#SilentNoMore is #FACTNOMORE at #HindiTama

#SilentNoMore is #FACTNOMORE at #HindiTama

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Sass SezSass Sez

Ang naninilaw na #SilentNoMore ay nagpapakalat ng MALING impormasyon upang padilawin ang pag-iisip ng mga tao. Ang tono ng pinapakalat na propaganda ng #SilentNoMore ay pagtatangol kay Ongpin. Sino ba si Ongpin?

UNA: Sabi ng #SilentNoMore tinakot daw ni Duterte na ikulong si Ongpin noong August 17, kaya nag-crash ang stocks ng PhilWeb na isang online gambling company.

Ano ang TUNAY na nangyari?

— Noong July 8, si Ongpin ay nadeklarang guilty for insider trading ng SEC. Siya ay pinatawan ng P174-million fine for insider trading at siya ay hindi na pinayagang magkaroon ng position sa kahit anong publicly listed company. (25 July, ABS-CBN, http://tinyurl.com/zsp7xhk)

– Si Ongpin ay pinangalanan ni Duterte bilang halimbawa ng isang oligarch na ginagamit ang kanyang connection upang isulong ang kanilang business interests. Ito ang sinabi ni Duterte: “I’ll give you an example, publicly, Ongpin, Roberto. Malakas kay (Ferdinand) Marcos noon, trade minister, I think. Malakas and successful. (During) Ramos he was a hanger on and kay Gloria (Arroyo), PNoy. Now he owns the online [gambling]” (3 August 2016, Inquirer, http://tinyurl.com/hlg7yj2)

– A day after ng sinabi ni Duterte, ang SEC ay nagpahiwatig na itutuloy nila ang criminal case laban kay Ongpin kaugnay sa insider trading. Paliwanag ng SEC: “Ongpin’s appeal refers to the administrative aspect of the insider trading case and is separate and distinct from the criminal action which the SEC may file before the Department of Justice. The accused in such action shall upon conviction suffer a fine of not less than P50,000 nor more than P5 million or imprisonment of not less than seven years nor more than 21 years or both at the discretion of the court.” (5 August 2016, PhilStar, http://tinyurl.com/htvg7r8)

Talagang may chance makulong si Ongpin hindi dahil sa gusto lamang ni Duterte na ikulong siya pero dahil si Ongpin ay may kasong INSIDER TRADING. Ang Silent No More ay Silent sa issue na iyan.

Hindi rin ang pananakot daw ni Duterte na ikulong si Ongpin ang dahilan kung bakit nag-crash ang stocks ng PhilWeb. Ang hindi pag-renew ng license ng PAGCOR ang dahilan kung bakit nag-crash ang stocks ng PhilWeb: “PhilWeb’s five-year intellectual property license agreement with Pagcor lapsed on July 11, but the gaming regulator extended this until Aug. 10. The company’s share prices plunged 43.06 percent on 8 August to P5.13 per share on 9 August. (9 Aug 2016, PhilStar, http://tinyurl.com/j9gwehs).

IKALAWA: Sabi ng #SilentNoMore nag-offer daw si Ongpin na i-donate ang 49% stake niya sa PhilWeb para i-save ang 6,000 na tao from losing their jobs. August 17 daw iyan.

Ano ang tunay na nangyari?

Ginawa iyan ni Ongpin dahil hindi na pinahintulutan ng PAGCOR na i-renew ang license ng PhilWeb. Ang license ng PhilWeb ay nag-expire noong August 10. Hindi na ni-renew ng PAGCOR ang license ng PhilWeb “to provide software to online casinos.” Sabi ni Andrea Domingo, “”[Duterte] does not want online gaming or hybrid games like this to proliferate in the country because it caters mostly to the indigent or needy people. Its audience are likely to be lower CDE (economic classes).” (16 August 2016, ABSCBN, http://tinyurl.com/horu9u2).

Noong August 25, sabi ni Duterte na pwedeng i-restore ang online gambling: “[Duterte] is willing to allow a resumption of online gambling if correct taxes are paid and gaming parlors are far from schools and churches” (24 August, GMA 7, http://tinyurl.com/zclrgx9).

IKATLO: Binili raw ni Greggy Araneta na asawa ni Irene Marcos ang stocks ng PhilWeb at a very cheap price nong 5 October 2016.

Ano ang nangyari?

Si Greggy Araneta ay isang board member ng PhilWeb. Si Araneta ay na-elect na pumalit kay Ongpin noong September after mag-resign si Ongpin. Si Araneta ang second largest shareholder ng PhilWeb. (19 September, Inquirer, http://tinyurl.com/jxzwsqc)

Ibinenta ni Ongpin ang kanyang shares kay Araneta dahil nga “Pagcor rejected all his offers just to have PhilWeb’s license renewed” (5 October 2016, Rappler, http://tinyurl.com/j2ctmtm)

Ongpin had to resign kasi nga po, katulad ng sinabi ko sa UNANG POINT, hindi na siya pwedeng magkaroon ng position sa kahit anong publicly listed company dahil siya nga ay guilty of INSIDER TRADING at kasama sa parusa iyan. Ang Silent No More ay silent tungkol dito.

IKAAPAT: Sabi ng SilentNoMore, dahil 14 php per share na ang Philweb, Araneta and Marcos are now 8 billion richer in a few weeks.

Hindi sinabi ng SilentNoMore na ang Third Quarter income ng PhilWeb ay DOWN ng 62.8% dahil nga hindi pa na-renew ang license ng PhilWeb. “In a regulatory filing, PhilWeb reported a 62.8 percent drop in its net income to P229 million (US$4.59 million) in the third quarter of 2016 as a result of the closure of its e-Game cafes following the non-renewal of its gaming license” (21 November 2016, CalvinEyre, http://tinyurl.com/gtjocf8)

So papaano magiging 8 billion richer si Araneta at Marcos kung ang company na kung saan sila ay may stocks ay wala pang 300 million ang net income???

At lalong papaano silang 8 billion richer kung si Araneta ay still in the process of acquiring Ongpin’s stocks?? “Araneta, through his firm Gregorio Araneta Inc. (GAI), is still in the process of acquiring Roberto V. Ongpin’s 771.651 million PhilWeb shares, equivalent to a 53.76 percent stake, for P2.60 per share or a total transaction value of P2 billion” (13 November 2016, Manila Times, http://tinyurl.com/zzr5z89).

Gregorio Araneta III is also the cousin of Manuel Araneta Roxas, and if Silent No More wants to make assumptions based on family relations, then it would be also be fair to say that his purchase favors the Araneta family just as much as it did the Marcoses – ed


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About the author

Sass Rogando Sasot
A transpinay based in The Hague, Sass Rogando Sasot is studying at Leiden University, pursuing an MA in International Relations, working on a thesis on how a systemic change led to the rivalry of the coastal States of the South China Sea. In 2013, Sass became the first Filipino to receive the ECHO Award, given annually to excellent migrant students in academic and higher professional education in The Netherlands. In 2014, she graduated magna cum laude at Leiden University College-The Hague, with a Combined Major in World Politics and Global Justice, minor in International Development, with courses on U.S. Foreign Policy and International Relations of China take at UCLA. She has at least 10 years of practical international experience.

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