HOW DUMB DOES ABS AND PSE THINK PINOY TRADERS ARE?
LETS PLAY A GAME!
Lets play a game. The title of the game would be HOW DUMB DO THEY THINK PINOY STOCK TRADERS ARE?
This is a simple game. I will present you with facts and you tell me if we are dumb enough to not see it or they are dumb enough to think that we won’t see it.
ABS RECEIVED A CEASE AND DESIST ORDER
DOES CEASE AND DESIST ORDER REGARDING EXPIRED FRANCHISE NEED A DISCLOSURE?
Well, ayun sa ABS hindi. Tamang press release lang na mag off-air sila okay na. Hindi nga nilabas yung actual na cease and desist order.
Instead of publishing a ceast and desist order as a material information naglabas sila ng press release. Ibang klase kase ang press release nila pinapakita na aping-api sila. Look here:
Sa kung anong dahilan bakit pinayagan ang ganyan na uri ng disclosure/press release ay di ko alam.
WHAT DOES PSE RULES SAY?
Tingnan nga natin yung rules ng PSE.
ANO BA SABI SA SEC 4.1?
So, material information ang dapat e disclose.
ANO YUNG MATERIAL INFORMATION?
Ito:
ANO NAMAN ANG MATERIAL INFORMATION SA UNDERSTANDING ANG ABS?
Ito:
PSE SUSPENDED THE TRADING OF ABS
ABS was suspended dahil sa Cease and Desist order.
ANO NAKALAGAY SA RULES REGARDING SA SUSPENSION/HALT KAPAG MAY MATERIAL INFORMATION?
Ito
May exception ba yan? YES. Ito:
So, development is soft. Lets just say for the sake of argument na soft nga ang information. (Walang soft sa Cease and Desist pero sige pagbigyan natin)
ANO DAPAT GAGAWIN NG PSE KAPAG SOFT ANG MATERIAL INFORMATION OR YUNG ACTIVITY ON GOING?
Here:
Kapag soft ang information magkakaroon ng halt at inquiry ang PSE. Sa case ni ABS dapat ang eh inquire lang ni PSE is if totoo ba na may Cease and Desist order. After nito inquire regardless sa sagot dapat e lift ang suspension/halt. Kahit pa nga walang reply dapat e lift kinabukasan.
I DID NOT MAKE THIS RULES UP. YAN TALAGA RULES NG PSE.
Ano ngayon sinabe ni PSE sa suspension?
“Pursuant to the foregoing basic principle and disclosure standard, the Exchange required he Company to submit a full disclosure on impact of CDO on the business, financial condition, operations, and prospects of the Company, as well as its business continuity plan, risk mitigation measures, and such other material information for the investing public. The trading suspension shall be lifted one trading day after full disclosure”
WOW! Prospects of the company? WOW! Concerned ang PSE sa Company. Ang material information eh tungkol sa CDO pero ang PSE concerned sa proespect na mangyayare sa ABS. WOW naman. Ang sweet pala ng PSE.
HANAPIN NGA NATIN SA RULES NG PSE KUNG SAAN YANG MGA FOREGOING BASIC PRINCIPLE AT DISCLOSURE STANDARD.
Wala ako nakikita.
MA E CHECK NGA ULIT.
PAGTABIHIN NATIN
Regardless sa reply or regardless if nagconfirm or deny ang ABS dapat nilift nila ang suspension. Yan ang sinasabe ng rules nila.
HMMM... TO BE FAIR SA PSE BAKA GANITO RIN GINAWA NILANG PAGTULONG DATI SA IBANG COMPANY. CHECK NGA NATIN.
LOTO
Nagalit si President Duterte noon sa loto at gusto ipasara.
Nagkaroon ba ng “the Exchange required he Company to submit a full disclosure on impact of CDO on the business, financial condition, operations, and prospects of the Company, as well as its business continuity plan, risk mitigation measures, and such other material information for the investing public.”
WALA!
Ano nangyare sa Loto?
Gap down si LOTO.
ONE EXAMPLE LANG YAN EH. MERON PA BA?
LETS TAKE MWC.
WHAT DID PSE DO DAHIL E SHUSHUTDOWN ANG MWC?
WALA!
Hinayaan lang na bumagsak. Walang trading suspension. Walang “the Exchange required he Company to submit a full disclosure on impact of CDO on the business, financial condition, operations, and prospects of the Company, as well as its business continuity plan, risk mitigation measures, and such other material information for the investing public.”
WHAT HAPPENED SA MWC?
Naging medyo okay na sila ng Presidente.
VERBAL NAMAN NA THREATS OF SHUTDOWN MGA YAN WALA NAMANG MAY KASO TALAGA.
