Cebu Pacific lost ₱24.9-B in 2021

[ignissus]

@tanglewood The REIT Law is INCREDIBLY PERMISSIVE.

DoubleDragon can spend the money on anything involved in real estate that is income-generating, or could become income-generating, or in infrastructure projects. The only "limitation" is that it must be in projects/companies that are in the Philippines.

No sponsor is required to support its REIT. It's theoretically possible for a sponsor to "birth" the REIT in an IPO, and then never do anything to/with the REIT ever again.

That's why, for me, it's so important to see the REIT and Sponsor working together well.

That doesn't appear to be the case here with DDMPR.

 

[tanglewood]

@ignissus Thank you for your patience in answering my queries.

 

[tonialvarez]

@ignissus

PAL gets a passing grade on the accuracy of its financial statements, but the auditor still thinks that “material uncertainties exist that may cast significant doubt on the Group’s ability to continue as a going concern”

Paano nangyayari na passing grade pero there are uncertain things that threaten PALs viability as a business?

 

[ignissus]

@tonialvarez The auditor isn’t there to tell us it’s a good business, it’s there to reasonably assure us that what PAL is telling us about its finances is accurate within reasonable parameters.

 

[lamb7]

@ignissus Welcome back sir! Hope you are feeling better. Stay safe!

 

[ignissus]

@lamb7 I am feeling better, thanks for asking!

I'm no longer taking 5 minutes to write a sentence, so that's a great feeling..

 

[cloudysky]

@ignissus welcome back MB! it's good that you recovered well and no ill effect sa family

 

[jcarolina]

@ignissus Kaya pala puro scam offers na binibigay nila para sa domestic flights lol

 

[killnight]

@ignissus Glad you're back, sir. Always a pleasure!