Movies and commercials are universal codes based on my skills. If you cannot communicate you use them. Deyin Hsing, MD, Pediatric ICU with a subspecialty in hearts and lungs would probably be willing 4 me to go to the Philippines, but only 4 me. She speaks Mandarin, Spanish and English. She would not do it for ANYONE ELSE!
Sunday, October 4, 2009
Thursday, October 1, 2009
Fleshing Out What True Goals Were For This Total Project
Dear Readers:
Originally, I know that you know what I was about. Once I learned about Analytics then there was a thing that popped into my head in case this turned out to be just an exercise as I thought of that myself thus I would not waste more time on DN than necessary.
I know that I have been to my own devices or off the grid for a couple of years and as a good PR person as well as the number of talents I have shown, I knew that if I wanted to get a job, then this project was a good way to do this, if that is what it became, just a futile effort.
I knew what level I wanted to jump in at although you have shown me that I underestimate my talents. Thus my analytics could have potentially if this is just an exercise were my ticket into a very good job, where my visions could be enacted without all of the paperwork that I know is done on the lower levels of agency work.
I do not know how many coincidences can happen at once, but since I believe you do not have eyes on the prize, as I hate driving and thus driving too see Brandon and Malou Morris was an 'adventure.'
I am willing to wait as I know that Ace Saatchi & Saatchi and Chairman Young, whom based on my experience, based on the American system when the British come in that means that there is a whole corporate alignment process underway.
I think looking at our system and realizing that you were dealing with someone more advanced than may be at first glance, but may not deal with all of life's administrative tasks well, is another reason I started this. I have so many facets to how I look at things that you may be shocked.
That said, I need to run.
DN's business card from Jefferson Waterman fell out of my laptop last evening. How many coincidences are there. The card from Jefferson-Waterman International.
Best wishes,
Jason Lowen
lowenjs@gmail.com
310.692.0112
Originally, I know that you know what I was about. Once I learned about Analytics then there was a thing that popped into my head in case this turned out to be just an exercise as I thought of that myself thus I would not waste more time on DN than necessary.
I know that I have been to my own devices or off the grid for a couple of years and as a good PR person as well as the number of talents I have shown, I knew that if I wanted to get a job, then this project was a good way to do this, if that is what it became, just a futile effort.
I knew what level I wanted to jump in at although you have shown me that I underestimate my talents. Thus my analytics could have potentially if this is just an exercise were my ticket into a very good job, where my visions could be enacted without all of the paperwork that I know is done on the lower levels of agency work.
I do not know how many coincidences can happen at once, but since I believe you do not have eyes on the prize, as I hate driving and thus driving too see Brandon and Malou Morris was an 'adventure.'
I am willing to wait as I know that Ace Saatchi & Saatchi and Chairman Young, whom based on my experience, based on the American system when the British come in that means that there is a whole corporate alignment process underway.
I think looking at our system and realizing that you were dealing with someone more advanced than may be at first glance, but may not deal with all of life's administrative tasks well, is another reason I started this. I have so many facets to how I look at things that you may be shocked.
That said, I need to run.
DN's business card from Jefferson Waterman fell out of my laptop last evening. How many coincidences are there. The card from Jefferson-Waterman International.
Best wishes,
Jason Lowen
lowenjs@gmail.com
310.692.0112
How the Subtle Nuances Matter: Does MSBC Really Not Use Associated Press Style Manual
If I was editor at MSNBC, I may be fired, for not following the AP Style book, especially when I have the Associated Press as my source for Newsvine.
If you look at the little things as well as the large picture you see the true picture and that is that you need the mind of both a lawyer, spending countless hours at his dad's law firm as a kid to escape his mother. His father was more forgiving. He would spank us but then it would blow over. My mother's side says forgive but never forget. And some question how different Holocaust Jews families are from Filipinos?
I would hope that one would stop questioning so much and have a little faith.
Best wishes,
Jason Lowen
323.654.8591 (landline speakerphone)
310.692.0112 (mobile, need to find it in another room I believe)
If you look at the little things as well as the large picture you see the true picture and that is that you need the mind of both a lawyer, spending countless hours at his dad's law firm as a kid to escape his mother. His father was more forgiving. He would spank us but then it would blow over. My mother's side says forgive but never forget. And some question how different Holocaust Jews families are from Filipinos?
I would hope that one would stop questioning so much and have a little faith.
Best wishes,
Jason Lowen
323.654.8591 (landline speakerphone)
310.692.0112 (mobile, need to find it in another room I believe)
David Nugent's Need for Constant External Validation Based on Lies Have Only Hurt Him: Mr. Nugent Owes 500 Not 5 Sheep, based on Bible
Dear Readers: I have Swine Flu and need some rest can we do this tomorrow?
It does weigh on my mind that Mr. Nugent and I after a 2001 contract and 2003 e-mail for payment of the US$27,000 contract (computer tech recovered e-mail), followed by my gut feeling, that told me that as an Officer (Vice President and Corporate Governance Compliance Officer of Metro Pacific Investments (PSE: MPI) and formerly from 2001-2006 VP and Corporate Governance Officer for Metro Pacific Corporation (PSE: MPC) the smartest move would for me to ask to buy seemingly worthless Over-the-Counter American Depository Receipts in First Pacific Company Limited.
Mr. Nugent will never quite understand how I have changed in that even though I have a good heart, I am logical. While I knew that First Pacific Company Limited (0142.HK) (OTC: FPAFY) was not a good deal, I knew the general lay of the land and future acquisitions through Mr. Nugent, as Mr. Nugent states in documents how he worked for Indofood and as he used his U.S. passport, the U.S. Department of Homeland Security, has a record of all travel, as they save all scanned data from U.S. passports, especially in areas deemed to be Al-Qaeda related hot spots.
While not everything was clear, Mr. Nugent had the authority to only enter into First Pacific contracts as a key officer of First Pacific, majority-controlled, between 85%-98% controlled Metro Pacific.
Mr. Nugent actually according to interpretation of the law and his own outgrown ego, where Mr. Nugent showed the enmeshment on a sub-concious and concius level, in both his reporting style for the company, the by-laws of Metro Pacific Investments (PSE: MPI) or First Pacific 'party' per the U.S. Securities & Exchange Commission, similar to Larouge B.V. whose Managing Director Manuel Pangilinan's company was paid in 2002 or 2003 US$90 million, which was all about skirting laws that would have the PLDT and First Pacific mastermind not pay taxes.
I now believe in KARMA, as while my intensity in the business, was less, I wrote a letter of demand to First Pacific's authorized agent and director in the U.S. Ambassador Albert del Rosario, whom should be blamed, as President Arroyo was told he would need to be recalled, as he committed actions, with the U.S. SEC, that had the State Department wanted to it could have announced that del Rosario, whom was inside trading PLDT shares, during a U.S. Justice Department review, as were people from Jakarta to Philippines.
The plain truth that no one will ever admit to as it is classified, due to the help by the Philippines, Mr. del Rosario, left willingly as he was soon to be, expelled by the U.S. government, thus the mixed messages of 'resigning' or 'recalling' as President Arroyo has done much business with the Arroyo administration, selling PTIC government-owned shares to Suharto-funded First Pacific Company Limited, or a subsidiary, which has now been drained of cash so that if one tried to take back the company, the Philippines would find that PLDT is worth substantially less due to little progress in Fixed Wire Service in comparison, to mobile telecommunications.
Philippine President Arroyo and Ambassador del Rosario, whom serves on the Board of several of Manuel Pangilinan, Salim/Suharto/Bank of Central Asia funded companies, want to have it both ways and in a sense, the union which came to me to pick my brain about Smart Communications, Inc. excise and corporate taxes, helped build another piece as while it is horribly unfair that the Philippine SEC does not demand that all Philippine companies like PLDT (PSE: TEL)(NYSE: PHI) or Metro Pacific Investments (PSE: MPI) unlike the Hang Seng of Hong Kong which demands that all documents be published in Mandarin, the Philippine SEC only looks out for the Philippine 'robber barons' and not the average investor whom, may only be able to read Tagalog. English is not the official language of the Philippines, and I doubt that even this tiny change, will ever be enforced as it would allow shareholders and unions the ability to read documents in non-Chinese-mestizo (ruling class of the Philippines).
I have learned that the Philippine Stock Exchange, while horribly corrupt, so horribly that I personally have 2002 and 2003 documents regarding First Pacific/Metro Pacific, that have now been officially destroyed, once Manuel Pangilinan, realized, and this fact bothered him the most, that Mr. Nugent only has a Generalized Education Degree and while attending college and racking up huge debts, the reason Mr. Nugent left for the Philippines is because he ran out of viable options, and knew that someone would believe his cons and hire him.
Frankly, my emotional side did for 12 years, but fortunately, I know how to manipulate Mr. Nugent, into admitting that he was, in fact, friendly with Ambassador del Rosario, by posing a Bernie Ebbers, made up question, as I could never afford paintings (only lithographs) by Henri Matisse, but I wanted to see if Mr. Nugent knew anyone at the Philippine embassy.
Manuel Pangilinan, has too much of a mixture of Enron's former CEO Jeffrey Skilling and the ability by owning the media to send out messages of calm like former Enron Chairman and CEO Kenneth Lay.
I appreciate the amount of trust I have earned, and that has taken much time, as a 6'1 160 pound Caucasian (white) male whom is not after the Philippine people's money like Brian Gorrell, whom I personally detest based on his own actions, but whom may end up helping with a class action lawsuit.
I see the larger picture, have the goods when needed to back up, my statements or lies by Bel-Air Village, Makati City, Philippines, still receiving kickbacks from Saatchi & Saatchi Worldwide, for tiny business, that I am sure that he has conned Vice Chairman & CEO of Ace Saatchi & Saatchi and Saatchi & Saatchi Interactive (Philippines) Matt Seddon, whom is a good new business guy, but a lousy manager.
Why do you think that Mr. Seddon left Publicis to take the J. Walter Thompson Philippines job as Vice Chairman when he had built and served as CEO & President of Saatchi & Saatchi Vietnam and then promoted to CEO & President of Saatchi & Saatchi Malaysia? His career is permanently stalled as he can sell the agency, he is incapable of managing teams, thus the four key Vice Presidents at Ace Saatchi & Saatchi. Do you also not see the small stuff, in how while Asia Saatchi & Saatchi Chairman & CEO Ian Rowden and pal Patrick Brett 'have a leading role,' the David Nugent scandal is one of the main reasons, especially after David Nugent's promotion to fiduciary Vice President of New Business Development Services, with disgraced 'retiring' Chairman & former CEO Arthur John C. Young, whom has been dealing with 'personal issues' and is leaving for 'retirement' when Mr. Young had no intension of retiring, on NYC-Saatchi terms, but on his own terms.
The nail in the coffin, was the stupidest mistake in the world, taking fiduciary VP of New Business David Nugent to the New York City headquarters of Saatchi & Saatchi, further exposing Saatchi to liability issues, although the ego-centric piece in the Manila Standard Today, written by one of the Philippines most prestigious journalists Vic Agustin, whose editor stands by all fact checking in a piece in Manila Standard Today on April 30, 2008, that led the business section, wherein Agustin may have libeled me personally, because the U.S. Smithsonian's Newseum keeps a copy of the Manila Standard Today, for just one day, the facts are so important. That is one of the few documents that ever mentions David Nugent as Vice President (a fiduciary role) and not just a Director, opening up major liability issues, with Saatchi & Saatchi) issues they do not need as they apparently are starting to lose the faith of even Mead Johnson Nutritionals' regional vice president, Sandra Yu, whom may be contacted directly at sandra.yu@mjn.com It is unclear if Ms. Yu, may still have a job herself after significant mistakes in handling the Philippines Mead Johnson issues.
According to a news article, Mead Johnson's VP of Corporate Marketing in Indiana was so concerned that she canceled the other two pitches for Saatchi & Saatchi and now my sources have told me that all U.S. CEO Steve Golsby is interested in is Digitas, even though the 'holistic' approach is a LIE.
The Publicis 'holistic' approach according to my sources, want to sell Saatchi & Saatchi X, Saatchi Healthcare, Digitas and PR agency Manning, Selvage & Lee as a worldwide open communication global strategy, which is LYING TO MEAD JOHNSON NUTRITIONALS. Why? Maybe because Saatchi & Saatchi Philippines does not even have a fax machine, yet they could bill Mead Johnson, an extra US$1500-US$2000, to subtitle ad reals as Mead Johnson's Philippine in-country staff 'forgot' about a February 24-February 25, 2009 meeting where CEO Steve Golsby was making his annual visit to the Philippines. This is important as no other group in Ace Saatchi has an estimated revenue of approximately PHP 600,000 per month, as Mead Johnson sells food for young children to 'intuitive' mothers (not 'relaxed' mothers, but 'intuitive').
Here is my issue with this in that CEO Steve Golsby is smart enough to know that the sixth-fastest growing nation with a booming middle-class will buy Mead Johnson and Enfa products (my sources tell me that was one of Mr. Golsby's top question regarding positioning the Mead Johnson (MJ) brand and Enfa brand. Mr. Golsby loves Digitas, and my question is why did Maurice Levy, CEO, Publicis Groupe have to order this 'holistic' approach, not taken well by employees, whom have taken Saatchi Worldwide CEO Kevin Roberts 'lovemarks' brand and turned it into 2009 Winning Ugly on all e-mails. I have so many sources, not VPs but people, whom are angry about the kickbacks and fact that Saatchi's Matt Seddon decided to keep Mr. Nugent and payout his significant contract through November 7, 2008, and now sends him 'consultancy kickbacks.'
