Yes, I see in the 2002 report, on pages. 26 and 27 the information I pasted below about the Watchtower's ownership (wish there was a more recent report though, but thank you folks):
Page 26
Name Class A Shares Owned Percentage of
Class A Shares
Owned
John G. Robertson, Chairman of the Board 5,781,350 51.22%
of Directors, President and Director (1) (2)
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 85,500 *
(6)
James Vandeberg, Chief Operating Officer 76,000 *
and Director (7)
Patrick Badgley, Vice President, Research 75,000 *
and Development and Director (8)
ALL EXECUTIVE OFFICERS & 6,017,850 53.31%
DIRECTORS AS A GROUP (FOUR
INDIVIDUALS) (9)
</TABLE>
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
(1) These individuals may be deemed to be our "parents or founders" as that term
is defined in the Rules and Regulations promulgated under the Securities Act of
1933.
(2) Includes 5,073,200 shares registered in the name of Rand Energy Group Inc.
See Note (5) below for an explanation of the beneficial ownership of Rand Energy
Group Inc. Mr. Robertson disclaims beneficial ownership of these shares beyond
the extent of his pecuniary interest. Also includes 700,000 options that are
currently exercisable. Mr. Robertson's address is the same as the Company's.
(3) Includes 5,073,200 shares registered in the name of Rand Energy Group Inc.
See Note (5) below for an explanation of the beneficial ownership of Rand Energy
Group Inc.
(4) Includes 5,073,200 shares registered in the name of Rand Energy Group Inc.
See Note (5) below for an explanation of the beneficial ownership of Rand Energy
Group Inc.
(5) Rand Energy Group Inc. is owned 51% by Reg Technologies Inc. and 49% by
Rand Cam Engine Corp. Under Rule 13d-3 under the Securities Exchange Act of
1934, both Reg Technologies Inc. and Rand Cam Engine Corp. could be considered
the beneficial owner of the 5,073,200 shares registered in the name of Rand
Energy Group Inc.
Reg Technologies Inc. is a British Columbia corporation listed on the Canadian
Venture Exchange that has financed the research on the Rand Cam Engine since
1986. Since October 1984 Mr. Robertson has been President and a Director of Reg
Technologies Inc. SMR Investment Ltd., a British Columbia corporation, holds a
controlling interest in Reg Technologies Inc. Since May 1977 Mr. Robertson has
<PAGE>
Page 27
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.
Accordingly, in Note (2) above, beneficial ownership of the 5,073,200 shares
registered in the name of Rand Energy Group Inc. has been attributed to Mr.
Robertson. 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.
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.
