kanor
Posts: 11
Points: 11727
Reputation: 3
Join date: 2009-02-23
 |  Subject: Any news about PNAS auction? Wed Mar 24, 2010 8:18 pm | |
| Kelan kaya auction ng PNAS? Meron pa ba?  |
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embosed
Posts: 57
Points: 15424
Reputation: 6
Join date: 2009-02-24
Age: 37
Location: California, USA
| | Subject: Re: Any news about PNAS auction? Thu Mar 25, 2010 10:47 pm | |
| Currently, the 3 factions of PNAS are suing each other in court. That means they are still waiting for the result of the judge decision whether who among the three will be the real PNAS group. It's a stalemate as of now.
Eldrich |
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DIC
Posts: 132
Points: 23959
Reputation: 1
Join date: 2009-02-22
| | Subject: Re: Any news about PNAS auction? Fri Mar 26, 2010 7:46 am | |
| If they're waiting for a decision of the court then that will take a very long time. not less than a year for sure. |
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aqamano
Posts: 13
Points: 8417
Reputation: 0
Join date: 2010-01-10
| | Subject: PNAS AUCTION Sat Mar 27, 2010 11:32 am | |
| Sana yung PNAS ang dapat e-recognized sa tatlong group. Para mawala na yung mga greedy coin dealer at ma-implement na yung totoong objective. mission at vision ng PNAS. Para sa akin bilang baguhan mas accomodating ang mga taga PNAS especially sa mga question mo tungkol sa coins heheehehe |
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coolacoin
Posts: 38
Points: 12262
Reputation: 0
Join date: 2009-07-31
| | Subject: Re: Any news about PNAS auction? Tue Apr 06, 2010 10:53 pm | |
| Based on the recent court decision, the Villareal group lost the case. The same sala that awarded the decision also holds Angelo's case. Most probaly the case of Angelo would be judged on the same merit. |
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embosed
Posts: 57
Points: 15424
Reputation: 6
Join date: 2009-02-24
Age: 37
Location: California, USA
| | Subject: Re: Any news about PNAS auction? Wed Apr 07, 2010 1:56 am | |
| According to my sources, this thing will drag up to 5 years. This case is not so simple as we think. Everybody wants to be a leader in the PNAS so as to get a position. Let us not conclude first who will be the winner. Only the court will decide who will be the real mac coy. That's why there's a law for this.
Of course every individual had its own optimistic view on their side to be the winner but we really never know until the final decision prevails.
EWY |
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coolacoin
Posts: 38
Points: 12262
Reputation: 0
Join date: 2009-07-31
| | Subject: Re: Any news about PNAS auction? Wed Apr 07, 2010 7:18 am | |
| | embosed wrote: | According to my sources, this thing will drag up to 5 years. This case is not so simple as we think. Everybody wants to be a leader in the PNAS so as to get a position. Let us not conclude first who will be the winner. Only the court will decide who will be the real mac coy. That's why there's a law for this.
Of course every individual had its own optimistic view on their side to be the winner but we really never know until the final decision prevails.
EWY |
I beg to disagree that everybody wants to lead PNAS. PNAS has no income right now and can be considered as a "white elephant". They have no auction, no new members, and the factions are spending money using their own resources. Who would want to inherit that kind of problems? |
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filipinonumismatist
Admin
Posts: 231
Points: 31669
Reputation: 11
Join date: 2009-02-20
| | Subject: Re: Any news about PNAS auction? Wed Apr 14, 2010 11:44 am | |
| | coolacoin wrote: | | embosed wrote: | According to my sources, this thing will drag up to 5 years. This case is not so simple as we think. Everybody wants to be a leader in the PNAS so as to get a position. Let us not conclude first who will be the winner. Only the court will decide who will be the real mac coy. That's why there's a law for this.
Of course every individual had its own optimistic view on their side to be the winner but we really never know until the final decision prevails.
EWY |
I beg to disagree that everybody wants to lead PNAS. PNAS has no income right now and can be considered as a "white elephant". They have no auction, no new members, and the factions are spending money using their own resources. Who would want to inherit that kind of problems? |
I agree with you coolacoin. The club has no income right now and whatever we have sold for the past months, it came from our own personal collections. Mostly were sold below acquisition value and 10% of the proceed went to PNAS own fund. The organization's expenditure is being financed by charitable men and no other means. The reason why the club decided not to hold many auctions is because we want to emphasize that the organization is not a business oriented nor a dealership company...it is a non-stock and a non-profit organization.
There is currently 1 PNAS based on papers and legality. True PNAS have 2 court cases. But these people have no right to claim legitimacy since there is only 1 PNAS registered in the SEC and currently, as far as proof is concerned, a legal and registered entity.
The current officers and board of directors have no stake in PNAS, so anybody can either become an officer or a board member as long as he is a member of good standing. If you'll ask me, I have already expressed that I have no interest in running the organization because I am tied-up to my business and studies.
Last election, we were almost forced to have a "hold-over" set of officers because nobody among the members would like to run as officers and nobody would like to renew membership because their waiting for the court to finally declare who is the winner furthermore, they don't want to participate in the melee, expenses, and pressure of running the organization.
Last month, the court dismissed the case filed by Atty. Villareal due to lack of merit and evidence. Atty. Villareal filed a case last year assailing the legitimacy of the current PNAS, claiming that his line-up is the legit PNAS. But because we are registered in SEC and have paid the past dues to the government that the past leaderships of PNAS since the 80s have failed to complied with. We have secured the members of PNAS their future.
This is how irresponsible the past leaders of PNAS are. They are more busy on their auctions and ebay selling than taking care of the true purpose and welfare of the members of the organization.
The same sala where we were granted such judgment holds our case against Angelo.
Regarding Angelo, PNAS has already offered him reconciliation several times in the past to minimize the damage, controversies, and further expenses. But Angelo instead of accepting our offers, lay down his conditions for us to accept before he would reunite with us. His conditions were very much in his favor therefore, we were forced to continue and pursue the case.
FN |
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