@CedarDAO Community:
NOTICE OF MATERIAL GOVERNANCE DISCLOSURE: EVERGROW FOUNDER AND TEAM TOKENS
Today I am publishing a disclosure to the DAO regarding information that may materially impact governance, voting power, and token classification.
The DAOβs legal counsel advised that this information may be material and that the DAO should be made aware promptly.
This issue arose independently as the Acting Committee was preparing to undertake a broader independent review and legal analysis of other governance matters (including prior proposals, asset conversions without formal agreements, intellectual property matters, and project ownership structure).
This disclosure is focused specifically on EverGrow founder and team tokens due to its potential materiality and lack of prior DAO knowledge, this matter was prioritized.
This notice has been prepared independently and in good faith as part of my fiduciary duty to the DAO as a United States citizen, to ensure the DAO is properly informed.
As a final note, while I rarely disable comments, comments have been turned off for this post due to the sensitivity of this subject matter and out of respect for the DAO and its governance processes.
To ensure questions are addressed clearly and consistently, please submit them via direct message as outlined in the closing section of the Notice. Responses will be compiled in writing so that the broader DAO remains informed.
Read the full document here: https://t.co/cA22AtoFXp
@PaulTreffx@IamDWild@CedarDAO@MariosDemX And further @PaulTreffx everything is held in multisig and everything that I've done has been in further support of multisigs so what money am I desiring to take exactly? π₯±
You shill just to piss me off, really mature and great way to lead. You shilling your meme pisses off the community members that you have so much love for...
This is all about money for me, what money? A couple hundred thousand dollars maybe? You think I've KYCd etc with a third party company, 2 law firms, a directorship company, and a security firm to take money? You're a really smart man.
Still only people that @SamCKx follows can reply. He doesn't follow anyone that doesn't agree with him. He unfollowed me a few weeks ago so that I can't respond to his bullshit.
Yes, Sam is just a holder CedarFam. He never owned Cedar, that's what he has told us. So many times, so many places, in so many spaces π But now the story has changedπ€
And today he says that he told us at launch that he owned Cedar. π²But he recently has been saying that he told us in 2022 π₯΄ Guess what Fam, he didn't tell you first. I told you first in November/December of last year which was 2025 and not 2022... π€
If you are a Cedar DAO token holder, then let me say this to you:
I am a Cedar DAO token holder. Our goals are 100% aligned.
I quit my job and have dedicated almost 5 years of my life to this project and community.
It has been the most toxic, damaging and stressful experience of my life.
I entered this project with a great career and a 20 year record of excellence and success in business; an impeccable reputation.
If Atlas/Cedar fails, that's my entire legacy destroyed and years of my life wasted.
There is a concerted campaign right now to drive a wedge between us holders. To try to make you believe that I can somehow personally benefit from all this at the cost of other holders. That simply does not hold up to scrutiny. It is a logical fallacy. If we fail, we fail together. If we succeed, this becomes one of the most remarkable stories in DeFi.
Right now, the most important thing we can do is stand firm. The external toxicity we have dealt with for so long has now seeped inside, and it is more dangerous than ever.
The only way we get through this is together. We stay united, and we keep moving forward.
We are Cedar.
Hi Ant, after responding here I am going to mute myself from socials regarding the subject matter of all of this for a few days.
I agree, most business owners say βwe.β I do the same.Β
But thatβs exactly the point, using βweβ is not a clear or sufficient way to disclose personal ownership of assets, especially where those assets were publicly represented for years after this tweet as team/project-related and community owned...
If that tweet is being relied on as the sole disclosure that Sam privately owns the founder tokens, team tokens, and that he privately owned EverGrow via a private company that he created and privately owned all alone, then it should have been stated plainly and unambiguously stated, not implied through general language that can reasonably be interpreted as referring to the community's company "our company".
I own my company by myself and I don't refer to it as our company. I say, "the company" or "my company". I've never referred to Brigadier Construction Services (thanks Steve, Nick, and Sam for doxxing me) as "our company". Never because I am the 100% owner...
Something along the lines of, βI personally own these assets through my private company, they are not community-owned, the LP and the token belongs to the community and I own the assets to include all of the taxes that is sitting in all of the wallets...β
That level of clarity matters when youβre talking about control, treasury characterization, and voting power.
Especially given the volume of public statements, posts, replies, comments, audio clips, and videos that you authored and said for years after the tweet.Β
Communications that framed those wallets as team/project-related and communications that framed EGC as the community's Project, and communications that framed Atlas Wallet as the community's wallet...
This isnβt about whether people say βwe.β Itβs about whether a reasonable holder would have understood, clearly and at the time, that these assets were privately owned and so from that point forward they were aware that if they bought anymore or bought for the first time that they were buying into a private project and that their taxes were going to an individual that could do whatever they desired with the funds because they belonged to him.