How does anyone expect Asian business practices to change when (and I understand that Mr. Seddon is married to a Pilipina, which actually angered more people as she knows of the extreme corruption in the Philippines, and yet allows her husband to self-deal with a proven fraud like David Nugent. This just continues the cycle with the British having to follow the system, when they could choose to help change the Philippines as could Sycip Gorres Vellayo & Co, affiliated with Ernst & Young or Ernst & Young Hong Kong whom never ran a US$10.00 credit check on American David Nugent, nor did Pricewaterhouse Coopers, when Mr. Nugent was initially hired in Philippines.
I personally blame the accountants, lawyers and British and Manuel Pangilinan's mostly highly-educated, yet the process is slow to verify everyone's degrees, whom is a Vice President or above at PLDT (NYSE: PHI) (PSE: TEL), so if you did not finish your degree at Harvard PLDT people Manuel Pangilinan will know, as I attempt to show good faith even though I am treated horribly, as I do not like the current system, and am willing to spend the time, using the Freedom of Information Act and alumni searches as my sister and brother-in-law met at Harvard Law School, after my sister graduated from Stanford where she was on a merit based 50% scholarship as she was a soccer star, before her injury. Stanford honored its contract, as most American colleges due, for 4 years 50% all expenses, even though she was injured as a Freshman.
This is one of the reasons why I am stunned that con man and IRS tax cheat David Nugent, whom is using my name, to attack me, and due to the Philippine system and Manuel Pangilinan and David Nugent whom answered directly, in the by-laws to Manuel Pangilinan (look for the 'public section' on Picassa under PinoyPolitico to locate the revised Metro Pacific Investments bylaws, which were written by and for Manuel Pangilinan and David Nugent).
In essence, the Philippine SEC, or Pangilinan enemies could cause a slight disruption regarding all Philippine Stock Exchange reports being in Tagalog, not only english and because Mr. Pangilinan and Mr. Nugent crossed the line in the 2006 materially revised Corporate Governance guidelines issue a formal censure, as I am asking for a lot as Manuel Pangilinan owns the President and one of his PLDT SVP & CFO of Smart Communications also is on the Board of the Philippine Stock Exchange. A new Philippine SEC rule would help the Philippine SEC, seem even slightly legitimate that they respect Tagalog and the Philippines, as China forces First Pacific to disclose everything in both Chinese and English, which is to show that they are in command of Hong Kong, if not directly, to some extent.
I know that Manuel Pangilinan's PLDT, Metro Pacific, Piltel, Smart Communications, etc. as Mr. Pangilinan has stacked companies as subsidiaries to protect them from litigation or Philippine government in the future realizing that all of the money is from the U.S., EU and other taxpayers as it is stolen treasure by Suharto and his brother-in-law whom was one of the founding members of the Board of Directors of First Pacific Company Limited.
Manuel Pangilinan is polar opposites with Meldy Marcos and as he takes control of the country, the Salim's are not making similar errors, so Pangilinan has not improved PLDT's Philippine infrastructure to the place where it should be as then the true stock price on the New York Stock Exchange would plummet.
I am pushing for one 2010 YouTube Philippine Presidential Debate due to extensive citizens and workers abroad, offering free feeds, but while I can speak to the ACS head, or one of my friends at BBDO Guerrero of the Philippines as they are less angry, than my connections within Saatchi & Saatchi Asia Pacific and apparently my friendly acquaintance with Martin Lindstrom, whom I had no clue, founded BBDO Asia. I just liked his book. I never would checkout people. Now I have learned through con man David S. Cases Nugent to checkout everyone and knowing David Nugent, as I do, even Celine Lopez hates him and if Mr. Nugent does not believe that I am not still in communication with Ipe Cruz. We both will deny it but it means that Mr. Nugent is no longer safe with Mr. Cruz, as Mr. Cruz may turn on him, as Mr. Nugent's victims go through stages of grief. I was already grieving the loss of my father when Mr. Nugent slipped into my life, just as Ipe Cruz was grieving KC de Venecia, his sister.
I stress this only because of the fact that when a loss occurs and you have a good friend to speak to like swindler David Nugent, he absorbs the material and then creates a new shell to beat you up with your own material. His fall back position, is always cheating, whether real or imaginary, as in my experience. Mr. Nugent likes playing a game, a sick game by a demented, broken man whom has used childhood abuse as a platform, but if you look at the Adobo Magazine piece, it says "GREAT JOB FOR LYING TO THE PHILIPPINE PEOPLE DAVID NUGENT." It all depends if you actually have read his pieces more than once as Mr. Nugent inserts his LIES, into small pieces.
First, his dad was not already married in the U.S. and his parents were in love as they had a second child together in 1973, says Mr. Nugent's piece. Why would people not in love have a second child, but furthermore, it is impossible according to the U.S. Department of State whom has certified that my copy is real of Mr. Nugent's birth certificate when it would have taken a year for a divorce to occur if Mr. Nugent's father was already married in the U.S. by law and since I know Carmen Nugent is a legitimate child the timeline falls apart quickly.
It is logic and knowing that most Philippine citizens whom have not read the 1987 or 1973 Philippine Constitution, Mr. Nugent whom had not read the courts 2004 ruling on R.A. 9225, wherein Mr. Nugent probably got Philippine citizenship, although assurances have been made, as I make the best deals I can and they are always behind-the-scenes, but not one has been a financial transaction, one day an administrator will send something through asking for clarification based on R.A. 9225 and the misrepresentation clause, and Mr. Nugent will lose his citizenship, and remain only a U.S. citizen as he bought fake papers to fool Manuel Pangilinan, and I can prove it when needed.
Ipe Cruz gave me valuable assistance for any litigation and the PSE Yahoo Classic Mail disclosure, as their e-PLDT systems are failures, has allowed me to consult with counsel about setting new international securities laws precedence. I have been told that I have a solid case, no matter what I blog about for collection of my 10,000 share contract as David Nugent, cleared by management and Ernst & Young of Hong Kong during the material changes in 2006, failed the most basic due diligence as the shareholder's representative as after Enron, audited external independent accounting firms had to certify all report annually.
This is mainly why I receive truthful and significant threats against my life and the life of my family, not by Prince of Bel-Air David Nugent but because I will not stop digging and have discredited Sycip Gorres Velayo & Company Ernst & Young with the truth to an extent that it is much easier for the U.S. DOJ or U.S. SEC to revisit the matter.
Additionally, while Mr. Nugent 'promised' to never attack me personally, just last year, and in the realization that while I was never officially (I still have not been terminated as Metro Pacific's Office of the Vice President and Corporate Governance Compliance Officer), I was not working for Mr. Nugent, but as an adviser to First Pacific Company Limited, which is the reason I can sue Edward Tortorici, Executive Director and American citizen, in a suit against First Pacific.
By checking Mr. Nugent's credit I was acting as a creditor and thus terminated any business issues with Mr. Nugent, but through May 2006 and I gave 180 day grace period, my job was not to protect David Nugent but First Pacific Company Limited, which runs PLDT, PT Indofood, Smart Communications, Metro Pacific, Makati Medical Center and most of the other Philippine hospitals and to whatever extent (and I have a t-shirt to prove it) the Fort as 'I helped build Fort Bonaficio.'
If I were a liar or insane how would I have gotten the shirt as these specific shirts are not for sale anywhere. By the way, I would smoke in those days, so I accidentally burned a small hole in the shirt, as pictures will be published. instigating PLDT Global to see how to enforce a contract with Me Pacific Investments (PSE: MPI); formerly Metro Pacific Corporation, I stumble upon major findings as I am logical, thus asking for the ability to buy shares of First Pacific Company Limited as payment for legal duties that Vice President & Corporate Governance Compliance Officer David Nugent, whom through his statements internationally, and in the Philippines to the point where Mr. Nugent had Mr. Tardio, editor-in-chief, of Metro Him magazine, one of the most popular magazines at ABS-CBN Publishing (David Nugent landed the article through his abused lover and Associate Publisher Ipe Cruz III, whom arranged for the positive bragging, clarification piece).
All of David Nugent's attempts to make himself look better or crush me, have shown that the Philippine newspapers have been too good to him in feeding a constant need for approval, not from abuse, but when you know you are guilty, even though you never want to accept responsibility, the need to tear down others or prop up one's self is a temporary EGO TRIP but still Mr. Nugent is unable to act as a true partner in a relationship of any kind as unlike Manuel Pangilinan, everything with Mr. Nugent is smoke and mirrors and the style eventually fades, as Mr. Pangilinan and the Sy family have discarded Mr. Nugent as they are businessmen, and the word on the street in Manila, is to NEVER hire David Nugent. Saatchi & Saatchi will confirm only that he was a Director, when the brilliant award-winning journalist of the Manila Standard Today Vic Agustin and the editor-in-chief whom backed up his story and for which Mr. Agustin has made significant money, is so large that beyond Google Analytics which I learned about long after the publication of the piece but hit 890 the first day I learned about Google Analytic as I had hoped to settle this privately, but Mr. Nugent wanted to be right instead of ever apologizing to anyone and the Manila Standard Today piece, in an attempt to discredit me personally, as has the stolen name, etc., did what I knew would happen as I know how David Nugent thinks and he needed validation. He thought though that I was still naive and immature and as stated I am doing this "Elliot Ness" not the "Al Capone way of Mr. Nugent."
Fraud does end up revealing itself and I have a 48% loyalty rate and at least 100 people visit this site weekly. My strategy is a long term multi-platform strategy. I have created a strategy based on developing trust as whom cares about 15 minutes of fame Brian Gorrell? I have denounced him for not being accountable and I think like a lawyer/lobbyist very logical, no Sherman-esque statements and the ability to grow and learn about others cultures instead of imposing huge projects. It is as I stated a leaky faucet, approach with a five year plan.
Also, I do not need to please my readers as when I am working on a different angle as PLDT and First Pacific have so many, I am working on something but I do not need like Mr. Nugent to be personally validated. This is how I earned trust and credibility. It is not all about Jason Lowen, nor have I published these random blogs from now needy David Nugent, whom knows about my family yet cannot get my sister's name. I have documentation from senior level sources that PLDT management put together that fake libelous "press release" string and know that David Nugent is behind the attacks as he needed to believe that my mother pulled the strings, when nothing could be further from the truth.
Ipe Cruz, ABS-CBN longtime Associate Publisher, and I both know that it is easier to just agree with David Nugent. He accuses everyone of abandoning him and then acts like a child without any 'Enfamil' and has a tempertantrum. He used the Philippine media as you all thought that Manny Pangilinan cared. I knew that Manuel Pangilinan would not forgive the education issues, as that is a Soedono Salim and Pangilinan must. That is one of the many things, that I will keep secret for now, as Pangilinan's lawyers were forced to get involved and are still dealing with the David Nugent fallout.
I knew that David Nugent would dig his own grave as people whom lie and ad one lie to another eventually get caught, and Manny Pangilinan or any Sy family member will not deal with him and hopefully, through some personal e-mails with Ipe Cruz, that will remain confidential, because I know Ipe's story and I did similar things. If one looks at it logically, like my family, had I ever validated the truth about Mr. Nugent, in detail, I would feel weakened, but through the abuse I found the truth.
David Nugent felt that the piece about him in Adobo Magazine was a positive piece when it may seem that way for the month, until a hiring manager in the Philippines, U.S., Indonesia, Dubai or U.K. reads it and learns that everything that Mr. Nugent wrote on June 1, 2008, was a strange attempt to salvage his falling star. Look at the little things. While I know that Ace Saatchi still has some dealings with SM Development and First Asia, they are not huge accounts, not Mr. Nugent's US$10 million claim, as I was sent the entire annual budgets with updates for the rest of 2009 for Saatchi & Saatchi in the Philippines. This is how many backs Mr. Nugent broke to get to his externally valid house of cards.
I asked for SM Hypermarkets only, at first, to be pulled through back channels and with a direct appeal, and it was pulled as if you can read English and loot at the Philippine Stock Exchange's June 2009 Top 100 investors in SM Investments on the PSE, you will see that Betty Sy, has very limited stock, for a specific reason, thus I dealt with others, without attacking Betty Sy as I do not like personal attacks in my growth as a blogger and have only published material when challenged by Shemanesque statements where Mr. Nugent declared that he was totally financially sound and that my blog was not credible. I will never deal with Mr. Nugent again, unless it connects to the case, being established in the U.S., wherein there will not be an extradition from the Philippines, but see Mr. Nugent can never work in the U.S. as then criminal or U.S. government civil litigation will bury him as he stole money from the United States Department of the Treasury and U.S. Department of Education.
At first I was personally insulted, but now see that everything from the Manila Standard Today article to Mr. Nugent's columns listed in Philippine Daily Inquirer's Lifestyles section, for deniability, have been benefiting me as David Nugent's reactions are always over reactions, ie. he will bring an AK-47 to a first fight.
By using this option, Mr. Nugent believes that the Philippine people are that stupid and will trust him as he played the sympathy card, when all the facts say that he is a corporate fraud and PLDT (NYSE: PHI) Executive Chairman Manuel Pangilinan, whom also runs Metro Pacific and First Pacific Company Limited (0142.HK) (OTC: FPAFY). I guess when the Philippine government has no anti-trust regulations, Manuel Pangilinan avoids taxes and is a shining example of a loophole that the U.S. SEC must close as he now employees people in the United States, but PLDT Global is incorporated in either the Cayman Islands or British Virgin Islands, longtime tax havens and liability protection sections.

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A Bit that May Help the Smart Union workers:
PLDT Global and since Manuel Pangilinan needs to control the Suharto-funded Salim empire that refuses to pay Philippine taxes, rather being in court all the time and then hiring the Chief Justice of the Philippine Supreme Court as an independent director for Metro Pacific Investments (PSE: MPI) which is owned by First Pacific, with a percentage of less than 5% available for purchase, which underlines Manuel Pangilinan's own lies and disgusting behavior that milks the cow dry as PLDT/Smart pay little tax even in the Philippines.
