Mr. Hernandez writes Mr. Mendoza and PECCI Board

Dear Mr. Mendoza and the rest of the PECCI Board,

Pasensiya na po at hindi lang talaga ako makatiis sa mga sinasabi ninyo sa letter ninyo kay Atty. Arevalo sa magiging purpose o layunin ng pagkakabuo ng CONSULTATIVE COMMITTEE. I would like to quote you , to wit: " shall primarily study the existing provisions of the Articles and By Laws of PECCI with the end in view of coordinating and liaising with CDA as to the most expedient alternative which the CDA will accept in order to further the existing life of PECCI beyond Dec. 8, 2008. "

May I ask you if you have really read and understood our Articles and By Laws? Where in our Articles and By Laws can you find a procedure that says ( that this is/these are) the step(s) in extending the life of our Coop (PECCI), whose life term will expire on Dec. 8, 2008 , that will be that most expedient way for the designated Government Body tasked to regulate Cooperatives (in this case the Coperative Development Authority or CDA) will accept? What do you mean by "expedient way" ?

In fact, even in the other Cooperatives nationwide or even worldwide for that matter , will such provisions in their Articles and By Laws exists. There are provisions for dissolutions or mergers, but, none for extension that I know of. For really, a Coop like ours, which has been among the top five(5) in the Philippines in terms of Assets, Membership share, Net Surplus, and other indicators of a strong and stable Cooprative for decades, will even think of dissolving or letting its life to expire???? .

Further, please refer to the Memorandum of CDA on procedures on extension, which our Mr. Pascual quoted in previous emails. Hindi po ba niya na-i-share sa mga kapwa Board members ang Memorandum na iyon ng CDA?

Again, pasensiya na po at hanggang ngayon ay nakikialam ako. I have all the rights Sirs/Madam. I am still a bona-fide member. I chose to continue my membership even if I availed of the early retirement I PLDT, because PECCI and TELESCOOP have been a part of my life. Together with some concerned members (Kiko Caballero, Ike Arboleda, and others) we stood our ground before for Good Governance, Transparency and the Truth. Sorry, but even if we are few, we will still stand for these principles.

We will monitor developments and we will continue to speak out our hearts and our minds on isues affecting our Coops.

Boy Hernandez