This is can’t be further from true
Cakepie team listened to the community and they made some efforts to support mCAKE.
See governances proposals below & mCAKE as collateral on ListaDAO
As the subdao is growing it eventually become harder to sustain the liquid wrapper. Those solutions are sustainable on the long term and mCAKE was supposed to recover overtime
Not true at all, CakePie managed to get more than 12M of $CAKE out of the circulation. They also helped many protocols to bootstrap their liquidity on PancakeSwap via the bribes system.