WBTS Rand Cam Scandal

by nemo 53 Replies latest watchtower scandals

Nathan Natas

PorkChop -
Try an experiment - spread the word in your congregation that YOU own stock (oh, let's say 15,000 shares, which would have cost you just a scootch more than $1000 when REGI was 7 cents a share). Don't ask anyone's opinion - just talk up the stock - how cool the technology is, how eager you are for it to get to two or three bucks a share. Just let the information incubate in the collective consciousness of the congregation for a few weeks. I'll bet you a nickle right now that you will soon have various members of the congregation suggesting that you are "spiritually weak." Eventually, an elder will probably be asked to have a little chat with you.
Do that for me, just as a little sociological experiment.
Why should the WTS leadership be exempt from the standards that it lays on the rank-and-file Dubs like yourself?
Evolution of WTS scandals:
1. A new scandal is evealed.
RESPONSE: "It's a LIE, spread by Satanic apostates!"
2. Irrefutable evidence is offered that the scandal is not a lie.
RESPONSE: "That's bullshit, it's a non-issue, it's not important"
3. The WTS takes action to un-do the scandal
RESPONSE: "That's history! It's been fixed! "Some Brothers" made bad decisions, but Jehovah is leading his organization every step of the way!
GOTO 1.
jwsons

I agree with Nathan. When UN Scandal first launched, WTS said "It's fraud. It's rumour from apostates." Then more secrets brought up to light, Guardian stirs up U.N. representatives. WTS still disclaimed it "We lie down with the wild beast just to read books from its library, not promote UN Charter and that time did not need to apply for association". And now it's on UN website clearly. WTS trying not to mention about it as much as they can. However, many left Society recently show WTS actually has the same mentality problem, as used to be.
jwsons bttt Here the Link and with US Navy Test Facilities
BluesBrother

I do not think that a thread on this subject should exclude the denial that the WTS made in 2002 They said that two brothers had owned the stock, they made an agreement to donate some of the profits to the Society unknown to them. Somehow, The WTBS were "Erroneously listed as a stockholder" and the matter was being corrected .
I am not saying that I buy that explanation necessarily, but the fact remains that they have refuted the claim, and their name disappeard from the later accounts of the company. That means that the issue is, for me, a non starter as far as dealing with active witnesses. Since they would never accept anything other than the WT answer
I had been all set to really go to town with this issue but I felt that the rug had been pulled from beneath my feet by such a total denial . If anyone has been successful in getting a later statement from Rand Cam, I would like to know.
Gerard

I can't find anything that says it has been deployed in any weapons system to date.

Dear Pork Brain, you seem to have selective attention deficit. Let me help you:
In December 6 th 2001, Watchtower?s "Sister Companies", publicly announced that a $850,000 U.S. Navy contract, topic# N01-144 ( contract # N00014-01-M-0208 ) had been awarded to Advanced Ceramics Research prime contractor , and REGI to build and test a Naval 0.5 horsepower ceramic engine which would allow for low radar signature and high temperature operation. This new motor is being developed for powering the U.S. Navy's new Smart War-fighter Array of Re-configurable Modules "SWARM", now renamed Silver Fox , a low cost unmanned aerial vehicle (UAV).

Recently, two more programs have just been funded (NAVY CONTRACT #s N41756-02-M-2026 and N41756-02-M-2037 ) by the Naval Surface Weapons Center for the development of high efficiency ceramic diesel engines for Silver Fox (SWARM) applications.

In May 29 th 2002, REGI signed a license agreement with Advanced Ceramics and Radian Military parts to further develop their Diesel Cam technology for the US Navy?s Unmanned Autonomous Vehicles (UAVs).

In February 24th 2003, Advanced Ceramics announced that SWARM orders booked in the first quarter are nearly $8 million. SEC filings reveal that REGI is receiving -from Advanced Ceramics- a royalty fee of 5% of the purchase price for any commercial and Navy applications.

In November 13th 2002, REGI US anounced a "42 Horsepower Diesel Engine -- for unmanned vehicle applications for helicopters (The Dragon Warrior). The design phase of this project is complete and fabrication of the engine has commenced. Planning for the test facility and test plan is also underway."

In March 2003, USAFA Disovery Magazine (U.S. Air Force Academy) anounced that the USAFA is procuring five Navy Silver Fox UAVs.

In April 8th 2003, the Navy?s Office of Naval Research (ONR) had a press release stating that the Silver Fox (SWARM) was being deployed to aid marine corps in Operation Iraqi Freedom. Observers said the drones for the most part performed well on the battle field.
jwsons

They want it... So BTTT
jwsons
avengers

excerpt: SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________________

FORM 10-KSB

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

For the Fiscal Year Ended April 30, 2001

COMMISSION FILE NO. 0-23920

REGI U.S., INC.
-----------------
(Name of small business issuer as specified in its charter)

OREGON 91-1580146
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)

185 - 10751 SHELLBRIDGE WAY
RICHMOND, BRITISH COLUMBIA V6X 2W8, CANADA
Name Class A Shares Owned Percentage of
Class A Shares
Owned
<S> <C> <C>
John G. Robertson, Chairman of the Board
of Directors, President and Director (1) (2) 5,966,050 58.37%
The Watchtower Society (3) 5,257,900 51.44%James McCann (4) 5,257,900 51.44%
Rand Energy Group Inc. (5) 5,257,900 51.44%
Jennifer Lorette, Vice President and
Director (6) 85,500 *
James Vandeberg, Chief Operating Officer
and Director 75,000 *
Patrick Badgley, Vice President, Research
and Development and Director
75,000 *
ALL EXECUTIVE OFFICERS &
DIRECTORS AS A GROUP (FOUR
INDIVIDUALS) (7) 6,201,550 60.67%
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 5,257,900 shares registered in the name
of Rand Energy Group Inc. has been attributed to The Watchtower Society and Mr.
McCann. http://www.stock-tracker.net/shownews.asp?id=72 Navy Contract Awarded For Immediate Release: December 6, 2001 - Vancouver B.C. - Reg Technologies, Inc. (RRE.V / OTC BB: REG RF) and its U.S. subsidiary REGI U.S., Inc. (OTC BB: RGUS) wish to announce that a U.S. Navy contract (SBIR No1-144) has been awardedto Advanced Ceramics Research (prime contractor) and REGI U.S., Inc. to build and test a Naval 0.5 horsepower ceramic engine. The proposed engine is a four stroke Rand Cam engine utilizing continuous injection and combustion in a single combustion chamber. The engine will be of all ceramic construction to permit high temperature operation, without cooling, to effectively burn hheavy oil. This new motor will be developed for powering the U.S. Navys new Smart War-fighter Array of Re-configurable Modules (SWARM) low cost unmanned aerial vehicle.

REGI U.S., Inc. is currently in negotiations with Advanced Ceramics Research to license the Ceramic Rand Cam Engine for commercial and U.S. Navy applications for this type of engine. REGI U.S., Inc. will receive 30% of the Phase I budget and 50% of the Phase II budget when awarded. The contract should start before the end of the calendar year. The total Phase I and Phase II budgets is expected to be $850,000 end of excerpt.
Pork Chop

Like I said, hasn't been deployed. Just checked it again. You evidently can't read and understand simple text. I'm finished talking to an obvious moron.
avengers

You evidently can't read and understand simple text. I'm finished talking to an obvious moron.

First off: The above is called a fallacy. Ad Hominem. It means that when you can't win an argument you start calling names.
I think it's against forum rules to use Ad Hominem.

The issue here is not whether the Watchtower made any money on their stock, nor whether the parts were deployed.
The issue at hand is: The Watchtower tells its followers not to invest in stocks which have to do with (for example)
tobacco, drugs, military and so on. If you do not obey you will be disfellowshipped.
Yet it's ok for the Watchtower to own stock for 16 years. After it was found out by an "apostate" they got rid of
the stock, gave it back to the "brothers" that originally gave them the stock. For 16 years they owned the stock
and yet they say that it was unbeknown to them. (and what about these "brothers")

I don't give a damn what they own. Even if they owned a whole army with guns. And I don't care whether they made bunches of money
on it, or nothing.
It's their hypocrisy and the hypocrisy of those that support the Watchtower ways that get me.
It just proves they're evil. It's this evil that the GB spreads amongst their followers which is bad.
And yes by the way. Many of us just can't understand simple text. But many of us do have the ability to see what is right
and what is wrong, some don't though.
Andy of the unable to read simple text and obviously is a moron class.
Gerard

Like I said, hasn't been deployed. > > > PorkChop

In April 8th 2003, the Navy?s Office of Naval Research (ONR) had a press release stating that the Silver Fox (SWARM) was being deployed to aid marine corps in Operation Iraqi Freedom. Observers said the drones for the most part performed well on field duty.
The Silver Fox was deployed in April to aid marine corps in Operation Iraqi Freedom. Observers said the drones for the most part performed well on field duty. "We sent an ONR team into the theater to deploy the Silver Fox following its transition from the original design," said Captain John Hobday, a naval reservist and director of Tech Solutions. Regarding its current mission, Rear Admiral Cohen said: "It's now being tasked to help our Marines on the ground." It isn't the only tactical UAV slated for testing during the second Gulf War. But the Fox has capabilities the other drones in its class lack. That task may change yet again, as more Silver Foxes are built. "If you could design a little weapon that weighs half a pound," the Office of Naval Research's Mittleman mused, the drone could become more than a mere observer. "The Silver Fox could become a robotic fighter, dealing pain from 500 feet."
Discovery Channel reports that eight Silver Foxes currently are receiving heavy use on the battlefield, and none has been shot down yet. While Senator John McCain (Arizona)" stated that "ninety Silver Fox systems were deployed for Operation Iraqi Freedom with great success.
amac

Nathan,
I'd have no problem taking your challenge. I could simply talk about stock in IBM. I guarantee you that they have military contracts and doubt anyone would bat an eye over it.
Nemo,
I would not spend too much time on the Rand Cam deal. I can't imagine many witnesses seeing it much more than a simple oversight and mistake. If I was you I'd focus your energy on the UN deal and even more so on the simple fact that the WT is overly dogmatic. Did you just get that letter read in your hall that pretty much tells the witnesses what kind of food they should be bringing to the assemblies? Talk about ridiculous...
But for your sake, here is my recollection of what happened with the Rand Cam deal....
A JW named James McCann owned a company called Rand Cam Engine Corp with which he developed a simple rotary engine. He donated half the stock to the WT but kept the voting proxy, so the WT was not involved in the company, they would have just received any dividends or profit from the stock sale (which is arguable and unprovable either way.)
Another company that owned the other half or bought the company (this part is fuzzy for me) ran a division that was in charge of marketing and developing this engine. They scored some contracts with the military.
Since the WT was not involved in the company, it is unlikely that they knew what was going on. Once it was pointed out, they seemed to have dumped the stocks. As you can see...not all that big of a deal.
In conclusion, I'd be wary of any report that sensationalizes a situation like this by starting out calling Rand Cam Engine Corp one of the "Watchtower's 'Sister Companies'." That is ridiculous...

WBTS Rand Cam Scandal

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