PLDT shareholder riposte

Eyal Shram is a US-based private investor and fund manager who is invested in both PLDT and First Pacific. Last week we published a letter detailing his concerns about the way PLDT was behaving in the recent dispute between its board, and that of First Pacific, over the latter's wish to sell its stake to John Gokongwei. PLDT wrote a detailed response, which we published on Friday. Here Shram writes back with a final riposte. (Both the previous letters can be read if you click on the related articles section at the bottom of this article.)