Tuesday, May 17, 2005

What the PEP Coalition has done so far

With the whirlwind of events that have come and gone over the past couple of weeks, we in the PEP Coalition feel it is a good time to reflect on all the accomplishments and milestones we have achieved since our first informal organization meeting.

1. Congressional Lobbying:
    • Lobbied with members of the Congress that resulted in a resolution being filed by Sen. Pangilinan calling for a Senate inquiry on PacificPlans, Inc. This matter has since been referred to the Committee on Banking and Finance chaired by Sen. Angara. Fist hearing I scheduled for May 31.
    • Cong. Zialcita filed a resolution calling for a Congressional inquiry on Pacific Plans, Inc. in aid of legislation on the pre-need code under the Banking and Finance Committee headed by Cong. Lopez

2. Meetings with concerned national government agencies:

    • Meeting with Department of Finance Sec. Purisima
    • Meeting with SEC Chairman Fe Barin where she assured the Coalition representatives that the SEC will look ensure that the sanctity of the contractual obligation between planholders and PPI, Inc. is upheld

3. Media campaign

    • TV appearances (Dong Puno, Debate, Cito Beltran, Reporters Book, etc., radio interviews, print articles)
    • Not to mention our very effective use of the new media - the Internet campaign =)
4. Incorporation of PEP Coalition with SEC and setting-up of headquarters at Unit

6-A, Sayoc Bldg 100, Sen Gil Puyat Avenue, Makati

5. Organization of school (Xavier-ICA, Ateneo, Metro Manila South schools and

provincial chapters (Davao, Batangas, etc.)

6. Gained support of Fr. Robert Reyes, the running priest

7. Held 2 general assemblies (April 25 and May 14)

8. Last May 13, filed opposition to the PPI petition for rehabilitation


1. Continue massive information dissemination (text brigade, fliers in churches, schools, e-mail/fax, coalition position paper, etc.)

2. Organize by schools, offices, provinces. Get in touch with Coalition for assistance.

3. Volunteer in Coalition working committees (see list and contact persons)

4. Send in your stories so we can document PPI rehab plan effect in our lives.

5. Join coalition activities…the next upcoming event is on May 25, we are holding a Prayer Rally at St. Andrew’s Parish, Bel-Air Makati at 8:30 am. We encourage all of you to wear a white T-shirt with black arm bands. Bring placards.

We would thank all of you fellow parents, grandparents, aunts and uncles who have banded together to help all fellow planholders. Let us hope that our joint cries for justice will resonate and that our endeavors bear fruit for all of our children.


At Tuesday, May 17, 2005 4:43:00 PM, Anonymous Anonymous said...

There are reports that PPI agents are distributing affidavits for their clients to sign that basically interpose NO OBJECTION to the rehabilitation plan.

Tell your friends, family, collegues and fellow parents NOT to be fooled and to refuse signing such forms.

At Tuesday, May 17, 2005 4:55:00 PM, Anonymous Anonymous said...

Well, if we agree to Rehab then that's our decision.

Respect our decision as we respect yours too.

Thank you!

At Tuesday, May 17, 2005 5:07:00 PM, Anonymous Anonymous said...

Really? However, your not a plan-holder so how can you sign. Your just a paid PR man of Pacific.

At Tuesday, May 17, 2005 5:30:00 PM, Anonymous Anonymous said...

To the poster "There are reports that PPI agents are distributing affidavits for their clients ....."

Why do you say that we tell our friends, family, collegues and fellow parents NOT to be fooled and to refuse signing such forms? Who is fooling who?

At Tuesday, May 17, 2005 5:30:00 PM, Anonymous Anonymous said...

Please include Cito Beltran in the honor roll list. Thank you.

At Tuesday, May 17, 2005 6:15:00 PM, Anonymous Anonymous said...

Try to get a copy of the said affidavit - no objection to rehab plan and have it scanned and posted on this site.

At Tuesday, May 17, 2005 8:23:00 PM, Anonymous Anonymous said...

Pro-rehab plan-holders are not suppose to receive any additional tuition support. The money meant for you is to come in 2010. We in the anti rehab can divide whatever amount they’re suppose to receive in the additional support. What do you say guys?


At Wednesday, May 18, 2005 7:59:00 AM, Anonymous Anonymous said...

