It would have sound more promising if realsolid took the effort to enlist MCXFee on Bitfunder, Havelock and crytostocks. Generally really solid no one gives a satoshi about your identity the people just want the peace of mind knowing that someone out there knows it and willing to help in case you decided to screw us all over.
When I put money in a bank account I don't get to own the bank either. I might get some interest if I am lucky. mcxFEE are not stock equities, they are not intended to give you part ownership of mcxNOW, they are a simple investment vehicle like units in an investment fund, you are trying to compare them to something they were never intended to be.
Another benefit of the model he chose is avoidance of securities laws around the trading of ownership, which I believe would be an issue in Australia (as well as most of the developed world). The part which concerns me is that the Fee holders are provided no voting rights which IMHO should be offered as part of the package even though ownership has not been transferred, even if they were only afforded a 51% to 70% vote against the owner cumulatively it would allow them to form super majorities if something particularly negative were to be introduced and the owner still effectively has full control of the system in all other cases. Ultimately the purpose of this is to view true community reaction to the happenings of the exchange and provide a valuable record to how these decisions have been handled.
Would be a nice feature for fee holders to ask for and might increase desirability even further regarding fee shares.....