Help: CAP Educational Plan

[maria ann]

research?

as if there's anything complicated to research about

CAP is a pre need company of the family who also owns (owned) Fil Estate

CAP invested in Fil Estate projects

bumagsak ang fil estate, bumagsak ang CAP

LOL!!!!!

That is a very simple way of looking at things.

Let us try to remember that - while we can sit here now and look back at the Asian Financial Crisis, which led to the difficulties that the entire continent of Asia felt (not just Fil-Estate and CAP), as the sign that investments in real estate should never have been made in preparation of the said financial crisis - HINDSIGHT is always 20/20.

You can sit here and say "investments made here were wrong"and "investments made there were poor decisions" - but the fact of the matter is the investments were made BEFORE the Financial Crisis, and there was no way to tell that that the crisis was going to happen.

Do you think, Mr. Uls, that you would have been able to foresee such an occurrence if you were the one in charge of making investments? If so, then perhaps somebody should hire you to predict the futures and outcomes in the business and financial world. You would be a valuable asset to any company... to any country, even. Maybe then people would take notice of you as the next Nostradamus and be talking about your wonderful powers of prediction for the next 500 years.

Unfortunately, Mr. Uls, all we have seen from you here is your knack for "postdiction" (as opposed to prediction). But sadly, anybody could do that.

All joking aside, Uls, it seems to me that you are assuming that CAP intentionally sunk funds into Fil-Estate in order to "get away with" some sort of ploy to fool the people.

Here is what you should research before you spout off statements without understanding what you are getting into.

Take a good long look at CAP's track record before the skyrocketing of tuition fees, the Asian Financial Crisis, and before the years that the Actuarial Reserve Liability or ARL was wrongly applied to the formula for calculating the trust funds and reserves of CAP. If CAP was a scam, a ponzi scheme, or a simple tool for taking the money of the masses and stashing it away in personal bank accounts - would it have lasted 24 YEARS, paid over 13 BILLION PESOS in tuition fees, and helped thousands upon thousands of students graduate college?

If the owners and directors of CAP were such shameless people overrun by greed, would they be sitting here trying to pay back its planholders? In fact, CAP is the ONLY PRENEED COMPANY paying planholders back. If they really wanted, the owners could have just closed shop, and, for those of you who are not aware of basic CORPORATE law, since CAP is a CORPORATION, the liability of CAP to its planholders DOES NOT transfer to its owners and members - which means that they would have walked away without a single worry and every single centavo in their pockets.

But no, CAP remains open. This is a decision that is straining the company financially, exhausting its manpower, resources, and all its time in trying to find ways to earn the money to REPAY its planholders. The owners of CAP agree that it is their responsibility to give back to its full-paid planholders and have already paid out almost 2 BILLION PESOS in planholder reimbursements since 2007.

Of course, these reimbursements take time to process because of the enormous backlog of planholders claiming checks - but at least the company is there and is not running away from what it feels is its responsibility to give back.

If anything - that speaks of a high level of INTEGRITY within the upper management of CAP.

Once again, we can truly understand why there are negative feelings toward what happened... but people must remember that CAP did NOT want this to happen. Why would they want this to happen? This is affecting them just as much, if not more, than the planholders.

Please, lets be realistic here. CAP needed to make investments in order to grow their reserves - and they made all the decisions necessary. Why not invest in Fil-Estate, a company they can easily monitor, and whose projects were the talk of the town in those days - something seen universally as a good investment to be made?

Then the crisis hit and everybody suffered. Fil-Estate, Megaworld, Ayala... everybody. Then all of a sudden the sudden implementation of the ARL by certain politicians to measure the company's finances halted everything CAP was doing to alleviate the situation - only to be indicated later on by the NEWLY INSTATED PRE NEED CODE that the ARL was NOT the correct formula to implement on Pre-Need firms.

If anything... CAP, as well as its planholders, are victims all on the same boat. Nevertheless, CAP continues to pay planholders back.

Visit www.cap.com.ph/education/home.htm for further information regarding unclaimed checks.

