I have a few more question. The investment by the saints in the Daystar business was this to be considered as a loan to Daystar or to be for the purchase of shares in the Company. I ask this because as far as I'm aware if somebody owns shares in a company if that company goes bankrupt, getting your money back is not really on the cards. All your entitled to is a share of what's left over when all the debts are paid off if their is anything. That said I'm getting the impression that Daystar never actually went bankrupt.
Quote:
SB: And so then when Daystar went bankrupt ....
WL: Stopped, stopped
From transcript of Sal Benoit, Witness Lee conversation.
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It seems it just stopped. Which begs more questions. Was their a reason why they could not let Daystar go bankrupt. Would it be detrimental to certain people if the accounts were able to be scrutinized by Third Parties as they undeniably would have been had the company gone bankrupt. According to Don Hardy testimony that would seem to be the case.
Secondly, after this Phosphorous definitely went on to make tennis rackets according to the recording, and at least according to another testimony by Brent Barber these tennis racquets were to be sold by saints. (I'm not certain whether the saints were supposed to invest in the racquets or not, does anyone know how daystaresque the tennis racquet scheme and future schemes were). So did Witness Lee learn anything from Daystar. After all the damage done with this first failed business scheme (actually according to reports from taiwan it would seem that this wasn't the first), he still continued.
Just to clarify, I personally at this point do not believe that Witness was deliberately setting out to fleece the saints. I do believe however that he made some horrendously bad decisions which he seems to have failed to take the lesson from. Such a failure should have truly caused him to question his own infallability and caused him to be more open to see that he truly needed the balancing of other members of the Body. Not just those who agreed with his every word.