Does the WT Society trade/own stocks?

by ThomasCovenant 4 Replies latest watchtower scandals

  • ThomasCovenant
    ThomasCovenant

    Hi

    Is there a way of showing a JW that the Society deals in stocks and shares and therefore it is ok for individual JW's to do likewise?

    Thanks

    Thomas Covenant

  • BabaYaga
    BabaYaga

    Not only owns shares, but owns stock in weaponry, apparently.

    http://www.jehovahs-witness.net/jw/friends/12535/1/Is-there-proof-WTS-owns-shares-in-weapons

    I'm sure many more will come through with other examples for you.

  • Atlantis
    Atlantis

    (Credit goes to Metatron. This was posted years ago). Home Solutions of America is an organization who owns sub-companies who work directly for the Military. This company is partnered with the Watchtower Bible and Tract Society of Pennsylvania, Inc. in a stock purchase agreement. How many times do you see the word "stock" below? **************************************************************

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, DC 20549

    FORM 8-K

    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

    Date of Report (Date of earliest event reported) July 19, 2004

    HOME SOLUTIONS OF AMERICA, INC. (Exact Name of Registrant as Specified in Its Charter)

    Delaware (State or Other Jurisdiction of Incorporation)

    0-22388 99-0273889 (Commission File Number (IRS Employer Identification No.)

    5565 Red Bird Center Drive, Suite 150, Dallas Texas 75237 (Address of Principal Executive Offices) (Zip Code)

    (214) 623-8446 (Registrant's Telephone Number, Including Area Code)

    (Former Name or Former Address, if Changed Since Last Report)

    ITEM 5. OTHER EVENTS.

    On July 19, 2004, Home Solutions of America, Inc. (the "Registrant") completed a private placement with two institutional investors (the "Investors") whereby the Investors purchased $1,000,000 of Home Solutions' Series B Convertible Preferred Stock, which is convertible into its common stock at a price of $1.50 per share. The net proceeds of such offering will be used for acquisition financing and general working capital needs. The preferred shares issued in this offering were not registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered for sale or sold absent registration under the Act or an applicable exemption from the registration requirements of the Act.

    The Registrant also entered into a Financial Advisory Agreement with the Investors, and issued the investors an aggregate of 666,667 warrants to purchase the Registrant's common stock at $1.75 per share in connection therewith, pursuant to which the Investors will assist the Registrant with the financing of the RAM Home Warranty acquisition, which is under a Stock Purchase Agreement among the Registrant and the current owners of such companies dated July 1, 2004 (attached hereto as an exhibit), and is subject to certain closing conditions, as previously announced by the Registrant.

    Certain agreements related to the transactions described above are attached hereto as exhibits and incorporated herein by reference.



    ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

    (c) Exhibits

    2.1

    Stock Purchase Agreement, dated July 1, 2004, by and among Home Solutions of America, Inc., RAM Home Warranty Holding Corp., John Mazurkiewitz, Melinda Mazurkiewitz, and Watch Tower Bible & Tract Society of Pennsylvania, Inc.

    3.1

    Certificate of Designation of the Relative Rights and Preferences of the Series B Convertible Preferred Stock of Home Solutions of America, Inc., as filed with the Secretary of State of Delaware on July 19, 2004.

    10.1

    Series B Convertible Preferred Stock Purchase Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc. and the purchasers of Series B Convertible Preferred Stock.

    10.2

    Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.

    10.3

    Financial Advisory Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.

    10.4

    Form of Series C Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July 19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.

    10.5

    Form of Series D Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.

    10.6

    Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.

    99.1

    Press Release dated July 20,2004.

    http://www.secinfo.com/dujPe.19k.htm

    Associated Press Home Solutions Unit Gets Air Force Pact

    Monday December 6, 12:59 pm ET

    Home Solutions of America Unit Gets $1.3 Million Air Force Contract to Remove Mold From Homes

    DALLAS (AP) -- Home Solutions of America Inc., a provider of specialty residential services, said Monday that its PW Stephens unit received a contract worth more than $1.3 million to remove mold from over 240 homes at Camp Pendleton Air Force base in Southern California.

    "The combination of continued backlog in California coupled with our recent contracts resulting from damage due to the hurricanes in Florida bode well for the 2005 fiscal year," said PWS president Scott Johnson.

    Shares of Home Solutions were up 2 percent, or 3 cents, at $1.50 in afternoon trading on the American Stock Exchange.

    http://www.jehovahs-witness.net/watchtower/scandals/81925/1/Watchtower-Dominated-Company-Does-Military-Work

    N.

  • Atlantis
    Atlantis
    Watchtower’s Investments
    in Warfare Technology

    "The first casualty of war is The Truth."

    Purpose

    The purpose of this review article is to determine whether the Watchtower Bible and Tract Society, Inc. (WT) owns shares of common stocks of armament-related industry and if positive, determine if they perform business transactions with the U.S. Department of Defense.

    Background

    The Watchtower Bible and Tract Society Inc. (WT) portrays itself as a pacifist, neutral, non-profit religious organization and a "direct channel to God". As a sign of respect to God, Watchtower’s members – the Jehovah’s Witnesses – must not accept blood transfusions, take part in any political, governmental or military organization and can not perform business transactions with such institutions. Under some prophetic speculation, the WT teaches its members that the United Nations is the embodiment of "The Beast" spoken of in the Bible's book of Revelation and that Earth is "Satan’s kingdom". The WT claims that the only safe group to be, grow and reach salvation is the Watchtower Bible and Tract Society of New York, Inc. The WT demands from its members high moral, social and "Christian" standards while condemning immorality and materialism.

    Once the new recruits accept the idea that the Watchtower is a "direct channel" of communication to God, they are told to accept every word coming from the headquarters located in Brooklin, NY. Questioning the doctrine or breaking any of its rules is equated to doubting the word of God himself and it is often severely punished by disfellowshiping (expulsion), which means this person must be shunned and ostracized by his/her own relatives and friends. Preventing independent thinking trough fear and guilt is a very effective thought-stoping process which allows the indoctrination process to implant more phobias and further the individual's need to belong and seek "shelter" under the mother organization, the Watchtower.

    Main Information Sources (Accessible trough enclosed hyperlinks, some of which are repeated as a reference to the cited statements. Note: In some cases the referred documents are extensive so electronic word searches are recommended.).

    1. Reg Tech/Regi News releases.

    2. Advanced Ceramics Research

    3. U.S. Navy

    4. U.S. Department of Defense

    5. U.S. House of Representatives

    6. U.S. Securities and Exchange Commission (SEC)
    http://www.geocities.com/wtgreed/article.htm N.
  • C. T. Russell
    C. T. Russell

    I think it’s safe to assume they don’t hide their money in a hole somewhere. The people in finance would always like to quote Luke 19:11-27. People just assume they don’t own stock. Trying to connect WT to the military through a contract with HSOA is weak. HSOA provides restoration services to homes damaged by floods, hurricanes, etc.

    What would get my attention is if there is evidence the WT used Katrina donations to purchase goods and services through HSOA vs. getting the best price. Then you would really have something.

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