Visit www.captruth.webs.com for ADDITIONAL information regarding CAP, as well as news articles written about CAP's habit of paying back its planholders.

[maria ann]

CAP is a big joke. What consolation they are paying their devastated subscribers right now is an insult added to the nth multiple of injury. Investments gone amiss? God forbid but their top brass should have been burned to hell for all the demons and devils to feast on. F**ck ‘em! I’ve seen it all when CAP was going down the drain and all they were telling us back then was to sit down, relax, suit ourselves with their black cold bland coffee and warm our asses while they straighten things out. Yeah, I was there. Hell, they did not even try to liquidate their fixed assets when it seemed to be the quickest candy back then to pacify wailing parents who came from far and beyond just to try and scour a penny for their children’s tuition fees. Damn, such a pity back then.

I’ve got three siblings that time who were still deep in college and my pop was really banking on CAP to deliver and ease us the financial burden of having to pay hundred thousands worth of tuition fees every semester. Not a dime was paid. Good thing we managed. My siblings finished their degrees sans CAP EDUCATIONAL PLAN! But pop aged a damn whole lot faster.

Then lo and behold, CAP is paying. I went to check it out last year hoping they could at least settle for the subscribed face value. But what hope I was holding on to still remains a hope to this day. True, they paid but not at a premium. Of course not! A discount would still be an understatement. They gave peanuts, and in installments for that matter. I would have told them to eat my balls but I just kept my cool. There’s no use asking them for a chocolate bar when the best they can hustle you with is a caramel candy. It’s not worth your while arguing with them.

Anyway, CAP is now a thing of the past buried in financial history for academics and financial expert wannabes to include in their arsenal of theories and empirical facts. Greed has taken the senses out of their craniums, investing in high-risk investment vehicles hoping to hit the jackpot by dipping their hands into the crystal ball. And what did they get? Horseshit. They coulda pooled everything in a piggy bank instead. For all their actuarial antics and everything boiled down to…. well horseshit.

So I heard business at CAP is up and about again. What are they up to this time? Financial toiletries? Packaged in toilet paper as well? Perhaps ass-wipes to glisten the chink for the golden egg to pass though. Or have they come up with a financial guide showcasing their mathematical models (on how to manage your investments and watch your hard-earned pesos go south?) that had eventually put them, at one time, at the spotlight and on a 15-minute of fame- infamous it may be? Oolalala, a bestseller cum nobel contender in the making! Ooops sorry, I think I said too much. Excuse the bashing but couldn’t help it…

I already left CAP behind me then I saw this thread and thought I could share one last time. Peace everyone.

E-bundok, your post is not only riddled with unfair accusations and worthless drivel, but your muddled up try-hard English is atrocious as well. Your attempts to sound smart, funny, witty, or even relevant fail miserably and only indicate the fact that you are 13 years old, if not in body then most definitely in your mind.

This post does not deserve my attention, but because this may slightly entertain me I will answer you ONE TIME. Anything you may reply to me will be ignored and it will be up to you whether you want to believe the short-sighted ultra-biased tantrum you just unleashed onto the message board - or give yourself the chance to act like most respectable adults and open your mind to the possibility that MAYBE, just MAYBE, the company that you are insulting - the company which, according to you, has already PAID YOU BACK - is also doing its best with what it can.

You mention in your post that CAP has paid you back. You make it known that you are displeased with the amount that you were paid, and the fact that it was paid back in increments.

Well - perhaps you would have preferred it if you were a planholder of a different company. You would have been paid NOTHING, told NOTHING, and left with NOTHING. But because CAP and its directors have been striving their hardest to pay people like YOU back - you at least received SOMETHING instead of CAP closing down and running away with everything that YOU and EVERYBODY ELSE paid. Read my response to ULS above as well if you're into the idea of becoming smarter instead of conducting yourself in such a low, moronic manner.

The problem is - people like you don't know how to see it from another perspective. All you care about is yourself. Never mind the THOUSANDS of others we've helped graduate college. Who cares about the BILLIONS AND BILLIONS of PESOS spent on tuition fees and even more BILLIONS in planholder reimbursements, right? Yes the only thing in the universe that matters is you and we should all adopt your self-righteous and self-obsessed view so that we all miraculously turn back the clock and become 13 years old again.