If the Philippine government wants to use judicial powers they could have forced Manuel Pangilinan to pay all excise and Philippine taxes from 1998 to 2009 and forward just as Gucci pays in the Philippines. PLDT is worth substanitially less as the Philippines has no reliable fixed wire services, nor do they spend a significant sum attempting to change this. PLDT will argue that they are a Philippine utility, and my argument is that if you want to pay little taxes then you must invest substantial amounts in ePLDT and PLDT's fixed wire, which would drop the ADR price of the New York Stock Exchange traded stock to not more than US$30.00 per share.
Instead just like the Indo-Chinese, as Mr. Pangilinan is funded by the Salerni International, Soedono Salim, Anthoni Salim (whom serves as NON-Executive Chairman of First Pacific Company Limited) (0142.HK) (OTC: FPAFY).
Even though Manuel Pangilinan is still shopping, this is not the best long-term strategy, when he must sell First Pacific bonds and borrow from small European banks at a high price, especially when the credit market froze, meaning he is paying very high interest rates. PLDT cannot borrow forever. Guess that is why there is no formal succession plan. If you thought Marcos took money, you will see how the Suharto funds will make the Philippines poor and Pangilinan a billionaire. That is an internal Philippine issue, that I cannot change. Look at yourself and some day look at this blog which will be up for a while and see if someone, just the average call center employee had challenged the media and the accepted ways you have full responsibility. I think that Mr. Nugent brings people a fake sense of hope, based on a lie. Whenever hope is based on lies, the people will fall, just look at the popularity of Philippine President Arroyo.
Best wishes,
Jason Lowen
310.692.0112 (no text feature)
lowenjs@gmail.com
You can always send me a note by visiting http://www.twitter.com/pinoypolitico
Friday, July 3, 2009
People of the Philippines Worldwide: Help Open Democracy with 2010 YouTube Presidential Debates, Looking for Help from Filipinos Worldwide
Dear Readers:
With so many citizens working or living outside of the Philippines and based on polls, the people of the Philippines would like YouTube style debates prior to the end of August 2009, as that is the deadline for R.A. 9225 registration to vote via absentee ballot.
To not cherry pick questions, it would be of importance for both U.S., U.K. and the Gulf States able to ask questions.
Certainly with PLDT/Smart/Piltel the Board stresses open governance and why does Mediaquest Holdings, Inc. (formerly e-Bank) and the Lopez family alliance approve a Presidential Debate, among any candidate whom would be on the ballot?
Why not use the Philippines vast technology to provide for an open forum, especially since this is the first election that will provide time for former Philippine citizens whom are for the first time reclaiming their citizenship (except if they have misrepresented themselves or committed fraud) according to the final rules of Philippine Resolution Act 9225.
Your country has challenged me to read the 1973 and 1987 Philippine Constitution and reviewing all acts regarding citizenship which I had believed was very important.
What this has taught me is that the best way to vote is by holding such an international forum which could be streamed on YouTube. I am going to hold a non-scientific poll to see whom Filipinos worldwide would trust to select the questions as CNN had a board overseeing the final decisions.
I would like to ask PLDTs marketing department whom ordered a tricked out bus from their ad agency Ace Saatchi & Saatchi to implement DSL to help collect YouTube questions from other areas than Manila and Cebu.
The bus has the latest technology and could be used for the promotion of democracy as part of their Corporate Social Responsibility programs, and furthermore maybe sell some more DSL units along the way.
Please consider one or more YouTube style debates, and feel free to contact me through Twitter if you have any suggestions about a board that would be fair and not political or personally invested in the success of a specific candidate. I also hope to hear from U.S., U.K., UAE and Filipinos from Chicago to Saudi Arabia (Saudi Arabia is in the top 10 and the only Gulf State in the list of most frequent visitors to this blog).
On a personal note: I am not bitter anymore because that is a waste of time. I may have a guest writer (whom can really write) and publish select e-mails to show how, one person can build a world of fantasy and present it as truth, as my documents do not lie. I just felt like an idiot to believe stories by a then 31-year old friend. I will never lie to you, plus I am detached emotionally and have hopes but not expectations of change. I do believe though that since journalists are unable to be too open, YouTube, would be wonderful for debates, as I ask the families, to support this venture.
If this cannot be done within the Philippines, then we can ask the candidates to travel, to destinations of your choice where the most Philippine citizens congregate including Los Angeles, New York and Atlanta. Everyone whom is running has enough personal money to buy an economy seat on Philippine Airlines or China Airlines which costs about 34,233 PHP (US$711.00 including all taxes/fees) roundtrip from Manila to Los Angeles, for example or
or
new e-mail for project: jason@jasonlowen.com
Best wishes and let Philippine democracy be a free and fair democracy, under the eyes of the Philippine people.
Regards,
Jason Lowen
310.692.0112
Wednesday, July 1, 2009
Was the PLDT (NYSE: PHI) (PSE: TEL) Buyback to Allow Officers to Exercise Options & Why Anyone is Surprised by M&A Tactics in Meralco
Did people really believe that in the Meralco deal Manuel Pangilinan would not take so many board seats? This is why I like him because he is a good corporate raider, my concerns are what others have shared about the inability of Manuel Pangilinan be a good growth manager.
Is Manuel Pangilinan games from the Netherland Antilles to Liberia to the British Virgin Islands, manageable and why doesn't Ambassador del Rosario takeover Metro Pacific or PLDT? Why is the PLDT (NYSE: PHI) (PSE: TEL) Board which pays its directors PHP14.9 million per year or about US$325,000, not allow the Board to be made to more accurately represent the shareholders?
If Americans and Brits do not understand the culture, Mr. Pangilinan, then why is U.S. citizen Edward Tortorici represent one of only three Executive Directors, for parent company First Pacific Company Limited which owns controlling shares of PLDT (NYSE: PHI) (PSE: TEL), Metro Pacific (PSE: MPI), Level Up, Smart Communications, Meralco, PT Indofood, according to documents filed at the Registered Office of First Pacific Company Limited in Hamilton, Bermuda?
I want investors to look at one section of the PLDT Annual Report and maybe you can help me with this. It appears to me as though PLDT in fact, is made up of only subsidiary companies, which insulates it from shareholder action and makes PLDT (NYSE: PHI) (PSE: TEL) worthless as Smart Communications, Inc. borrowed US$50 million during the credit crunch?
Why is U.S. based PLDT Global, incorporated in the Cayman Islands and do they pay state tax to California?
First Pacific and PLDT is a shell game as no one company owns too much and there are hundreds of subsidiaries, that make the company seem to be judgment resistant? Any thoughts?
If Americans and Brits do not understand the culture, Mr. Pangilinan, then why is U.S. citizen Edward Tortorici represent one of only three Executive Directors, for parent company First Pacific Company Limited which owns controlling shares of PLDT (NYSE: PHI) (PSE: TEL), Metro Pacific (PSE: MPI), Level Up, Smart Communications, Meralco, PT Indofood, according to documents filed at the Registered Office of First Pacific Company Limited in Hamilton, Bermuda?
I want investors to look at one section of the PLDT Annual Report and maybe you can help me with this. It appears to me as though PLDT in fact, is made up of only subsidiary companies, which insulates it from shareholder action and makes PLDT (NYSE: PHI) (PSE: TEL) worthless as Smart Communications, Inc. borrowed US$50 million during the credit crunch?
Why is U.S. based PLDT Global, incorporated in the Cayman Islands and do they pay state tax to California?
First Pacific and PLDT is a shell game as no one company owns too much and there are hundreds of subsidiaries, that make the company seem to be judgment resistant? Any thoughts?

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Sunday, June 21, 2009
Iran to Pinoys to Get Involved in Justice - PLDT Tower/MPIC/Ace Saatchi Should Have Prosecuted Executive, Instead Confidential Leaks inside Saatchi
Anyone with a bit of passion and an internet connection can force change. I have been begging anyone to act in the Philippines but because my connection to the Philippines was through the all powerful PLDT Chairman Pangilinan whom I embarrased by showing that he is either grossly incompetent or negligent which is not the first time he has received that criticism, as Marathon Asset Management attempted to oust Pangilinan as CEO & Managing Director of First Pacific Company Limited in 2007 owning more than 5% of the Hang Seng listed shares.
I used Manuel Pangilinan's ego and Corporate Governance lies to the U.S. Securities & Exchange Commission, New York Stock Exchange and Philippine Stock Exchange public information with some inside personality based knowledge, regarding First Pacific Company Limited's (HKEx: 0142) (OTC: FPAFY) 98% Philippine subsidiary Metro Pacific Investments (PSE: MPI) and Metro Pacific Corporation (PSE: MPC) worth more than US$15 billion in assets (counting the recent Meralco 10.8% option held by First Pacific/Metro Pacific.
Why do I believe that Manuel Pangilinan and his Boards are grossly negligent as well as external independent auditor Ernst & Young of both the Philippines and Hong Kong and to PriceWatehouseCoopers Philippines whom were independent external auditors of Metro Pacific Corporation (PSE: MPC) from at least 2001- mid 2003, because of their inability to run a US$10.00 credit check and publish their findings to investors as required by Philippine and U.S. laws.
Ernst & Young Hong Kong even with a 2006 reorganization of both the "PLDT Group" and "First Pacific Parties" failed to run a simple US$10.00 credit check on Metro Pacific's longtime Vice President & Corporate Governance Compliance Officer David Nugent (David Nugent challenged claims that he was financially insolvent and committed multiple counts of fraud, that would affect Manuel Pangilinan and the entire First Pacific board (similar to the PLDT board).
Mr. Nugent still lives in his luxurious compound in Bel-Air Village, Makati City, Philippines with household staff, a butler and chaffeur/bodyguard.
David S. C. Nugent, a 39 year old, college dropout, in significant debt was probably not the perfect choice to promote from Vice President of Media & Corporate Affairs to the added title of Corporate Governance Compliance Officer of Metro Pacific Corporation (PSE: MPC) with a 14.5% float on the Philippine Stock Exchange and then after 2006 Metro Pacific Investments Corporation (PSE: MPI) reorganization and infusion of capital by First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY) which was founded with money from known leading crony of the late New Order President Suharto, Soedono Salim aka Liem investor, whom took ill-gotten Indonesian Treasury money, which like the Philippines is now a democracy controlled by the rich whom steal from the poor aand middle class through taxation without representation.
In the Philippines, which had more exposure to the U.S. Navy and U.S. Air Force, as they were an occupying force according to Philippine mainstream newspapers, thus when the people of the Philippines fail to take action they can blame people like David Scott C. Nugent's father whom was an enlisted sailor, and not a flag officer like he wants many to believe.
This is not personal and while I am also a creditor of Mr. Nugent, the reason I started this blog was due to Manuel Pangilinan whom I met in 2003, while in the Philippines (I lived in Southeast Asia from 2003-2004).
Had Mr. Pangilinan named Mr. Nugent to be deputy chief of staff or a non-financial job and had I not found out that Mr. Nugent whom I have known since 1994, but not really known since 2006, after I pulled his credit report as his "agent" and creditor. Mr. Nugent is an incredibly good storyteller and reminds everyone I know whom have met him of Andrew Cunanan, in both the way he treats people and how he twists or lies so convincingly, gathering information so Mr. Nugent can then use the person's life against them in an abusive way, and use fear of being alone, to entrap young college students and the Associate Publisher of media giant ABS-CBN Publishing, whose mother may run for her husband's Congressional seat in the Philippines. Both this publisher's father and brother are Philippine Congressman with his father, formerly longtime Philippine Speaker of the House of Representatives.
I mention this only because I appealed to this person first and as the international Vice Chairman of the ruling party of the Philippines, one would hope that the person, believes in the rule of law over personal connections to con man and corporate, Philippine citizenship (2001-2003 before R.A. 9225 per the 1987 Philippine Constitution "Chan Robles Library," which in accordance to the Philippine Department of Justice, "anyone whom misrepresents themselves or commits fraud shall not be eligibe for reacquisition of Philippine citizenship").
This is another reason why First Pacific/Metro Pacific/PLDT officers illegally removed all mentions of David Nugent from either the Philippine Stock Exchange, which also is the host ADR for PLDT/Smart (NYSE: PHI) (PSE: TEL) as Mr. Nugent was listed even by his own admission in a defamatory article that he asked accomplished business writer Vic Agustin to publicize in the Manila Standard Today, as Mr. Nugent thought that I would start a blog over citizenship and that he could protect his place within the Philippine elite by getting it out there.
I was hurt but then looked at what the piece on April 30, 2008 told me and shareholders, that Mr. Nugent had indeed lied about his citizenship, on Philippine Stock Exchange forms as a key VP and Corporate Governance Compliance Officer, whom strangely written in the by-laws after the 2006 reorganization, which have been destroyed, but as I knew the players I printed and downloaded to a server in Indiana, all possible Philippine Stock Exchange documents, regarding lies by both David Nugent and Manuel Pangilinan.
Manuel Pangilinan, cited by Pulse Asia for Corporate Governance and Executive of the Year, failed to perform due diligence as did The Wall Street Journal Magazine, Smart Money, which chose only two of 12 international stocks to list as their Strong Buys of 2008" but never knew that Mr. Pangilinan too lied to get Smart Money magazine, whom I know did not make the connection to First Pacific Company Limited and refuses to write an article that properly represents PLDT (NYSE: PHI) (PSE: TEL). I started receiving the magazine in January 2009, where Smart Money took a look back at their picks of 2008 and only mentioned that buyers lost interest in foreign stocks.
I am a self-taught corporate governance person as I thought that the private letters to the affected companies would force Manuel Pangilinan or Vice Chairman & CEO of Ace Saatchi & Saatchi Matt Seddon, whom had built Saatchi & Saatchi Vietnam, and was past CEO & President of Saatchi & Saatchi Malaysia and Vice Chairman of JWT Philippines, known as a honest businessman.
