The NGO first came to light via the newspaper (sorry, I don't have the link). I'm unsure about Rand Cam.
WBTS Rand Cam Scandal
by nemo 53 Replies latest watchtower scandals
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nemo
I am unclear what bttt.. means
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kls
Nemo bttt means back to the top,,,,,,,,,it is putting it at the beginning so folks will see it and give you the answers you are looking for.
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Gerard
When people exposed this scandal, was it over the interenet, read in a newsletter.....anyone know how this first came to light, NGO and Rand CAM
WT's (NGO) membership to the United Nation's department of public information (DPI) was first reported in October 2001 by the british newspaper The Guardian. Check out the facts at: http://www.randytv.com/secret/unitednations.htm WT's ownership of Rand Cam, Rand Energy Group and REGI stocks was unveiled -I believe- in this board some 2 or 3 years ago. It may have been discovered by entering WATCHTOWER as the word search in the 10K Wizard database (http://www.tenkwizard.com/). It was in Sept 2002 when a review article was first posted in the internet: http://www.geocities.com/wtgreed/article.htm Don't be afraid to keep on asking for the facts, Cheers, Gerry
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nemo
I have another question, I have been looking for information into the fact the WBTS has stated for years that part of the remnant will still be alive in the time of the end but I think they have changed there view on this.
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nemo
There was a section about the wireless telecommunications bureau? Does anyone know what that is about? I know about the Rand Cam and the UN now I really want to know more. You guys are the best.
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myauntfanny
I have another question, I have been looking for information into the fact the WBTS has stated for years that part of the remnant will still be alive in the time of the end but I think they have changed there view on this.
I'm sure someone a lot more knowledgeable than me will answer this in more detail, but I know that the generation thing has changed, and they are no longer saying this.
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Nathan Natas
The Watchtower was mentioned at least three times in each annual report filed by RGUS from at least 1996 until 2002. In the 2003 annual report they are completely omitted.
Here are sections of the 2002 report and the 2003 report compared:
(2002):
"ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth, as of July 31, 2002, our outstanding Class A Common Stock owned of record or beneficially by each person who owned of record, or was known by us to own beneficially, more than 5% of our Common Stock, and the name and shareholdings of each Executive Officer and Director and all Executive Officers and Directors as a group. A person is deemed to be the beneficial owner of securities that can be acquired by such person within 60 days from the date of this report upon the exercise of warrants or options. Each beneficial owner's percentage ownership is determined by assuming that options that are held by such person and which are exercisable within 60 days from the date are exercised.
Name Class A Shares Owned Percentage of Class A Shares Owned
John G. Robertson,
Chairman of the Board
of Directors, President
and Director (1) (2) 5,781,350 51.22%The Watchtower Society (3) 5,073,200 44.94%
James McCann (4) 5,073,200 44.94%
Rand Energy Group Inc. (5) 5,073,200 44.94%
Jennifer Lorette,
Vice President and Director (6) 85,500 *James Vandeberg, Chief Operating
Officer and Director (7) 76,000 *Patrick Badgley,
Vice President, Research
and Development and Director (8) 75,000 *ALL EXECUTIVE OFFICERS & DIRECTORS
AS A GROUP (FOUR INDIVIDUALS) (9) 6,017,850 53.31%Except as noted below, all shares are held beneficially and of record and each record shareholder has sole voting and investment power.
