DedHead: .......------MadApostate
FOOL: You can't PROVE that the WTS has received ONE SINGLE PENNY from their conditional ownership of the Rand Cam Engine Corp stock.-----MadApostate
DedFOOL:What percentage of you is PURE STUPIDITY and what percentage of you is simply DISHONEST PIECE OF SHIT?-------ErieGuy
Everytime you "snip-and-paste" this Deceptive BS, YOU PROVE YOURSELF A SATAN IMITATOR!!!----erieguy
Deddaisy: You certainly didn't use your higher standards in cutting and pasting, nor in analysing the REGI info.-------MadApostate
I'm sorry if I'm a little more anal about things called Facts and I am not so bitter against the WT -----amac
...there are many people on this list who are just as "blinded" by their hatred for the WT----amccullough
By owning these stocks, in effect, they own 50% of a company that owns 50% of anothercompany that has a subsidiary with a military contract to provide rotary engines.----amac
....So , in effect, the WT owns half of a company (with no voting proxy, mind you) that ownshalf of another company that has a subsidiary that is working with another company that is developing their engine for a military application.----amccullough
Erieguy goes through all the trouble of explaining the whole deal -----amac
AMC: Thanks for bringing some intelligence, objectivity, and accuracy to this topic, which was greatly in need of such. How these buffoons can criticize what you have posted is beyond me???------MadApostate (addressing amccullough)
Madapostate- Thank you for verification! -----amccullough
As you indicate, James McCann is the inventor of the original Rand Cam technology. Evidently, the patent rights were held by Rand Cam Engine Corp, which must have been formed by McCann. At some point, McCann (evidently a JW) transferred ownership of 50% of RCEC'sstock to the WBTS, but retained voting rights to such, thus retaining all decision-making power to himself. -----MadApostate
Rand Cam Engine Corp (RCEC) is James McCann's original corp. McCann (a JW) donated 50% of RCEC's stock to the Watchtower Society, but McCann retained the right to VOTE thestock, which means the WTS not only has NO SAY-SO whatsoever in RCEC, but cannot do anything with the stock until McCann dies (except maybe return it to McCann)-----Erieguy
Thereafter, McCann made a deal with John Robertson to finance, market, promote, improve, etc. the Rand Cam technology.----MadApostate
When McCann's attempts to market his invention failed, an investor named John Robertson came along and made a deal with McCann to raise capital, promote, and market McCann's "rand-cam" technology.----erieguy
Robertson and McCann formed a new Corp named Rand Energy Group Inc (REGI), to which McCann and RCEC transferred THE EXCLUSIVE WORLDWIDE RIGHTS to McCann's invention.---erieguy
REGI Corp was formed to do this, with McCann granting REGI all rights to the Rand Cam technology.----MadApostate
At first, McCann's RCEC owned 60% of REGI, and Robertson's Reg Technologies corp owned 40%. However, Robertson (via REG TECH) then bought 11% more stock from McCann, which gave Robertson (REG TECH) control of REGI, which itself controls the use of McCann's invention.-------erieguy
AT THIS POINT, McCann lost all say-so in how his invention would be used. (The WTS NEVER had any say-so period.)----erieguy
(notice, according to you erieguy/MadApostate: McCann, the JW, sells more stock to the non-JW,giving thenon-JW control.........) Notice, in your post below, how you conveniently omitted the details regarding McCann, the JW, selling 11% and thereby relinquishing control. (This was agreed upon in 1993, when it was evident that this engine would be developed for military applications. (see my previous post to erieguy.....)
Since Robertson got 51% of the stock, and McCann got only 49%, it is evident that Robertson is calling all the shots at REGI, with McCann's minority share being compensatory for his "invention", assuming a profit is EVER made.-----MadApostate
YOU (and a LOT of other posters at this site) were KICKED OUT of the WTS because you don't have an honest bone in your body!!!!
AND DELETING ME OFF HERE WILL NEVER TURN YOU DEMONS INTO ANGELS
LIVE WITH THAT....SATAN'S SPAWN!!!---------erieguy
---------- MadApostate
you bore me........................................
apostates------------------3
JWs--------------------------0
http://www.jehovahs-witness.com/forum/thread.asp?id=24511&site=3
Edited by - deddaisy on 24 July 2002 7:16:52