BY THEPHILBIZNEWS STAFF
One Instant Tycoon (IC) has aggressively acquired companies, imagining himself invincible. Despite his absence from Forbes’ list of the richest Filipinos, IC’s ambitions knew no bounds—much like his political patron. But what seemed like a meteoric rise would soon reveal its inevitable flaws.
Without a competent financial adviser, IC indulged in a dangerous fantasy of unlimited power. He believed he could buy any company, including a giant TV network, despite cash flow issues that should have grounded his ambitions. Whether due to arrogance or ignorance, he ignored basic financial principles like liquidity and solvency, in the same way his political ally ignored sound governance.
Speculation abounded that IC’s aggressive tactics forced companies to sell, as two businesses previously attacked by his group saw their stock prices plunge. IC, like his patron, capitalized on fear.
Yet the cracks began to show. IC’s business empire was too diversified and too costly to sustain. As cash flow problems mounted, his reckless expansion mirrored the increasingly unsustainable behavior of his political patron. Both men were driven by hubris, blind to their impending collapse.
Despite growing notoriety, IC shamelessly pursued deals, luring shortsighted investors into joint ventures with promises of easy returns. But his boldest move—securing a partnership with an international firm—became his undoing.
The foreign company, intrigued by IC’s promises, conducted due diligence, even consulting their embassy to validate his financial claims. The truth came out: IC’s financial strength was an illusion, much like the empty assurances of his political ally. He boasted of offshore wealth, but no credible partner would invest in a man whose money wasn’t even in the Philippines.
Confident that the joint venture was secured, IC was stunned when the international partner abruptly backed out. THEPHILBIZNEWS discovered IC is still puzzled by the failed deal, oblivious to the parallels between his fate and that of his political benefactor, whose own reign is likewise crashing.
In the end, what seemed like unstoppable ascent—both for IC and his patron—is vanishing as quickly as it had appeared.
