Monday, October 17, 2011 12:18:13 PM
You are also partially correct that Philex will do what's in its best interest....this is just common corporate behavior.......but it must do so within the law. I am on record on Investorshub...even arguing with a few that Philex is not to be trusted and that they were better off buying philex stock at 17 cents instead of fecof at 7 cents...or at least diversifying the investment......I was called a basher.......and philex has more than tripled and you got a free ride of fep shares from pxp.............I havent heard any apologies or acknowledgment from the ignorant attackers yet but thats o.k.
The thing is that Philex has been uncovered of their shady practices and a closer eye is kept on them now "hopefully" keeping them from brazenly breaking security laws in place to avoid such actions..........its tricky since they own 51% of fecof but they still cant sell out the rest of us so obviously. Heres some links given to me by a friend that show that they eye is upon them:
http://www.philippinenews.com/business/2227-marcos-cronys-sweet-deals-with-state-owned-bank.html
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