On 4/3/08, JJ Portugal wrote:
Jun, furnishing you a first draft of the estate settlement for your
parents. Pls note that the valuation of the shares of stock for some
companies are still blank, as I am determining with the SEC if such
companies still in fact exist. Also, since most if not all of the
shares of stock were issued in the 60s and early 70s, the par value
may have been modified for corporate financing purposes. I am also
awaiting a formal reply from the UCPB about the extent of your late
mother's shareholdings, since the copy of the stock certificate
furnished me states she has 36 common shares as of September 1976.
Please note that I did not include the PNB peso and dollar accounts,
details of which were provided by Nonoy, since according to the Bank
Certification dated February 26, 2008, it appears that the said
accounts are both in the name of Manuel M. Gamboa, and not in the
name of your late mother.
I assume that your siblings based in the US will be executing a power
of attorney authorizing a Manila-based sibling to sign for them;
absent any information regarding this detail, all siblings are
assumed to be signing in their own behalf, except for your sister, Ma. Elena.
Please revert to me at your soonest convenience for clarifications.
Thanks and regards.
JJ Portual
