Merkado Barkada
October 29, 2025 | 8:20am
Apollo Global [APL] [link], the PSE’s only undersea mining company, told investors that its President, Bonner Dytoc, had been granted “full authority” by the APL board of directors to “proactively identify and advance strategic business opportunities”, with a focus on “creating synergies that strengthen the Company’s core operations” while also “spearheading diversification efforts within the digital sector.” It has now been 1,730 days since APL first told its shareholders and the investing public that its only mining vessel, the MB Siphon I, was in “in position” and ready to begin commercial operations. In the 247 weeks that have passed since that announcement was made, APL has failed to mine a single metric ton of ore. It has, in the 57 months since that announcement, found time to conduct a follow-on offering to buy a stake in the MB Siphon I, changed its President, repaired its tugboat, and renovated its head office.
MB bottom-line: Are we going to get a shitcoin? ALL WE WANT IS FOR APL TO MINE IRON ORE FROM THE SEA BED, LIKE IT SAID IT WOULD DO 4.74 YEARS AGO. Is there even a boat? What are these clowns doing? If I was a younger man, I would buy a million shares of APL (don’t worry, that would only cost P9,000 because this stock sucks), and go to its newly-renovated office at Antel Global Corporate Center in Pasig (near Megamall) every day demanding to see meeting minutes, the stock transfer book, board resolutions, and whatever correspondence I could get my hands on. Not to harass the company (as that would not be a legitimate purpose for requesting those records), but to protect shareholder value (which is a legitimate purpose). I’d take pictures of everything I see (without being a creep or weirdo), and I’d try to get a sense for how many employees actually report to work each day, and of those that do report to work, what time they arrive, what time they leave, and how long they take lunch. If all we get after all this time is some half-baked woowoo Xurpas-like digital bullshit, I’d want all of that data to support the lawsuit that I would absolutely file on behalf of myself and any other aggrieved APL shareholders that are tired of being gaslit. Fortunately (for my family), I’m an older man, and I have more important things to do with my time (like trying to find the best Vietnamese Coffee in town). Current leader is Wildflour. Cheer me up by DMing me with any alternative suggestions in the Makati area!
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