Mr. Nugent instead e-mailed me offering a bribe and while I offered one deal as Mr. Nugent is the most abusive person I have encountered having asked me to be on Friendster in 2007 after I had severed communication to threatening to have me killed (which is not impossible due to the corporate elite and government intertwined).
My one request was that Mr. Nugent meet me in Hong Kong at U.S. ACS office and for him, if he was truly in love with the Philippines was to renounce his U.S. citizenship as he has no intention of ever paying back U.S. Department of Education loans and his mother and sister are U.S. citizens and could sponsor a tourist visa.
Mr. Nugent declined and I started doing intensive research based on Sarbanes-Oxley Act of 2002, especially when I learned that Ace Saatchi & Saatchi, where Mr. Nugent was promoted in less than 45 days without a credit check to Vice President of New Business Development Services and did not resign as he had a one year contract after leaving First Pacific/Metro Pacific/PLDT employment as an Officer/Consultant, which is published on this site in the archives, until May 31, 2008.
Upon becoming Vice President at Ace Saatchi & Saatchi he was flown to Mumbai, India and to New York City, NY to meet with executives at the headquarters of Saatchi & Saatchi Worldwide as, for example, Mead Johnson Nutritionals is worth US$1.6 million of revenue in FY2009, while under review after Mead Johnson's IPO and annual meeting by Steve Golsby in the Philippines on February 25, 2009. (As a shareholder of Mead Johnson Nutritionals, it is frustrating to hear that MJN paid an additional US$2,000 as the Philippine marketing execs. of MJN, realized only two weeks before MJN's CEO was coming for his regular annual visit that they did not have their ads translated into English. In the Philippines, just as US$1.6 million is big money, US$2,000 charged by Ace Saatchi & Saatchi, is ridiculous due to rush service.
My ad sources whom are disgusted by slander in the main Philippine advertising gossip site that are libelous and the fact that Mr. Nugent was paid by Ace Saatchi & Saatchi through November 2008, have provided detailed information, much of which I will not use, because I believe that just as Mr. Seddon approved Mr. Nugent's Manila Standard Today piece and his three columns (also approved by Pangilinan as Metro Pacific Holdings own part of GMA7 and Philippine Daily Inquirer).
It is difficult to look at this as a black and white issue as Ace Saatchi & Saatchi and my appeal to parent company Publicis Groupe, to resign specific local accounts, that Mr. Nugent was connected to and in some cases still receives kickbacks from Ace Saatchi & Saatchi. The giant kickback was honoring an illegal contract dated November 7, 2007 as a fiduciary officer of Ace Saatchi & Saatchi. Mr. Seddon started as CEO & President of Ace Saatchi & Saatchi in January 2008 and while I gave him a pass for awhile, Mr. Nugent's win of SM Hypermarkets is still on the Saatchi & Saatchi Worldwide website, which I have pointed out to Mr. Seddon and other Ace Saatchi personnel twice.
I understand that Grey Advertising and Leo Burnett are among the top three finalists for Mead Johnson Nutritionals (NYSE: MJN) and for full disclosure I have not worked nor do I know anyone affiliated with any of the ad agencies. In the Philippines, and U.S. ad dollars in a recession can influence or create stories.
Mr. Nugent lied about everything from education, financial condition and age in sworn statements to the Philippine Securities & Exchange Commission and has now been deleted on orders of Manuel Pangilinan and PLDT/Metro Pacific/First Pacific Board member Ambassador Albert F. del Rosario, whom I plan to write about in the new corruption model as stocks and zero coupon bonds are the new way, in which, Manuel Pangilinan and his inner circle in the Philippines and as President Commissioner of PT Indofood. This should be a red flag to the United States Securities & Exchange Commission.
In 2050, will the great-grandson of Cory Aquino be wearing a yellow suit to have EDSA 12. By the way, I can prove through public information that President Arroyo and Vice President Noli de Castro are closer than advertised.
Best wishes,
Jason Lowen
310-692-0112
lowenjs@gmail.com
You may contact me through Twitter as I cannot receive SMS texts at http://www.twitter.com/pinoypolitico
Saturday, June 20, 2009
ARE INDEPENDENT EXTERNAL AUDITORS ERNST & YOUNG & PLDT/MPIC EXEC. CHAIR PANGILINAN INCOMPETENT OR NEGLIGENT REGARDING KEY VP/CGO SWINDLER D. NUGENT
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David Nugent not only did not pay back student loans but believed that he never had to pay any bills including Pacific Gas & Electric and Sprint PCS. If you live in the Philippines and fall for the fictional abuse stories in the Philippine Daily Inquirer, never wonder why you end up finding out why corruption is the way of doing business in the Philippines.
How idealistic I was in first preparing a private lettter sent only to very specific affected companies. These documents cannot be forged as Mr. Nugent could easily have a neutral party call the U.S. Department of Education to ask about the status of these loans as Mr. Nugent dropped out of college, lied to the Philippine SEC and investors about everything from his date of birth to his heritage (which he now wears as a badge, yet had to point put in his editorial of June 2008 that his mother was a 'good chinese girl' and that his father gave him US$100.00 bills and mother bought gold jewelry. He also disclosed that unlike Filipinos in a similar situation apparently during his parents divorce, "gone were the houses and cars."
According to the U.S. Department of Defense, Barney Nugent, an enlisted sailor from a poor rural family in Georgia, USA, not a Germanic CIA operative and cousin of Patrick Nugent, first husband of Luci Baines Johnson, Barney McDonald Nugent made an average salary and was not regularly called (or at all, to Washington, DC). Basically, it is another attempt to con the Philippine people as Nugent uses the system.
As a key VP and Corporate Governance Compliance Officer, did his boss PLDT/Metro Pacific/First Pacific (owned by the Salim family, from money of the Bank of Central Asia and stolen from the people of Indonesia under President Suharto, why would Manuel Pangilinan or Ernst & Young Philippines allow this fraud for seven years.
Why will Manuel Pangilinan not allow an independent U.S. or U.K. based third party external auditor, which has no Philippine members (as Philippine families are large and this would limit corruption as all material is in English). I call again for the resignation of all PLDT board members and advisory council but as a minority shareholder for a full audit of all First Pacific Co. Ltd. companies from PLDT/Smart/Piltel/PLDT Global incorporated in the Cayman Islands for a truly transparent audit paid for by Manuel Pangilinan or Soedono Salim and for appropriate people to resign no matter how high the person is within the organization.
If this is impossible it will be further evidence of continual non-compliance for listing of PLDT as a Level III equity with options in the New York Stock Exchange but managed on the Philippine Stock Exchange.
Best wishes,
Jason Lowen
310-692-0112
lowenjs@gmail.com
Thursday, June 18, 2009
PLDT (NYSE: PHI) (PSE: TEL);MPIC (PSE: MPI); & parent company First Pacific (HKEx: 0142) (OTC: FPAFY) Board Shows Weakness of Philippine Stock Xchange

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David Nugent: Vice President & Corporate Governance Compliance Officer (2001-2007). (http://www.mpic.com.ph)Hired by Manuel Pangilinan, Executive Chairman (Pangilinan and Hang Seng often use term, although Pangilinan uses it when he chooses, as he never gave up control of PLDT (PSE: TEL) (NYSE: PHI) but does not want to appear responsible for his actions or the actions of the PLDT; Metro Pacific Investments Corporation (PSE: MPI); until 2006 reorganization overseen by both Hong Kong and Philippine offices of Ernst & Young, whom were charged with representing shareholders. In 2006, Ernst & Young miserably failed shareholders as they never did a background check on David Nugent, sole Vice President and Corporate Governance Compliance Officer overseeing conflict-of-interest, self-dealing, finances, integrity, transparency and audit functions. Had Ernst & Young which in the Philippines is Sycip Gorres Velayo Ernst & Young, due to some arcane silent business partner laws, is more importantly the independent external auditor for PLDT (NYSE: PHI) (PSE: TEL) (http://www.pldt.com) which according to Sarbanes-Oxley Act has a duty to U.S. investors (PLDT was listed on the NYSE Arca until January 2007, thus they should have been overseen more carefully by the U.S. SEC. (http://www.sec.gov) As I learned from David Nugent, whom was Manuel Pangilinan's protege. Mr. Nugent was interviewed by Mr. Pangilinan whom controls US$65 billion in assets at the Makati Shangri-La and covered up the fact that Mr. Nugent whom had renounced his Philippine citizenship in the late 1980s, due to the 1987 Philippine Constitution, which stated through the 2003 Reacquisition Act (R.A. 9225) that Mr. Nugent could either have chosen to be a Philippine citizen or U.S. citizen. This blog shows how incompetent Mr. Nugent was and that after the Board of First Pacific, Metro Pacific and PLDT found out about this news the MPIC (PSE: MPI) Board erased David Nugent from all documents that were part of the official record of the Philippine Stock Exchange. (http://www.pse.com.ph) Philippine SEC (http://www.sec.gov.ph)
I knew Mr. Nugent at one point, before I found out that he defrauded (and I do not use the word lightly, the United States Department of Education FAFSA, as not only did he drop out of college entering his junior year at American University, while Mr. Nugent made over US$100,000 per year, he made no attempt to pay $1.00 on any loans. That is fraud and as I got into this blog and I encourage you to look at the 2008 blogs, which are sometimes rambling but show how Mr. Nugent's boss Manuel Pangilinan is also a liar, successfully and illegally, stating that he had (until I called Wharton and published the list) been lying to U.S. SEC officials in that while he may have graduated from Wharton School at the University of Pennsylvania, as the son of a bank president, Mr. Pangilinan was not on the venerable Board of Overseers from 1999-2008.
Wharton has noted that the 2007 article in their alumni association online review was based on submitted material and that the Editor did not perform any due diligence as many people gave donations and on the surface Mr. Pangilinan appears as ethical.
Even Philippine President Arroyo sacked the Philippine Securities & Exchange Commission last year and per my poll, very few people believe that the Philippine SEC is not corrupt.
Fortunately, having been close friends before finding out that Mr. Nugent defrauded the U.S. government, as I am first generation American and my late father went through ROTC and served in Vietnam in Virginia Beach due to being legally blind in one eye, as a First Lieutenant of the U.S. Army and Reserves taking advantage of the G.I. Bill to help pay for law school at University of Michigan and my brother-in-law served to the rank of Captain in the U.S. Army, also using the G.I. Bill to attend Harvard Law School.
I am a patriot, yet was not encouraged to serve, as my late grandfather served in the Russian Army to survive the Holocaust as a Jew, something that a Philippine blogger whom has stolen my name Jason Scott Lowen, uses as an insult. The blog by this blogger includes libelous material that cannot be substantiated anywhere else on the web. Unfortunately, I have been told that I would end up like the late Philippine Senator Aquino, if I ever returned to the Philippines.
There is no justice for whistle blowers in the Philippines and moreover, U.S. Congress has passed a bill to supposedly help with libel suits, which they fail, like the U.S. SEC and U.S. DOJ for Commercial Paper, and the non-existent enforcement department for the U.S. Department of Education, which allowed for Mr. Nugent's outstanding student loans to fall off of his credit report after 10 years.
Look at First Pacific Company Limited (http://www.firstpacco.com) and moreover, having had the opportunity to volunteer at the White House during the Clinton administration, I counted the amount of e-mails that the White House received. At the time, the Director of the White House Correspondence Unit would prepare a report for the President and so I know that if anyone can please contact their U.S. Congressman and e-mail or write to the U.S. SEC and U.S. Department of Education.
I plan to put together sample letters. I am always willing to speak to anyone whom is interested in helping as for full disclosure I was part of the Philippine business elite for several years (never receiving compensation and so this is not due to disgruntled issues, but integrity and accountability).
An example of the business elite is that Manuel Pangilinan was given a Presidential license for his motorcade with lights and sirens as he refused to wait in traffic.
We live in a global world and I only ask that even if you are not an investor that you heed the call as I have volunteering at a hospital to help the U.S. and global economy to delist companies that are only hurting investors. By the way, one of the independent directors of Metro Pacific Investments (PSE: MPI) whom was key in deleting Mr. Nugent is a recently retired Philippine Chief Justice of the Supreme Court.
If we do nothing, the World Bank, IMF, MCC (contact U.S. Senator Patrick Leahy of Vermont), and Western nations including Australia taxpayers will continue to pay as conglomerates leave the Philippines with the money, because if you check out PLDT Global or most of First Pacific (http://www.secinfo.com which is a free service that gives you all U.S. SEC filed documents unlike Edgars), and read through the material the Indonesians whom own a large portion of PLDT/Metro Pacific/Meralco/First Pacific and the executive directors of First Pacific (one Filipino, one American and one Brit) have hundreds of subsidiaries from the Netherlands Antilles to Cayman Islands to Liberia.
Best wishes,
Jason Lowen
lowenjs@gmail.com
31o.692.0112 (no SMS Premium text messages, thus Twitter is the best way, if you are abroad and do not understand plain text)
Visit http://www.twitter.com/pinoypolitico and follow me and send me a note @pinoypolitico and I will try to help. I know so much about Southeast Asia and the inner workings and have been attempting to have the Philippine people as business elite control whom becomes President, but with R.A. 9225, theoretically change could take place.
Monday, June 15, 2009
PLDT Execs. (NYSE: PHI) (PSE: TEL) Fail to Disclose Parent Company First Pacific (HKEx:0142) & Risks Due to Bank of Central Asia (Suharto) Funds
NEW POST
Dear Readers:
The Philippines has had over one year to enact change and instead deleted illegally a longtime key Vice President and Corporate Governance Compliance Officer David Nugent whom served most recently as VP for Ace Saatchi & Saatchi while also serving as an Officer/Consultant under contract with Manuel Pangilinan's First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY). First Pacific is the parent company of Metro Pacific (PSE: MPI) (formerly PSE: MPC), PLDT (NYSE: PHI) (PSE: TEL), Meralco, PLDT Beneficial Fund, Fort Bonaficio and is Chairman of Medical Doctors, Inc., Chairman of PLDT, Chairman of PLDT's Independent Nomination & Corporate Governance Committee and Chairman of the PLDT Committee that guides purchasing of technology.
