Monday, May 16, 2005

Exhibited below is the 12 July 2005 letter from Pacific Plans indicating a fundamental change in intention in the proposed reorganization of Pacific Plans.

This memorandum generates several interesting insights:

a) The marginal notes of former SEC Chmn Bautista are already noteworthy. There is a note to Commissioner (Fe) Gloria to check on the qualified financial statements (i.e. Punongbayan's qualified statement that was already discuss elsewhere in this weblog).

Revision of Rehab Plans - PPI Letter to SECPosted by Hello



Revision of Rehab Plans - PPI Letter to SEC p.2 Posted by Hello




b) The memorandum is now signed by a mere employee of Pacific Plans rather than by the owner (who initiated the original request for reorganization);

c) The trust fund for the fixed value and traditional plans was consolidated as a single trust account. Note that PPI is asking the SEC to confirm its mode of consolidation. In the marginal note, however, SEC Chmn Bautista correctly asks why the SEC should be asked to confirm said mode.

As subsequent events have shown, it is this MODE OF SEGREGATION that has created the firestorm of controversy. Obviously, there is no discussion at this point of the tortured twists and turns that would befall PPI, such as the management buyout nor the future role of GPL Holdings and Exemplar in the sordid affair.

In Literature, we believe that we can look at this memorandum as a FORESHADOWING of events yet to come.

**********************************************************************************

foreshadowing

adj : indistinctly prophetic [syn: adumbrative, prefigurative] n : the act of providing vague advance indications; representing beforehand [syn: prefiguration, adumbration]


54 Comments:

At Monday, May 16, 2005 4:59:00 PM, Anonymous Anonymous said...

By what you posted, it seems you are playing mindgames with the planholders. You shouted fraud because PPI's original letters to SEC had a different intention to what has happened. And this succeding letter to the SEC, which you have but didn't release at the same time as the original letter, shows that PPI followed exactly what they had SEC approve.

Please don't manipulate the planholders.

 
At Monday, May 16, 2005 5:46:00 PM, Anonymous aloysius said...

mindgames indeed!

first, they condition you to accept wholly what they want you to assimilate, build up your emotions.

later, when shown with facts they try to justify their earlier actions and continue to put one over the others.

What makes it different if an employee signed the letter? She won't do that without the prior approval of the owner, especially on this delicate matter.

 
At Monday, May 16, 2005 7:40:00 PM, Anonymous Anonymous said...

Thank you Commissioner Fe Barin and Hubert Guevarra of SEC. Just heard and saw the good news on 24 Oras. You sided with the truth. Thank you.

 
At Monday, May 16, 2005 9:29:00 PM, Anonymous Anonymous said...

The poster who wrote:

"By what you posted, it seems you are playing ...manipulate the planholders."

- should take a course in logic 101. The division of PPI into two companies and the separation of the all earning assets, i.e., fixed plans, away from the traditional plans is what PPI asked approval for from SEC. Correct. And they did that. Correct. But it was not because they told the SEC, and in fact, more importantly the planholders, that they were going to then "cut-off" and alter the relationship between PPI and Lifetime and then apply for a rehab. It is really irritating that persons such as that poster flaunt their ignorance and poor understanding. Tsaka, kung manloloko rin lang, just go straight to the planholders instead of posting here and trying to show "faux" concern.

This site is actually for planholders who are working towards the goal of fighting the rehab plan, showing how the fraud was committed and what should be done to prevent such big business abuse from ever happening again.

I don't know why anyone who is not fighting for the above cause would even post here, except to try and cause disunity and failure of the coalition, di ba? Even if one was a genuine planholder against the goals of the coalition, why would such a person even visit this site and post, right? Siempre, kung wala kang bilib sa ginagawa sa coalition na ito, eh bakit ka pa pupunta dito at makikisali sa usapan? It really doesn't make sense to argue/post, unless your post is also to help form a better analysis or strategy BUT towards the same goals as this site/coalition.

I hope medyo mag-improve naman yung intelligence nung mga manloloko na posters. So far kasi, no one has been able to stand up to the logic presented in this blog.

 
At Monday, May 16, 2005 10:09:00 PM, Anonymous Anonymous said...

If i remember correctly, it was this aloysius who said that they don't do analysis in their blog, yes, i am sure it was the same guy. They just regurgitate everything their masters say. Don't mind him, he just barks and barks. shoo.. go away..roll over..play dead..shoo.

 
At Monday, May 16, 2005 10:32:00 PM, Anonymous Anonymous said...

For those who get the Asian Wall St Journal, an interesting ad was placed today on page M4 by Malayan Insurance. It's good for laughs.


MALAYAN IS A COMPANY BUILT ON WORD OF HONOR.

It started with a humble vision in an accesoria on Gandara St in 1930.

Enrique T Yuchengco built an HONEST AND TRUSTWORTHY non-life insurance company in the service of his young country.

A defining moment was in Post War Manila where Malayan promptly settled claims of countrymen after the ravages of the world war.

