The Philippine Onion

Lies and half-truths shall set you free

Archive for December 7th, 2007

TPO’s IPO oversubscribed, underpriced—Morgan Stanley

Posted by commiedyan on December 7, 2007

The management has authorized us to release the following information:

  1. Some weeks back we disclosed there was a bloody squabble between our CEO and CFO, each with sizable blocs of equity. Finally the staff managed to kick out the two and we now own the controlling shares.
  2. We also disclosed that management was hiring Rhona Tan, estranged wife of Ron Nathan, cousin of the unlamented Dante Tan. At the time we said we had also wanted to engage the services of John Mangun, if not for the lack of credibility of bald or balding analysts as bored through our thick skulls by Mahar Mangahas of SwS. Since then, Mangun has bought reasonable doubt (at a reasonable price, we hope) as to the location of his hair. Subsequently, we followed the advise of our lawyers to hire Rhona Tan, Ron Nathan, and John Mangun for the offering.
  3. The Pasig River Development Bank, lead underwriter, has disclosed the following deatils of the issue: Read the rest of this entry »

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