In a nutshell, Mr. Manuel Velez Pangilinan, the son of a elite banker, whom lied to NYSE Arca and investors from at least 1999-2008 baiting investors through statements on U.S. SEC documents that he was on the venerable, Board of Overseers of the Wharton School at the Ivy League University of Pennsylvania, which after I posted the truth and spoke with the Board's administrator and media affairs was told that while Mr. Pangilinan did graduate the university only can find that Pangilinan spoke at a 2003 Board of Overseers meeting but has not been a member of the Board of Overseers.
I was told that the 2007 piece written by Wharton would have mentioned his presence on the Board of Overseers and that Manuel Pangilinan pushed hard to be in the 2007 piece including a donation to Wharton, stated an anonymous source. I guess Donald Trump is secure with his life thus he does not need to be listed. The article actually leaves room for interpreatation. After being outed as a liar, Manuel Velez Pangilinan, apparently gave another donation to quell media inquires.
Bernie Madoff was actually Chairman of the Nasdaq, but as we can see as Pangilinan used this Board of Overseers to convince U.S. investors it may be of material purpose, or PLDT/Smart Communication/First Pacific/Piltel/PT Indofood would not have deleted the information from the Philippine Stock Exchange, Hong Kong Stock Exchange & Clearing House, Indonesia Stock Market and U.S. SEC Annual Reports.
Good luck suing as the Philippines continually refuses to enter into all parts of the Hague Convention of the United Nations and Ernst & Young their independent auditing agency of record (107,000 employees in 140 countries) will not file a complaint. Have we learned nothing from Enron/Worldcom/Adelphia? The Philippine 'poster boy' for ethics, transparency, accountability and integrity, especially due to the NYSE Level 3 with options company, traded on the Philippine Stock Exchange which is a corrupt mess.
It appears that former Philippine SEC Governor started the mainstream current Philippine Stock Exchange to make money off of Smart Money magazine readers and people whom believe that the books are real and they appear to be but it is false.
I have questions for the worldwide investment community which raised red flags, besides Manuel Pangilinan hiring fraud David Nugent.
I plan to be involved but have lost the passion I once felt as I realize that a developing country (which many call third world, but as a sociology student I despise as I believe that the Philippines could be a fair society, if real change and not smoke and mirrors were present).
1. What oversight does the United States Securities & Exchange Commission have to stop practices that may follow the letter of the law, but are unfair to investors?
2. Why didn't Smart Money magazine, The Wall Street Journal Magazine, which published in 2008 that PLDT was one of their top twelve and one out of two companies outside the U.S. as their star companies. (Unfortunately, two days after I started this blog the price fell off of a cliff, as Philippine investors and NTT Communications sold some stock).
Personal Note: I admit that in the beginning I was maybe a bit too personally angry, which I am no longer as this is bigger than me. P.S. I am glad to help the WSJ's Smart Money in a nice non-gotcha piece as I honestly believed that Manuel Pangilinan would file charges per the Philippine SEC against Mr. Nugent and sentence him to 25 years in jail and a P20 million fine instead of continuing his employment contract. I would not take a US$100,000 bribe as offered through Saatchi & Saatchi Philippines whom would then bill PLDT/Smart Communications as Mr. Nugent was VP of New Business Development Services, officially through November 2008, although he was on leave starting in June 2008 after already visiting the NYC and Mumbai-New Dehli, India offices and receiving a no-bid contract through SM Investments. Ace Saatchi & Saatchi decided to retain all accounts that Mr. Nugent whom remained a First Pacific/Metro Pacific Vice President/Consultant through May 31, 2008, while also employed at the large Philippine Saatchi & Saatchi Worldwide affiliate. Sadly, Vice Chairman and CEO Matt Seddon has decided to keep all accounts won unethically and in the U.S. illegally as they are 'fruit from a poisonous tree' and should be resigned.
While this may be unique to Southeast Asia, we are in a global economy and companies like PLDT matter more than investors think, especially because if PLDT is the best, than why would Fidelity (owns 5%) or any other institutional investor want to invest money in the Philippines.
I have a lot of material and need assistance from U.S. based people with strong finance backgrounds. I am no longer solely focused on what is best for the Philippines to the extent that I believe that I can enact REAL change, as the government has chosen to be evasive at best.
A Warning to PLDT (NYSE: PHI) (PSE: TEL) Investors Not Published in Any of the PLDT Annual Reports to Investors Even When PLDT was Listed Through January 2007 on NYSE Arca - Full Disclosure Not Evident in any Reports to U.S. or Philippine Investors
Investors should know that PLDT Board members are also members of the Board of First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY) and management has proven that while they declare dividends; it is apparent that the PLDT books cannot be correct, most specifically as First Pacific through 98% owned Metro Pacific buys PLDT stock and changed the 2008 Annual Report to Investors for PLDT and the 2006 Annnual Report to Investors deleting fraud David Nugent illegally.
PLDT also does not disclose insider trading, and their President & CEO Napoleon Nazareno is paid his salary by wholly-owned PLDT subsidiary Smart Communications, Inc. which independently borrowed US$50 million from a private European bank during the credit crunch, while PLDT borrowed US$100 million during the same period with a VP of PLDT stating off-the-record that "dividends in the Philippines shows the company to be strong even if that is totally untrue." Also this VP suggested not to buy options as PLDT (NYSE: PHI) (PSE: TEL) has manipulated the Philippine Stock Exchange to make PLDT Chairman Manuel Pangilinan, whom is very image concious look good and payoff Philippine government officials through dividends.
It appears that the Philippine Stock Exchange represents the biggest threat to the country as it is totally corrupt and instead of cash, government leaders or their families are paid in preferred stock or zero coupon bonds with 131% return on investment that I plan to write about as I was looking at buying January 2010 options, and then remembered that PLDT could buyback 2 million shares of stock to not damage stock price.
Should developing countries like the Philippines which is known for corruption in all areas of daily life be allowed to doctor their own books, while being a Level 3 Equity on the NYSE- PLDT (NYSE: PHI) (PSE: TEL) through ADR - JP Morgan Chase transfer agent. PLDT trades options regulated by the United States Securities & Exchange Commission.
I also plan to dump as much of the 2003 Annual Report for Metro Pacific Corporation (PSE: MPC) with very little text to show that while the Philippine Stock Exchange and Philippine SEC may be manipulated, if you have the documents as I do, the truth has never been questioned nor have I been sued for reconstructing erased public disclosures.
Yahoo Classic Mail was used for a disclosure on the Philippine Stock Exchange by the Head of Disclosures for a non-related publicly-traded energy company, which legally from my studies sets precedence to allow other Yahoo Mail documents to be used as evidence as most business documents during my work for First Pacific and affiliates is on Yahoo Mail.
Best regards,
Jason Lowen
310.692.0112
lowenjs@gmail.com
you may also reach me as I do not get 3G SMS texts by following me on Twitter:
http://www.twitter.com/pinoypolitico
P.S. As with most people whom are whistle blowers unfortunately, a heavily funded company has created press releases by finding bits and making up most stuff under my name attempting to defame me and my cause. Please ask this rogue company official to guide you to the original source as I have been unable to find any source based on a PR Web claim that actually is anywhere on the Internet and as we all know it is next to impossible to have something removed from the Internet!
Please also visit http://www.sec.gov and demand stricter rules for developing nations whom undermine the NYSE and until 2007 NYSE Arca. You may also find your congressman at http://www.house.gov or U.S. Senator at http://www.senate.gov
Cheers!
Dear Readers:
The Philippines has had over one year to enact change and instead deleted illegally a longtime key Vice President and Corporate Governance Compliance Officer David Nugent whom served most recently as VP for Ace Saatchi & Saatchi while also serving as an Officer/Consultant under contract with Manuel Pangilinan's First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY). First Pacific is the parent company of Metro Pacific (PSE: MPI) (formerly PSE: MPC), PLDT (NYSE: PHI) (PSE: TEL), Meralco, PLDT Beneficial Fund, Fort Bonaficio and is Chairman of Medical Doctors, Inc., Chairman of PLDT, Chairman of PLDT's Independent Nomination & Corporate Governance Committee and Chairman of the PLDT Committee that guides purchasing of technology.
In a nutshell, Mr. Manuel Velez Pangilinan, the son of a elite banker, whom lied to NYSE Arca and investors from at least 1999-2008 baiting investors through statements on U.S. SEC documents that he was on the venerable, Board of Overseers of the Wharton School at the Ivy League University of Pennsylvania, which after I posted the truth and spoke with the Board's administrator and media affairs was told that while Mr. Pangilinan did graduate the university only can find that Pangilinan spoke at a 2003 Board of Overseers meeting but has not been a member of the Board of Overseers.
I was told that the 2007 piece written by Wharton would have mentioned his presence on the Board of Overseers and that Manuel Pangilinan pushed hard to be in the 2007 piece including a donation to Wharton, stated an anonymous source. I guess Donald Trump is secure with his life thus he does not need to be listed. The article actually leaves room for interpreatation. After being outed as a liar, Manuel Velez Pangilinan, apparently gave another donation to quell media inquires.
Bernie Madoff was actually Chairman of the Nasdaq, but as we can see as Pangilinan used this Board of Overseers to convince U.S. investors it may be of material purpose, or PLDT/Smart Communication/First Pacific/Piltel/PT Indofood would not have deleted the information from the Philippine Stock Exchange, Hong Kong Stock Exchange & Clearing House, Indonesia Stock Market and U.S. SEC Annual Reports.
Good luck suing as the Philippines continually refuses to enter into all parts of the Hague Convention of the United Nations and Ernst & Young their independent auditing agency of record (107,000 employees in 140 countries) will not file a complaint. Have we learned nothing from Enron/Worldcom/Adelphia? The Philippine 'poster boy' for ethics, transparency, accountability and integrity, especially due to the NYSE Level 3 with options company, traded on the Philippine Stock Exchange which is a corrupt mess.
It appears that former Philippine SEC Governor started the mainstream current Philippine Stock Exchange to make money off of Smart Money magazine readers and people whom believe that the books are real and they appear to be but it is false.
I have questions for the worldwide investment community which raised red flags, besides Manuel Pangilinan hiring fraud David Nugent.
I plan to be involved but have lost the passion I once felt as I realize that a developing country (which many call third world, but as a sociology student I despise as I believe that the Philippines could be a fair society, if real change and not smoke and mirrors were present).
1. What oversight does the United States Securities & Exchange Commission have to stop practices that may follow the letter of the law, but are unfair to investors?
2. Why didn't Smart Money magazine, The Wall Street Journal Magazine, which published in 2008 that PLDT was one of their top twelve and one out of two companies outside the U.S. as their star companies. (Unfortunately, two days after I started this blog the price fell off of a cliff, as Philippine investors and NTT Communications sold some stock).
Personal Note: I admit that in the beginning I was maybe a bit too personally angry, which I am no longer as this is bigger than me. P.S. I am glad to help the WSJ's Smart Money in a nice non-gotcha piece as I honestly believed that Manuel Pangilinan would file charges per the Philippine SEC against Mr. Nugent and sentence him to 25 years in jail and a P20 million fine instead of continuing his employment contract. I would not take a US$100,000 bribe as offered through Saatchi & Saatchi Philippines whom would then bill PLDT/Smart Communications as Mr. Nugent was VP of New Business Development Services, officially through November 2008, although he was on leave starting in June 2008 after already visiting the NYC and Mumbai-New Dehli, India offices and receiving a no-bid contract through SM Investments. Ace Saatchi & Saatchi decided to retain all accounts that Mr. Nugent whom remained a First Pacific/Metro Pacific Vice President/Consultant through May 31, 2008, while also employed at the large Philippine Saatchi & Saatchi Worldwide affiliate. Sadly, Vice Chairman and CEO Matt Seddon has decided to keep all accounts won unethically and in the U.S. illegally as they are 'fruit from a poisonous tree' and should be resigned.
While this may be unique to Southeast Asia, we are in a global economy and companies like PLDT matter more than investors think, especially because if PLDT is the best, than why would Fidelity (owns 5%) or any other institutional investor want to invest money in the Philippines.
I have a lot of material and need assistance from U.S. based people with strong finance backgrounds. I am no longer solely focused on what is best for the Philippines to the extent that I believe that I can enact REAL change, as the government has chosen to be evasive at best.
A Warning to PLDT (NYSE: PHI) (PSE: TEL) Investors Not Published in Any of the PLDT Annual Reports to Investors Even When PLDT was Listed Through January 2007 on NYSE Arca - Full Disclosure Not Evident in any Reports to U.S. or Philippine Investors
Investors should know that PLDT Board members are also members of the Board of First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY) and management has proven that while they declare dividends; it is apparent that the PLDT books cannot be correct, most specifically as First Pacific through 98% owned Metro Pacific buys PLDT stock and changed the 2008 Annual Report to Investors for PLDT and the 2006 Annnual Report to Investors deleting fraud David Nugent illegally.
PLDT also does not disclose insider trading, and their President & CEO Napoleon Nazareno is paid his salary by wholly-owned PLDT subsidiary Smart Communications, Inc. which independently borrowed US$50 million from a private European bank during the credit crunch, while PLDT borrowed US$100 million during the same period with a VP of PLDT stating off-the-record that "dividends in the Philippines shows the company to be strong even if that is totally untrue." Also this VP suggested not to buy options as PLDT (NYSE: PHI) (PSE: TEL) has manipulated the Philippine Stock Exchange to make PLDT Chairman Manuel Pangilinan, whom is very image concious look good and payoff Philippine government officials through dividends.
