PhilCrowd

22/02/2022

Full takeover announcements to be posted at GoPondo page. Pls ensure emails are updated with us. Follow this page and send messages only to GoPondo page. Thank you!

https://www.facebook.com/113312356874014/posts/476698820535364/?d=n

04/09/2021

https://www.facebook.com/113312356874014/posts/390540675817846/?d=n

14/08/2021

We are the midst of finalizing our recovery and liquidation update, as well as business exit strategies due to pandemic. Thank you and pls keep safe!

https://www.facebook.com/113312356874014/posts/377021910503056/?d=n

2021 Recovery and Liquidation Update

Dear members,

We pray that you are all safe. We apologize for the delays in answering messages as we receive a lot of messages everyday and we are working on a skeletal workforce to save on overhead costs.

We are still in the midst of several discussions with project partners. Valuations of projects and farms have taken a hit, hence we are preparing towards a possibility of a lower liquidation value.

At the moment, we are striving our best to negotiate at best deals possible, despite lack of business optimism.

As you all know, we have always been market-based, performance-based, and no guaranteed returns ever promised to members.

Cash collection has also taken a hit because of the current situation of project partners. We are aware of their situation and desire to maintain existing staff and avoid retrenchment as a humanitarian act.

On queries pertaining to Flint Philippines and DV Boer, we agree with their statements that bank operations have been affected due to the SEC advisories. We give our highest respects to our good friends in SEC, however we admit that despite our pure intention to form a legitimate crowdfunding platform, the SEC advisory has put us on a bad light. This is very much true with what platforms have experienced upon receipt of the advisory.

Then came the pandemic as a double whammy.

Despite all these, we are still here.

Things are definitely not looking good at the moment.

We also thank our team for being persistent in negotiating deals despite all these odds.

We are doing a tough job at the moment, and we also need understanding and patience from members as we are all becoming weary and anxious about the future.

We are equally optimistic that we will arrive at best liquidation deals possible, while being realistic that we may end up with lower business valuation.

Our next update will be announced soon and it will be shared among members through a deck.

We support the government’s initiative towards speedy vaccination and this is the only way we can reopen again. Countries globally have turned into lockdown situation once more due to Delta variant spread.

2020 and 2021 are tough years for us and for majority of us.

We are keeping the faith and relying on practical wisdom and guidance from above to go through this pandemic ordeal.

Thank you and pls keep safe,
GoPondo Team

11/04/2021

Dear members,

While the situation is getting worse with steady 10k+ daily cases as of this writing, we continue to send out the Recovery Plan and Business Deck 2020 to members who have not received it.

As we attend to various concerns with downsized staff to cut costs, our response may be delayed.

Collection from partners remains to be a tough exercise as well as getting liquidation processes done.

In spite of that, in preparation for disbursements which may not happen in the near term, we would like members to prepare their payment wallets as there will be no bank deposits or transfers to be performed.

To maximize as well the ongoing crypto run, we have added Binance as a payments platform. For members who have successfully signed up, simply send us an email to [email protected] and state that you have an available Binance wallet for future transfer of liquidated assets.

https://www.binance.cc/en/register?ref=B210RMIN

Our situation remains to be a challenge and we understand how difficult it is for merchants and businesses to navigate the pandemic.

We humbly ask for everyone's understanding in this current situation.

If you have not received the deck, please send us a message through this page.

Stay safe,
GoPondo Team

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22/03/2021

https://www.facebook.com/113312356874014/posts/289670902571491/

18/02/2021

https://www.facebook.com/113312356874014/posts/270039431201305/

Dear members,
The business deck is being distributed in batches via Gmail. Email distribution is automated for the next 14 days, which means all members should receive it. Deck is exclusive to members only. Unauthorized sharing to public is prohibited.

If you have not received the deck, pls reach out to us by March 1.

Most if not all projects now command a lower valuation due to the pandemic. Our goal is to liquidate assets at par value. We have laid down our recovery plan and steps being undertaken such as the challenges during this cash-strapped period. It is difficult to raise cash and sell assets when everyone is making ends meet due to uncertainties.

We reiterate that our silence does not mean we are doing nothing. In fact we are doing a lot of teduous, tiring and frustrating work to process liquidation of all projects. As we have defined in our own, liquidation in this sense is merely transfer of ownership and not liquidation of entire businesses. The main objective is to raise cash to address withdrawal requests of members.

Please take time to read our 80-page deck to understand the current situation and the challenges we are facing due to the pandemic.

Thank you!
GoPondo Team