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Grandtime Automobile, Inc.

SEC Advisory • Securities and Exchange Commission • Advisories • Jul 31, 2015

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July 31, 2015 SEC ADVISORY The public is hereby warned concerning the investment-taking activities of GRANDTIME AUTOMOBILE, INC., (also being referred to as "GRAND TIME" or "GTA"). Per verification, GRANDTIME AUTOMOBILE, INC. is operating a marketing plan divided into three (3) parts called "Jumpstart," "Main Turbo" and "V.I.P. Turbo" with three (3) laps each. Potential members are enticed to pay an initial entry fee in Jumpstart in the amount of P1,500 with a promise of earning a return of investment in the amount of P1,200, once any of the three (3) slots in the third level of the table is filled in, for a total of P3,600 for the first lap, and a referral fee of P100 for the person who recruited the member. To be able to exit, the member must recruit two (2) other members, who are, in turn, required to recruit two (2) persons each. The investment scheme also features various fixed entry fee requirements of P3,600, P12,000, P13,5000, P36,000, P120,000, P50,000, P144,000 and P480,000, which are required to enter each succeeding "lap" after exiting the first lap. It also features increasing amounts of returns and promises the opportunity to earn P175,000 that the member can use as downpayment to avail of a car loan, housing loan or travel expenses, depending on the member's choice. At the end of the last lap, the scheme promises that the exit bonus of P480,000 will be invested by the company "in the stock market and other investments." GRANDTIME AUTOMOBILE, INC. is NOT AUTHORIZED to solicit investments from the public as it did not secure the necessary permit from the Commission as required under Section 8 of the Securities Regulation Code. Based on its Articles of Incorporation, it was formed only for the purpose of operating the " business of DRIVING SCHOOL and other related services which may be deemed incidental to the purpose." It is apparent that its avowed purpose does NOT include the undertaking of investment-taking activities. HSAcaE Those who invite or recruit other people to join or invest in this venture or offer investment contrasts or securities to the public may be held criminally liable or accordingly sanctioned or penalized, in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos [G.R. No. 195542, March 19, 2014]. In view thereof, the public is advised to STOP INVESTING in this kind of investment activity and to take necessary precautions in dealing with the above-named entity and/or its representatives. Should you have any information regarding the operation of this entity, please call the Enforcement and Investor Protection Department at telephone number: (02) 584-7187 .

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