Poblador’s group has CA ruling on its side

This is in response to the letter of Erlinda I. Bildner, who styles herself as director/CFO of Philcomsat Holdings Corp. or PHC. (Inquirer, 11/14/11)

The fact that the group of Bildner “has no right or authority to represent PHC” is a declaration made by the Court of Appeals in its Resolution in CA-GR SP No. 102437, not a mere claim of mine. The court made this declaration even as it took into account the ruling of the Regional Trial Court of Makati City in Civil Case No. 04-1049, which was cited by Bildner. In fact, the Court of Appeals said the decision could not be a source of a right because it was not yet final.

Significantly, Bildner admitted that the Securities and Exchange Commission (SEC) upheld the validity of the stockholders’ meeting conducted by our group in 2004. It is illogical to claim that the SEC’s decision was “restrained” by the Court of Appeals and rendered moot by the alleged Philcomsat meeting conducted by the Bildner group in November 2007. Since  the meetings of our board  were upheld in 2004, necessarily, it is only this duly elected board that can validly call any meeting of Philcomsat in the succeeding years.

Bildner does not have any authority to call any meeting of Philcomsat. Moreover, Philcomsat is a sequestered company, not a government-owned and -controlled corporation. The nominees of government still have to be duly installed in the board in a meeting called by our legitimate board.

The claim of Bildner that the appointment of new government nominees in 2007 automatically invalidated the meetings already upheld in 2004 is equally illogical. Again, it is only our board, whose election was upheld in 2004 by the SEC and the Court of Appeals — as admitted by Bildner — that can represent Philcomsat and call meetings of the corporation.

The legitimate board of Philcomsat, which I represent, is not disregarding any orders of the administration. If nominees are appointed to Philcomsat, then they should be installed in our legitimate board.

It is unfortunate that Bildner’s group has been able to mislead the public, third parties and even government agencies as to the authority of their “board.” Please note that our board continues to question the action of the Philippine Stock Exchange (PSE) in allowing the Bildner group’s names to be reflected in the website of PHC. Moreover, the decision of the PSE in allowing this listing, as they have disclosed, is based on the erroneous implementation of the court decisions cited by Bildner, without due consideration of the facts of the case and the recent, above-mentioned circumstances. PSE cannot reverse the findings of the SEC and the Court of Appeals.

The group of Bildner, which includes Inquirer columnist Prudencio Somera, has consistently filed harassment lawsuits against the members of the legitimate board in many venues, and engaged them in a smear media campaign. If they are really confident of their alleged “legitimacy,” then resorting to such tactics would be unnecessary.

chair, Philcomsat Holdings Corp. (PHC);
vice president, POTC and Philcomsat

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://opinion.inquirer.net/?p=19423

Tags: Concepcion A. Poblador , conflict , Court of Appeals , Erlinda I. Bildner , Philcomsat Holdings Corp.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Korea ferry captain defends actions, bodies seen in ship
  • Traffic starts to build up at toll plazas on Black Saturday
  • Flash floods hit 9 Tagum villages
  • No tsunami to hit PH after 6.9 quake jolts Solomon Islands–Phivolcs
  • Search resumes for bodies in Everest avalanche
  • Sports

  • Hamilton takes pole at Chinese Grand Prix
  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Motivated LeBron James preps for postseason
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • We treasure our Sierra Madre
  • OFW from UAE tests negative for MERS-Cov–health chief
  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Marketplace