It appears that the Philippine Stock Exchange represents the biggest threat to the country as it is totally corrupt and instead of cash, government leaders or their families are paid in preferred stock or zero coupon bonds with 131% return on investment that I plan to write about as I was looking at buying January 2010 options, and then remembered that PLDT could buyback 2 million shares of stock to not damage stock price.
Should developing countries like the Philippines which is known for corruption in all areas of daily life be allowed to doctor their own books, while being a Level 3 Equity on the NYSE- PLDT (NYSE: PHI) (PSE: TEL) through ADR - JP Morgan Chase transfer agent. PLDT trades options regulated by the United States Securities & Exchange Commission.
I also plan to dump as much of the 2003 Annual Report for Metro Pacific Corporation (PSE: MPC) with very little text to show that while the Philippine Stock Exchange and Philippine SEC may be manipulated, if you have the documents as I do, the truth has never been questioned nor have I been sued for reconstructing erased public disclosures.
Yahoo Classic Mail was used for a disclosure on the Philippine Stock Exchange by the Head of Disclosures for a non-related publicly-traded energy company, which legally from my studies sets precedence to allow other Yahoo Mail documents to be used as evidence as most business documents during my work for First Pacific and affiliates is on Yahoo Mail.
Best regards,
Jason Lowen
310.692.0112
lowenjs@gmail.com
you may also reach me as I do not get 3G SMS texts by following me on Twitter:
http://www.twitter.com/pinoypolitico
P.S. As with most people whom are whistle blowers unfortunately, a heavily funded company has created press releases by finding bits and making up most stuff under my name attempting to defame me and my cause. Please ask this rogue company official to guide you to the original source as I have been unable to find any source based on a PR Web claim that actually is anywhere on the Internet and as we all know it is next to impossible to have something removed from the Internet!
Please also visit http://www.sec.gov and demand stricter rules for developing nations whom undermine the NYSE and until 2007 NYSE Arca. You may also find your congressman at http://www.house.gov or U.S. Senator at http://www.senate.gov
Cheers!
Tuesday, June 9, 2009
Corporate Governance Focus vs. Personal Focus - This Blog Must Stay CG Focused: New Blog Started to Focus on Tip of PLDT/First Pacific Iceberg
Updated with New Copy: Saturday, June 6, 2009 PST
Dear Readers:
I have decided that my personal thoughts belong on a different website. I will always claim my blogs and NEVER USE MY OWN NAME IN THE TITLE as that screams that is not my intention. I now understand that lying corporate fraud and thief whom I uncovered is not responsible for making up some of the 'press releases' that no one can seem to find on 'PR Web.'
I know that once something is on the web it is nearly impossible to get rid of it. Due to the fact (this is also good to know before investing any money in PLDT or parent company First Pacific) that the Philippines complies with only part of the Hague Convention. The Philippine government refuses to comply with the section that would allow a U.S. or U.K. citizen to serve papers of a lawsuit against an executive or company. Please Google Hague Convention for further details.
To maintain the endorsement of an international organization, I was informed, that unlike papers like the Manila Standard Today or lies that have no true back up pages but a seemed together string of e-mails from people whom I do not know, as if they were press releases as the author states than wouldn't they be publicly available. They seem to me to be fake and no one has been able to locate per my repeated requests the original documents, and to state that they are on PR Web, would to be a stretch, at best.
It seems that proof is the best indication and internationally-recognized over conjecture. I have established another website on wordpress, in case, I feel the need to publish anything personal.
There is a disgusting and simply false statement researched by a PLDT opposition research team, established after I blew the whistle, over 14 months ago as I only publish the truth, unlike the person or persons involved in said blog. I do not know whom this person is discussing at Saatchi & Saatchi Worldwide, nor is any key element from the spelling of my mother or sister's name or when and anything regarding this blog.
I choose not to go personal as frankly, it is a sign of desperation and not a sign of responsibility, integrity, accountability and truth. This is the only active blog that is genuine. I believe that libel and slander is for only those whom know that they have been caught in continuous lies. I could never destroy anyone if they were totally truthful about their age, financial status, citizenship and criminal activity and so it is stunning to me that Ernst & Young has even issued a statement distancing itself from clients PLDT/Metro Pacific and First Pacific, proving that they have not been an independent auditor as required for PLDT listing by the U.S. SEC and New York Stock Exchange. Enough said.
I have Corporate Governance questions for PLDT (NYSE: PHI) (PSE: TEL) listed below for the management team of PLDT's Nomination and Governance Committee of the Board of Directors to answer.
Thank you,
Jason Lowen
lowenjs@gmail.com
310.692.0112
This is in no particular order:
1. Why is Manuel Pangilinan, Chairman of the Board, Chairman of the both (independent and regular) PLDT Board Nomination Committee and PLDT Corporate Governance Committee. Why is he also Chairman of the PLDT Strategy Technology Committee?
2. Why is Manuel Pangilinan not (as he uses these titles) called Executive Chairman of PLDT (NYSE: PHI) (PSE: TEL) as he considers himself an officer of the Company and was the previous CEO & President of PLDT.
3. Why is PLDT CEO & President Napoleon Nazareno paid by PLDT's wholly owned subsidiary, Smart Communications when he is currently the Principal Executive Officer according to the NYSE.
4. Why doesn't Mr. Pangilinan just explain openly how his businesses truly operate and whom owns or controls them?
5. It seems as though Mr. Pangilinan is a hypocrite in that he is promoted as the champion of corporate governance and ethics reform for the entire Philippines, yet while at first glance it may seem that way there are so many inconsistencies and questions about financing in the purchase of First Pacific's wholly-owned subsidiary PTIC.
How can a primarily Indonesia owned company own PTIC and why is Manuel Pangilinan Founding CEO, with the Salim patriarch and closest friend and contract recipent by Indonesia's former late President Suharto, Soedono Salim also known as Liem Liong, whom continues to be Advisor to the Board of First Pacific (HKEx: 0142) (OTC: FPAFY), and why has Mr. Pangilinan as CEO, Executive Director, Principal Executive Officer and Managing Director not had Ernst & Young of Hong Kong generate a report to debrief the Indonesian and Philippine government and people, whose money it is ultimately, especially as Indonesia is becoming a democracy?
6. Why wasn't Ernst & Young of Hong Kong whom are the external independent auditors for First Pacific Company Limited nor SyCip Gorres Velayo & Company (Philippine Ernst & Young affilated company) which audits the books of PLDT, First Pacific and Metro Pacific Investments not terminated immediately after you learned that Mr. Nugent, whom served as Vice President and Corporate Governance Compliance Officer for 7-8 years, was an imposter and a full disclosure not made to the NYSE, Nasdaq, Philippine SEC, Philippine Stock Exchange, Philippine Department of Justice and U.S. SEC not been made regarding Mr. Nugent and his financial/identity fraud?
7. I have repeatedly called for PLDT Executives to not be paid board fees up to US$300,000 annually, for attending Board meetings as that is part of their responsibilities as PLDT executives, yet it remains unclear what the compensation is of any senior officer from all Philippine companies not as an aggregate but individually, as is best practiced by companies that believe that Corporate Governance is important? Why was the PLDT Board some of whom are civil servants, specifically the Social Security System Administrator, given a raise and based on simple math, when it is so lucrative for "independent" Board members to attend meetings as they may earn up to US$325,000 conservatively?
8. Why are "independent" Directors at PLDT (NYSE: PHI) (PSE: TEL) allowed to remain for more than a specific period of time?
9. In regards to the Audit Committee at Metro Pacific Investments (PSE: MPI) why is Edward S. Go, still the Chairman of the Audit Committee, when the Corporate Governance Compliance Officer and sole VP, found to be a fraud? Why not also dismiss him for incompetence from PLDT's Piltel Board of Directors.
10. Why does PLDT Global not pay corporate taxes in either the U.S. or Philippines as it is a company incorporated in the Cayman Islands?
11. Why do the by-laws of Philippine Stock Exchange publicly traded Metro Pacific Investments (PSE: MPI); organized in 2006 to replace Metro Pacific Corporation (PSE: MPC) state that Mr. Nugent as he signed it, state that the Corporate Governance Compliance Officer does NOT report to the CEO & President of Metro Pacific Investments and former CFO (PSE: MPI) Jose Ma. K. Lim but directly to Mr. Pangilinan instead of the Audit Committee as would be normally the case?
12. Why does JP Morgan Chase continue to knowingly act as the Transfer Agent for PLDT stock and not have it suspended from the NYSE as it is package through the Philippine Stock Exchange where people can remove documents that may show that they are either grossly negligent or incompetent and destroy them without concern to the worldwide investor?
13. Why wouldn't Philippine citizens expect that Mr. Pangilinan lives up to the standards of U.S. law when he chose to list PLDT and First Pacific on the NYSE and OTC?
14. Why does the Philippine SEC not want to improve the country by following the law and not dictations from the wealthy?
15. Why does the Philippine Stock Exchange allow their Head of Disclosures to post other companies 100 top shareholders through Yahoo Classic Mail, which totally undermines any corporate governance?
16. Why was Mr. Nugent's contract as Vice President and Corporate Governance Compliance Officer not immediately terminated when he took a fiduciary position as Vice President of Ace Saatchi & Saatchi, a Saatchi & Saatchi Worldwide company?
17. Why was Mr. Nugent's contract paid through May 31, 2008, even after it was discovered that he was a fraud and why was it not announced as the 2008 Press Release for FY2007 would include this expense/contract in both 2007 and 2008 fiscal years as First Pacific/Metro Pacific uses the calendar year, so the release or reporting should be included in this year's First Pacific press release as First Pacific publishes all PLDT (NYSE: PHI) (PSE: TEL); Metro Pacific (PSE: MPI) and PT Indofood announcements?
17. Knowing that Ace Saatchi & Saatchi paid out Mr. Nugent's six figure one year contract from November 7, 2007 to November 7, 2008, why would Mr. Pangilinan/PLDT/Smart (including the design and manufacturing of the PLDT DSL bus, not withdraw the estimated P1.2 million in revenue for 2009 from Ace Saatchi & Saatchi do to the appearance of conflict-of-interest or self dealing?
Any questions or comments please feel free to follow me at PinoyPolitico on Twitter or e-mail me directly at lowenjs@gmail.com. You may also choose to speak with me directly at 310.692.0112.
Best wishes,
Jason Lowen
Tuesday, June 2, 2009
PLDT/First Pacific Leading the Charge: Specifically Written For PLDT (NYSE: PHI) (PSE: TEL) Investors, U.S. SEC, U.S. DOJ, U.S. State Re: Pangilinan



Dear Readers:
It is a bit ironic that Manuel Velez Pangilinan is leading the change, when he has continually lied to PLDT (NYSE: PHI) (PSE: TEL) as Mr. Pangilinan was CEO, President & U.S. SEC Principal Executive Officer signing a certification which I will publish on October 5, 2003, when PLDT was still listed under NYSE Arca with stricter governance rules than its current status since January 2007.
In his own Corporate Governance interview found before the 2008-2009 David Nugent Corporate Governance and Massive Fraud Scandal ( a senior executive whom directly reported to Manuel V. Pangilinan at Metro Pacific Investments (PSE: MPI) and whom has now been deleted by the Philippine Stock Exchange as Smart Communications, Inc. (a wholly-owned subsidiary of PLDT) Chief Financial Officer and Senior Vice President of PLDT (NYSE: PHI) (PSE: TEL) Annabelle Chua-Lim, would not protect the institution where she serves on the Board of Directors. The Philippine Stock Exchange is looking at possible downgrading if PLDT is suspended from Level 3 equity trading for U.S. securities violations.
While once a far out proposition, until Manuel Pangilinan chose to cover-up his connection to David Nugent as Chairman and former President and CEO of both PLDT which JPMorgan Chase handles as an ADR, priced at US$40.00 but which is traded on the Philippine Stock Exchange, the same exchange that Metro Pacific Investments (PSE: MPI) is traded on.
Due to Mr. Pangilinan's and the Boards inaction, as I spoke to Metro Pacific's Assistant Vice President for Corporate Communications & Media Affairs Melody Del Rosario, whom apparently did not receive my private e-mail in early April 2008 as I believed that Manuel Pangilinan, after learning that his protege lied about everything, not just citizenship, would have shown the world that the Philippines has made significant progress in corporate affairs as Mr. Pangilinan is a past member of the Board of Governors of the Philippine SEC.
In performing my own 13 month in-depth due diligence, I learned that Manuel V. Pangilinan lied about more than the estimated US$8 billion Metro Pacific Investments, but also about his connection to Wharton School.
I believe that due to the use of his continued lie from 1999-2008, when caught, that he served on the venetable Board of Overseers at Wharton School, University of Pennsylvania, would have impacted educated people to invest in PLDT, as Smart Money, The Wall Street Journal Magazine, touted that PLDT (NYSE: PHI) (PSE: TEL) was one of the 12 stocks that they would bet on for the 2008 year, as they only pick 12 stocks annually for their elite list and chose PLDT as one of two foreign stocks without checking to see if management was being honest.
Wall Street Journal and Smart Money magazine refuse to acknowledge the findings of this blog when corporate Governance associations wer, whom has no significant background in financial affairs and only started a blog as he attempted to contact appropriate Philippine officials, yet they did not care about a key Vice President and Corporate Governance Compliance Officer David Nugent, lying about his citizenship as the officer was not a Philippine citizen at the start of his employment as he stated and signed. He also never graduated from any university attending San Francisco State University and American University where he defrauded the United States Department of Education Financial Aid (FAFSA) and loans of US$34,000 from 1994-2006, dropping out in his junior year and never paying US$1.00 to cover his loans, while he moved to New York City, and made over US$100,000 annually in 1999.
Mr. Nugent also was involved in an elaborate scheme to defraud the Unemployment Department of the State of New York by having his final employer Nadel Phelan, Inc., whom hired Mr. Nugent in New York City and then paid for him and two others to live in a three bedroom house in Santa Cruz, CA, USA. Santa Cruz's District Attorney cited Mr. Nugent for check fraud in 2002.
