The Fall of Dennis Uy / Udenna?

**Sweetlucious** · November 3rd, 2022 01:20 PM

Originally Posted by _Cathy_

Benta na niya so my friends and I can buy from those stores again. Hehehe.

Sent from my SM-N960F using Tapatalk

Anything duterte or bbm cancelled diba?

So di na kayo nagclu-club?

**111prez** · March 7th, 2023 06:56 PM

More woes for Udenna ... https://bilyonaryo.com/2023/03/07/cr...ess/#gsc.tab=0

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**papi smith** · March 7th, 2023 07:21 PM

I subscribed to PNX4 at 1k issue price dati, that's the preferred share that suspended payment. I felt uneasy so I sold it at breakeven only to see it rise above par.

When it fell upon rumors of a suspension, I bought at 800 kesos. It continued to drop to 600 but I was able to sell it again at breakeven when it went up again.

Now the stock is trading below 300, only went up above it today because of his promise that it will pay eventually.

**Monseratto** · March 22nd, 2023 06:50 PM

Razon pulls out of casino investment deal with Davao's Dennis Uy | Inquirer Business

Billionaire Enrique Razon Jr. is pulling out of a deal to invest in the Cebu and Clark casino projects of Davao-based tycoon Dennis A. Uy’s PH Resorts Group Holdings, causing shares of the latter to fall on Wednesday.

Razon-led Bloomberry Resorts Corp., the operator of the Manila Bay integrated complex Solaire Resort & Casino, said its board approved a resolution to terminate the term sheet with PH Resorts subsidiaries signed 10 months ago or on May 6, 2022.

Shares of PH Resorts, part of Uy’s Udenna Group, fell fell 5.88 percent to P0.80 each while Bloomberry rose 2.13 percent to P9.10 per share.

PH Resorts recovered from a drop of as much as 9.4 percent after saying earlier in the session it had not received any formal communication of the deal termination and hinted it was “possible” to close the transaction with Bloomberry.

After trading hours, PH Resorts confirmed the deal was off and said it could pursue other investors.

“While it is unfortunate that a deal was not closed, this now allows both parties to pursue their own plans,” PH Resorts president Martin Escalona said in the filing.