Author Topic: CEO Joseph Calata has gone KAPUT!!!! Be warned!  (Read 21428 times)

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knightlucas

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CEO Joseph Calata has gone KAPUT!!!! Be warned!
« on: Nov 17, 2013, 01:38 PM »
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let me just put my opinion too regarding the reactions of other members in the forum about CALATA manipulations issue. I, too invested on CAL shares believing that CEO Joseph Calata, being young and energetic, will be a ray of light to us investors. News about manipulations and SEC cases of dummies and all that did not inflict a single doubt on Mr. Joseph Calata as a CEO and Chairman of Calata Corporations. But lately, I can't help but raise an eyebrow on how Mr. Joseph Calata is living his life. I'm speaking how I view this instances as an investor and as a father of grown up boys like Mr. Calata's age.

Mr. Calata has been seen several nights in bars and night clubs partying with young girls and doused in alcohol. It breaks my heart to hear this public scenes. He was described as being erratic and out of control, bragging and drinking all night. Mr. Joseph Calata for how he was described, he deliberately exposed himself.

As as investor, I fear for the company's situation if their trusted CEO frequents himself in bars and clubs instead of working his ass off for the betterment of the company's stocks. We, as investors believed and trusted the company that's why we bought the stocks, but if it is run by an oblivious individual such as Joseph Calata, well I guess we have made the wrong choice.

As a father, I don't know how Mr. Joseph Calata was brought up. His actions were a display of irresponsible son. The Calata Corporation was started by his parents and he grabs and ruin it. They could have just entrusted their company to a total stranger who is smart enough in making life's choices. Now, I can't help but wonder, there are alot of kids in the Philippines who are far more richer than Mr. Calata but they don't exposed themselves as sons and daughters of billionaires. They are humble and quiet, these are the old rich people whom I truly admire. Like Kevin Tan, who is younger than Joseph Calata but shows more compassion and responsibilty to his father's legacy.

If I am the father of Mr. Joseph Calata, I would tell him to put his acts together and grow up, act his age. He's no longer young as he was once was. He's now a man so he should not act as a boy. If he continues to display this lucid behaviour, I think Mr. Joseph Calata is a big disappointment to the Philippine Stock Market.

richpulubi

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #1 on: Nov 19, 2013, 10:15 AM »
Though I sympathize your situation, actually, Mr. Calata bears no responsibility to make you any money.  The same as people who bought Gokongwei's CEB or Ramon Ang's SMC.  Their companies probably make tremendous amounts of money...but none or little of it will end up in your pockets.

I don't know Calata.  I see him attend theatre shows, all dressed up in bespoke suit with matching ascott, and a beautiful girl by his side...even if it was a matinee show...FYI, we were in plain T-shirts and jeans.  He has gone to clubs and spent for drinks for everyone there...including neices of a friend of mine.

Friends of mine have been actively pursued to invest their wealth with him. 

A foreign friend has been convinced to gradually add funds until he will eventually own 10% of the company.

With all due respect, he almost single-handedly made Calata from a small business to a regionwide giant, AFTER it was given to him by his parents. 

But will I park money with him?

No, not unless I have partial control of how the company is run.

vicces

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #2 on: Nov 19, 2013, 12:00 PM »
if u look at CAL's disclosures, assuming they are truthful and reliable, the co. is actually very busy/aggressive... they gave out decent cash div (but most likely barya lang para sa mga ipits)... they have forged partnerships (thru joseph's efforts as i understood it) with different companies, here (SMC was it?) and abroad... may buy back offer p... recently they launched daw this new line of products -- gold bean blahblah, and hired celebrity endorsers... yun lng, walang kumakagat sa market, coz of that stigma that its price was manipulated, so u cant really blame him for bad market sentiment na allergic na sa CAL ... trying hard na nga masyado magpakitang gilas imho, wla nmn effect sa stuck kundi lalong nagsspageting pababa..

compare that to other basura stucks na walang halos maireport, bk magmuka pang anghel si joseph... maybe partying is a way for him to blow off some steam after a hard day's work at the office.. MAYBE. what u can only do now is either bail and realize the loss and move on, or supot him all the way and hope he delivers and gain the market's confidence in the long term...caveat
"If you are out to describe the truth, leave elegance to the tailor." Albert Einstein

lemreyes

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #3 on: Nov 19, 2013, 01:35 PM »
i thought the guy got married recently.

denseymour

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #4 on: Nov 19, 2013, 04:27 PM »
im really looking forward to hearing more news about CAL. I need to get that investment back lol  :D
Leapfroggr

knightlucas

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #5 on: Nov 23, 2013, 08:42 PM »
I need my investment back too. With all those publicities and disclosure formalities, I still can't see a light at the end of the tunnel. Maybe Mr. Calata can't see the light too because he's blinded by the flickering lights of the night clubs, it's way too noisy inside the clubs so he won't hear the investors crying. :help:

bulacan_girl

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Re: CEO Joseph Calata has gone KAPUT!!!! Be warned!
« Reply #6 on: Sep 11, 2014, 02:41 PM »
The Calata family is corrupt.  Did you know that they have a case in Bulacan because the Calata family stole the  prime lands of a rich family in Bulacan.  That rich family is a family friend of the Calata’s.  The rich family had an agreement/business deal with the mother Calata, and the rich family entrusted some of the land titles to mother Calata.  When the father of the rich family died 2 years ago, the sons of the rich family found out that the land titles are already in Calata’s name...in short...Calata forged the signature of the father of the rich family, to make it look like it was sold to them.  But Calata forged the signature and it was proven by the NBI.   A case is now filed in Bulacan.    The rich family suspected that this happened when Calata Corp had problems with SEC a few years ago.  They needed money to clear the issue and they had to pay a lot of people in SEC.

 


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