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The Securities and Exchange Commission (“Commission”) received information regarding the investment taking activities of COMMODORE AGRI-VENTURES. COMMODORE AGRI-VENTURES claims that it bought Sixty percent (60%) of the shares of Requiza Poultryand RQZ Mining tocontinue and expand the latters’business.Based on the information gathered by the Commission,COMMODORE AGRI-VENTURES HOLDING CORPORATIONenticesthe public to invest in the company by allegedly making them “shareholders”.COMMODORE AGRI-VENTURES offers one share in the amount of THREE THOUSAND FIVE HUNDRED PESOS(PhP 3, 500.00). It promises to payten percent (10%) of the share(s) as pay-out in a span of one to two weeks.The investment offer of the company is illustrated below:Further, COMMODORE AGRI-VENTURES has a “Referral Program”whereif you invited a person to invest in the company, you will get ten percent (10%) of the amount of your referral’s purchase. In addition, you will get one percent (1%) bonus from the invites of your referral.
The public is hereby informed that COMMODORE AGRI-VENTURES HOLDING CORPORATIONisa registeredcorporation. However, the Commission did not issue a secondary license to COMMODORE AGRI-VENTURES HOLDING CORPORATION. Therefore, it is notauthorizedto offer, solicit, sell or distribute any investment/securities to the public as such activities require a Secondary License from the Commission. Those who act as salesmen, brokers, dealers or agents of COMMODORE AGRI-VENTURES HOLDING CORPORATIONin selling or convincing people to invest in the scheme being offered by said entityincluding solicitations and recruitment may be prosecuted and be held liable under Section 28 of the SRC. If adjudged guilty, they can be penalized with a maximum fine of Five Million Pesos (PhP 5,000,000.00) or penalty ofTwenty-Oneyears of imprisonment or both pursuant to Section 73 of the SRC.Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal liability, or otherwisebe sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R No. 195542, 19 March 2014).IN VIEW WHEREOF, the Public is hereby advised to exercise cautionin dealing with COMMODORE AGRI-VENTURES HOLDING CORPORATIONor persons purporting to be its representatives.
Should you have any information regarding any investment solicitation by any individuals or group of individuals on behalf of COMMODORE AGRI-VENTURES HOLDING CORPORATION, please send your report to the ENFORCEMENT AND INVESTORPROTECTION DEPARTMENT(EIPD) at epd@sec.gov.ph. For the guidance of the public.Pasay City, 28 May 2020
