I am against Ned and Justin Sun. Ned has mismanaged, lied, and done unethical things over the last 4 years, so has Justin Sun.
Whether or not anything is legally binding is another story, and that is different from what Steemit promised to not do.
Even if it was legal for Ned to sell Steemit Inc to Justin Sun, and Justin Sun to use that stake, it doesn't make a difference... The chain was attacked and taken over by Justin Sun, that is what is important.
This isn't a quesiton of legality for me as I don't care, most laws are arbitrary and I am not voluntarily allowed to get away from the government(they enslave us all and we are born as slaves into it). This is showing that Steemit Inc AKA Ned and team used a ninja mine give themselves a centralizing stake over their "decentralized blockchain".
People who are for decentralization cannot be neutral to this. This is a rich person (Justin Sun has 200 million USD+) using their money to centralize a blockchain and do whatever he wants. Theres no neutrality....
RE: Steem Ninja Mine and other important links