Through the years, Malayan carried on with genuine optimism, EVEN IN THE FACE OF NATIONAL CRISES AND TRIALS. Steadily, Malayan extended not only in key cities of the country, but also in the capitals of the world.

Malayan is now listed as one of the top 200 global non-life insurers and counts on the support of the world's largest reinsurance companies for the needs of the Philippine insuring public.

And though it has led the non-life insurance industry for the last 35 years, Malayan is more pleased with the fact that it is also known as the leader in UNCOMPROMISING INTEGRITY.

Today, as we celebrate our 75th Year, we go back to our simple Binondo virtue. After all, WORD OF HONOR IS HOW IT ALL BEGAN.

 
At Monday, May 16, 2005 11:38:00 PM, Anonymous Anonymous said...

talk is cheap! if YGC really got word of honor the problem were having should not be here in the first place!!!! palabra de honor, excuse me...YGC wala kayo no'n!

 
At Tuesday, May 17, 2005 12:18:00 AM, Anonymous Anonymous said...

TO ALL PEP COALITION MEMBERS:

We are inviting you to join our Prayer Rally on May 25, Wednesday starting with an 8:30am mass at St. Andrew Parish Church, Nicanor Garcia St., Bel Air Village, Makati City to be officiated by Fr. Robert Reyes, the running priest. After the mass we will then proceed to the vicinity of the Makati Regional Trial Court for a short program.

LET US UNITE and BE ONE for the SAKE of OUR CHILDREN!!!

 
At Tuesday, May 17, 2005 12:53:00 AM, Anonymous Anonymous said...

Eh ano ba sa inyo kung sumunod kami sa amo namin???? Di niyo lang alam na tuwing sumusunod kami sa mga utos nila gaya ng sit...roll...stay...down...., e may sinusubo naman sila sa amin na reward.
Di niyo nga alam na si Atty. Tecson, di tunay na tao yon. Ventriloquist doll daw siya. Di ba yung itsura niya, parang di niya pinapaniwalaan ang mga sinasabi niya?
Inaamin ko na madalas, gusto rin namin dito sa blog niyo kasi yung sa kabila, ang ingay ingay ng mga kahol ng mga aso!!! BOW WOW WOW

 
At Tuesday, May 17, 2005 1:04:00 AM, Anonymous Anonymous said...

Though this is not related to the article, I just want to post a message from the no2pep2010 egroup in relation to what transpired at Cito Beltran's STRAIGHT TALK. I was a witness to this very moving scene....

"If only people realized what happened behind the scenes... it was a studio filled with emotions pouring with sympathy to our cause.

Even the toughest of us just melted down as words from both children and parents tried to express the predicament we are faced in. What words could not express were just passed through by the tears which fell down from the cheeks of almost everyone.

At the end of the show, Cito gathered everyone in prayer, uttering words which could keep the flame alive by trusting in the Lord... his lips trembling as he tried to hold his tears...

Before the show and over at the dressing room, we overheard him saying that he invited the Ambassador and Helen Y. Dee to appear in his show... they declined and asked that their lawyers represent them
instead."

 
At Tuesday, May 17, 2005 1:22:00 AM, Anonymous Anonymous said...

Cito Beltran's exact closing words after talking to the PEP scholars and parents...

"We are taught in our church - your word is your bond, regardless of who you are, what you are. If you cannot keep your word, you have no place in this society."

 
At Tuesday, May 17, 2005 7:24:00 AM, Anonymous Anonymous said...

Yuchengco lauded for forking over P250M

May 17, 2005
Inquirer News Service

SEVERAL prominent personalities in the business and public service sectors have expressed confidence that Pacific Plans Inc. (PPI), under the leadership of former Ambassador Alfonso Yuchengco, would be able to overcome the financial crisis that the pre-need firm is experiencing.

Former Senate President Jovito Salonga said Yuchengco had demonstrated the values of honesty, integrity and patriotism, which he is known for, by forking over P250 million from his own pocket to help resolve the PPI financial problem.

"I have known Ambassador Yuchengco for many years, particularly of his unselfish service to the nation in various capacities, and his patriotism during the crucial years of martial rule," Salonga said in a statement.

Meneleo Carlos, chair of the Federation of Philippine Industries (FPI), described Yuchengco as "a living testament to the ideals of FPI."

Carlos said Yuchengco had long pursued with FPI members his dream of promoting competitive and socially concerned Philippine business enterprises.

"We commend Ambassador Yuchengco for directing his personal business interests in line with what is good for the nation in the long term," he said.

Ambassador Jose Macario Laurel IV, whose family owns Lyceum of the Philippines, believed that Yuchengco was being true to himself when he raised P250 million from his own resources in support of PPI.

"The soft spot behind a decade of firm leadership has earned him (Yuchengco) the respect of his colleagues in the diplomatic world. He is known to be a fair and just man. I admire him also for his high regard for education and for instilling good values among the youth," Laurel said.

