Hogwash BLURBAL THRUSTS Louie Logarta 05/02/2010

Hogwash

BLURBAL THRUSTS Louie Logarta 05/02/2010 Philippine Stock Exchange (PSE) officials are in a bind, as in caught between a rock and a hard place. A damned-if-you-do-damned-if-you-don’t situation. By steadfastly refusing to enlighten the Filipino people about that stunt pulled off in mid-2007 by Sen. Manny Villar, presidential bet of the Nacionalista Party, wherein he allegedly pressured the PSE board to skirt its rules in enforcing a 180-day lock-up period for about 30 percent of the 5.3 billion shares he held in Vista Land & Lifescapes Inc. to enable him to cash in on the bullish market during the Initial Public Offering (IPO), they are giving the public the impression that indeed something fishy had occurred. On the other hand, if they opt to divulge the details of the transaction which allegedly enabled Senator Villar and wife Las Piñas Rep. Cynthia Villar to amass an obscene profit of at least P6.5 billion at the expense of unsuspecting investors, they would be construed as violating the code of silence that has been one of the hallmarks of business dealings in the local bourse for as far back as can be remembered. A no-no insofar as the Old Boy network in the PSE is concerned.... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/commentary/20100502com4.html

COMMENTARY EDITORIAL Don’t count your eggs yet FRONTLINE It ain’t over — not by a long mile ENQUIRY Give it to Gibo BLURBAL THRUSTS Hogwash TABLETS OF STONE Motherhood statements VIEWPOINTS National elections — a national headache focus Flatulent orange superhero has a blast in British poll