DCC 0.00% 5.4¢ digitalx limited

Ann: Ex C & W CEO New Equity Partner in AirPocket JVC, page-84

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    i wouldnt worry about it too much, i think youre over analyzing it

    think of lots of tech startups in their infancy, most get partners on board with equity into the project - a lot of companies did like facebook and twitter, i think there was even a story about a guy who painted facebook's offices in the early days getting a bunch of shares given to him by mark zuckerburg.

    think of it like an incentive to perform, they now have a stake in this vehicle and you can read about who these guys are, they clearly have a lot of high level connections in business and most likely politics (ex telecom ceo is on the chamber of commerce, or equivalent). 75% is the the lion's share. i don't think the management of dcc would so willfully give up equity if they didn't think the partners were worth it.
 
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