Constellation Labs Daily Fud Tracker

CEO/Founder quitting/removed - Still no word from the team after months of promises to give clarification. It has now been confirmed he is no longer CEO but no idea why/how he left.

Day trading funds for losses: This is the worst fud so far, the team still refuses to give a solid Yes/No if it happened. Based on how hard they avoid this question it looks likely it happened.

Did DAG hang on to their ETH, or did they cash it out after SAFT round? Rumor has it they kept quite a bit of ETH to see if it would go up and continued to hold it through the bear market. The big question, do they have the funds to execute their vision or did the market losses and day trading wipe out a large portion of their capital.

Who is COO now that the former COO has taken the place of the CEO. When will a new COO be hired? COO is a very important role, you cant run a project of this size without a COO.

What is the track record of the new CEO? I couldnt find any evidence that he has the experience to run such a large project. This is a problem, the CEO is a crucial role in any company.

Did they replace their VP of Product Engineering? As far as I can see he quit publicly and was never replaced.

When does the new road map come out? They seem incapable of providing or sticking to any deadlines which is a bad sign.

When will they release new token economics? Statements about what they plan to do mean nothing, so far all they have released is an abstract idea what they plan to do with no details.

Are they paying community members to spread lies and misinformation through their Orion Portal? This seemed to be a very real accusation because once it was brought up suddenly all the bullshit threads about partnerships with IBM and fake fud somehow disappeared.

>If you have new information to add or proving anything to be true, false, or otherwise please post it here. I will keep this updated daily and try to be as fair as possible.

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They are on record saying their attorney advised them not to comment of the CEO day trading allegations. It's been months, and I don't see any legal reason they can't make some sort of statement about what happened. They claim there are strict US laws about this but I have never seen a situation that restricted a company from releasing basic information about a removed/fired/quit CEO.
Honestly I don't buy it, they are hiding something serious. This can't be explained away as standard procedure or business as usual. Unless law enforcement is involved in a deep ongoing investigation there is no reason they can't make a statement after such a long time. I imagine they are in some serious trouble and releasing the real explaination would be the end of DAG

I can't believe more of their community, are not pressing this CEO day trading thing harder. If true they are finished. If it's not true they are stupid for letting it kill their reputation. My opinion is nobody is that stupid, so there must be something really bad that happened. Not sure what they have to do from a legal position, probably nothing. I doubt they can be sued for not releasing this info though I could be wrong. Even without an obligation to report crimes or other issues their investment community will shun them for lack of transparency.

Does anyone know any other cases where a company couldnt legally explain the dismissal of a CEO? Maybe that could give us clues to the type of legal trouble involved.
I have to agree though, I dont think they would be breaking some kind of law by giving a basic explanation. I tried to google around and found nothing, no similar cases in any other company....ever. Looks like they are using the "legal reasons" as a cop out so they can delay the bad news or release it coupled with some good news. Looks real bad either way.

Looks like a typical shit project.

Their engineering roadmap will be released soon. Get ready for 2017 level gains boys

Rajesh here, I support the accusations my good sir, here's my wallet: 0x06819e5d561f56abe1fb99b0e3212269f06b38af

The level of delusion thinking 2017 type gains will ever happen again. The greater fools already spent their money on shitcoins and lost, they wont be back.
Thanks DAG PR team, thats some brainlet level craftiness.

You forgot to add that they were banning their own investors from the TG for asking what happened to the CEO and the day trading accusations, then scrubbing it clean afterwards like it never happened.
I got out but those who stayed in must be mad as hell. They are brushing it all under the rug and hoping people will eventually stop asking. Someone needs to take this conversation mainstream if they want to get an answer. People should post it in their Reddit and on twitter

Thanks I will add that in tomorrows thread. And agreed this really needs to go mainstream to get some results. People are working on that, its clear the team wont answer until a higher authority or press force them to.

If this team runs out of funds or this CEO legal situation causes the company to fold I am going to be really fucking mad. It's like going to Chuck e. Cheese and buying years supply of tokens when they know the machines aren't going to work in the future

lmao retards they just addressed it, now what? BWUHAHAHAHA fucking retarded concern trolls

Are you really this fucking stupid? They announced the visionary Founder and CEO has stepped down to do something completely different? As the largest token holder he then surrenders them all to the community and takes nothing in return?
And it took them 3 months to tell us that with lawyers and hush orders LOL.
You blind fuck it's all but confirmed he was day trading investor funds and took huge losses. Try getting them to answer that one, bet you can't.

if there is so much damning evidence against them, show it and we can end this right now. im sick of these threads every god damn day lol

Oh god this is funny. Yeah he totally just gave up everything and removed himself from his own company to do something new. Supposedly giving up hundreds of millions of DAG for no reason at all and that's why they needed months and a bunch of lawyers. Full of shit answer that makes no sense but the shill community will plug their ears and pretend that's what really happened

> VISIONARY Founder
> Day traded investor funds
Can't believe the amount of stupidity in a single statement. I feel sorry for your parents Rafael, for growing up to be a brainlet LOL buy high sell low eh?

