Feb 02c - Jeff

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Jefferson Gomez 800 to 12

1 share for P200 or 2 shares for P300 highest bidder?


- the 1 share for P200 is the highest bidder highest amount for
the least number of shares
How should the delinquency sale be conducted?
- not less than 30 days but not more than 60 days from the date
the stocks become delinquent
- published once a week for 2 consecutive weeks in a newspaper
of general circulation in the province or city where the principal
office of the corporation is located
What is the purpose of publication?
- promote sales so that other interested parties may be given the
opportunity to bid, participate in the bidding
How are certificate of stocks are transferred?
- by endorsement plus delivery

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