Leni Robredo misdeclared MERALCO stocks possibly worth 6 million pesos!
Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995. Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset. Now after doing some crowd-sourcing and math, here is what I found out. I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share. Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4). The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN. Using the Corona precedent, this is an i...

Yeah, doves, the symbol of peace, have always hated him and have attacked him in the past too.
ReplyDeleteForeshadowing much?
ReplyDeleteSign that dark times are coming under his administration but
His dictatorship wont survive 2012
Photo Shop anyone?
ReplyDeleteThat's not photoshop. It was in the news after it happened.
ReplyDeletehe hates peace, peace hates him..simple logic anyone?
ReplyDeletepeace never interpreted on shadows! its non sense to say doves hated him?. according to the pics its a sweet sign that a dove go over his head. its his master, what can you say? dictatorship as you think it is maybe the right thing to do than the past that so many Self Profit Motives. that dove will not even go above Her head!.
ReplyDeleteIt is a sign that LP is finished!
ReplyDelete