Like Ive been saying, we understand that people will be angry. We get it. But that is not a reason for you to act like a fool and disrespect those who are trying to make positive actions in a not so positive situation. And we are paying you all back ACCORDING TO WHAT THE COURT SAID WE SHOULD PAY. If you're mad about it, go complain about the ruling.

Or... wait... LOL.... I bet you thought that CAP was free to make its own decisions on who, what, and how to pay? LOL!!!

A little humility would suit you better, especially since you obviously have no idea how to run a business - much less intellectually sort out your opinions on a complex issue regarding a PRENEED company that is the ONLY PRENEED COMPANY paying its planholders back.

Maybe "Pops" should have taught you how to show some respect and how to respond properly to people that are out trying their best to improve things rather than destroy them with careless words and ignorant statements.

Anyway, like you said, you have already been PAID. This is for people who have not yet been paid and are in need of assistance. I would suggest you go play some video games or go out with your friends to release your excess energy rather than clutter up an important discussion that is helping others receive back what is due to them - regardless of your juvenile opinions on just exactly HOW MUCH MONEY is WORTH the trouble.

[uls]

haha

damage control!

does this girl go to every internet forum where there's a topic about CAP to defend CAP?

grabe ang tiyaga

my 4 line post deserved a reply like that?

wow... i must have hit a nerve

[tidus1203]

Well the market will speak for itself if they still think CAP is viable or not?

I sense they say NOT!

*uls

She must be a CAP employee, kaya tindi ng depensa and effort...

[hondaboot]

the pre-need education will really fail kasi palaki ng palaki ang mga bata ngaun with all those starbucks stuff and other sobrang tasty food

kung nun dati payat ang mga bata, a simple window aircon for classroom will suffice. pero ngaun doble if not triple ang mga bata, kulang ang dalawang blower na split type.

and of course, the teachers. we all know naman that teaching is such a passive lifestyle . kita nyo nga basta bagong teacher na crush nyo, di pa kayo gradweyt lumba-lumba na sa laki.

and syempre habang lumalaki, lalo mag-demand ng higher salary hence, mas mahal ang education.

so kung lumalaki lahat, students, teachers, parents etc. we'll need bigger schools, chairs, canteens, tents sa outing

and as we progress, mas madaming concerned about the safety/security of their bloated children. so to address those problems, dumadami din control measures ng skwelehan


let's face it, the woes of the world kahit hindi na-meet ang target / forecasts is bec. only of one thing: people are getting larger and consuming and consuming.

[uls]

yes either employee ng CAP or from a PR firm contracted by CAP

gabi na nagpopost pa

overtime na yan

[uls]

the pre-need education will really fail kasi palaki ng palaki ang mga bata ngaun with all those starbucks stuff and other sobrang tasty food

kung nun dati payat ang mga bata, a simple window aircon for classroom will suffice. pero ngaun doble if not triple ang mga bata, kulang ang dalawang blower na split type.

and of course, the teachers. we all know naman that teaching is such a passive lifestyle . kita nyo nga basta bagong teacher na crush nyo, di pa kayo gradweyt lumba-lumba na sa laki.

and syempre habang lumalaki, lalo mag-demand ng higher salary hence, mas mahal ang education.

so kung lumalaki lahat, students, teachers, parents etc. we'll need bigger schools, chairs, canteens, tents sa outing

and as we progress, mas madaming concerned about the safety/security of their bloated children. so to address those problems, dumadami din control measures ng skwelehan


let's face it, the woes of the world kahit hindi na-meet ang target / forecasts is bec. only of one thing: people are getting larger and consuming and consuming.

hahahaha

OB rulez!!!