Sana naman yung mga pro-rehab kung wala rin lang kayong masasabing mabuti wag na kayong magsalita pa, tutal set na kayong maghintay sa 2010, quiet na lang kayo... let those people who are principled, intelligent and vocal enough with a lot of guts and willpower fight for the many others who want to fight but can't for the simple fact na hindi lahat ng tao may lakas ng loob na humarap sa publiko or may kakayahang magsalita ng tama at maayos... pasalamat tayo at hindi lang matatapang ang mga members ng coalition, matatalino pa at may mga connect 'coz if not lahat tayo panis... just imagine, if not for them malalaman ba ng lahat ang underground works ng PPI kaya plantsadong-plantsado at tila baga mga schecule ang mga padale nila kasi nga pinag-planuhan talaga nila ito pati na nga pang-uuto at pang-kumbinse sa planholders na magsiguro na lang, balik pera lang ba with 7% masaya na kayo... hindi naman yun ang kontrata at lahat tayo fully paid na nuon pa nasaan na yung pera natin na dapat pinangalagaan nila to ensure na mapapakinabangan natin when the time comes 'coz yun ang business nila di ba, they have to face their obligations...

If not for the very pro-active Coalition members, how do you think our case would be heard (or researched even) to help our children get what they deserve - quality education !!! Dapat talaga magka-isa ang lahat ng planholders to make PPI present us a better compromise if not fully serve their obligations.. wag na tayong magtalo iisa lang naman ang goal natin...

Let's join hands 'coz together, yung mga boses, kakayahan at talino kasama nung mga tahimik lang na silent majority, we wcan make PPI listen to us plus tell the business community as a whole that they just can't bully the people who build their businesses na after makinabang na sila e bahala na kayo - soli pera lang after 15 years or more mong hinintay na mapakinabangan and at that wait ka pang additional 5 years bago maisoli yung pera mong halos wala nang halaga sa 2010... hindi tama yun kahit paano mo pang balibaligtarin... sa mga pro-rehab - tama bang lunukin nyo na lang na niloko ka na nga pasalamat ka pang isosoli ang pera mo sa 2010? Isipin nyo nga... if not for the Coalition wala na sanang additional tuition fee support di ba? and becoz the Coalition keeps fighting may pag-asa tayong ma-serve ng mas maayos yung pinaghirapan nating lahat na plans na binili natin para sa ating mga anak, bakit natin pababayaang mawala na lang yung dapat ay sa mga anak natin talaga???

Let's all go to the May 25 Prayer Rally to tell PPI that we are serious in wanting not just our money back+7% in 2010 which is so ridiculous (puro na lang ba tayo hintay, when we bought our plans we have to pay in 5 years tapos wait another 5 for exposure or until our kids are ready to use the plans, tapos ngayong gagamitin na, wait another 5 years para maibalik lang ang ibinayad natin... its so ridiculous no matter how you look at it) but we want them to honor their obligations, yun lang!!!

If you don't want to fight or can't for one reason or the other then don't but why go against the Coalition who's doing a great job Piccio or no Piccio, so what if he granstands, he's effective at it, he's making a point for all of us... hindi naman sya basta nagwawala lang for the heck of it, hindi lang oras nya ang ginugugol nya para sa atin mind you and same goes to all the pro-active members of the Coalition... to say the least, sila may tutoong ginagawa para yan sa lahat hindi lang sa kanila, to be honest, kulang ang pasalamat lang but they're not even asking that of us... makiisa lang tayo, that's what they really need, para sa ating lahat.

So let's all support the Coalition, pray for the Coalition that they may present our case to our best advantage, to win... they're the one's who's making it better for us in this struggle.

At Wednesday, May 18, 2005 9:43:00 AM, Anonymous Anonymous said...

"Really? However, your not a plan-holder so how can you sign. Your just a paid PR man of Pacific."

Ogag ka talaga. 2 plano ko non-ex d tulad mong exclusive. Elitista.

At Wednesday, May 18, 2005 9:58:00 AM, Anonymous Anonymous said...

To poster above

Show yourself in TV. at Call a general meeting for prorehab group para makita namin ung tunay talaga kayo!!!!!! MANLOLOKO

At Wednesday, May 18, 2005 10:57:00 AM, Anonymous Anonymous said...


At Wednesday, May 18, 2005 11:23:00 AM, Anonymous Anonymous said...

come on, nakikisakay ka lang dito shooo... fly shoooo.... ang dami mong sinasabi e nakatuton ka lang sa kalabaw

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

if you are pro-rehab then you have nothing to do with this site!!! di ba, un din ang position ng ppi? unless ppi mismo kayo!!!