*Less than one percent of the issued and outstanding on July 31, 2002 which was 11,287,935"
(2003):
"ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth, as of July 15, 2003, our outstanding Class A Common Stock owned of record or beneficially by each person who owned of record, or was known by us to own beneficially, more than 5% of our Common Stock, and the name and
shareholdings of each Executive Officer and Director and all Executive Officers and Directors as a group. A person is deemed to be the beneficial owner of securities that can be acquired by such person within 60 days from the date of this report upon the exercise of warrants or options. Each beneficial owner's percentage ownership is determined by assuming that options that are held by such person and which are exercisable within 60 days from the date are exercised.Name Class A Shares Owned Percentage of Class A Shares Owned
John G. Robertson, Chairman of the Board 10,821,350 60.84%
of Directors, President and Director (1) (2) (3) (4)James McCann (5) 5,063,200 28.46%
Rand Energy Group Inc. (6) 5,063,200 28.46%
Jennifer Lorette, Vice President and 150,500 *
Director (7)James Vandeberg, Chief Operating Officer 76,000 *
and Director (8)Patrick Badgley, Vice President, Research 150,000 *
and Development and Director (9)ALL EXECUTIVE OFFICERS & 11,197,850 62.95%
DIRECTORS AS A GROUP (FOUR INDIVIDUALS) (10)Except as noted below, all shares are held beneficially and of record and each record shareholder has sole voting and investment power.
*Less than one percent of the issued and outstanding on July 15, 2003, which was 17,787,935
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
(2002):
"Rand Cam Engine Corp. is a privately held company whose stock is reportedly owned 50% by The Watchtower Society, a religious organization, 34% by James McCann and the balance by several other shareholders. Mr. McCann has indicated that he donated the shares held by The Watchtower Society to that organization but has retained a voting proxy for those shares. Accordingly, in Notes (3) and (4) above, beneficial ownership of the 5,073,200 shares registered in the name of Rand Energy Group Inc. has been attributed to The Watchtower Society and Mr. McCann. We believe it would be misleading and not provide clear disclosure to list as beneficial owners in the table the other entities and persons discussed in this paragraph, although a strict reading of Rule 13d-3 under the Securities Exchange Act of 1934 might require each such entity and person to be listed in the beneficial ownership table."
(2003):
"Rand Cam Engine Corp. is a privately held company whose stock is controlled by James McCann and minor interest by several other shareholders. We believe it would be misleading and not provide clear disclosure to list as beneficial owners in the table the other entities and persons discussed in this paragraph, although a strict reading of Rule 13d-3 under the Securities Exchange Act of 1934 might require each such entity and person to be listed in the beneficial ownership table."
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(2002):
"We are controlled by Rand Energy Group Inc., a privately held British Columbia corporation ("RAND"), which, in turn, is controlled 51% by Reg Technologies Inc., a publicly held British Columbia corporation ("Reg Tech") and 49% by Rand Cam Engine Corp. SMR Investment Ltd., a British Columbia corporation, holds a controlling interest in Reg Technologies Inc. Since May 1977 Mr. Robertson has been President and a member of the Board of Directors of SMR Investments Ltd. Susanne M. Robertson, Mr. Robertson's wife, owns SMR Investment Ltd. Rand Cam Engine Corp. is a privately held company whose stock is reportedly owned 50% by The Watchtower Society, a religious organization, 34% by James McCann and the balance by several other shareholders. Mr. McCann has indicated that he donated the shares held by The Watchtower Society to that organization but has retained a voting proxy for those shares."
(2003):
"We are controlled by Rand Energy Group Inc., a privately held British Columbia corporation ("RAND"), which, in turn, is controlled 51% by Reg Technologies Inc., a publicly held British Columbia corporation ("Reg Tech") and 49% by Rand Cam Engine Corp. SMR Investment Ltd., a British Columbia corporation, holds a controlling interest in Reg Technologies Inc. Since May 1977 Mr. Robertson has been President and a member of the Board of Directors of SMR Investments Ltd. Susanne M. Robertson, Mr. Robertson's wife, owns SMR Investment Ltd. Rand Cam Engine Corp. is a privately held company whose stock is reportedly majority owned and controlled by James McCann and the balance by several other shareholders."
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The highlighting and emphasis in the above text is my own.
We can plainly see that it cannot be claimed that the WTS was mentioned accidentally or that the statements concerning WTS ownership of more than five million shares of stock were in error.
From the ownership figures given above, one might guess that Mr. Robertson took back the majority of the shares and divied the remaining shares up between the other officers of the company.
Sidenote: It is interesting that the company increased the number of outstanding shares by 6,500,000 (57%) between 2002 and 2003 - that's like printing your own money. At today's prices, that's an extra $1,300,000.