[tidus1203]

the pre-need education will really fail kasi palaki ng palaki ang mga bata ngaun with all those starbucks stuff and other sobrang tasty food

kung nun dati payat ang mga bata, a simple window aircon for classroom will suffice. pero ngaun doble if not triple ang mga bata, kulang ang dalawang blower na split type.

and of course, the teachers. we all know naman that teaching is such a passive lifestyle . kita nyo nga basta bagong teacher na crush nyo, di pa kayo gradweyt lumba-lumba na sa laki.

and syempre habang lumalaki, lalo mag-demand ng higher salary hence, mas mahal ang education.

so kung lumalaki lahat, students, teachers, parents etc. we'll need bigger schools, chairs, canteens, tents sa outing

and as we progress, mas madaming concerned about the safety/security of their bloated children. so to address those problems, dumadami din control measures ng skwelehan


let's face it, the woes of the world kahit hindi na-meet ang target / forecasts is bec. only of one thing: people are getting larger and consuming and consuming.

HAHAHAHA! OB's logic on why pre-need educational plans are unsustainable... Answer that Ms. CAP PR officer... I am sure OB and you would fit nicely...

[maria ann]

haha

damage control!

does this girl go to every internet forum where there's a topic about CAP to defend CAP?

grabe ang tiyaga

my 4 line post deserved a reply like that?

wow... i must have hit a nerve

Wow, sagot yan ng isang taong wala nang masabi. LOL!

Mr. Uls, it seems that you are proud of yourself for going around and hitting the nerves of people who are simply trying to help others get back what is due to them. If so, then congratulations, you have just shown everybody how shallow your thought process is and how dedicated you are to disrupting an otherwise helpful attempt at reaching those affected by the collapse of the pre-need industry.

It is obvious that you couldn't construct an intelligent opinion or rebuttal to my post - and so you have to come back and try to save face by making pointless statements and wild speculations about me and how I am doing my best to help people. It is an exercise in futility, because you only continue to make yourself appear childish and unable to accept an argument in which you are mistaken.

You are like a child. You see things in only ONE way and when a conflicting view is presented you resort to mocking people and making fun of the situation.

Let me explain to you something, and hopefully you take this to heart and realize this about yourself and other people.

Just because I am concerned about OTHER people and am trying my best to ASSIST people in a positive manner by providing information that might lead them to receiving their much-deserved reimbursements from CAP - it doesn't mean that I am paid to do so. There are people that are willing to do this simply because it is the RIGHT thing to do. What irritates me is the gall that you have to go out of your way just to bring me down when all I'm trying to do is HELP.

Is there something wrong? Why don't you like the idea that I am HELPING people? You mention na grabe ang tiyaga ko in trying to help people... since when was that a bad thing to do? Ikaw nga ang tiyaga mo din in trying to appear cool and collected pero obvious na wala ka nang masabi so you resort to meaningless banter better suited to prepubescent teens that don't know when and how to stop talking.

At least ako I'm making tiyaga on something that BENEFITS people, rather than brings people down.

Perhaps the thing here is that YOU would only ever think of HELPING people if you were properly compensated - and if thats the case then that is YOUR problem, not mine.

Just accept it, Uls. You are wrong - and no amount of your half-assed justification and your pointless additions to this message board can save you from being wrong.

Go ahead, mag comment ka pa. The more you type the more you look like an imbecile. Perhaps its you who should think about "DAMAGE CONTROL" to your reputation. Even with your 9,000+ posts your reputation rating is a 4. LOL!!! Shows how highly people think of you on this board.

[tidus1203]

Cause uls does not get paid so no reason to be so diligent on this issue... In the end uls opinion or Ms. CAP PR Manager's opinion is irrelevant. Its what the market thinks that is important...

[maria ann]

HAHAHAHA! OB's logic on why pre-need educational plans are unsustainable... Answer that Ms. CAP PR officer... I am sure OB and you would fit nicely...

Tidus1203, welcome to the discussion. I was hoping for better input, but sadly you have put yourself in the same box as Uls and e-Bundok.

Why don't you do yourself a favor and scroll up. You can do that by rolling your mousewheel forward, or clicking on the arrow facing upwards on the scrollbar on the right. If you do, you will see a mountain of text explaining to you my side of things.

