Above is a picture of my mother, Jean Julia Williams (1923 – 1990, Younger lady above) at age 18 years old. She is a member of the Brown family from Stoney Point, Va. (Free Union). In the days of slavery, the Commonwealth of Virginia set up “Free Union” areas where freed slaves can go to live. Lacey Brown (Born 1803), a freed slave and my mother’s grandfather third removed on her father’s side, came and lived in Stoney Point. They were much like Indian Reservations for freed slaves. My mother’s family came from such a Free Union. The family church, Free Union Baptist Church still exists in Stoney Point. The Brown Family still lives in the area.
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Looking back on her family, I find my Grandmother eighth removed. Eliza Thorne (Picture of older woman above) was born before the Civil War. She was half Cherokee. In her lifetime she had three husbands, Thorn, West, and Walker. When she worked on the Slaughter plantation in Culpeper, Va. as a slave, she was allowed to work for herself on her own time. She made furniture that I last seen when I was in my 20s. After the Civil War, she left the Slaughter family, bought a Conestoga wagon, a team of horses, some cattle, and moved to Stoney Point, Va. and bought Eleven acres of property. She moved with her sisters, Maria, Jane, and Violet. This property lasted intact until the 1980s. This property was handed down by members of the Thorne/Walker/West family until a property dispute ended in the sale and distribution of this property. Just looking at the past 200 years, I am a descendent of the Williams, Cribbs, Stiff, Brown, Franklin (Martha's Family), Walker and West family.
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I am going to tell you who had whom without telling you full line because I have cataloged over 1,000 names and we don’t have time to go through the full line. The Blue Family married into the Walker family. They took their last name from the Blue Clan; one of the seven Clans of the Cherokee Nation. The Blues were my mother’s mother’s people. Eliza Thorne had Eliza Thorne II. Eliza Thorne II had Eliza West. Eliza West had George W. Blue. George W. Blue had Eliza Lucinda Blue (my Grandmother). Eliza Lucinda Blue (Brown) had Jean Julia Brown (Williams) who had me.
I have relatives nearby my home that are descendents from the Walker and West families through marriage. When these people met in Pennsylvania, they never knew that they were distant cousins. They married and had children. Then I came along and told them about their extended family relationship.
Your relatives can be a powerful tool in taking over corporations. The Wilzig family did just that!
Going from the death camps to the top of a corporation
Let’s talk about taking over corporations for your benefit. Let’s look at Wilshire Oil of Texas. I studied this company when I was in my 20s. It was taken over by Siggi Wilzig and a group of his family and friends. At that time he was my hero because he went from being nearly killed in a NAZI death camp to running an oil company known worldwide. At the same time I was following Siggi, most of my friends were worshiping football and basketball stars. I had the opportunity to talk to Mr. Wilzig in the 1980s. Siggi was an employee of the company. He told me how he and his friends took over the company.
Here is more on Ziggi.
http://en.wikipedia.org/wiki/Siggi_Wilzig
http://en.wikipedia.org/wiki/Siggi_Wilzig
Today the company is called Wilshire Enterprises. They got out of oil and into real estate. Wilshire Enterprises invests in and operates commercial real estate and land. It owns a portfolio of more than a dozen multifamily, retail, and office properties and land tracts in Arizona, Florida, New Jersey, and Texas. The company has shed some of its non-core and other properties, and has upgraded other properties. Its land holdings (parcels of land totaling about 20 acres, all located in New Jersey) have either been put up for sale or are under contract for sale already. Wilshire Enterprises is seeking sale or merger opportunities. In 2008 it entered an acquisition deal with property investment and redevelopment firm NWJ Companies, but the agreement was later terminated.
How to Takeover a Corporation
I am no longer interested in the company but I am still interested in what Siggi did in relation to an employee takeover of a small corporation. I am going to tell you the steps in taking over a small corporation. This is something that they do not teach in the average colleges or universities around the world. They are design to teach you how to be a competent employee of corporations.
This is not for the individual who starts something on Monday and forgets about it on Friday. This is a long term life time project that involves your money and your time. This is not for the political types who want to argue about what type of doughnuts to bring to your meetings. This is about assigning projects to your members and completing these projects and reporting back to your membership. This is a long term commitment.
Getting Started
1. The first thing you must do is find a target company to take over. This might be your place of employment or a company in your area. We are not talking about picking GM or IBM. We are talking about small companies that you might find on the “Pink Sheets” or Over-the-Counter Market.
2. You must find people with the same ideas as you have. These might be people in your school, club, family, and etc. They must be people who want to do what you want to do. Using the internet to find people who want to be in your organization may be of some help.
