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Jim Bishop

09/21/07 12:50 PM

#46448 RE: EricG #46446

PROL has already named the new people, suspect PAIM will do so soon too.

"Philippines Royal Oil & Alternative Energy Co., Inc., commonly
known as PHILOIL also announces the appointment of the new management
for the new PROL Team: Jason Piamonte is appointed as the new CEO;
Engr. Ricardo Bernardo as President/ Chief Operating Officer, Randolf
Villanueva, Vice-President and Marketing Director, Ariel Caleon,
Corporate Secretary and Public Relation Officer and Arnel Morilla,
Chief Financial Officer. Alice Navas in interim is acting as the PROL
Investor Relation. The company also hired the services of AGN
Associates & Stock Transfer Services, LLC to handle all the transfer
agency of Philippines Royal Oil & Alternative Energy Co., Inc. (PROL)."
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Datu Katotohanan

10/03/07 9:45 PM

#46961 RE: EricG #46446

Why is this?

The US Vonage phone is offline, because Elvira had no money to pay employees, no money to pay utility bills, so internet connection went down for months.

But, Elvira has money to go to Boracay paradise resort, go to Siargao beach famous for surfing, high-class living while employees are in big debt

How about acquired property and machinery, in PRs?

No money to pay these also. I hear their office could soon be repossessed. ICP gold assay equipment from Japan also soon repossessed.