Atty. Canete Explains the Genius of SolGen Calida in Quo Warranto Case vs. ABS-CBN

Veteran lawyer and prominent government prosecutor Atty. Darwin Canete explained the genius of Solicitor General Jose Calida on his controversial Quo Warranto case filed against the country's largest TV Network, ABS-CBN.


According to the veteran prosecutor SolGen Calida's genius is finding your vulnerability and decapitates you there.



Atty. Canete remarked that the Quo Warranto case filed by the SolGen versus ABS-CBN's franchise is the perfect example for Calida's genius at work.

The prosecutor arrived at the conclusion after he noted that the Quo Warranto case was filed in the Supreme Court, the alleged ABS-CBN supported attacks against Calida and the Duterte administration has exploded exponentially.

Canete believed that ABS-CBN owners find the Quo Warranto more alarming than the rejection of their legislative franchise. The lawyer explained that the quo warranto is more dangerous because if the PDRs for Filipino media are foun illegal, this nullifies them as capital-raising instruments.

Meaning, ABS-CBN can no longer raise money from foreign investors via PDRs (Philippine Depository Receipt). Worse, it exposes them to massive financial liability.



Read the Complete Statement of Atty. Darwin Canete: 

From where I sit, I find the explosion of ABS CBN supported attacks indicative that they find the quo warranto case more alarming than the rejection of their legislative franchise. I'm sure ABS CBN already gave up their drive for renewal. 

The quo warranto is more dangerous because if the PDRs for Filipino media are found illegal, it nullifies them as capital-raising instruments and exposes them to massive financial liability. Losing the franchise is recoverable and a case of a bad bet on politics. 

Invalidating the PDRs cuts them at the neck. Investors can claim syndicated Estafa if those PDRs become known as fraudulent financial instruments. 

That's the genius of SG Calida. He finds your vulnerability and decapitates you there.

Source: Darwin Canete FB Page

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