DITO Clarification of News Reports: March 25, 2021

 

Subject of the Disclosure
Clarification of the news article entitled “Senate okays DITO franchise renewal”

Source	Tribune.net.ph
Subject of News Report	Senate okays DITO franchise renewal
Date of Publication	Mar 25, 2021

Clarification of News Report

We write in connection with the request for clarification pertaining to the news article entitled “Senate okays DITO franchise renewal” posted in Tribune.net.ph on March 25, 2021. The article reported in part that: “The Senate of the Philippines has granted a fresh 25-year franchise to Mindanao Islamic Telephone Company Inc. (Mislatel), now known as DITO Telecommunity. Voting 17 affirmative, two negative and one abstain, senators passed on third and final reading House Bill 7332 which approves the franchise renewal of the China-backed company that positions itself as the third telco player in the country. . . . .” Based on information relayed to us by Dito Telecommunity Corp. (“Dito Tel”), we wish to confirm the information stated in the abovementioned news article.

Read more from Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=24736d88cd625d3d5d542af6f1e997b9

Tweet

Read More

PRIM: Material Information/Transactions - March 17, 2021

 

Read more from Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=12f80d123d810c3b5d542af6f1e997b9

Subject of the Disclosure
Memorandum of Understanding
Background/Description of the Disclosure
The Corporation, RYM Business Management Corp. (“RYM”) (the parent company of the Corporation), and New Era Empire Realty Corp. (“New Era”), have entered into a Memorandum of Understanding (MOU), whereby the parties agreed to work together to revitalize the Corporation by engaging in businesses related to the following: (a) commercial and residential real estate development and real estate leasing with leisure and hospitality; (b) media and entertainment, by acquisition of an existing media/broadcast franchise. (c) gaming, by applying for a license from the Philippine Amusement and Gaming Corporation (PAGCOR) or securing partnerships with an existing PAGCOR licensee; (d) provision of allied services to Philippine Offshore Gaming Operators (POGO), by entering into an agreement with an existing POGO operator; (e) development of or investment in technology providing financial services (collectively referred to as “New Businesses”). Under the MOU, the parties are given a period of 90 days to conduct their respective due diligence. Subject to the execution of a definitive agreement after the due diligence period and compliance with certain terms and conditions under the MOU, New Era shall become the majority shareholder of the Corporation through subscription to the unissued portion of the authorized capital stock of the Corporation by way of a merger, cash subscription and/or infusion of businesses or assets necessary to operate the New Businesses.

Tweet

Read More

AP Double Bottom, Price above Alma, MA 9 and MA20: MACD Crossover, RSI Breakout of 50 Level

AP Double Bottom, Price above Alma, MA 9 and MA20: MACD Crossover, RSI Breakout of 50 Level. 

- Stop loss 1 set at the Low of the breakout candle

- Stop Loss 2 set at the low of the entire consolidation candles (Pivot Low)

- Set your TP where you expect a resistance 

Sana makatulong mga boss, lalong lalo na sa mga baguhan...

# Trade at Your Own Risk #CAVEAT

PivotPointHiLow

What is a Double Bottom?

A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.

Read more at Investopedia

 

Tweet

Read More