@gimre
legal entity - ok. But this: "The legal entity will not only control the funds but actually own them to do as they wish ...No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc." is a no go.
We will expect some people will be paid for sure. It cannot be pro-bono. Would you spend your time in there, pro-bono?
No i wouldnt but I dont like a board of directors assigning themselves a wage that they deem fair either out of community funds. Yes the guys who hold the keys to the funds now could run away with them as you say, but that would be stealing and would kill their current holdings value not to mention the project (NEM) in general. Giving ownership of the funds to a legal entity in which they have the power to sign checks as they see fit is not ideal either.
Dont get me wrong, I am not trying derail a plan that is being attempted with good intentions (probably) but making an announcement that there will be a vote with a deadline of the 14th of Aug in which the main beneficiaries have the power to win that vote and in which the community loses all control of the community funds is rushed to say the least.