Mr. Nugent, a swindler and criminal, changed his legal address to be the offices of Nadel Phelan, Inc. in Mountain View, CA. He flew to New York City as Nadel Phelan, Inc., was paying him using the New York payroll as he was not in California for more than two years.
Mr. Nugent established an account at HSBC in New York City, due to the ability to control the account and get money traansferred more easily through HSBC Philippines where he used Metro Pacific Corporation's e-Bank to launder the money. Mr. Nugent asked Operations Executive Lisa Christensen (contact: lisa@nadelphelan.com)
to have all unemployment checks sent to his former office and Ms. Christensen, knowingly violated state and federal law by signing that Mr. Nugent was still unemployed and looking for work in the United States. Ms. Christensen would collect approximately three checks at a time and send them to HSBC New York through the U.S. mail to be deposited in Mr. Nugent's account.
Mr. Nugent applied for extended insurance due to the tragedy of September 11, 2001 and enhanced unemployment and had Ms. Christensen continue to mail checks to HSBC, after Mr. Nugent was employed by what he stated was "PLDT" and which many Filipinos believe he worked for when as gatekeeper for Manuel Pangilinan, the lines are blurred due to his many hats.
Several things are clear, that as First Pacific owned the largest share of PLDT and 98% of Metro Pacific Corporation and Ambassador Albert F. del Rosario, was a member of the Board of PLDT and First Pacific since 2003 including running PTIC, a 100% owned subsidiary of First Pacific which Manuel Pangilinan was the Executive Chairman and is now Principal Executive Officer, CEO, Executive Director & Managing Director the following legal questions should be raised by the United States Securities & Exchange Commission.
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1. Why is First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY) owners of 30% of PLDT (NYSE: PHI) (PSE: TEL) yet they are not a Level 3 ADR?
2. Why did Mr. Pangilinan knowingly lie in his October 17, 2003 Annual Report to Investors as Principal Executive Officer of PLDT then listed under NYSE Arca, about the following incorrect statements:
A. Mr. Pangilinan repeatedly claims to have been on the venerable Wharton Board of Overseers (which he has now had rewritten as this blog outed his lies) from 1999-2008, including last summer as keynote speaker for his Philippine undergraduate university Ateneo, using the Wharton logo. Mr. Pangilinan has made this a key credential for the U.S. public to trust him from 1999-2008 even though had they checked on the Wharton website Manuel Pangilinan has not been on the Board since at least 2004, if at all. While he was noted in a Wharton international piece in an alumni newsletter, it is unclear whether this was due to a donation, and in all honesty, he is one of the few Philippine alumni of Wharton whom runs almost US$65 billion in assets. He has made PLDT too big to fail and it would be improper for the U.S. to bail out the company, as the SEC, has never probed into what First Pacific Company Limited, a Bermuda LLC, with registered offices in Hamilton, Bermuda, and headquarted in Hong Kong listed on the Hang Seng and I believe if they study the transactions, they will find that First Pacific Company Limited is too active to be a Level 1 OTC ADR.
B. Why is the current CEO & President of PLDT and of Smart Communications, Inc. Napoleon Nazareno's salary paid by Smart Communications, Inc. instead of by PLDT? Why is PLDT Global, listed in Los Angeles, CA and a wholly owned subsidiary of PLDT listed as being incorporated in the Cayman Islands?
C. This may be for the United States Department of Justice and United States Department of State or whomever gives foreign aid to either Indonesia or the Philippines as First Pacific Company Limited, is worth much more than stated and it's former Chairman and current Board Advisor is Soedeono Salim (Liem), including the Djuhar family and to a larger extent Benny S. Santoso, whom are all on the First Pacific Board as is former Ambassador of the Philippines to the United States and wealthy Philippine businessman, whom according to U.S. SEC documents has been the Authorized Agent and Director for First Pacific Company Limited working with the Bank of New York Mellon in 2006 to restructure First Pacific.
As PLDT is a part of First Pacific and as Ambassador del Rosario has been on the Board since 2003, was the investigation launched by the United States Department of Justice regarding PLDT/Smart Communications, where Ambassador del Rosario represented Philippine President Gloria Macapagal-Arroyo as Ambassador and the Board of PLDT and Board of First Pacific. The larger question is whether any transactions were made as Ambassador del Rosario had multiple conflicts as a significant investor in PLDT and PLDT Beneficial Trust which has just bought a large part of Meralco? Was insider trading conducted during the investigation and due to the time difference did Ambassador del Rosario trade options of PLDT through ADR Holdings or anyone of dozens of subsidiary shell companies like Larouge B.V. of the Netherlands Antilles or First Pacific Investments Limited of Liberia or of the British Virgin Islands, which is the vehicle where the stock of First Pacific Co. Ltd. may be currently parked.
In conlusion, I strongly believe that Indonesia is following the Philippines government 'democracy' model while the Philippines is following the Indonesian model in which Soedono Salim whom was given the best contracts in Suharto's Indonesia and whose brother-in-law is an Advisor to the Board and former Board member of First Pacific Company Limited.
Many thesis presentations have concluded that Suharto family members serving on Boards were given the best contracts and the Liem/Salim Indo-Chinese family was the greatest beneficiary of Indonesian money stolen from the Treasury.
It is impossible to understand where Manuel Pangilinan would get such large sums of cash. I believe that Manuel Pangilinan, whom wants to be part of the American system including its rules and regulations, must be held to the same standard as Ernst & Young of both Hong Kong and Sycip Gorres Velayo & Company Ernst & Young could not perform a basic US$10.00 credit check before approving David Nugent to head Metro Pacific's Corporate Governance Compliance, which has been deleted from even the 2006 Glossy Report to Investors (http://www.mpic.com.ph) also (http://www.firstpacco.com)
I implore the U.S. SEC to realize that there are major issues in keeping PLDT listed in its current form on the NYSE with options due to structural failures including Sarbanes-Oxley issues prior to listing only on NYSE.
I plan to send this blog post reformatted to you hopefully within the next two weeks as I have reached out extensively but to no avail to PLDT and First Pacific as I lived in the Philippines from 2003-2004 and was Senior Counselor to First Pacific's Metro Pacific, not learning about the theft, nor participating in any theft as Mr. Nugent, whom forced my hand in starting this blog, as the Philippines has a horrible firewall in getting information to officials.
I give to Kiva.org to fund microcredit loans to impoverished Philippine farmers and store owners, as it is backed by the Clinton Global Initiative and for the US$75.00 that I have loaned I would understand if there was a partial default, but Manuel V. Pangilinan cannot chose when he will be part of the international business community when he capitalizes PLDT on the NYSE today with the ability for global investors to purchase options on the NYSE.
The PLDT Annual Reports never mention First Pacific Company Limited or Metro Pacific Investments yet they are key to PLDT.
Thank you for reviewing this blog. On a personal note, I recently disclosed some personal details, as my blog audience is a mixture of people and while my blog has been internationally recognized for Corporate Governance it was important for me to make a statement in how I came to be involved in the Philippines, which is relatively secret at the 'corporate elite' level.
I am glad to provide e-mails detailing the fraud committed against the State of New York by Mr. Nugent and Ms. Christensen of Nadel Phelan, Inc. (http://www.nadelphelan.com)
Best wishes,
Jason Lowen
I may be reached at 310.692.0112 or by e-mail at lowenjs@gmail.com I may also be found at
http://www.twitter.com/pinoypolitico as I plan to be involved due to my unique knowledge in the 2010 Philippine Presidential elections, even though both myself and my family have received specific death threats and based on another foreign-based blogger, the Philippine government has taken action that may seem to be odd using their diplomatic posts for personal/political/financial reasons, which is verifiable based on Australian major regional news.
Could this be close to Worldcom? As my gut tells me that something is not right with having so many subsidiaries in known tax and anti-investors countries. If PLDT was not listed on the NYSE with options this would be not as important.
NEXT BLOG: DISCLOSURE REGARDING PLDT BENEFICIAL TRUST (IS IT AVAILABLE FOR REVIEW? HOW? WHY IS IT MIXED UP WITH FIRST PACIFIC COMPANY LIMITED (HKEx: 0142) (OTC: FPAFY) OWNED PRIMARILY BY SALIM/SANTOSO/DJUHAR INDONESIAN FAMILES.
Saturday, May 30, 2009
U.S. SEC: Please Issue Notice to NASD Brokers as Inaction Regarding Listing First Pacific Company Ltd ADR as "BERMUDA CO. WITH LIMITED LIABILITY"

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First Pacific Company Limited is listed on the Hong Kong Stock Exchange & Clearing House (Hang Seng) and is listed as "available as an Over the Counter ADR in the United States.
1. I have spent considerable personal time attempting to get TD Ameritrade Apex (including digital letters to their Customer Service); Reuters Thompson public relations department and then editorial attempting to have action taken to at least allow purcharsers of First Pacific Company Limited ADR's to be listed as the First Pacific website states in small letters, as they are a "COMPANY REGISTERED IN BERMUDA WITH LIMITED LIABILITY."
2. While the United States Securities & Exchange Commission under Commissioner Cox and the Bush administration was seemingly unable to understand nor wanted to investigate as it involved an Ambassador of the Philippines to the United States of America and did not know if this could also be a United States Department of Justice issue or a U.S. State Department issue, as His Excellency Ambassador Albert F. del Rosario, is the Authorized Agent and on the Board of Directors of First Pacific Company Limited (HKEx: 0142) (OTC: FPAFY) as it is primarily owned by the Salim Group or "Liem Investor" and owns over 30% of PLDT (NYSE: PHI) traded as a regular big board equity with options, but traded on the Philippine Stock Exchange overseen by a very weak Philippine SEC. PLDT owns 20% of Meralco and First Pacific through its 98%-owned Philippine subsidiary Metro Pacific Investments (PSE: MPI), formerly, until major reorganization and material changes in 2006 and 2007.
First Pacific also owns an option to buy 10.8% more shares in 2009 in Meralco directly or through Philippine Constitutional shell company Metro Pacific Investments formerly Metro Pacific Corporation (PSE: MPC) through 2006.
3. First Pacific Company Limited is run by PLDT Chairman of the Board, Chairman of the Nomination & Corporatwe Governance Committee and Chaiman of the Strategy Technology Committee for PLDT (NYSE: PHI) sold as an ADR using JP Morgan Chase but managed at PLDT Tower in Makati City, Philippines.
4. I can show that in fact First Pacific must be more closely monitored by the United States Securities & Exchange Commission as it may be worth closer to US$80 billion in controlled proxies and assets between PT Indofood, PLDT, Metro Pacific and its many hidden assets in Cayman Islands. First Pacific's CEO & Managing Director is PLDT, Metro Pacific Chairman Manuel Pangilinan, also listed as an Executive Officer of PLDT.
I look forward to hearing from the U.S. Securities & Exchange Commission, U.S. Embassy of the Philippines to the United States, U.S. Department of State for Southeast Asian Affairs, World Bank, IMF, Philippine government (although I have waited for over one year to hear from a competent private or public sector individual).
I have stayed from 2003-2004 in Makati City, Philippines and have had access to the PLDT management.
Best wishes,
Jason Lowen
U.S. taxpayer
310.692.0112
lowenjs@gmail.com
You may follow me on Twitter at PinoyPolitico as it is easier apparently than using SMS messages as I only receive the most basic text messages as Twitter converts them.
Friday, May 22, 2009
Saatchi & Saatchi Asia Pacific's Lack of Basic Due Diligence in Hiring VP of New Business, Spending Appx. US$300,000 Should Not Pass on Costs to Amway
Please click on photo to enlarge, as my credibility, is valuable to me and while I will not enclose a personal friendly e-mail from BBDO Asia founder Martin Lindstrom, whom I had no idea was even with BBDO, as I met him in the first class section of a plane and he gave me a copy of one of his books. As I have mentioned, I was prescribed in 2003-2005, which I now know was inappropriate at best, from a well-meaning doctor. Always get a second opinion and trust your gut over anything else before starting medication that has now cost the drug industry up to US$6 billion and since I know that this specific blog will get more attention, I wanted to advise readers of this news.
While former Vice President of New Business Development Services and Corporate Director David Nugent, formerly Vice President & Corporate Governance Compliance Officer reporting directly to PLDT/Metro Pacific/First Pacific Chairman and/or CEO (all publicly-traded companies, mainly traded on the 'developing country status' Philippine Stock Exchange, yet traded in the case of PLDT as a big board equity (NYSE: PHI) (PSE: TEL), all company's run by Manuel Velez Pangilinan, whom either asked external auditors Ernst & Young of both the Philippines and Hong Kong to lie, or knowingly used the Boards internal audit committee, to defraud investors through omission or fraud for any and all company's that are run by Manuel V. Pangilinan and whom has been misleading investors for years. Sadly, he trusted as his protege not his educated PLDT staff but massive corporate fraud David Nugent, based I believe on the constrictive environment, as a closeted gay man, which is an open secret at best in the Philippines.
Advertising is not about lying, it is about presenting your clients' brand in the best possible position within the market. It is a sign of leadership that I was searching for from Vice Chairman and CEO Matt Seddon and Chairman Arthur Young whom has by not checking out Mr. Nugent opened itself to litigation as Saatchi & Saatchi is owned by publicly-traded Publicis Groupe, which owns J. Walter Thompson, for which Mr. Seddon was formerly Vice Chairman and CEO in the Philippines prior to his move to revive Ace Saatchi & Saatchi as part of Saatchi & Saatchi Worldwide CEO and 'visionary' Kevin Roberts.
