(Q) Would the proposed set-up for the handling of the [
4666]
Corporation be the proper way to handle same - 51% of stock
to be set aside for promoters - 17% of this 51% to go to
[
4666] - 34% of the 51% to be divided equally between [
195],
[
900] and [
137], who are furnishing the capital and time -
the 49% to be sold as promotion and to include that 9% that
is to be given to the people in Birmingham who have assisted
[
4666] so far - each individual sharing in same according to
the amount invested. Or should [
4666] be given 15% and the
36% be divided between [
195], [
900] and [
137] and [
257]? Or,
what would be the proper set-up?
(A) As has been given, the promoters - or those as are
conducting the development and the perfecting of the motor -
should retain the 51%, and that [
4666] should have at least
15% to 17% of that stock. As given, [
257] should not be
disregarded in the connection of being one of those IN on the
development of this motor, as has been given. Correct, that
those who have assisted so far in the development be taken
care of in the proportion to the amount invested - as is
being sold for the promotion and for the development for the
corporation or motor. These should be the proper way to set
same up.
As to the divisions that each promoter should have, that
would be left with those; yet [
4666] should receive that
INDIVIDUALLY equal to ANY of those held by other promoters,
and promoters should ever retain at least 51% of such stock.
We are through.
BACKGROUND
See
4665-2 on
3/09/28.
REPORTS
GD's note: Other questions not asked during the reading:
"Will Knight of Cincinnati be a good man to secure patent?
In new machine to be made of solid steel, will the proportion
of 10" diameter to 34" in length of drum with a throw of 7"
in eccentric be correct?"
4/07/28 See
195-51 dream interpretation reading in re
[
4666] motor, especially
195-51, Par. 9-A in re correction
and addition to working model explanation, "so that on
demonstration of motor in patent office the theory of why
the machine works may be given in an intelligent way".
4/16/28 Mr. [
195]'s letter: "...Have not heard from [
900]
for some time. It seems that when in N.Y. we though it
best to build two [
4666] motors, one for test purposes and
other one (a smaller size) to be used at patent office when
application is made for basic patent. We do not want to use
larger size at patent office. [
900] expected to go to Va.
and when there he was going to have a reading made on this.
[
4666] is now here and I have heard nothing from [
900], so if
you have made such a reading for him please send me a copy in
a hurry. If no reading ever has been made, will you please
get one at your earliest spare time possible. Reading as
follows:..."
4/21/28 See
4665-4.



Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation