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Quote from: pbax

Quote from: Diego

Can you elaborate regarding these new businesses?

 
I can but it will take time. It happened when Maxy Krah came on the scene back in 2009. Below is a quote from an Eddie D in 2009.

(Quote)January 19, 2009
One day before Fr. Schmidberger’s press release, Maximilian Krah was appointed as delegate to the Board, and manager, of the company Dello Sarto AG. The Chairman of the company is Bishop Bernard Fellay and the Board Members are First Assistant, Fr. Niklaus Pfluger, and the SSPX Bursar General, Fr. Emeric Baudot.

The purpose of the company is stated as being (Google translation):
“Advice on asset management issues and the care and management of assets of domestic and foreign individuals, corporations, foundations and other bodies, in particular of natural or legal persons which the Catholic moral, religious and moral teaching in its traditional sense of obligation and see, and the execution of projects for the mentioned persons, as well as advising on the implementation of these projects; whole purpose of description according to statutes.”

In other words, Dello Sarto AG appears to be an investment company that speculates, one has to assume, with SSPX funds in financial and other markets in the search for profits for various SSPX projects. But is it possible to get involved in today’s financial markets without being exposed to the risk and/or practice of usury?

The company was commercially registered on January 13, 2009 and issued 100 shares at 1,000 Swiss francs, giving it an initial capital of 100,000 Swiss francs.

As far as the checkbook is concerned, Maximilian Krah and Bishop Fellay alone are enabled individually to issue a payment of funds, while Frs. Pfluger and Baudot are required to obtain a co-signature to do so. Krah is not a cleric, but exercises greater financial powers than the First Assistant or Bursar. (unquote)

He is also on the board of other companies belonging to SSPX

   Interesting:

1) Who appointed Krah as a delegate to the Board?

2) Why him?

3) What primary purpose does he serve there?

4) What other roles does he play within the SSPX drama (e.g., I remember reading that he was sent to England to heckle Bishop Williamson, and it is not clear to me how such a role could be related to his position as delegate to the Board)?

5) You mentioned when the company was formed, there was a small issuance of stock/shares: So this is a public company?  If so, could I buy all the shares and exercise a controlling influence on the finances of the SSPX?