At Wednesday, May 18, 2005 12:04:00 PM, Anonymous Anonymous said...

sabi daw:

malalaman mo kung ano sakit meron ka depende sa lasa ng iyong kulangot

pag maalat, me sakit ka sa kidney

pag matamis, me diabetes ka

pag mapait, me sakit ka sa atay

pero ang pinaka-matindi-pag tinikman mo kulangot mo=ME SAKIT KA SA ULO!!!

sa mga pro-rehab, anu lasa ng kulangot n'yo?

At Wednesday, May 18, 2005 12:14:00 PM, Anonymous Anonymous said...

sorry po! just trying to introduce some levity to the discussion...er Mr Sonny Garcia, you can take your finger out of your nose now. Thank you.

At Wednesday, May 18, 2005 12:45:00 PM, Anonymous Anonymous said...

sa mga pro-rehab, anu lasa ng kulangot n'yo?


At Wednesday, May 18, 2005 1:01:00 PM, Anonymous Anonymous said...

ha-ha...at pumatol ka naman, bobo! napaghahalata tuloy na taga ppi ka nga

At Wednesday, May 18, 2005 1:10:00 PM, Anonymous Anonymous said...

tutuo pala anu! ang talo-pikon, ha-ha

At Wednesday, May 18, 2005 1:18:00 PM, Anonymous Anonymous said...

hindi ko talaga ma gets yang nag nag po-post for rehab...baka naman kailangan na nyang pumasok sa BICUTAN para ma rehab....hehehe!

At Wednesday, May 18, 2005 3:14:00 PM, Anonymous Anonymous said...

Bakit hindi ko dapat tanggapin ang mga balak ng Pacific Plans tungkol sa aking fully paid Traditional Educational Plan?

1. Ang rehabilitation plan ay para lang sa kapakanan ng PPI. Kung ito ay ma approve ng korte, ang PPI ay hindi pwedeng singilin at lalong hindi pwedeng magbayad ng kanit na anong klaseng utang. Lahat ng utang - utang na ginawa before rehabilitation at utang habang may rehab. Kung kaya't ang isang plan holder ay hindi pwedeng bayaran ng kahit na magkano sa panahon ng rehab. Pwede ring hindi makasingil ng commission ang sales agent kung ito ay tatangihan ng PPI. Kung sila ay mag order ng kahit na anong office supply at pagkatapos ay tanggihan nila itong bayaran sa panahon ng rehab, sila ay hinidi pwedeng idemanda, kasi may court decision na sila ay naka rehabilitate.

Ang provision ng batas na ito ay para matulungan ang mga naluluging Companya na makabawi, lumakas ulit, at maibalik sa kanyang dating masiglang business operations. Pero paano naman ma rerehab ang PPI kung wala naman talagan balak itong buhayin ulit? Lahat ng de kalibreng officers, managers at emplyeado at pati na lahat ng bihasang sales agents ay inilipat na sa Lifetime? Paano pa ito magiging masigla ulit kung wala namang producto na ibebenta sa merkado?

Di kaya ang rehab ay kathang isip lamang ng PPI upang tayo ay mapaniwala na may pag asa pa ang PPI? O di kaya ito ay para makaiwas ang mga may ari sa pagbayad ng kanilang mga utang. Ako ay may mga traditional educational plan para sa aking mga anak. ITO ANG AKING INA ASAHAN PARA SA COLEGION NG AKING MGA ANAK.

Ang sabi ni Garcia, President ngayon ng PPI, "we will continue to honor our obligation" Ang sabi niya ay babayaran niya ako ng P85,000 sa 2010. Kung gusto ko ay pwede akong mag advance sa pamamagitan ng tuition fee support... ibabawas nila ang tuition support sa P85,000 na ina alok nila sa akin.

Para makapagtapos ng colegio ang isang bata sa non-exclusive school, ang PPI ay dapat magbayad sa school ng P250,000 for the next four years. eh bakit ko naman tatanggapin ang fixed value na P85,000 na sa 2010 pa babayaran?

Sa totoo lang ako ay nangangamba na pag dating ng 2010, pati na ang P85,0000 na ito ay hindi na rin mababayaran. Kasi pwede nilang sabihin na hindi na rehab (hindi sumigla) ang business ng PPI, kundi lalo pang itong nalugi ang PPI!