Former Education Secretary Andrew Gonzalez said that "in raising P250 million from his personal resources to alleviate the plight of PPI parents with tuition problems, Ambassador Yuchengco certainly proved his commitment to serve the public unselfishly."

Moreover, Gonzalez said that "while it is a corporate matter that PPI should resolve, he (Yuchengco) went beyond the call of obligation to help plan holders cope with their children's school requirements."

"We both share the same high regard for education and I believe this is his way of showing it," he said.

Manila Jaycees president Pablo Carlos III praised Yuchengco for his unselfish contributions as a major donor to the Blessed Teresa of Calcutta Humanitarian Awards Search since 1983.

 
At Tuesday, May 17, 2005 7:38:00 AM, Anonymous Anonymous said...

Please tune in to your radio sets, DWIZ 638 on your AM Band at 12 noon today, Tuesday, 17 May.

 
At Tuesday, May 17, 2005 8:06:00 AM, Anonymous Anonymous said...

Please tune in to your radio sets, DWIZ 638 on your AM Band at 12 noon today, Tuesday, 17 May.
--------------------------
DWIZ Radio is 882 on your AM dial. Mea culpa!

 
At Tuesday, May 17, 2005 9:35:00 AM, Anonymous Anonymous said...

In Margaret Jao-grey's column in the Inquirer today, she said the P250M from Yuchengco is not a donation, it's a loan. So far, all the press releases of YGC including the pandering of prominent personalities, give the impression it's a gift from the "very generous" old man. Can someone confirm? I haven't seen anything about it being a loan. Did we miss the fine print?

 
At Tuesday, May 17, 2005 9:47:00 AM, Blogger bing said...

ch 7 news last night said that SEC released a document negating ppi's grounds for rehab. how come all news media are now silent about this? can we get a copy of this document? we should endeavor to publicize it as much as possible.

 
At Tuesday, May 17, 2005 10:46:00 AM, Anonymous Anonymous said...

For technical purposes, the 250M is a loan. But for all practicality, the Yuchengcos are prepared to write it off.

Oh, and they really made the rounds in business, social and education circles, soliciting favorable write-ups on that 250M and giving the write-ups to media as a press release. Well, we're not impressed.

 
At Tuesday, May 17, 2005 11:37:00 AM, Anonymous Anonymous said...

At Large : A name and an obligation
, May 16, 2005
Updated 10:36pmam (Mla time)
Rina Jimenez-David
Inquirer News Service



HOW much is one's name worth? For Alfonso Yuchengco, former ambassador and tycoon, the measure has just been set at P250 million. This is the amount taken from what he says are his "personal" funds that he turned over Friday to Pacific Plans Inc., the troubled subsidiary that has been relegated to the fringes of the vast empire that is the Yuchengco Group of Companies.

"That's not a small amount," Yuchengco needlessly points out. As he remarked during the turnover, he had "cried for three nights" before the day he was to hand over the check to Ernesto Garcia, president of Pacific Plans. "And when I come home tonight, I will cry some more," he added.

A personal fortune that can withstand leakage of P250 million without too much shrinkage takes a lot of work to build, and as Yuchengco tells it, he had indeed worked very hard for his millions. "You can ask my employees, I work very hard. I work even on Saturdays, and when I was younger, you could find me in the office even on Sundays."

But, he emphasizes, much as he would miss the P250 million, and even if he claims not to have "any legal obligation" to infuse Pacific Plan's working capital with his own money, Yuchengco says protecting his and his family's reputation is even more important. Though he made the decision on his own, the former ambassador says all his children "agreed with it and support me on this."

Perhaps a brush with mortality has something to do with Yuchengco's sanguine attitude. Still recovering from a quintuple heart bypass last March, Yuchengco jokes that "in the last 20 years, I've been negotiating with St. Peter. I asked if I could bring my money with me, and so far, I have received no answer."

* * *

BUT if you ask the education-plan holders of Pacific Plans, especially the more agitated clients who have banded themselves into the Parents Enabling Parents (a play on the initials on of Pacific Education Plans) Coalition, they know exactly where (or to whom) Yuchengco can leave his wealth. In their view, even if the Yuchengcos stand to lose their entire fortune, it is still the family's responsibility to meet their obligations to the plan-holders, to whom Pacific Plans had promised that it would pay for the education of their children when their plans matured.

Last Friday, the PEP Coalition formally filed their opposition in the Makati Regional Trial Court to Pacific Plans' petition for rehabilitation, which would allow it to hold off from paying maturing "open-ended" educational plans while it figures out an acceptable compromise with the plan holders. In a letter last April, the company proposed to replace all open-ended plans with fixed-value plans that would carry "roughly" 7 percent annual return up to 2010. On that year, when the government (National Power Corp.) bonds to which the plans are tied mature, payments will be made on the plans. "No funds would be released until then," said Garcia.

