"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."
What 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?
these are good questions. I hope some DAO experts show up on this thread :)