Hmmm….
LETS TAKE A LOOK AT ABG
May bibili sa ABG. Merger or purchase ng malaking shares ng isang company calls for Trading Suspension as per rules kaya na suspend ang trading ng ABG Sept 10, 2018.
Then after several days ay na lift ito.
THE PROBLEM
Ang problema ay nagkaroon ng reklamo.
KAZUO OKADA
Nagreklamo si OKADA at agad naman sinagot ni ABG.
NAG FILE NG LAWSUIT SI OKADA
Nagkaroon ba si ABG ng suspension?YES! Na lift ba?YES! May “the Exchange required he Company to submit a full disclosure on impact of CDO on the business, financial condition, operations, and prospects of the Company, as well as its business continuity plan, risk mitigation measures, and such other material information for the investing public.” ba? WALA!
HMMMMM....
BALIKAN NATIN ABS. ANO NGA ULIT HINAHANAP NI PSE?
“Pursuant to the foregoing basic principle and disclosure standard, the Exchange required he Company to submit a full disclosure on impact of CDO on the business, financial condition, operations, and prospects of the Company, as well as its business continuity plan, risk mitigation measures, and such other material information for the investing public. The trading suspension shall be lifted one trading day after full disclosure”
ANO ANG BINIGAY NI ABS?
IN SHORT ANG TANONG EH KUNG TOTOO ANG CDO ANG SAGOT NAMAN AY MAY TRO KAMI.
I heard from rumors na PSE is waiting for a little positive news bago e lift ang suspension. Those are rumors kaya I don’t believe them. I also can’t and won’t comment regarding sa issue ng ABS as a company. If ako kasi magcomment I will educate myself first and it will take a lot of time. I will start sa moment ng pagfile nila ng renewal ng franchise until sa isa-isahin ang sinasabi nilang 11,000 employees. Check their net worth if magsusuffer ba talaga sila. Find out what is really going on. I won’t do that and I can’t do that. I will leave that to an actual journalist. I just blog.
DID ABS DESERVE CDO?
That should not matter. PSE ay dapat nagpapatupad ng rules. Wala dapat special treatment. I don’t care sa ABS kasi Billionaires yan. Hindi lang naman ABS pag aari ng mga Lopez. Marami pa silang listed na company sa PSE. FGEN is one. If naawa talaga sila sa employees nila kaya nila gawan ng paraan yan. They are BILLIONAIRES. Kasama naman sa 11,000 employees na yun ang mga MILLIONAIRE na celebrity.
Wala akong shares ni ABS. I may or may not buy them. Depende if may buy signal. Yung akin lang dito is dapat kung ano treatment sa isa ganun sa lahat. Para saan pa ang rules di ba? Let them fight it sa court. Kung sino tama yun manalo but suspending yung trading ng ABS stock dahil naghihintay na maayos ang company is not fair. I remember FOOD nood na nagka warrant of arrest mga board or ex board.
Wala namang “prospects of the Company, as well as its business continuity plan, risk mitigation measures..” na hiningi.
Kung may dapat man tulungan ang PSE. Ito yon. Please watch this at e share nyo na rin. Kahit ako na lang natitira na bumubuhay sa issue na to tutuloy ko pa rin.
I really hope mag improve na ang PSE. We are becoming a joke sa buong mundo. Tayo lang mag isa na nagsara noong simula ng Pandemic. 2012 pa ang shorting na e ooffer sa retailer nasa 2020 na tayo ngayon wala pa rin balita. Mga orders natin wala pa ring automatic stoploss at trailstops.
Take a look at the foreign activity lahat puro sell since mid ng March. The fact na hindi nila pwedeng mailabas ang pera nila ngayon sa ABS dahil suspended adds insult to injury. Sa isang bagay lang tayo lamang sa ibang stock exchange. Ito yun.
Sa fees lang atyo lamang ng sobra sa kalahati compared sa ibang bansa. I hope things change for the better.
GOING BACK SA ABS, ANO SA TINGIN NINYO?
Are we dumb enough to not see it or they are dumb enough to think that we won’t see it?
32 Comments
samuel salcedo
Very informative. What you said were all true. Kaya lang with this having said. We should help all Filipinos. Becasue we are one country and one nation. Regardless of the issues. What is important is if may nasaktan alin man sa parte ng lipunan or bansa. Damay tayong lahat. So let us do our part in building a strong nation for the whole country. For the whole Filipino people. yon lang po
ปั้มไลค์
Like!! Thank you for publishing this awesome article.
Diryl
Sad reality di na nawala ang favoritisms. Thank you Madam GK very informative!