* * *

"THIS is a bad precedent for other companies," remarks Philip Piccio, president of the PEP Coalition. "We want the corporation to stand up to its obligations. We appeal to the regulating body, the Securities and Exchange Commission, to exercise its duty to penalize erring corporations and protect the public. We want the secretary of finance to realize the public sector impact of this problem and address it. We also ask the entire pre-need industry to step in and do something about this problem in their 'family.'"

Piccio says one of the sources of trouble for the pre-need industry are the many "legal gray areas" around their products. "What is a pre-need education plan? Is it insurance? Is it securities?" To finally nail down the legal vagaries, Piccio said they have been talking to legislators on the crafting of a bill that would finally define pre-need products and establish more stringent regulations.

As for Yuchengco's "personal donation" of P250 million to Pacific Plans, Piccio bristles that "they even want us to be grateful!" when it has been Yuchengco's or his company's obligation all the while to infuse Pacific Plans with enough cash to meet its obligations.

Other members of the coalition relate that soon after they received the letters informing them of Pacific Plans' petition for rehabilitation, they made an appointment with Yuchengco so they could hand him a letter asking him to intercede in their behalf. "But when we got to his office, no one came out to meet us. Not even a secretary. Instead, we were met by a security guard who simply received the letter. We never heard from him again."

* * *

THE WAY Yuchengco sums up the problem with Pacific Plans, the viability of the business was doomed in 1990 when the Education Act was amended, lifting the "cap" on tuition rates and allowing schools to raise tuition indiscriminately. The monetary crisis of 1997 didn't help, either.

But it seems puzzling why it has taken Pacific Plans and its corporate parent some 15 years to address this crisis, when the business of insurance, it seems to me, is precisely to assess risk and reduce liabilities, including that of their customers.

In the meantime, according to the grapevine, not even the P250 million from Yuchengco, which would boost Pacific Plans' assets to more than P600 million, would be enough to meet its obligations, namely, the tuition of some 16,000 scholars for the first semester of school year 2005-2006. When I asked what would happen to Pacific Plans scholars currently in, say, third-year college, Yuchengco remained noncommittal.

To Pacific Plans' credit, it has at least accessed the legal system before taking unilateral action to address its capital hemorrhage. It has therefore placed its financial records as part of public record. "They can look through all our books and papers. I have nothing to apologize for our investment performance and our track record," declares Yuchengco.

 
At Tuesday, May 17, 2005 11:50:00 AM, Anonymous Anonymous said...

This 250M is really a loan to PPI which is convertible to 40% equity in a company he left for dead and is trying to show the public his attempt at responsibility