Mr. Seddon is successful for his new business acumen having also served as CEO & President of Saatchi & Saatchi Malaysia. For those whom know me well, they may think that I am blowing up something for personal validation, when I had attempted to handle this via a letter to specific people like former Ace Saatchi & Saatchi President, whom was scheduled to step down, Rey Isaacs and by contacting Sara Cheung, Vice President, Investor Relations, First Pacific Company Limited and the Philippine SEC, Philippine DOJ, Philippine Stock Exchange, Heng Seng, whom did not trust facts. I sent my material to selected business journalists like Manila Standard Today's award-winning journalist Vic C. Agustin, whom slammed me in the press but this not being about me also connected David Nugent to companies still using Ace Saatchi & Saatchi. Ace Saatchi & Saatchi spent almost US$300,000 to clean up its mess and during this time of recession, I do not believe that Amway China or other Saatchi & Saatchi clients (as ultimately the organization will not eat the cost, but pass it onto clients such as Amway China, Mead Johnson Nutritionals, Lexus, Procter & Gamble's Pampers or Toyota, just a few Ace Saatchi & Saatchi clients, some which are clients of Saatchi & Saatchi Worldwide, like P&G, MJN, Toyota and Lexus.
(For full disclosure: I worked for Porter Novelli, Weber Shandwick Worldwide and Rogers & Cowan, as well as for First Pacific, for which I was offered and refused US$100,000 once PLDT saw the damage to its reputation by this blog. It meant to me that I was on the right track. I have also received numerous real death threats against myself and even my mother, Etiennette Lowen, whom was told "to take a different route on the way to Sports Club/LA from her Brentwood, CA home in the morning." (An Australian blogger actually had the Philippine Consular officers and Australian police show up at his home, before he fled to his native Ontario, Canada).
I would like to know though if it will be necessary to contact Eva Cheung or whomever is running Amway China, to launch another request for proposal. I am certain that the Amway account is much larger than the very small 2009 projections of SM Investments.
Please do not charge Amway China or Alticor Marketing or specifically the up to US$300,000 that Mr. Nugent has cost Saatchi & Saatchi which chose to honor his contract even though he was still under contract until May 31, 2008 as VP/CGO for Metro Pacific/First Pacific according to public filings, that quickly disappeared from the Philippine Stock Exchange during the Manuel Pangilinan, Ambassador del Rosario, Audit Committee Chairman, former Hyundai executive Edward S. Go and Independent Board member of Piltel, a majority owned (up to 100% in 2009) of PLDT/First Pacific. Please ask the people whom failed to independently run a $10 credit check on David Nugent and was not informed by First Pacific that its New Business VP was still under contract by MPIC/FPC.
In my opinion please add it the up to US$300,000 cost to the PLDT/Smart account as extra fees for the DSL bus, as Saatchi & Saaatchi still have the press release with David Nugent's contact details on it's worldwide website, even after sending the information to Ace Saatchi & Saatchi PR Director and longtime ABS-CBN reporter Charo Logarta, whom has no apparent PR skills, but which Saatchi named to lead its PR department.
Nutrilite is a good brand and Carl Rehnborg, founder, Nutrilite Products would not deserve for Kevin Roberts and Saatchi & Saatchi Worldwide to shame the country where he developed the concept for Double X, the first multivitamin/multimineral food supplement in the world. Tip: Have the Saatchi China team actually start taking Double X. While it is unreasonable for Saatchi Philippines VP & Account Director Beng to drink some DHEA childhood development formula from Mead Johnson Nutritionals in the Philippines, Double X is part of the Nutrilite brand and story.
I honestly had no clue whom Martin Lindstrom was except an author of a book, and a nice fellow, whom seemed to have tapped into the tween market. I thought it may former Alticor and Nutrilite colleagues and friends as I am still friends with at least four employees, one whom will work in Ada, MI for life as Amway is a good company to their employees, a company that cares not only about best practices in manufacturing product but understands that retention of employees is a benefit and when they must down-size they are extremely generous and supportive. I have an electric group of friendly-acquaintances, but am not looking for fortune or fame, only justice, as a minority shareholder of First Pacific and former Authorized Agent of First Pacific's 98% subsidiary Metro Pacific Investments (PSE: MPI) and which control PLDT (NYSE: PHI) (PSE: TEL) as Manuel Pangilinan is CEO & Managing Director of First Pacific and executive Chairman of PLDT.
Wednesday, May 20, 2009
Let's Agree On an Independent U.S., non-Asian related, due to perception, Independent Audit from 2001-2008 Calendar Years for Transparency
Perfect example of tip of the iceberg. Both PriceWaterhouse Coopers & Ernst & Young of Hong Kong and the Philippines never checked out David Nugent. Do you know why it is starred? Because I attempted to do this privately. Sadly, Southeast Asia loves to air their dirty laundry to the world.
One of my key arguments in my appendixes to a certain Senior Counsel to House Banking which will then get to the U.S. SEC after being reviewed by friends whom find it disgusting that David Nugent stole money from the U.S, government and collected unemployment insurance from the State of New York Unemployment Insurance fund including special 9/11/2001 affected job benefits when Mr. Nugent admits to a United Nations representative that he was employed at PLDT (NYSE: PHI) (PSE: TEL) then still on through 2007 NYSE Arca, why PLDT should not be a pink sheet listed company, as I am certain as PLDT Chairman and former CEO & President and his Boards have deleted the 2006 and 2007 data about David Nugent as he was never screened, and it shows that Manuel Pangilinan and any matching board members also on the First Pacific board or Metro Pacific Holdings, Inc. (to include Ray Espinosa) are either negligent or incompetent both offenses which should result in immediate relief from all posts within First Pacific and PLDT.
All I want is for the U.S. branch of Deloitte that have no Asian relatives (as it gets into family issues) and concerns of safety to independently audit all First Pacific/Metro Pacific/PLDT books including biographies from 2001-2009. Why is this such a fight if there is nothing to hide.
Best wishes,
Jason Lowen
I cannot receive SMS texts, only plain texts or through Twitter
lowenjs@gmail.com
2009 All Rights Reserved, U.S. Trademark #1408078, for all work
One of my key arguments in my appendixes to a certain Senior Counsel to House Banking which will then get to the U.S. SEC after being reviewed by friends whom find it disgusting that David Nugent stole money from the U.S, government and collected unemployment insurance from the State of New York Unemployment Insurance fund including special 9/11/2001 affected job benefits when Mr. Nugent admits to a United Nations representative that he was employed at PLDT (NYSE: PHI) (PSE: TEL) then still on through 2007 NYSE Arca, why PLDT should not be a pink sheet listed company, as I am certain as PLDT Chairman and former CEO & President and his Boards have deleted the 2006 and 2007 data about David Nugent as he was never screened, and it shows that Manuel Pangilinan and any matching board members also on the First Pacific board or Metro Pacific Holdings, Inc. (to include Ray Espinosa) are either negligent or incompetent both offenses which should result in immediate relief from all posts within First Pacific and PLDT.
All I want is for the U.S. branch of Deloitte that have no Asian relatives (as it gets into family issues) and concerns of safety to independently audit all First Pacific/Metro Pacific/PLDT books including biographies from 2001-2009. Why is this such a fight if there is nothing to hide.
Best wishes,
Jason Lowen
I cannot receive SMS texts, only plain texts or through Twitter
lowenjs@gmail.com
2009 All Rights Reserved, U.S. Trademark #1408078, for all work
Saturday, May 16, 2009
Philippine & Indonesian Poverty: U.S. Taxpayers Own Citibank & JPMorgan Chase: Stop Citibank Meralco Deal & Irony of GG Fallout and Lopez/MVP
Here is an issue that the U.S. taxpayers may want to pay attention to as it involves our shares in Citibank, N.A. Currently, Meralco, which is the main electric company in the Philippines is waging a proxy battle between First Pacific/PLDT Chairman Manuel Pangilinan, whom is funded by money from the theft of Indonesia's former dictator Suharto and his cronies, most specifically, best friend from the days in the Indonesian army Indo-Chinese founding Chairman of the Board of First Pacific Soedono Salim.
The elder Salim (whom also goes under the Chinese name of Liem, as the "Liem Investor" is the largest individual shareholder of Hang Seng and U.S. publicly-traded First Pacific Company Limited as was realized during a massive reorganization in 2006, in which ego-driven Manuel Pangiilinan, flaunted his ability to get away with anything, by promoting during a material transaction involving outside external auditors Ernst & Young of Hong Kong, Bank of New York Mellon (receives U.S. taxpayer funds) naming his First Pacific/Metro Pacific/Indofood Vice President swindler and thief of U.S. Department of Education funds and New York Department of Unemployment Insurance, wired to Mr. Nugent with the help and support of former employer Nadel Phelan, Inc., a full-service marketing communications agency with offices in New York City, NY and Mountain View, CA, USA.
Mr. Nugent whom turned out to have stolen money (including all earnings through misrepresentation to the Philippine Stock Exchange, the same exchange that includes Meralco and New York Stock Exchange-listed (NYSE: PHI) handled as a foreign ADR/ADS by JPMorgan Chase (also funded by U.S. taxpayers). As the Philippine Constitution, whose movement to change it is being backed by Manuel Pangilinan, as currently Philippine public utilities must be owned and controlled by Philippine citizens and the second generation of Salim's, Anthoni Salim, Chairman of First Pacific Company Limited (HKEx: 0142) (ADR: FPAFY) is smart enough to know how to make PLDT profitable, as is obvious in that the Principal Executive Officer, CEO & President of PLDT (NYSE: PHI) (PSE: TEL) is listed in the United States Securities & Exchange report for 2008 as being paid by wholly-owned PLDT-subsidiary company Smart Communications and not by PLDT, except for excessive Board fees in the US$300,000 range (and this is in the Philippines, not the United States, Canada, Australia, Geneva (where the Philippine "Trade" Representative is located) or Saudi Arabia.
copyright 2008-2009 All Rights Reserved Jason Lowen, please see Gucci case link above. Sometimes you must wait for Karma.
The elder Salim (whom also goes under the Chinese name of Liem, as the "Liem Investor" is the largest individual shareholder of Hang Seng and U.S. publicly-traded First Pacific Company Limited as was realized during a massive reorganization in 2006, in which ego-driven Manuel Pangiilinan, flaunted his ability to get away with anything, by promoting during a material transaction involving outside external auditors Ernst & Young of Hong Kong, Bank of New York Mellon (receives U.S. taxpayer funds) naming his First Pacific/Metro Pacific/Indofood Vice President swindler and thief of U.S. Department of Education funds and New York Department of Unemployment Insurance, wired to Mr. Nugent with the help and support of former employer Nadel Phelan, Inc., a full-service marketing communications agency with offices in New York City, NY and Mountain View, CA, USA.
Mr. Nugent whom turned out to have stolen money (including all earnings through misrepresentation to the Philippine Stock Exchange, the same exchange that includes Meralco and New York Stock Exchange-listed (NYSE: PHI) handled as a foreign ADR/ADS by JPMorgan Chase (also funded by U.S. taxpayers). As the Philippine Constitution, whose movement to change it is being backed by Manuel Pangilinan, as currently Philippine public utilities must be owned and controlled by Philippine citizens and the second generation of Salim's, Anthoni Salim, Chairman of First Pacific Company Limited (HKEx: 0142) (ADR: FPAFY) is smart enough to know how to make PLDT profitable, as is obvious in that the Principal Executive Officer, CEO & President of PLDT (NYSE: PHI) (PSE: TEL) is listed in the United States Securities & Exchange report for 2008 as being paid by wholly-owned PLDT-subsidiary company Smart Communications and not by PLDT, except for excessive Board fees in the US$300,000 range (and this is in the Philippines, not the United States, Canada, Australia, Geneva (where the Philippine "Trade" Representative is located) or Saudi Arabia.
I mention the Kingdom as they as well as Qatar are being wooed by the current President of the Philippine Gloria Macapagal-Arroyo, whom I personally know from my long visits and as a Consultant (the billionaires break their word in the U.S. as they are judgment proof as First Pacific Company Limited is incorporated with Limited Liability in Hamilton, Bermuda. (I spent four months or so begging Reuters and anyone else whom would listen including TD Ameritade Apex and Fidelity Investors both which I have personal accounts (or maybe had as they may cancel them after this story is publicized as I have a friend at Newsvine whom will also publish this and has a decent reputation (J. Preysler), as this blog has been banned in the Philippines by the Philippine government using their filters as my blog, is about finance, while not sexy, unlike the soon to be sued "Gucci Gang" founder as I am an equal opportunity governance activist.
I have contacted Gucci's publicly-traded parent company to go after the reckless Manila Standard Today, ABS-CBN, Philippine Daily Inquirer (how ironic as the Meralco proxy fight would never have taken place, had the Lopez family actually hired decent international lawyers. Have you ever thought that Brian Gorrell was a set up as he got back his money and while Manuel Pangilinan was slamming the Lopez family in the United States, the Lopez family name was being slammed by somne silly social elite it the Philippines. Nothing is by chance, everything is exploited in the Philippines, why did President Estrada have such a long trial, only to be pardoned, to distract the Philippine middle class, another soap opera?
Gucci already won significant damages against the ISP and with a Gucci store in the Philippines, while the actions of the General Manager, will probably end up with her resignation, as Gucci's brand has been damaged. The Lopez family could have hired Skadden Arps or a dozen firms to put together an injunction in Hong Kong filed against Brian Gorrell, but the Philippines loves their soap operas more than changing their country, as English is the business language, but so goes the Philippines. More to come I have to get this off to Julio Preysler to issue a statement.
I too get tired of chatting about business as the wheels move slowly. This never had to be public, but I guess that Manuel Pangilinan is as hard-headed as his protege and Ace Saatchi & Saatchi VP and Betty Sy's best friend David Nugent. He will destroy your country, just watch.
Best wishes,
Jason Lowen
lowenjs@gmail.com
310.692.0112 (USA) Follow Me on Twitter
copyright 2008-2009 All Rights Reserved Jason Lowen, please see Gucci case link above. Sometimes you must wait for Karma.
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