truth.
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The most outrageous part is they still dare to deny it. The evidence is right here, how far off is this information gap?
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Transparency? At BNC, it’s just a joke. Just wait for the truth to come out, everyone.
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I just want to ask, they talk about tokens nicely and then deny it when it turns around—who the hell would believe that?
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Another Web3 project team, running the same routine all over the world—speechless.
The CEO doesn't speak honestly; when presented with evidence, they backtrack. Isn't that essentially an admission?
Poison pill plans, amendments to the bylaws, vague statements... After this series of moves, where's the transparency? It's long gone.
BNC's recent actions are indeed a bit outrageous. Where's the promised decentralization?
The CEO says there are no new tokens, but then they are caught on camera discussing new tokens. I can see through this trick with my eyes closed.
Restricting shareholders' rights while claiming to protect is truly unbelievable.
The CEO has already said one thing and then denied it. Can this logic hold up? Haha
The poison pill plan combined with amending the bylaws and adding a token riddle master—no matter how you look at it, it seems like they're strengthening their own power.
What about transparency? Is this what Web3 is supposed to look like?
Let's wait and see how things develop; there should be more good shows ahead.
Poison pill + amending the bylaws + hiding tokens—this combination of tactics is really setting a trap for themselves. The transparency risk factor has already exploded. I bet there will be more to this story.
By the way, who still believes official statements? On-chain data is the real deal. YZi’s evidence collection ability is pretty good, but BNC’s recent moves do seem like they’re laying the groundwork before a major action.
Just whip out the evidence and slap them in the face. This is what web3 should look like—comfortable.