At Large : A name and an obligation
, May 16, 2005
Updated 10:36pmam (Mla time)
Rina Jimenez-David
Inquirer News Service
HOW much is one's name worth? For Alfonso Yuchengco, former ambassador and tycoon, the measure has just been set at P250 million. This is the amount taken from what he says are his "personal" funds that he turned over Friday to Pacific Plans Inc., the troubled subsidiary that has been relegated to the fringes of the vast empire that is the Yuchengco Group of Companies.
"That's not a small amount," Yuchengco needlessly points out. As he remarked during the turnover, he had "cried for three nights" before the day he was to hand over the check to Ernesto Garcia, president of Pacific Plans. "And when I come home tonight, I will cry some more," he added.
A personal fortune that can withstand leakage of P250 million without too much shrinkage takes a lot of work to build, and as Yuchengco tells it, he had indeed worked very hard for his millions. "You can ask my employees, I work very hard. I work even on Saturdays, and when I was younger, you could find me in the office even on Sundays."
But, he emphasizes, much as he would miss the P250 million, and even if he claims not to have "any legal obligation" to infuse Pacific Plan's working capital with his own money, Yuchengco says protecting his and his family's reputation is even more important. Though he made the decision on his own, the former ambassador says all his children "agreed with it and support me on this."
Perhaps a brush with mortality has something to do with Yuchengco's sanguine attitude. Still recovering from a quintuple heart bypass last March, Yuchengco jokes that "in the last 20 years, I've been negotiating with St. Peter. I asked if I could bring my money with me, and so far, I have received no answer."
* * *
BUT if you ask the education-plan holders of Pacific Plans, especially the more agitated clients who have banded themselves into the Parents Enabling Parents (a play on the initials on of Pacific Education Plans) Coalition, they know exactly where (or to whom) Yuchengco can leave his wealth. In their view, even if the Yuchengcos stand to lose their entire fortune, it is still the family's responsibility to meet their obligations to the plan-holders, to whom Pacific Plans had promised that it would pay for the education of their children when their plans matured.
Last Friday, the PEP Coalition formally filed their opposition in the Makati Regional Trial Court to Pacific Plans' petition for rehabilitation, which would allow it to hold off from paying maturing "open-ended" educational plans while it figures out an acceptable compromise with the plan holders. In a letter last April, the company proposed to replace all open-ended plans with fixed-value plans that would carry "roughly" 7 percent annual return up to 2010. On that year, when the government (National Power Corp.) bonds to which the plans are tied mature, payments will be made on the plans. "No funds would be released until then," said Garcia.
* * *
"THIS is a bad precedent for other companies," remarks Philip Piccio, president of the PEP Coalition. "We want the corporation to stand up to its obligations. We appeal to the regulating body, the Securities and Exchange Commission, to exercise its duty to penalize erring corporations and protect the public. We want the secretary of finance to realize the public sector impact of this problem and address it. We also ask the entire pre-need industry to step in and do something about this problem in their 'family.'"
Piccio says one of the sources of trouble for the pre-need industry are the many "legal gray areas" around their products. "What is a pre-need education plan? Is it insurance? Is it securities?" To finally nail down the legal vagaries, Piccio said they have been talking to legislators on the crafting of a bill that would finally define pre-need products and establish more stringent regulations.
As for Yuchengco's "personal donation" of P250 million to Pacific Plans, Piccio bristles that "they even want us to be grateful!" when it has been Yuchengco's or his company's obligation all the while to infuse Pacific Plans with enough cash to meet its obligations.
Other members of the coalition relate that soon after they received the letters informing them of Pacific Plans' petition for rehabilitation, they made an appointment with Yuchengco so they could hand him a letter asking him to intercede in their behalf. "But when we got to his office, no one came out to meet us. Not even a secretary. Instead, we were met by a security guard who simply received the letter. We never heard from him again."
* * *
THE WAY Yuchengco sums up the problem with Pacific Plans, the viability of the business was doomed in 1990 when the Education Act was amended, lifting the "cap" on tuition rates and allowing schools to raise tuition indiscriminately. The monetary crisis of 1997 didn't help, either.
But it seems puzzling why it has taken Pacific Plans and its corporate parent some 15 years to address this crisis, when the business of insurance, it seems to me, is precisely to assess risk and reduce liabilities, including that of their customers.
In the meantime, according to the grapevine, not even the P250 million from Yuchengco, which would boost Pacific Plans' assets to more than P600 million, would be enough to meet its obligations, namely, the tuition of some 16,000 scholars for the first semester of school year 2005-2006. When I asked what would happen to Pacific Plans scholars currently in, say, third-year college, Yuchengco remained noncommittal.
To Pacific Plans' credit, it has at least accessed the legal system before taking unilateral action to address its capital hemorrhage. It has therefore placed its financial records as part of public record. "They can look through all our books and papers. I have nothing to apologize for our investment performance and our track record," declares Yuchengco.

 
At Tuesday, May 17, 2005 12:28:00 PM, Anonymous Anonymous said...

Eh ano ba sa inyo kung sumunod kami sa amo namin???? Di niyo lang alam na tuwing sumusunod kami sa mga utos nila gaya ng sit...roll...stay...down...., e may sinusubo naman sila sa amin na reward.
Di niyo nga alam na si Atty. Tecson, di tunay na tao yon. Ventriloquist doll daw siya. Di ba yung itsura niya, parang di niya pinapaniwalaan ang mga sinasabi niya?
Inaamin ko na madalas, gusto rin namin dito sa blog niyo kasi yung sa kabila, ang ingay ingay ng mga kahol ng mga aso!!! BOW WOW WOW

Ha? Kayo ata mga yun eh. Mga asong ulol. Rabid dogs!

 
At Tuesday, May 17, 2005 12:33:00 PM, Anonymous Anonymous said...

HA!!!!! Mr. "Integrity" is once again diserviced by his very intelligent spin doctors and PR managers. Imagine, practically begging people of his "stature" for a word or two about him!!!??!? Spin doctors and court jesters do mix, afterall. And as if we didn't know that they practically had to twist the arms of some columnists just to write their propanganda about him.
Go ahead take it all with you in your grave. That should spare your squabbling children of further infighting within the family.

 
At Tuesday, May 17, 2005 1:20:00 PM, Anonymous Anonymous said...

Just came from PICC. You should have seen Piccio grandstanding again.

 
At Tuesday, May 17, 2005 1:29:00 PM, Anonymous Anonymous said...

I saw him too and i can say tama lang yun ginawa niya how would you feel pag ayaw ka nilang papasukin. Baka ikaw ang magwala dun.

 
At Tuesday, May 17, 2005 1:58:00 PM, Anonymous Anonymous said...

I too was there. Ke nasa loob o nasa labas sya, magwawala pa rin yun. grandstander naman talaga yun saka wala namang gagawin un sa loob kundi guguluhin lang kaming mga tumatanggap ng checks.

Philip Piccio a politician in the making? Not a very far-fetched idea!

With the Erap Group behind him, lots of moolah indeed to run a campaign.

 
At Tuesday, May 17, 2005 2:23:00 PM, Anonymous Anonymous said...

"By what you posted, it seems you are playing mindgames with the planholders. You shouted fraud because PPI's original letters to SEC had a different intention to what has happened. And this succeding letter to the SEC, which you have but didn't release at the same time as the original letter, shows that PPI followed exactly what they had SEC approve.

