In one of the nego on a property besides our property, it was frequently mentioned that a former good senator now a head of vast business empire and reputed to be the richest Filipinos (before his accounting shenigan was discovered by a regulatory body of a public corporation) that that guy was going to buy that property this December.
This post mentioned to the one brokering the deal to stop talking to us if they are concluding the deal with the said good senator.
Now we know that such former senator whose stocks are suspended from trading would have dearth of liquidity. He built many parks, inflated the inventory price for the accounting hyper increase in valuation. But we are not sure of the inflow of sales. His retail outlets are said to be behind payments and paying suppliers in kinds: inventories. Could this be sign of liquidity challenges?
This post thought him to be the icon for entrepreneurship for a course being taught by the author (as prescribed in the syllabus) but eventually omitted him subsequently. He used creative techniques crossing the line to further his business (married a rich wife, used political clout to learn of future highways and buying into the same or causing highways to pass into his landholdings - that saved him billions in infrastructure; or having take outs in housing financing WHEN OTHERS GOT 0)
Can he enter, or will he enter into a deal now.?
And now we were asking for updates if their sales has pushed through and they say it is a big 0.
Did we see through the scam? Or the good fmer senator scammed the public for superhigh valuation of his VL stocks?
Was this strategy a wise move for the said land seller? Did it not backfire on him? Would he offer his land again to us?
