Plan, plan and plan some more

QUESTION: Is Stonewall Central a better name for the property?
UPDATE (click): 2012 Audited Financial Statements
UPDATE (click): 2013 Annual Meeting packet
UPDATE (click): 2013 Special Meeting packet

AUDITED FINANCIAL STATEMENTS ANALYSIS 2009-2012 (click): A CPA analysis of SOHO Central Condominium Corporation's Audited Financial Statements

The Fantasy Vision

Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.









And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.

Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.

Tuesday, December 17, 2013

Illegal Appointed Board members?

Illegal Appointed Board members?


http://sc.judiciary.gov.ph/jurisprudence/2009/september2009/151969.htm

http://www.philippinelegalguide.com/2011/06/corporate-law-case-digest-valle-verde_1734.html...

It would appear that all Directors appointed by holdover Directors are illegal. I asked someone to please confirm that these links are appropriate and if I am reading this correctly. If so, then possibly five of the Directors on our Board are there illegally.

I had asked what if the Board cannot reach quorum what would happen with elections. I was told that the HLURB may intervene and allow a non-quorum body of Unit Owners at an annual meeting or special meeting to elect. Further, let me suggest that if the entire Board leaves or is left with one legal member then as I was told the corporation goes into receivership especially when the entire board leaves. Then HLURB steps in appoints an interim Board until an election is held.

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