Please don't manipulate the planholders."

In a debate, it is a MUST that you back up your comment that the planholders are indeed being manipulated.

So far, the PEP Coalition has shown documentary PROOF that the SEC has indeed been misled by the YGC! In fact, the SEC Chairperson herself was questioning why PPI was seeking regulatory approval and why there were qualifications in their FS.

The critical point that the PEP Coalition makes is that the sender is no longer Ms. Helen Y. Dee is important becasue if you will recall, she was the one who inititated the conversation. Is it because this SVP will eventually be the fall guy in the event that things go wrong?

 
At Tuesday, May 17, 2005 2:50:00 PM, Anonymous Anonymous said...

Well, then we all have to thank him for making noise kc if not YOU will not even be in PICC claiming the additional tuition support. If not for the noise he is making, Right? So please stop criticizing others and look inside you on how you can help. Puro kasi kayo pintas! E kayo ano na ba ang nagawa nyo? Maghihintay lang naman kayo ng balita kung kelan makukuha ang cheke nyo!!

 
At Tuesday, May 17, 2005 2:59:00 PM, Anonymous Anonymous said...

ang hirap kasi sa inyo, how well are you sure na kaya nagbigay ng 250M si AY is because of you? Are you that clairvoyant enough to know his real intentions?

Who knows this is just one of the programs of action that is consistent with their petition for rehab?

 
At Tuesday, May 17, 2005 3:08:00 PM, Anonymous Anonymous said...

The more kailangan natin mag-ingay, because they think that by giving the 250m we will just keep quiet and wait until next year to make noise again.

 
At Tuesday, May 17, 2005 3:12:00 PM, Anonymous Anonymous said...

It is very clear the reason magpa-loan si AY ng 250M is because his integrity and his name is at stake. Sa tingin mo ba kung tatahimik lang tayo tulad ng ginawa ng mga CAP planholders e maglalabas si AY ng pera.

BTW, i don't care if atty. piccio is backed up by erap's camp, or cory's camp or gma's camp, basta ang importante pinaglalaban nya ang karapatan natin.

 
At Tuesday, May 17, 2005 3:31:00 PM, Anonymous Anonymous said...

"BTW, i don't care if atty. piccio is backed up by erap's camp, or cory's camp or gma's camp, basta ang importante pinaglalaban nya ang karapatan natin."

Look deeper as time pass by! And understand the real motive!

 
At Tuesday, May 17, 2005 4:12:00 PM, Anonymous Anonymous said...

To the pro-rehab group,

Why don't you lot just get out of here? You have your own blog anyway. Wasn't that the entire point of that blog -- so you could have your own venue? You can do all your Philip-bashing there.

If we want to know your opinion, we can just go there and read it. Otherwise, pls do not bother us b/c what you are posting here serves no purpose.

 
At Tuesday, May 17, 2005 4:31:00 PM, Anonymous Anonymous said...

I can reading about the other site but don't know what the site is. Can someone post it? Since they're trying so hard to sway us, why don't we do the same and post in their site and enlighten the pro-rehab group about what they will really get in 2010? Maybe some of them are really innocently unaware of YGC's tactics and think a bird in hand is better than 2 in a bush, not knowing that the bird in their hand is dead.

 
At Tuesday, May 17, 2005 4:51:00 PM, Anonymous Anonymous said...

http://partyofenlightenedplanholders.blogspot.com/

 
At Tuesday, May 17, 2005 5:01:00 PM, Anonymous Anonymous said...

Don’t bother to ask their site since they have no members at all. Those posting in our site are only PR people hired by Pacific to create division and create a sense that there are pro-rehab plan-holders. If there are really pro-rehab members as they claim they have why then will Pacific secretly stage a meeting with only employees of YGC invited (because they cant speak out otherwise they get fired) while the posters outside says WELCOME PACIFIC PLAN-HOLDERS. Look what happened to their media stage propaganda it blew in their own faces. BISTADO KAYO WALANG PRO-REHAB SA MGA TRAD PLAN-HOLDERS what do you think of us MORONS

 
At Tuesday, May 17, 2005 5:25:00 PM, Anonymous Anonymous said...

huwag na po nating gawing issue dito si Atty. Piccio. mabuti nga po at sila ay nagbibigay ng oras nila para lahat po tayo ay matagumpay sa ating pinaglalaban. ganyan naman ang sakit nating mga pinoy, madali tayong maggawa ng intriga at manira ng kapwa. waste of time lang yan. tama po ang nagsabi na tingnan natin lahat ang sarili natin at ano ang ating matutulong. marami dyan madaming sinasabi pero nagaantay lang makinabang sa pinaghirapan ng iba. wag na lang po. mabuti nga po at mayroon tayong nabuong grupo - maraming salamat kanila winnie at elvie at marami pang iba na talaga naman po ay "blessings" sa atin lahat. isipin niyo naman po kung wala tayong ginawa at hinayaan na lang natin ang mga mayayamang yuchengco. kaya sana po kung wala din naman masasabing maganda ang mga tao dito ay wag na lang po makisali. salamat po. Mabuhay ang PEP Coalition! God be with us!Magkita-kita po tayo sa Misa at prayer rally sa May 25 at sabay sabay tayong humarap sa RTC ng Makati. Para sa akin po, kailangan madami po tayo sa araw na ito, isama po natin ang mga anak, apo, pamangkin na mga scholars natin. Sigurado pong magiging "Mainit" ang araw na ito kaya magdala po kayo ng payong, sumbrero, candy/snacks at inumin niyo. Walang iwanan!

