π¨π¨π¨ATTENTION π¨π¨π¨
π΄π΄π΄CEA is already transitioning Namdar out as CEO, but at the same time giving him a sizable compensation package. The fixed disclosed pieces alone are $1.275M, plus the monthly $50k until separation, plus the stock-price-linked cash payment tied to 132,000 shares.
BELOW ARE HIS ACCOMPLISHMENTS:
π΄CEA says the asset manager is majority-owned and controlled by Hans Thomas and that it recorded $3.8 million of management fees from June 7, 2025, through January 31, 2026, with $0.6 million accrued but unpaid as of January 31 (Basically stealing in day light)
π΄ CEA says it is now trying to renegotiate that agreement to get βmarket standard arms-length termsβ and reduced management fees. QUESTION: why was the original deal not already market-standard and armβs-length?
π΄The companyβs reporting controls were not effective, and fixing them may not even be economically feasible. Amazing work David Namdar
@namdar "Co-Founder of GALAXY DIGITAL"
π΄Management is spending shareholder money on advisor armies, integration cleanup, and activist defense instead of showing a cleaner operating model. AGAIN, THANK YOU
@namdar and
@10XCapitalUSA
π΄CEA Industries was already under governance scrutiny and then discloses litigation naming a fat Hans Thomas and alleging fraud-related claims.