Filipino Corp.

Stories, News and General Yakking
Post Reply
Jim in RP
Posts: 147
Joined: Fri Jul 12, 2019 6:16 pm
Location: Negros Island

Filipino Corp.

Post by Jim in RP » Fri Dec 27, 2019 6:26 am

SECURITIES AND EXCHANGE COMMISSION

SHOW CAUSE LETTER; Dated Oct. 14 2019.

Front of envelope.

First post mark front upper right hand corner; Bacolod City, dated Nov.13, 2019. It took them one month, (30 days), just to get this letter in an envelope and to the post office.

Second post mark lower left hand corner, front; REGISTERED MAIL, DATED NOV. 13, 2019. # RE 131 550 527 ZZ. It was registered the same day it was post marked.

Back of envelope

Third post mark, back of envelope, Nov. 14 2019 The date is all that is readable.

Forth post mark is, Nov. 19. And the date is all that is readable.

Fifth post mark is, Nov. 21, 2019 Valencia.

I stopped at the Valencia Post Office and picked it up on Dec. 27 about 15:00 hours. I only stopped because I was looking for other mail.

It took the SECURITIES AND EXCHANGE COMMISSION from Oct. 14 to Nov. 13 just to get it in the mail, (30 DAYS). Another 38 days to reach me and that is only because I stopped at the post office and picked it up.

This letter states that we have 15 days to respond. It took about 9 weeks to get to me from the other side of Negros, (a 6 hour drive). It also states that, late fees and penalties are already being levied on us.

We spent more that 200,000 pesos and 2 years getting this Corp. up and running. We closed it once we discovered that we would have to brake Philippine law in order to get past CUSTOMS. We chose NOT to brake the law and dissolved the Corp.

It's more fun in the Philippines, as long as you do not try to employee any Filipinos. Screw it, I came here to RETIRE any way! It's still more fun in the Philippines. :evil:
Only The Dead Have Seen The end of WAR. "Plato"

Bernie/MA
Posts: 214
Joined: Mon Jul 15, 2019 8:28 pm

Re: Filipino Corp.

Post by Bernie/MA » Fri Dec 27, 2019 1:52 pm

Was that big storm near you?

PHPaul
Site Admin
Posts: 444
Joined: Fri Jul 12, 2019 6:43 am
Location: Downeast Maine

Re: Filipino Corp.

Post by PHPaul » Fri Dec 27, 2019 2:12 pm

Da gubbermint is there to make life difficult, no matter WHERE you live.

Jim in RP
Posts: 147
Joined: Fri Jul 12, 2019 6:16 pm
Location: Negros Island

Re: Filipino Corp.

Post by Jim in RP » Fri Dec 27, 2019 5:04 pm

Bernie/MA wrote:
Fri Dec 27, 2019 1:52 pm
Was that big storm near you?
It missed us, went to the north like most of them. :)
Only The Dead Have Seen The end of WAR. "Plato"

Jim in RP
Posts: 147
Joined: Fri Jul 12, 2019 6:16 pm
Location: Negros Island

Re: Filipino Corp.

Post by Jim in RP » Fri Dec 27, 2019 5:15 pm

PHPaul wrote:
Fri Dec 27, 2019 2:12 pm
Da gubbermint is there to make life difficult, no matter WHERE you live.
You got that right. Third world law makers make bribing illegal but make it imposable to do business with out a truck load of bribe money. My biggest worry is I can be easily deported for breaking any laws here. I love this place with endless summers and tropical fruit trees in the yard. :roll:
Only The Dead Have Seen The end of WAR. "Plato"

Post Reply