 
At Tuesday, May 17, 2005 5:40:00 PM, Anonymous Anonymous said...

"BISTADO KAYO WALANG PRO-REHAB SA MGA TRAD PLAN-HOLDERS what do you think of us MORONS"

WELL, YOU ARE REALLY ARE MORONS! IF YOU THINK NA HINDI KAMI PLANHOLDERS, KABOBOHAN NA YAN! DONT CALL US NAMES! WE ARE NOT LIKE YOU, BRAGGARDS AND FULL OF HOT AIR. WE TOO ARE PLANHOLDERS BUT WE SUPPORT REHABILITATION BECAUSE WE DON'T HAVE THE MONEY TO LAST THE LONG LEGAL PROCESS. WE BELIEVE THAT ALTHOUGH THE PROPOSED ROI + 7% INTEREST SEEM SMALL FOR YOU, THIS IS A PLAN UNLIKE YOUR COALITION WHICH HAS NO CONCRETE PLANS FOR NOW. UNLKE YOU RICH AND SPOILED BRATS, WE DONT HAVE THE TIME AND THE RESOURCES TO TIDE US UP WHILE YOU ARE FIGHTING YOUR CAUSE.

 
At Tuesday, May 17, 2005 6:35:00 PM, Anonymous Anonymous said...

Ahhh, there you go! If people with money wanna screw up people without money, the latter should just give in because it's expensive to fight? That's your logic? For that matter, try to force other people who are willing to fight even if it entails sacrifice on their part because you don't want to fight?

Therefore, when we are being raped, we should really recline and enjoy it, right? In fact, we should chide those other people who are being raped to stop resisting, right?

 
At Tuesday, May 17, 2005 8:14:00 PM, Anonymous Anonymous said...

to the who is supposed to be pro-rehad...

i don't mind if you want to wait for 2010 but the thing that i can't take is how can you teach your children the value of fighting for your rights. oh boy! that is your right and it was taken away from you and you will just keep quiet and will do nothing. if this is the attitude of all pilipinos then ... talagang maiiwan tayo sa kang-kungan!

ofw/saudi arabia

 
At Tuesday, May 17, 2005 8:51:00 PM, Anonymous Anonymous said...

To the person who said

“WELL, YOU ARE REALLY ARE MORONS! IF YOU THINK NA HINDI KAMI PLANHOLDERS, KABOBOHAN NA YAN! DONT CALL US NAMES! WE ARE NOT LIKE YOU, BRAGGARDS AND FULL OF HOT AIR. WE TOO ARE PLANHOLDERS BUT WE SUPPORT REHABILITATION BECAUSE WE DON'T HAVE THE MONEY TO LAST THE LONG LEGAL PROCESS. WE BELIEVE THAT ALTHOUGH THE PROPOSED ROI + 7% INTEREST SEEM SMALL FOR YOU, THIS IS A PLAN UNLIKE YOUR COALITION WHICH HAS NO CONCRETE PLANS FOR NOW. UNLKE YOU RICH AND SPOILED BRATS, WE DONT HAVE THE TIME AND THE RESOURCES TO TIDE US UP WHILE YOU ARE FIGHTING YOUR CAUSE. “

"WE DON'T HAVE THE MONEY TO LAST THE LONG LEGAL PROCESS"

But you have the money to pay for your child’s tuition. Kami wala kami pang bayad kaya were insisting Pacific to keep its commitment. Ano ba talaga ikaw yata ang may pera?

Can you pro-rehab show your faces in TV. Since Pacific officials suddenly became a no show in all stations why don’t you guys show yourself to prove that truly you are planholders. Are you afraid your co-employees in your PR firm might squeal on you. Please call a general meeting for your group to show that you are the majority. Please no more mock meeting like the debacle that happened 2 Saturdays ago. Your meeting certainly made news the next day “Walkout plugs Pacific meeting” PALPAK TALAGA PR NYO!!!!!!!!!!!!!!!!!!!!!!

Please show yourself in TV to prove you are for real!!!!!!!!!!!

 
At Tuesday, May 17, 2005 10:25:00 PM, Anonymous Anonymous said...

