Good morning fellow investors. Sorry natagalan. Busy. Will update soon. Sale ang market! 
Good luck!
STOCK ALERT
May 18, 2022
Yesterday, social media was abuzz with BIR ordering the closure of Megaworld.
Because many of us own MEG shares, some members were calling, asking what was that all about.
Answer: There is nothing to worry about.
In fact, after the news-induced panic, shares of MEG actually went higher.
Hereβs the official statement from Megaworld:
MEGAWORLD
OFFICIAL STATEMENT
May 18, 2022
Records with the BIR will confirm that Megaworld has no outstanding or unpaid past tax liabilities needing any enforcement action. It is being regularly audited by the Large Taxpayers Service of the BIR, and all its tax returns up to taxable year 2020 have been examined, and all previous deficiency assessments have already been paid for by the company and duly cleared by the BIR.
Megaworld has not received any closure order duly approved by the Commissioner of Internal Revenue.
There was an initial disagreement with the BIR Regional Office 8-B after we raised some issues with regard to their jurisdiction on conducting tax audit of some of our properties, but the matter has been clarified and resolved yesterday.
For pending tax audits, the company continues to maintain its stance of full cooperation with the tax authorities in accordance with their mandate to collect badly needed revenues for the Government. ###
This is a good reminder to tell everyone:
For your stock market investing, please avoid acting on news spread in social media. Please listen only to official sources.
We in the TRULYRICHCLUB will always be here for you!
May you become truly rich,
Bo Sanchez
Good luck! STOCK ALERT
May 18, 2022
Yesterday, social media was abuzz with BIR ordering the closure of Megaworld.
Because many of us own MEG shares, some members were calling, asking what was that all about.
Answer: There is nothing to worry about.
In fact, after the news-induced panic, shares of MEG actually went higher.
Hereβs the official statement from Megaworld:
MEGAWORLD
OFFICIAL STATEMENT
May 18, 2022
Records with the BIR will confirm that Megaworld has no outstanding or unpaid past tax liabilities needing any enforcement action. It is being regularly audited by the Large Taxpayers Service of the BIR, and all its tax returns up to taxable year 2020 have been examined, and all previous deficiency assessments have already been paid for by the company and duly cleared by the BIR.
Megaworld has not received any closure order duly approved by the Commissioner of Internal Revenue.
There was an initial disagreement with the BIR Regional Office 8-B after we raised some issues with regard to their jurisdiction on conducting tax audit of some of our properties, but the matter has been clarified and resolved yesterday.
For pending tax audits, the company continues to maintain its stance of full cooperation with the tax authorities in accordance with their mandate to collect badly needed revenues for the Government. ###
This is a good reminder to tell everyone:
For your stock market investing, please avoid acting on news spread in social media. Please listen only to official sources.
We in the TRULYRICHCLUB will always be here for you!
May you become truly rich,
Bo Sanchez
