Tuesday, September 8, 2009

SBMA Deceiving Investors Over Lease Charges

Comment from a reader on "SBMA Breaches Lease With Subic Investors"

The SBMA website contains a brochure that lists the "Cost of doing business in the Freeport", this brochure does not contain anything about these costs or any cost involved in "registering a lease".

Investors will not take lightly to SBMA adding in other charges after an contract was already signed.

This situation must surely serve as a warning to investors of the unscrupulous attitude of SBMA.

[The Subic Bulletin] We checked the brochure you are referring to and fully agree. SBMA is deceiving investors by failing to list cost that where approved by there Board of Directors.

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