Ang tanging paraan na lang ngayon ay magdasal na sana ay maliwanagan ang ating butihing Judge Barza ay ma enlighten/maliwanagan na ang PPI ay may balak manloko sa ating mga plan holders.

Sama tayong lahat sa prayer rally sa May 25. No to Rehab! No to fixed value swap.

At Wednesday, May 18, 2005 10:21:00 PM, Anonymous Gin said...

Just ignore those people who are going for rehab. Actually tama yong isang poster. Kung pro-rehab ka, you should NOT get your checks (the first and the second). Kasi, kaya naman ninyo maghintay hanggang 2010, di ba? So lets see kund meron bang maiwan na mga tseke sa PICC. Kung walang maiwan na tseke, that means mga sinungaling talaga yong mga pro-rehab!!! AT kung mga sinungaling sila, eh di, hindi sila dapat pakinggan at di dapat bigyan ng kahalagan ang mga postings nila dito. So to everybody, THOSE "T---s" ARE NOT WORTH OUR TIME AND OUR SPACE HERE!!

At Thursday, May 19, 2005 7:36:00 AM, Anonymous Anonymous said...

Thursday, May 19, 2005

Pacific Plans accuses SEC
of having double standards

Pacific Plans Inc. (PPI) on Wednesday lashed back at the Securities and Exchange Commission (SEC), decrying as discriminatory its opposition to the proposed rehabilitation plan before a Makati regional trial court.

In a statement PPI’s legal counsel and spokeswoman Jeanette C. Tecson said the preneed company is ready to answer all charges leveled against it by the SEC in court.

Tecson stressed that the SEC is “obviously employing a discriminatory double standard” in dealing with the problems of preneed companies.

She said that although an SEC ad hoc committee had proposed a swap of the traditional open-ended plans with fixed-value plans as among its recommendations to bail out the ailing College Assurance Plan (CAP), “the SEC is treating PPI differently.”

“In contrast to its recommendations on CAP, the SEC is now telling us that our contractual obligations must be respected and that not even the courts should interfere with it,” Tecson said. “This is a clear case of discrimination and double standard,” she added.

Tecson said the PPI did not misrepresent its financial status in its statements to the SEC; “neither did it resort to rehabilitation to evade the payment of its liabilities.”

Calling the SEC allegations “irresponsible and reckless,” she said rehabilitation is not meant to defeat the claims of plan holders but is a way of speeding up payment to them.

The SEC did not say that the spinoff of PPI assets and liabilities to Lifetime Plans and other related companies was fraudulent, Tecson said. What the SEC lamented or characterized as fraud is PPI’s rehabilitation.

She pointed out that rehabilitation is an option for any company in financial distress, and that the rehabilitation plan must not be in any way perceived as an attempt to evade PPI’s obligations.

On Wednesday Sen. Miriam Defensor Santiago filed a resolution directing the Senate Committees on Banks and Financial Institutions and on Education, Arts and Culture to investigate the “financial catastrophe that befell PPI and the laws governing preneed companies.”

“I want this to be a shotgun investigation of other similar cases in the past or maybe those that seem to be pending. Why are they all suffering from the same malaise? Is this an epidemic? And if so what is the systemic reason? It’s time we dealt with it as a pattern rather than as an anecdote,” Santiago told reporters.

She said the much-publicized financial troubles of the PPI and similar companies indicate an urgent necessity for a tighter supervision over the preneed industry.

On April 14 the PPI announced that it had filed a petition for rehabilitation with the Makati court because it could pay only P341-million worth of education claims.

On Tuesday the SEC alleged that the PPI doctored its books to project that its liquidity problems prevented it from paying its plan holders.

Santiago said the supposed fabrication made by the PPI to hide its true financial situation and the SEC’s dilly-dallying on the matter would be the principal issues that will be raised during the inquiry.

She blamed the SEC for not taking earlier action as soon as it had known that it had been taken for a ride.

“We can’t wait for a third or fourth preneed company to follow the path of CAP and the PPI. We’re not talking of companies alone, we’re talking hundreds of thousands of students whose future is being affected,” Santiago said.

The PPI has 34,000 plan holders, 16 of whom have already filed for educational claims for the school year 2005-06. The financial obligations of the PPI to its plan holders are pegged at P350 million for the present enrollment period alone, but it claims it only has P341 million in its coffers.

Sen. Mar Roxas, chair of the Senate Committee on Trade and Commerce, said the SEC should continue to take a proactive role on the supervision of the preneed companies.

