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PRG Update - September 16 2011

From: Stephen Bassett <PRG.nul>
Date: Fri, 16 Sep 2011 10:01:04 -0700
Archived: Sat, 17 Sep 2011 07:13:21 -0400
Subject: PRG Update - September 16 2011

Paradigm Research Group

PRG Update - September 16, 2011

Archived at:

Brief Financial History of PRG

- PRG was founded in July of 1996 to pursue a political
resolution to the UFO/ET issue.

- It was not set up as a non-profit in order to insulate it from
potential governmental interference. But by any measure it has
operated as a non-profit and has never made a profit.

- From July of 1996 to January of 2003 PRG's work was funded by
it's executive director Stephen Bassett.  This amount was
approximately $250,000.

- As of January 2003 all of Mr. Bassett's assets and funds were
used up. From that point forward PRG has only been able to
function via donations from supporters of its advocacy work.

-  From 1999 to the present PRG has had a political action
committee. That PAC has raised a modest $18,000 during that
time. While currently not active, it is still reporting and
could become active again at any time funding permitting.

-  From 2004 through 2010 PRG held six X-Conferences in the
Washington, DC metro area. Those conferences, while successful
as advocacy projects, lost a total of approximately $90,000.
All of those losses have been paid save for the losses from X-
Conference 2010 - approximately $36,000. PRG fully intends to
clear those balances when funding is available.

- Starting in the summer of 2010 PRG went to some lengths to
help publish a colleague's book which it felt had important
Disclosure implications. PRG has no financial interest in the
book whatsoever. The book was published and is currently
available. Money was raised on behalf of the author who is
obligated to repay the funds. While PRG is not financially
obligated, it does have an ethical responsibility to see the
funds are repaid and will do all it can to assist in clearing
any outstanding balances.

In summary: for sixteen years PRG has worked to end a government
imposed truth embargo with global implications. During that time
it has assisted a very large number of organizations and
individuals to promote and advance their efforts without asking
anything in return. It has operated in a completely open fashion
and made no attempt to conceal its activities or agenda from the
government or the public.

Since its founding PRG (Stephen Bassett) has acquired no assets
and currently has a negative net worth of approximately $40,000.
It (he) owns no stocks, bonds, real estate or any other
investments and has a cash balance of approximately $400.

Of course, PRG's financial status could change at any time
should major funding come forward.

The truth advocacy process under way is very difficult, is
generally opposed by the government and operates in a highly
charged emotional environment. Many people are angry, frustrated
and under considerable stress. Inevitably there are going to be
disputes, misunderstandings and personal attacks. PRG has been
spared much of that over the years, but it is not immune.  It's
policy toward such matters is: 1) not let such contentions
interfere with the advocacy work, and 2) settle matters
privately or, when necessary, in a court of law - not on the

PRG thanks all of its many supporters who have made it possible
to advocate for truth in government for the past sixteen years.
The only way it can properly acknowledge this support is to
succeed and continue to help others succeed in ending the truth
embargo regarding an extraterrestrial presence engaging the
human race.

Furthermore, Stephen Bassett wishes to personally express his
gratitude to the many hundreds of colleagues, living and dead,
who have made great personal sacrifice while speaking truth to
power in this matter. In the end a new and perhaps better world
will be their reward well earned.

Los Angeles (September, 2011)

www.paradigmresearchgroup.org (Main Portal Site)


Paradigm Research Group
4938 Hampden Lane, #161, Bethesda, MD  20814
PRG.nul 202-215-8344

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