Once you read it, you will see that my points are not at all related to OB's points.

It is understandable that the people are disappointed and even angry about what happened to CAP and the Pre Need Industry - but it is also the people who suffer if they carry paradigms the way you, Uls, and e-Bundok do. CAP is at least trying to pay people back. The payment scheme was decided by the COURTS, not CAP - so if you're unhappy about that then focus your anger elsewhere because CAP cannot do anything about that.

Take some time out to inform yourself. Read my posts above. Or go to www.captruth.webs.com and read about it there. The truth is all around you Tidus, you just have to remove the bias and look. It's all there.

By the way, thank you for noticing na matindi yung depensa ko.

That has nothing to do with me being an employee. Matindi yung depensa because it is BACKED UP BY TRUTH. There is no better defense than truth, and that is why MATINDI talaga yan.

[tidus1203]

No matter what the truth is (frankly I don't give what the truth is) if the market think CAP sucks then CAP will still be 6 feet under... Move on Ms. PR manager...

[maria ann]

Cause uls does not get paid so no reason to be so diligent on this issue... In the end uls opinion or Ms. CAP PR Manager's opinion is irrelevant. Its what the market thinks that is important...

My name is Maria Ann. I don't refer to you as Mr. Supporter of Uls do I? LOL.

What the market thinks is important, that is true... but it is also true that the market has been misled. The tiniest bit of research on your part will show you that it is so.

CAP is a victim just as much as the planholders are victims of the poor governance and terrible decisions made by certain politicians during the 90s and up until the early 2000s. What I am trying to do here is this, Tidus:

1) Enlighten people who want to be reimbursed by CAP that CAP is paying people back
2) Enlighten people on the subject of the collapse of the pre-need industry
3) Show people where and how they can file their claims

There is no need for Uls or anybody to come in here and try to trample all over my efforts in providing ASSISTANCE to people. That is what irks me. You tell me, is what I'm doing bad? Hindi naman diba? Actually maganda nga eh. So why waste time in bringing me down? First of all, it won't work. Second of all, don't you want people to be reimbursed kahit papano? THe people deserve it and I'm just trying to forge the path that can get them their money.

Tama na yung mga nag papa-cool jan. This is a serious matter and should be treated with importance. Not this non-chalant trash verbiage that is meant to destroy things.

[maria ann]

No matter what the truth is (frankly I don't give what the truth is) if the market think CAP sucks then CAP will still be 6 feet under... Move on Ms. PR manager...

So you don't care naman pala eh? So why waste time in here diba? Go somewhere else and talk about things that interest you.

But you see this is my point...

For you madali na ang lahat... If something is bad or in disrepair, for you the best thing to do would be to just leave it. Never mind naman diba kasi its over.

Well, that is what we like to call a DEFEATIST attitude. That kind of attitude is the main reason this country cannot progress. Everybody has just given up and bahala na lahat.

Too much pollution on the street? Di bale na. I'll just throw my trash on the street na din since ganon naman talaga eh. Many uneducated drivers on the road? Di bale na. I'll just be a lawless driver na din since ganon naman talaga eh.

It would be an improvement on yourself to pick up the habit of trying to change things for the better kahit papano. Start with yourself. Who cares if everybody thinks or does something the wrong way. It doesn't mean that you have to do that as well, right?

[uls]

Mr. Uls, it seems that you are proud of yourself for going around and hitting the nerves of people who are simply trying to help others get back what is due to them. If so, then congratulations, you have just shown everybody how shallow your thought process is and how dedicated you are to disrupting an otherwise helpful attempt at reaching those affected by the collapse of the pre-need industry.

i like hitting people's nerves

It is obvious that you couldn't construct an intelligent opinion or rebuttal to my post - and so you have to come back and try to save face by making pointless statements and wild speculations about me and how I am doing my best to help people. It is an exercise in futility, because you only continue to make yourself appear childish and unable to accept an argument in which you are mistaken.

why should i make a rebuttal?

you confirmed what i said:

me:

research?

as if there's anything complicated to research about

CAP is a pre need company of the family who also owns (owned) Fil Estate

CAP invested in Fil Estate projects

bumagsak ang fil estate, bumagsak ang CAP

you:

Please, lets be realistic here. CAP needed to make investments in order to grow their reserves - and they made all the decisions necessary. Why not invest in Fil-Estate, a company they can easily monitor, and whose projects were the talk of the town in those days - something seen universally as a good investment to be made?