π«‘
Hi Ant, after responding here I am going to mute myself from socials regarding the subject matter of all of this for a few days.
I agree, most business owners say βwe.β I do the same.Β
But thatβs exactly the point, using βweβ is not a clear or sufficient way to disclose personal ownership of assets, especially where those assets were publicly represented for years after this tweet as team/project-related and community owned...
If that tweet is being relied on as the sole disclosure that Sam privately owns the founder tokens, team tokens, and that he privately owned EverGrow via a private company that he created and privately owned all alone, then it should have been stated plainly and unambiguously stated, not implied through general language that can reasonably be interpreted as referring to the community's company "our company".
I own my company by myself and I don't refer to it as our company. I say, "the company" or "my company". I've never referred to Brigadier Construction Services (thanks Steve, Nick, and Sam for doxxing me) as "our company". Never because I am the 100% owner...
Something along the lines of, βI personally own these assets through my private company, they are not community-owned, the LP and the token belongs to the community and I own the assets to include all of the taxes that is sitting in all of the wallets...β
That level of clarity matters when youβre talking about control, treasury characterization, and voting power.
Especially given the volume of public statements, posts, replies, comments, audio clips, and videos that you authored and said for years after the tweet.Β
Communications that framed those wallets as team/project-related and communications that framed EGC as the community's Project, and communications that framed Atlas Wallet as the community's wallet...
This isnβt about whether people say βwe.β Itβs about whether a reasonable holder would have understood, clearly and at the time, that these assets were privately owned and so from that point forward they were aware that if they bought anymore or bought for the first time that they were buying into a private project and that their taxes were going to an individual that could do whatever they desired with the funds because they belonged to him.
π«‘
False, yet again. Operations were moved, under signed agreement from the founder, to EverGrow Marketing Ltd in September 2022. This tweet was online for 3 years, Shawnte. No one objected to this structure ever, not once, until you decided to try to reinvent history. As always, you lie, I bring receipts. Nice try.
@LeftyCurved@SamCKx Yeah because now he says it was privately owned by him. Not Paul, not Rocket, not Cody, not anyone else but him.
"Our" was supposed to be the community. He knows it. We know it. Paul knows it. Moon knows it. Steve knows it. Rocket knows it. Cody knows it. Everyone knows it.
Shawnte's MO is always the same. She writes posts like this laced with countless misrepresentations and lies, then it gets retweeted and liked by the 15 or so anonymous accounts who have hated our community for years, and it makes her feel like she got a win. So let's go through this:
1) Absolutely LOADS of early stage startups issue non-voting shares. I am literally in an M&A situation right now with one of my companies I am a VC for, where ALL our shares are non-voting apart from the CEO. This is very normal for early stage startups. Even more typical for crowd-funded companies, whose holders almost never have voting rights. This is not intended to hurt the company, it's intended to benefit ALL shareholders. Shawnte thinks if she just says stuff, even if it's untrue, enough people will believe it.
2) If you listen to the Spaces, rather than Shawnte, you will hear that we openly discussed the timing of the funding - I need financial records for Atlas, officially under the company, to prove efficient financial management to prospective VCS. I have 1 year of those now. Ideally I would have more.
3) Are we asking VCs to invest in the DAO?! No we are not. We are asking them to invest in a tech company, where if you guys had voting shares, you would control every single vote. A group of anonymous people controlling the governance of a company we will be asking VCs to invest millions in. Utterly unrealistic. I know this world, I am part of it, and I would never touch a company at an early stage knowing I had effectively zero voting rights - the DAO would have total control over every vote. Look how much Shawnte is objecting to knowing I have a few percent in voting rights over Cedar - she is saying that is highly damaging for you all and that with that modest percent I can control votes - how does she reconcile that contradiction?
4) Look at the way she openly lies to you all - where on earth does she get a "$600k salary" from? Who is getting paid $600k? She just says stuff, she knows it's a lie (she previously said I somehow own 25% of Cedar!!!). She just makes stuff up to mislead you all and she doesn't give a damn. Then she says I am the one full of poopy?! Lol
Anyway, back to my day.
@live4offrd@SamCKx And he also told us that fudsters would drive him away from Atlas Wallet if he had oversight from the DAO in the form of shares with voting rights and a seat on the board. He said that he was willing to resign and return the funds.
@LeftyCurved@SamCKx Because he figured if it was deleted that it didn't exist. He forgot that we don't have flip phones without the Internet that have the ability to screenshot and preserve.
I don't have a linked in account for Cedar genius. Look at that dumb account. If this is what you're on and you want to run for election hopefully people realize that you will be much the same as all of the other folks that resigned in November. The Sam guppies who tried to ignore legal advise and sign a one-sided document that Sam kept trying to make us sign with the threat that he would walk if we refused. We refused and he is still here trying to hang his hat on one unclear tweet where he referenced EverGrow Marketing as "our company"...