In the Matter of Knight Capital Phils., Inc.

July 23, 2010 SEC ADMINISTRATIVE CASE NO. 07-10-121 IN THE MATTER OF KNIGHT CAPITAL PHILS., INC. ENFORCEMENT AND PROSECUTION DEPARTMENT , petitioner . FOR : Revocation of Certificate of Incorporation ORDER In view of the findings of petitioner Enforcement and Prosecution Department (EPD) that all the addresses provided by the incorporators of Knight Capital Phils., Inc. ("Knight," for brevity) in their Articles of Incorporation are false and fictitious as evidenced by the following notations on the Notice Requiring Appearance at an Examination issued by the EPD on 01 June 2009: 1) Anacleto C. Gemida Address was not located because there is no M.A. Reyes Street in Silverio Compound, Barangay San Isidro, Paraaque City; 2) Marilou Fernando Address is valid but addressee is unknown. People who were living at the address for more than 5 years do not know Ms. Fernando; 3). Glenda Ibarra Could not locate Sanchez Street in Paco, Manila. There is also no Sanchez Street in the EPD's Road Map; 4) Andrea Mangsat Address could not be located because the house numbers in Lapu-Lapu Street, are up to 3 digits only while the house number of the addressee as indicated in the AOI is 2352 (sic) ; and 5) Edward Cabling Could not find Faustino Street, in Paraaque City in the EPD's Road Map. The team also tried to verify this street with the two barangays visited by the team and with the traffic enforcers at the Sucat Road to no avail (sic) . This Office concludes that any attempt to personally serve the summons upon Knight and its incorporators at the aforesaid addresses would be a waste of time and effort by the Commission's process servers. LibLex Considering the foregoing, and the fact that this petition was filed in behalf of the Commission, service by publication under Section 4-9 of Rule IV of the 2006 Rules of Procedure of the Commission is justified. WHEREFORE, let the SUMMONS dated 23 July 2010, together with this ORDER and a copy of the PETITION for Revocation of Certificate of Incorporation dated 19 July 2010, be immediately posted in the Commission's website (www.sec.gov.ph) for thirty (30) days. Also, let a copy of this Order and the Summons dated 23 July 2010 be published once in a newspaper of general circulation. Respondents may avail of the copy of the petition from the Office of the General Counsel of this Commission during office hours. Accordingly, all publication expenses shall be borne by the petitioner. Let the Enforcement and Prosecution Department be furnished a copy of this Order and the Summons for its appropriate action. SO ORDERED. Mandaluyong City, July 23, 2010. By Authority of the Commission: (SGD.) VERNETTE G. UMALI-PACO General Counsel Published in The Philippine Star on August 12, 2010.