QUESTION: Sir John, what is the anomaly we expect to see in the proposed PAGCOR sale? ANSWER: It is called UNDERPRICE ANOMALY. Example, government have asset worth $25B, government crooks will sell it at $10B. As a result, the buyer saves $15B and will pay government crooks 50% of the $15B price-cut as kickback.
In my rough calculation in this particular deal, potential kickback is around $7.5B that is roughly around 375B Pesos.