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Trades & Labor Best Posts in Thread: SECURITIES AND EXCHANGE COMMISSION

  1. grandpainak

    grandpainak DI Forum Patron Showcase Reviewer

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    SHOW CAUSE LETTER; Dated Oct. 14 2019.

    Front of envelope.

    First post mark front upper right hand corner; Bacolod City, dated Nov.13, 2019. It took them one month, (30 days), just to get this letter in an envelope and to the post office.

    Second post mark lower left hand corner, front; REGISTERED MAIL, DATED NOV. 13, 2019. # RE 131 550 527 ZZ. It was registered the same day it was post marked.

    Back of envelope

    Third post mark, back of envelope, Nov. 14 2019 The date is all that is readable.

    Forth post mark is, Nov. 19. And the date is all that is readable.

    Fifth post mark is, Nov. 21, 2019 Valencia.

    I stopped at the Valencia Post Office and picked it up on Dec. 27 about 15:00 hours. I only stopped because I was looking for other mail.

    It took the SECURITIES AND EXCHANGE COMMISSION from Oct. 14 to Nov. 13 just to get it in the mail, (30 DAYS). Another 38 days to reach me and that is only because I stopped at the post office and picked it up.

    This letter states that we have 15 days to respond. It took about 9 weeks to get to me from the other side of Negros, (a 6 hour drive). It also states that, late fees and penalties are already being levied on us.

    We spent more that 200,000 pesos and 2 years getting this Corp. up and running. We closed it once we discovered that we would have to brake Philippine law in order to get past CUSTOMS. We chose NOT to brake the law and dissolved the Corp.

    It's more fun in the Philippines, as long as you do not try to employee any Filipinos. Screw it, I came here to RETIRE any way! It's still more fun in the Philippines.
     
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