3. Here is a website that can help you create a stock club. Instead of investing by creating a portfolio, you are going to invest for the purpose of corporate takeover. (we will spend time on group portfolio investing in the future)
http://www.betterinvesting.org/public/default.htm
The Better investing Website
The Better investing Website
http://www.moxyvote.com/splash
The Corporate Voting Website
The Corporate Voting Website
These two steps are the hardest and most important steps of all to take. You will find that the mechanics of taking over a corporation is not nearly as hard as working with people to carry out that task.
Doing Research
1. You want to assign a person or if you have a large enough organization, assign a committee to contact the Securities and Exchange Commission (SEC) to learn about the rules of placing candidates on the corporate ballot.
This is the official Website for the Securities and Exchange Commission (SEC).
2. You want to assign a person or if you have a large enough organization, assign a committee to go to your targets Stockholders Meetings. You don’t have to be a stockholder to go to most meetings. However, small companies usually have no one showing up outside of management employees. About 35 years ago, I went to Steelmet Corporation’s Stockholders meeting. I was the only one there who was not working for the company. The meeting was held in their small break room. But I had access to the top management of the company. That is what you want access to management. Here you can find out who is running the company and develop contacts for later use in your future corporate raid.
Buying Stock
Buying Stock
1. After your organization agrees on a target company to take over, you want to set up a register so that you can determine how much stock your organization has at any given time.
2. You have to decide if each member will have individual stock accounts or if your organization will have one big stock account.
3. You want to acquire .5% to 1% of the company stock before you make your intentions known to the company and the SEC. In most corporations today, top management does not have the majority of the shares of the company. The more stock you acquire of the company, the more stock your organization has, and the more the target company will want to negotiate Board Seats with your organization.
Placing Your Candidates in Nomination
Placing Your Candidates in Nomination
4. When it comes time to place your candidates on the ballot, your target company will probably challenge your right to do so. So you will have to prove by way of a Stock Certificate or Stock Account Statement that you or your organization owns the stock. You may also want to contact the SEC when you are ready to submit your names to the company. Make sure your organization is following the rules.
5. As time goes on, your target company may offer your organization seats on the board of directors.
6. Your organization should continue to add shares to your account to gain more corporate power as the years go by.
As I said earlier, this is something that you don’t start on Monday and think that you will achieve your objective on Friday. This project is a life time project. You may not see “fruits of your labor” for a decade or two. This is why few middle class people take on such projects.
Companies evolve all the time and I know a way to make a company evolve into an organization that can benefit you and your family. You have an extended family just like I do. What if I was able to take Eliza Thorne’s, William Jackson Williams, and Lacey Brown family descendents and organized them into a corporation for the purpose of taking over other corporations? This is power that you can control in your own families.
The Ball Is In Your Court!
My brother William Jackson Williams III is the last of a long list of people over the past 200 years who contributed to documenting the family Genealogy and the first to place our Genealogy on a personal computer. Things have changed since I first saw this information hand written by my Great Uncle Joseph Blue.
As far as taking charge of your families financial future, it is up to you to make it happen. No one is going to hold your hand and give you the power and money that comes with this venture. Voting in political elections is not going to change anything because governments no longer hold economic power.
Like my brother William Jackson Williams III (larger child in picture taken in 1953, Darnell is the smaller child) would say, “What are you going to do about it?”
How is Darnell’s Investments Doing?
The stock brokers and people on the investment channel is starting to tell you that stocks are gaining ground and you are missing out. My thoughts on it are, really!
The stock brokers and people on the investment channel is starting to tell you that stocks are gaining ground and you are missing out. My thoughts on it are, really!
As of December 10, 2010, the Dow Jones Industrial Index is up for the year, 9.03%. So if you invested on average and did not have to pay any fees or commissions, you would be up 9.03% for the year.
Now I am mostly in junk bonds. These are the securities that these same people told you to stay away from. For the year, I am up 26.53% and since January 30, 2009, I am up 79.64%. I need 20.36% to double my money. That will probably come in the next 12 months.
Next time, we are going to look at some of the bonds that I am invested in. You can invest in them too for short term gains.
The people on TV will tell you that Social Security will not give you much when you retire. Your company will not give you much if any when you retire. They put you in a 401K program that does nothing but give the 401K manager fees and commissions. Your retirement objectives are secondary. So your best bet is to open up an IRA and invest in Junk Bonds and make 12% to 40% per year with very low commissions and fees.
In the investment business, if they tell you to do it then you can be sure of a few things;
1) They are paid to tell you what to invest in and they make the money off of it
2) You will be paying high fees and commissions
3) You probably bought at the top of the market.
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