Opportunities for non op lending company

Nation building via learning and being the best in business

When there were news that there were disenfranchised (for the secondary license) lending investor, I checked with the scion running the company if we were included.   The feedback was that it was non op for several years, and declared at SEC.

Now I told in the meeting last night that this lending investor can ride the fintech revolution   The payment apps, since are not authorized by BSP cant take advantage of the opportunity  to take in deposits or make advances with interest.

For the deposit taking side, .....

For the lending side we can have an app that takes in borrowers on line through the fintech and offer 24 hour approval loans, no visit, other than they are verifiable and of good standing  (even in the internet -  we will go to that later)

We can go into the details later.  We can start with our existing customers

Also ousted from the company she founded

Nation building via learning and being the best in business

An elementary school classmate, now fmr President of the Company she founded is aghast over her non election as Board Member and ultimately as CEO.  It was the company she founded.   My wife joked that they did not request mentoring from me, or that did they really take up MBA as required by law if you are going to be head of such a health unit.  Yes they did  But they simply dined the professor so as not to make the study hard.  This post did not fall for that.  Yes I could see through that but they have to comply with academic standards.   They had to study and work hard.

Now I researched why this happened   It seemed that their adversary purchased a lot of common stocks and they became the majority.  Their group had the majority and elected the board, and the board elected their President of choice.

Lessons:

1.  The right of first refusal should be exercised to  prevent loss of control majority;

2.   The Pres should really have defended watched what was going on had security strictly observed;

3.  May be they did not observe  the protocol of some such unit that only founding shareholders to elect board, and other common as non voting  They had a smart lawayer employed to devise such a strategy to oust my classmate.  

Huhuhu.  I idont know how  she will ever get back to power.   fIt will be a long legal battle to be fought in courts, not in the board room