To the pro-rehabs, for delicadeza, you should refuse any money being released for this coming school year. After all, aren't you waiting for your money to mature in 2010? E bakit pa kayo nakikiambos? Para naman kayong mga fence sitters, tapos garapal pa sa vultures, pag may kokolektahin. Iba ang kinakanta niyo sa sinasayaw niyo!!!
I DARE YOU TO COME UP WITH A MANIFESTO NOT TO ACCEPT ANY MONEY IN CONNECTION TO THE EDUCATIONAL PLAN.

 
At Tuesday, May 17, 2005 11:46:00 PM, Anonymous Anonymous said...

Philip Piccio may be an S.O.B. in your eyes BUT he's our S.O.B.

We support him 100%.

You YGC paid hacks, now that the SEC has given its thumbs down to the rehab, what say you? So in a few days, you'll find yourelf jobless again until somebody pays you a few pesos to sit and roll over again...You guys are the scum of the earth.

 
At Wednesday, May 18, 2005 2:24:00 AM, Anonymous Anonymous said...

Yes, I agree we should also dabble in the other blog that is pro-rehab:

http://partyofenlightenedplanholders.blogspot.com/

It's amazing how more than 50% of the exchanges on that blog seem to be written by the same hand. If only for its entertainment value, I invite you to check it out: it's quite a show.

 
At Wednesday, May 18, 2005 9:05:00 AM, Anonymous Anonymous said...

Whiile I see the gist of your point, Philip Piccio is no S.O.B. He's simply an enraged victim, as he--like all of us--has then right to be.

To PPI at Al Yuchengco: Binigyan kayo ng pambili ng edukasyon, hindi suka sa kanto. Huwag naman kayong manggulang. Ibigay niyo sa planholders ang kumpletong edukasyong binili nila mula sa inyo...para sa mga anak nila.

 
At Wednesday, May 18, 2005 9:28:00 AM, Anonymous Anonymous said...

I DARE YOU TO COME UP WITH A MANIFESTO NOT TO ACCEPT ANY MONEY IN CONNECTION TO THE EDUCATIONAL PLAN

WHO'S DARING WHO! E KAYO ANG TUMATANGGAP NG PERA DIN AH. WHY NOT DO IT YOURSELF RATHER THAN ACCEPTING IT UNDER PROTEST. EITHER YOU RECEIVE IT OR NOT RECEIVE IT.

 
At Wednesday, May 18, 2005 9:31:00 AM, Anonymous Anonymous said...

"now that the SEC has given its thumbs down to the rehab"

covering up for its incompetence when it not for this, no trouble should have erupted.

Face saving measures!

 
At Wednesday, May 18, 2005 9:46:00 AM, Anonymous Anonymous said...

Anonymous said...

I DARE YOU TO COME UP WITH A MANIFESTO NOT TO ACCEPT ANY MONEY IN CONNECTION TO THE EDUCATIONAL PLAN

WHO'S DARING WHO! E KAYO ANG TUMATANGGAP NG PERA DIN AH. WHY NOT DO IT YOURSELF RATHER THAN ACCEPTING IT UNDER PROTEST. EITHER YOU RECEIVE IT OR NOT RECEIVE IT.

Wednesday, May 18, 2005 9:28:38 AM

E karapatan nga naming mabayaran ng buo ng PPI, at yun ang pinaglalaban namin. Tapos hindi namin tatanggapin??? Whatever crumbs they throw to us is still RUGHTFULLY our money. Common sense is not common ano??? Kayong gusto tumanggap sa 2010 ay dapat maghintay nalang sa 2010. Logical???

 
At Wednesday, May 18, 2005 11:29:00 AM, Anonymous Anonymous said...

common sense? eh pag di pa kayo due this 2005 till 2010 to receive your benefits, then don't receive it too. receive it on the year you're supposed to receive if that's want the pro-rehab to do. LOGICAL?

mabayaran ng buo o crumbs, pareho rin yun. you are still receiving. common sense is really not common amongst you!

 
At Wednesday, May 18, 2005 11:30:00 AM, Anonymous Anonymous said...

common sense? eh pag di pa kayo due this 2005 till 2010 to receive your benefits, then don't receive it too. receive it on the year you're supposed to receive if that's what you want the pro-rehab to do. LOGICAL?

mabayaran ng buo o crumbs, pareho rin yun. you are still receiving. common sense is really not common amongst you!

 
At Wednesday, May 18, 2005 11:32:00 AM, Anonymous Anonymous said...

if this is the attitude of all pilipinos then ... talagang maiiwan tayo sa kang-kungan!

hopefully hindi!

 
At Wednesday, May 18, 2005 6:03:00 PM, Anonymous Anonymous said...

"eh pag di pa kayo due this 2005 till 2010 to receive your benefits, then don't receive it too."


Yup. Better not argue nalang with the pro rehabs. I do not think they know what we are fighting for, based on their statement above. Ang buong akala pala nila ay hinihingi natin ngayon ang lahat ng tuition due for SY 2005 to 2010. Ipagdasal nalang natin sila.

 
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