“Whatever action the SEC will take would be welcome, since these companies are under its supervision. It can determine the true financial condition of these companies,” Roxas said.

The Committees on Trade and Commerce and on Banks and Financial Institutions conducted a joint hearing on CAP in February after hundreds of parents who bought CAP preneed education plans complained that the company was unable to pay their children’s tuition.
--With Patricia Esteves

At Thursday, May 19, 2005 7:47:00 AM, Anonymous Anonymous said...

Pirating from government
The Philippine Star 05/19/2005

Poor Fe Barin. After resigning from the heavy work load of the Energy Regulatory Commission, the Securities and Exchange Commission chairman seems to be handling one ticking bomb after another.

First, there were pre-need firms, College Assurance Plans Phils., Inc. Pacific Plans, Inc. And now, there’s TPG Corp., a member of the LBC Group, whose trust fund was found to be deficient by P910 million as of November 2002.

As required by law, the corporate fund, which is used for the company’s operation, is managed by the company while the trust fund, which involves other people’s money, is managed by a third-party or independent financial institution. In this particular case, the trust fund manager was investment firm ATR-Kim Eng Capital Partners, Inc..

ATR is the acronym of chairman Ramon Arnaiz, president Manuel Tordesillas, and Lorenzo Roxas. Kim Eng is ATR’s Singaporean partner.

Based on one particular complainant, Carlos Araneta, who copy furnished Bangko Sentral Governor Rafael Buenaventura and Philippine Stock Exchange president Francis Lim, the manager of the TPG trust fund – which had since divested from TPG – was guilty of "serious breach of fiduciary duty and gross mismanagement of trust funds of TPG."

At Thursday, May 19, 2005 8:01:00 AM, Anonymous Anonymous said...

Breaktime: Praying it safe
Posted: 1:13 AM | May 19, 2005
Conrado R. Banal III
Inquirer News Service

WITH the media uproar against companies in pre-need education plans, the Securities and Exchange Commission has no choice but to take the side of the public.

But, of course, the SEC must play it safe!

A good example is the case of Pacific Plans Inc., which was the first and is so far the only pre-need education plan company that ever admitted to a serious liquidity problem.

The company is seeking court approval for its rehabilitation plan. The company said it needs 10 years to earn enough from its investments, plus the P250 million from Alfonso Yuchengco, to cover its obligation to some 34,000 customers-and only partially.

Those 34,000 customers are the holders of the legendary "open-ended" education plans, as against the "fixed-value" plans.

The open-ended plans, as the term indicates, are the "come-what-may" plans.

In the "open-ended" plans, pre-need companies in effect promise that they will take care of the tuition of the kids of whoever would be holding the plans, say, 10 or 20 years from now, even if by then the tuition would be somewhere in the vicinity of another universe.

Of course, anyone who holds such an "open-ended" plan of Pacific Plans, must be against the rehab.

It removes the, well, "open-endedness" of their education plans. The plan holders naturally want the company to stick to its open-ended commitment.

And so the SEC told the court that, yes, indeed, Pacific Plans must pay for the plans right now, this very moment, and it must pay for the entire tuition of the plan holders' kids, wherever in the stratosphere the tuition may be.

* * *

YOU know what? The SEC cannot ever go public with its approval of any rehab plan of any pre-need company, because the SEC itself is the pre-need industry's one and only regulator.

For the SEC, going with the Pacific Plan rehab is a public admission that it failed the public in its job as regulator.

How come the company is having problems? How come the SEC did not warn the public about its financial trouble, in the first place? Where in the SEC offices were the SEC officials sleeping?

Thus, the SEC cannot side with the company it was supposed to regulate. In the Pacific Plan case, the SEC must tell the court that it does not agree with the rehab plan.

Under the law, according to the SEC, Pacific Plans has an "open-ended" obligation. Its obligation, therefore, must stay that way -- meaning, "no end."

Everybody wants Pacific Plans, and the entire pre-need education sector, to keep their promise under the "open-ended" plans.

I also want them to pay up. Every parent wants them to pay up. I am sure that even the owners and executives of the pre-need companies themselves want their companies to pay up.

The only problem is, well, where the hell will they get the money? It is a LIQUIDITY problem, right? That means the pre-need companies do not have the money now, right? Anybody home?

I mean, sure, in taking the NO MERCY position, the SEC may be playing it safe with the public. But it is not exactly a realistic position.