CAP invested planholders' money in real estate projects of its owner/s

no argument there

Go ahead, mag comment ka pa. The more you type the more you look like an imbecile. Perhaps its you who should think about "DAMAGE CONTROL" to your reputation. Even with your 9,000+ posts your reputation rating is a 4. LOL!!! Shows how highly people think of you on this board.

i never noticed that reputation rating until you pointed it out

it doesnt matter to me

i get a kick out out what i'm doing (what you call "disrupting")

i'm part of this ecosystem

[_Cathy_]

I noticed that students on CAP or any educational plan have a hard time during enrollment (at least in my school) There's a separate line for them and it takes ages to move! I'd rather pay my children's tuition annually in cash so I could avail of lower rates.

[uls]

There is no need for Uls or anybody to come in here and try to trample all over my efforts in providing ASSISTANCE to people. That is what irks me. You tell me, is what I'm doing bad? Hindi naman diba? Actually maganda nga eh. So why waste time in bringing me down? First of all, it won't work. Second of all, don't you want people to be reimbursed kahit papano? THe people deserve it and I'm just trying to forge the path that can get them their money.

Tama na yung mga nag papa-cool jan. This is a serious matter and should be treated with importance. Not this non-chalant trash verbiage that is meant to destroy things.

i trample

i destroy

[badsekktor]

Cause uls does not get paid so no reason to be so diligent on this issue... In the end uls opinion or Ms. CAP PR Manager's opinion is irrelevant. Its what the market thinks that is important...

I agree....

[maria ann]

i trample

i destroy

I rest my case.

Well I'm happy that it makes you feel like a big man, going around like an Internet tough guy and forcing yourself on these serious topics. Its becoming apparent that you spend an amazing amount of time posting numerous worthless messages online (9000+ posts LOL) rather than going out and talking to real people. Wala sigurong pumapansin sayo.

I just don't know if you realize that its very obvious na KSP ka lang. Its obvious that you are the one trampled all over in real life and so you have to come online and act hard na puros pa-cool and pa-cute ka lang.

I trample I destroy yeah right LOL.

What you don't realize is, in this topic, saling pusa ka lang dude. Others here are trying to get help and I am trying to provide it. I am even doing YOU a favor by minding you and talking to you.

Anyway go on Uls. Either with your life or your comments I couldn't care less. Basta I am here helping and you are here, well, providing nothing more than worthless space.

By the way - yes. Cap invested in Fil-Estate. So what? Fil-Estate at the time had shown tremendous promise in providing returns on investment that would have helped CAP come up with the money to keep paying tuition fees. CAP is not the only company that invested in Fil-Estate, you know. Many people were at the time. It had shown a lot of promise and was the best investment on the table in order for CAP to expand its finances.

In your narrow-minded conclusion you have assumed immediately that just because some people on the board of CAP and Fil-Estate are the same people that there is automatically some sort of foul play? That's business, Uls. It is a common practice anywhere and everywhere in the world.

Like I said, it happened before the financial crisis. When the crisis came, everything fell. Not just CAP and Fil-Estate. It may have been an unlucky turn of events but in NO WAY did CAP intend for it to happen.

But yes it did happen and now CAP understands its responsibility to its planholders. And so it is paying them back. Can you understand that? Its quite simple really.

Anyway this will be my last response to you Uls. There are more important people here to pay attention to. Good luck with your life. All it takes is for you to change your attitude and people will start becoming your friends and will start paying attention to you. I will hope and pray for that, okay?

LOL.

Farewell, Uls.

[tidus1203]

So you don't care naman pala eh? So why waste time in here diba? Go somewhere else and talk about things that interest you.

Cause I hate PR people who create spin that's why!