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The DAO explained well
- andrewfromx 10y ago"Imagine a world where Apple shareholders who've had it with Tim Cook and lose a proxy fight to unseat him set up a new company called Dapple with new top management. By right, Dapple starts off with those shareholders' aliquot share of Apple's legendary cash hoard – plus the right to their aliquot share in the profits from every Apple product on sale at the time of the split. Imagine the possibilities, and the perils."
- dv_dt 10y agoWhat is that split worth if the shareholders of the original company hold the IP and other resources, like hard capital equipment/factories? It might just make companies under DAO hold more capital assets, no cash, and lots of debt... for that matter if you split off, do the new share holders take a slice of the debt too? Do they have rights to use or sell licences to IP of the original company?
- andrewfromx 10y agothese are good questions. I hope some DAO experts show up on this thread :)