Huge dreams and projects require a solid foundation. BSCP is the organization that is accredited by POC and WPA -- according to its legal existence, they are subject to being seen as fly-by-night.
BSCP IS NOT REGISTERED IN THE SECURITIES AND EXCHANGE COMMISSION!
To undertake a $500,000.00 tournament with such flimsy legal documentation is admirably bold and underhandedly wise. In case of any kind of default, who will be answerable? A non-existent company? Under the law, they cannot even open a bank account under BSCP because the banks will require SEC papers.
These are not lies. Search the Philippine Securities and Exchange Commission yourself.
1] Billiards and Snooker Congress of the Philippines (BSCP) is not registered in the Security and Exchange Commission (SEC) of the Philippines. Although they have an explanation in their outdated website that they are working on it, the fact is that they are not a duly registered organization in the Philippines.
2]BSCP is wrongfully accredited as a National Sports Association under the Philippine Olympic Committee. This makes everything dubious and questionable as BSCP is a fictitious name.
3] BSCP is wrongfully accredited by APBU and WPA. This makes everything dubious and questionable as BSCP is a fictitious name.
4] Raya Sports and Events is not registered in the Security and Exchange Commission (SEC) of the Philippines according to the SEC i-search website. If Raya Sports is a small-time single proprietorship, they should be in the Department of Trade and Industry website but they are nowhere to be found! And even if it is a registered single proprietorship, it is doubtful that the owner of this business can vouch for $500,000.00 to give away if anything happens to his sponsors.
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After all, I stand corrected. There is no conflict of interest in Makabenta's being Chairman of BSCP and President of Raya Sports. ... only because BSCP is legally non-existent.
Governance, members and shareholders -- big hullabaloo are all ghost characters.
We do not need hullabaloo BSCP statements that you make. We need explanations about your existence. We know that you can do it... give it a shot... maybe we will believe you.
BSCP IS NOT REGISTERED IN THE SECURITIES AND EXCHANGE COMMISSION!
To undertake a $500,000.00 tournament with such flimsy legal documentation is admirably bold and underhandedly wise. In case of any kind of default, who will be answerable? A non-existent company? Under the law, they cannot even open a bank account under BSCP because the banks will require SEC papers.
These are not lies. Search the Philippine Securities and Exchange Commission yourself.
1] Billiards and Snooker Congress of the Philippines (BSCP) is not registered in the Security and Exchange Commission (SEC) of the Philippines. Although they have an explanation in their outdated website that they are working on it, the fact is that they are not a duly registered organization in the Philippines.
2]BSCP is wrongfully accredited as a National Sports Association under the Philippine Olympic Committee. This makes everything dubious and questionable as BSCP is a fictitious name.
3] BSCP is wrongfully accredited by APBU and WPA. This makes everything dubious and questionable as BSCP is a fictitious name.
4] Raya Sports and Events is not registered in the Security and Exchange Commission (SEC) of the Philippines according to the SEC i-search website. If Raya Sports is a small-time single proprietorship, they should be in the Department of Trade and Industry website but they are nowhere to be found! And even if it is a registered single proprietorship, it is doubtful that the owner of this business can vouch for $500,000.00 to give away if anything happens to his sponsors.
===============================
After all, I stand corrected. There is no conflict of interest in Makabenta's being Chairman of BSCP and President of Raya Sports. ... only because BSCP is legally non-existent.
Governance, members and shareholders -- big hullabaloo are all ghost characters.
We do not need hullabaloo BSCP statements that you make. We need explanations about your existence. We know that you can do it... give it a shot... maybe we will believe you.