To follow the SEC's wish, the pre-need companies will need lots and lots of prayer, plus a huge miracle, to raise the money for all the open-ended education plans.

What's that? Praying it safe?

Either a miracle, or this cute administration steps into the crisis and provides a liquidity mechanism for the pre-needs.

This, by the way, has been done before. It is not as if this cute administration is reinventing the wheel.

* * *

ANYWAY, "open-ended" plans have become a monster. Even the SEC admitted as much, when it banned that type of pre-need education plan in 2002.

For if the "open-ended" plan was such a good thing, why would the SEC prevent pre-need companies from marketing such a hot-selling item?

I think the SEC itself recognized, although belatedly, that the "open-ended" plans were killing the pre-need companies.

Thus, in 2002, the SEC figured out-correctly-that the "open-ended" plans were not realistic at all. That's why the SEC banned them at that time.

What, I wonder, makes the SEC think that the same unrealistic "open-ended" plans only three years ago, are suddenly so realistic to the SEC today?

It is even telling the court to require Pacific Plan to cover for all those plans?

Playing it safe. What else? The parents are angry, and understandably so, and the SEC cannot go out and explain to them a reality that they do not want to hear.

* * *

BELIEVE me. Today, employees of private schools have a little sideline from brokering "open-ended" plans in the secondary market.

Not everybody who bought "open-ended" plans years ago, are actually using them. The holders also sell the plans to others.

Because the tuition has gone up to another galaxy in the past 13 years, "open-ended" plans are selling today at a handsome profit.

On the average, based on the prevailing tuition, an "open-ended" plan enjoys a return on investment (RoI) of about 1,600 percent.

If the user goes to some exclusive schools, with their tuition having gone up to somewhere near the door of heaven, the RoI can even reach 2,200 percent.

Thus, in an actual real-life case of Pacific Plan, a plan holder bought an "open-ended" plan for only P13,800 some 15 years ago.

By the time Pacific Plan was done paying "open-endedly" for the plan, it has spent a total of P310,000.

Nobody, no matter how good they are in financial investments, can earn that much. Not in this country! Not if you are doing legitimate business! Illegal numbers games like "jueteng," and drugs, sure! But not legitimate business!

Believe me, even employees of private schools cannot make that much money as brokers in the thriving secondary market for "open-ended" plans.

At Thursday, May 19, 2005 8:43:00 AM, Anonymous Anonymous said...

As to the comment of PPI on SEC's double standard, that was based on the newsitem "MANAGEMENT TAKEOVER OF CAP PUSHED" published on April 26, 2005 in the Philippine Daily Inquirer, Business Section B1.

The recommendation of the committee to the CAP problem is almost the same things Pacific has done.

Clearly a case of double standard.

Saving face.

At Thursday, May 19, 2005 1:04:00 PM, Anonymous Anonymous said...

Am just bothered. What is the coalition's point of attack? Is it that in the first place, PPI should have not been in this situation if not for the transfer of its assets to another company?

Isn't that another case altogether and does not actually address the rehab petition?

At Thursday, May 19, 2005 5:00:00 PM, Anonymous Anonymous said...

"Am just bothered. What is the coalition's point of attack? Is it that in the first place, PPI should have not been in this situation if not for the transfer of its assets to another company?
Isn't that another case altogether and does not actually address the rehab petition? "

1) Rehab is the solution to the liquidity problem of PPI, according to Atty. Tecson.

2) But the illiquidity is contrived, designed for PPI to evade its obligationss.

3) It there were no spin-off and wrongful transfers of assets, there would have been no liquidity problem.

4) Solution: No need for rehab, just bring back Lifetime Plans into the fold to solve the liquidity problem... No need to find investor who will invest in PPI to build a fix-plan base, as Sonny Garcia asserts they will do as part of the rehab plan. Why bother, when Lifetime Plans was there...

But wait, isn't there something fishy about separating the fixed-value plans only to look for an investor who will build-up the same businessline that was just spun-off?

Got any ideas how to resolve this?

At Thursday, May 19, 2005 7:16:00 PM, Anonymous Anonymous said...

Philip will have an interview with DZBB (594AM radio) tomorrow at 2:30 p.m.

At Wednesday, October 12, 2005 2:35:00 AM, Blogger St Louis Cardinals BUFF said...

So many blogs and only 10 numbers to rate them. I'll have to give you a 9 because you have a quailty topic.

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