Mismanagement v.s. Proper Share Value – DO

The numerous mismanaged committees of Southwoods are costing the general memberships several millions of pesos more each month than what is normally needed to operate our club and this type of mismanagement is exactly the reason why our share value are below Php-200,000.00 now and is still sliding down until we remove the control of the board by Fil-Estate Group. FYI, in the recent concluded 2009 Election, the Chairman was asked why our share values are so low and the Chairman put the blame on geographic location and the temporary on-going construction of the Sucat-Alabang Skyway that is causing prices to come down. Irked by this fallacy; Mr. Butch Campos, whose family are the owners of vast properties all around Southwoods stood up and volunteered to the Chairman, the fair market value of real estate properties around Southwoods that should put our share values at 1.5 Million if Manila Southwoods were managed properly. The Chairman did not refute the facts presented to him.