“SCHUTZENGEL TELECOM PROJECTED A 22 BILLION PESOS REVENUE IN FIVE YEARS”
The Fallen Angels: Exposing Corruptions or moved
by Greed and Love of Money?
WHAT is “greed”? The dictionary define “greed” as “intense and selfish desire for something, especially wealth, power, or food.” According to the Bible, “greed” is improper for God’s holy people:
Ephesians 5:3 NIV
“But among you there must not be even a hint of sexual immorality, or of any kind of impurity, or of greed, because these are improper for God's holy people.”
Regarding the love of money, this is what the Bible says:
I Timothy 6:10 NIV
“For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”
Schutzengel Telecom, the telecom business established by Angel, Marc, Joy Yuson, Farley de Castro, Lowell Menorca II and Rovic Canono (the leaders of the expelled members opposing the CHURCH ADMINISTRATION), projected a 22 Billion pesos revenue in five years (from 210 to 2015):
“MANILA, Philippines - Newcomer Schutzengel Telecom, Inc. (STI) is earmarking P4.37 billion in capital expenditure (capex) to put up the infrastructure for its nationwide broadband network project…
“The company said it is projected an aggregate income of P9 billion in five years, with an average EBITDA rate of 60%. IT IS PROJECTING REVENUE TO REACH P22 BILLION IN FIVE YEARS.
“STI, which is said to be backed by the religious group Iglesia ni Cristo, expects to swing into profit on its second year of operations, and earn P1.8 billion, which will increase to about P3.4 billion in five years.” [“Schutzengel Telecom earmarks P4.37-B capex” ABS-CBN News, May 20 2010, emphais mine.]
However, as Joy Yuson (one of the “minions” of Angel and Marc) testified:
"26 times daw ako nagpunta sa Japan para bumili ng equipment 2 times lang po ito sa buong buhay ko kasama ang KA ANGEL at KA MARC. Hindi para bumili ng gamit kundi para makipag-partner ang GEMNET sa mga hapon…
“ANG PLANONG ITO AY INIHINTO NG SANGGUNIAN…” [Pangalawang Liham ni Joy Yuson, 11 Agosto 2015]
"they say 26 times I went to Japan to buy equipment(s) but only 2 times in my whole life with KA ANGEL and KA MARC. Not to buy equioments but to negotiate the partnership of GEMNET with the Japanese…
“THIS PLAN WAS STOPPED BY THE SANGGUNIAN…”
A PROJECT PROJECTING 22 BILLION PESOS REVENUE IN FIVE YEARS, BUT WAS STOPPED BY THE SANGGUNIAN! Greed indeed move them to rebel against the Sanggunian and made up stories to malign the CHURCH ADMINISTRATION, as what the Bible says:
II Peter 2:3 NIV
3In their greed these teachers will exploit you with stories they have made up. Their condemnation has long been hanging over them, and their destruction has not been sleeping.