Angeles City—Lokal Plate Corp. (LPC) on Wednesday said no complaint has been filed against the company and denied any irregularity in its business activities.
During a press conference on Wednesday at the Vista Verde clubhouse here, Lokal Plate Corp. (LPC) President and CEO Brian So presented LPC’s articles of incorporation from the Securities and Exchange Commission (SEC) approved last August and its amendment, which was approved on November 11.
So said the LPC has not received any complaint filed against the company other than an “advisory” from the National Bureau of Investigation (NBI) not to sell securities to the public.
LPC legal counsel Peter Paul Maglalang said it appears that the NBI has been misled by a certain Angela Santos regarding the alleged unspecified irregularities by LPC. He explained that as far as Lokal Plate is concerned, it is not soliciting investments and is not engaged in the trading of securities.
LPC said it is in the business of franchising which is compliant with its SEC registration. He said LPC has the articles of incorporation from SEC to support its claim.
“The Securities and Exchange Commission and the National Bureau of Investigation have been misled by an anonymous complaint [from] Angela Santos. Santos is not a franchisee and is not involved in any of our business. We simply don’t know her. We believe that we were deprived of due process,” So said.
“As a legitimate business, we don’t tolerate any kind of fraud. Thus, they can expect that we will fully cooperate with any investigation to clear our name and to dispel the rumors that we have no legal authority to engage in franchising or we use franchising to solicit investments.”
So also said he is speaking on behalf of the nameless and faceless micro, small and medium enterprises (MSMEs). “I am using my voice to amplify these MSMEs’ silenced voices that could’ve thrived but already fell victims to giants in the industry that will not allow newcomers. At Lokal Plate, we will turn these scars into stars for everyone to see that in the battle between David and Goliath, underdogs can overcome the odds and be successful.”