Not Rafael but you can call me that if it makes you feel better.
Also if you think that statement is backed by any amount of logic you deserve to lose every dollar you put in.
One of 3 things happened.
1. He was ousted for doing something he shouldn't have.
2. He saw his own project was a dead end and walked away giving up hundreds of millions of DAG which you claim are so valuable. By doing this he wouldn't even think hundreds of millions of DAG were worth his time.
3. He just walked away from what he thought would be a top crypto currency because he wanted to work on something else and also thought he should receive no compensation from the company he founded and launched.

> Protip only a fucking retard beleives #3 holy shit how delusional are you people?

Whatever you paid for DAG was bought high, and the only reason you didn't sell low is because you were to much of a brainlet to sell. This coin is on a speed train to zero and the company is broke. Day traded funds for massive losses, you can bet your ass on it. Nobody walks away from that big of a stake in a project unless they think it's rekt or unless they are the ones who rekt it.

Per Altif on Telegram:
AL Brown | Constellation:
Brendan is stepping down as the CEO of Constellation Labs and as a member of the Constellation Foundation board to focus his attention on his passion for the consumer adoption of blockchain technology in developing economies and nations. Constellation has been restructuring the organization where the founders empower cross departmental alliances and decision-making. The company has named Ben Jorgensen CEO and Brendan’s tokens remain with the foundation.

As a result, Brendan sees an opportunity to leverage his strengths to other blockchain and community based initiatives. Given his strengths that include product development, growth and design, as well as engaging with a broad community, he sees the opportunity to support Constellation and the blockchain space as a whole while not being a part of the day to day operations. Stepping back from Constellation will allow the organization to focus on building and deploying the Constellation mainnet. Constellation wishes Brendan the best in his future endeavors

Brendan has officially stepped down. No mention of daytrading allegations. Take it as you will.

Umm how does this make sense? He just walked away from a huge stake in the company to follow his passion? This motherfucker raised 33M for this exact project that he himself came up with. I don't buy this bullshit for a second.
He is the biggest stake holders in DAG. Does he think the project is shit? None of this makes any sense.

It's a formal memo that he is no longer part of the company. It does make sense in a way because he was someone who wanted to bring this platform to third worlders whereas the company is now entirely focused on enterprise adoption similar to RChain or Dfinity. I guarantee there was internal conflict and a mutual decision for him to leave was formed. As far as the day trading allegations- well their refusal to acknowledge it is all you need to know. I'm quite certain they have their budget in order with Mathias in charge of their finances.
I am a bagholder so take this interpretation with a grain of salt.

All in. Join me bros.

He is founder and CEO, at no time in histrory has a founder of a $30M+ startup left in the first 6 months over creative differences. The reason why that never happened before is because the CEO chooses the direction of the company and people below them follow orders or leave.
What they are saying is that not only did he leave his own company over creative differences, he also forfeited hundreds of millions of tokens in the process. Not a chance thats what happened.
3 months of lawyers and secrecy for that statement, are you kidding me?
Day trading allegations i agree its pretty obvious at this point and any intelligent person knows it. Thats great Mateo is now in charge of the funds, what matters is how much is left. Day trading through that bear market with big money would mean deep losses. If true they need to raise money again and what do you think is going to happen to your tokens? You think some investor is going to come in and buy at the rate they bought at before, no way. You are going to get diluted to nothing, bag holders get fucked hard if they raise again. Plus the SEC would be up their ass from all the disgruntled folks in the SAFT round. If they are caught day trading they will get their assets seized and you get back a small fraction of what you put in. Does none of this concern you?

Bad move. No hedges is retarded. At least keep money on the sidelines until December 1st.
Of course it concerns me, it's fucked up bro. I have other bags in case this actually dumps to zero.

Brendan was just in TG, one of the main supports said let's just get this fud out of the way, can you deny the day trading allegations. He was ignored.
I think we have our answer officially. Someone needs to press them to make a statement, there are no lawyers anymore this is a Yes or a No for Christmas sake. If they can't answer now it's 100% true in my book and people are going to dump hard including me

why is business talk so cringeworthy?

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doesn't all resources come from a 0.1% and the 99.9% are merely sucking each other cocks to have their share of what the 0.1% produce?

I saw this in TG and my bags feel a helluva lot heavier. The fuck he didn't just dispute it, he looks so guilty now. That story why he's leaving was fake af. It's now confirmed he was trading funds, question is how much is left. Not sure I'm going to stick around to find out

It's confirmed, he was day trading for sure. Somehow their shills will turn this into a life lesson or loss leader LOL. Dag is done. Nothing more to say, they couldn't even come up with a story that was believable. The FUD ended up being fact. Anyone putting in money now is just throwing it in the trash, this token is going to sink like a rock.