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Amtext, as most of us
know, is this textbook-buying company started in
the USA in around 1980. Originally, it was set up
to raise money for Maharaji, staffed mostly by
ashram premies, but it spread quickly and many
premies got positions as 'book-buyers.' I remember
guys like Sean Brogan, in the San Francisco ashram,
working as book-buyers. They basically went to
college campuses and offered to buy 'sample'
textbooks from professors, who got them for free
all the time, and then sold the books, through
Amtext, to book wholesalers for a higher price,
thus making a profit.
A premie who claims to have started the business
in Boston, also claims that he offered the business
as a means to employ premies, and, he claims, Chuck
Nathan and DLM simplye stole the business from
him.
Anyhow, the business grew, and Amtext
incorporated in Florida, and was apparently able to
funnel money to Maharaji for his personal use.
Maybe money was given to Elan Vital as well.
Anyhow, we were informed that Maharaji would have
'parties' at the residence to thank the bookbuyers
for supporting him. Apparently, he said that money
from Amtext was largely responsible for building
the 'new' residence in Malibu, some of the
blueprints of which are on the EPO website.
Some one recently found in the archives the
corporate statement for Amtext and it is below. At
that time, Amtext was owned by the officers, who
are listed.
I noticed that one of the officers was Michael
Dettmers and another is the ubiquitous attorney,
Robert Jacobs. Other than Nathan, the only other
name I recognize is Paula Blanche, who I recall as
a nice person, a kind of soft-spoken woman with a
pleasant disposition.
Okay, two questions:
First to Michael: You said this was one of the
businesses that you had Maharaji become an
'investor' in to get income. But this statement
does not list Prem Pal Rawat as an officer. How did
that work? Also, was part of that deal making you
and Jacobs officers? Was the income that M got from
Amtext taxable to him, or was it a 'gift of
love?'
Also, I note that sales in 1998 were listed as
$1.4 million. This would tend to indicate that
Maharaji wasn't getting the millions out of that
company that people said he did. If sales were only
at that level, profits had to be substantially
less, due to the need to actually pay the
bookbuyers. Does anyone have any additional
information on the actual profits of the
company?
Second: Others have said that Nathan described
Maharaji as 'the beneficial owner of Amtext' at
least to the premies, although probably not to the
non-premies who apparently were bookbuyers. La-Ex
said that at some point Nathan and the other
stockholders just turned over all their shares to
Maharaji, and he now owns Amtext outright. Is that
true?
BUSINESS TYPE: Corporation - DATE
INCORPORATED: 12/04/1985
Profit STATE OF INCORP: Florida
----------------------------------------------------------------------
Business started 1985 by officers. 100% of capital
stock is
owned by officers.
CHARLES NATHAN. Background unavailable.
P D POTTER. Background unavailable.
PAULA C BLANCHE. Background unavailable.
ROBERT A JACOBS. Background unavailable.
MICHAEL V DETTMERS. Background unavailable
Amtext Inc
Text Mart
11900 Biscayne Blvd
Miami, FL 33181-2743
TELEPHONE: 305-892-0900
COUNTY: DADE MSA: 5000 (Miami, FL)
REGION: South Atlantic
BUSINESS: Wholesales and Retails Books
Periodicals and Newspapers
PRIMARY SIC:
5192 Books, periodicals, and newspapers
51929901 Books
SECONDARY SIC(S):
5942 Book stores
59420000 Book stores, nsk
LATEST YEAR ORGANIZED: 1985
STATE OF INCORPORATION: FL DATE OF INCORPORATION:
12/04/1985
ANNUAL SALES REVISION DATE: 01/03/1998
LATEST TREND BASE
YEAR YEAR YEAR
(1996) (1994)
SALES $ 1,400,000E $ NA $ NA
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