Here's the explanation the WT gives about the shares they own.
They did not know they owned them. For how many years? 14 wasn't it? Is it shere stupidity, or are they just giving us the runaround?Anyway here's their "explanation".
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They did not know they owned them. For how many years? 14 wasn't it? Is it shere stupidity, or are they just giving us the runaround?Anyway here's their "explanation".
"After looking into the matter when it was first raised, we found that none of the legal corporations used by the Governing Body in caring for the Kingdom interests own stock in Rand Cam Corporation or any associate company involved in developing the diesel engine in question. The facts are that two brothers originally involved in inventing and developing the engine made a private agreement years ago (of which we were not notified) to send a portion of any profits realized from the venture to the Watchtower Society as a gift for its worldwide work. Subsequently, circumstances required that rights to ownership and developing the engine be transferred to a holding company not controlled by them. The Watchtower Society was erroneously listed as a stockholder in information published by the holding company, and this error has now been corrected. Hence, the charge is totally false. Moreover, the Watch Tower Society has received no contributions as a result of the original private agreement between the two brothers."
Go ahead WT. Blame the brothers. That's nothing new. When 1975 failed who got the blame? The brothers. Who else? The WT has to come up with something better. This excuse is getting old!!Andy of the super disappointed in the slave class.(__|__)"Facts" are that they are still registered with the SEC. as owners. the Watch Tower Society has received no contributions as a result of the original private agreement between the two brothers
This is a fallacy. It has nothing whatsoever to do with the issue. The issue is not whether you receive contributions, but that you own stock; which they did not deny.
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