20/04/2019
I have waited this long to create a post on this page mainly because I have to gather more factual data and dig the truth behind what it seems as an unjust persecution of a dynamic cooperative, the Nutriwealth Multi-Purpose Cooperative.
I want those who can read and get hold of this post to share it, spread the truth to the all the Nutriwealth members, specially to those who were blinded by irresponsible and distorted facts about the initial CDA Cease And Desist Order (CDO).
Here are the chronological facts and you will see why Nutriwealth is continuously undergoing persecution perpetrated probably by some influential people or group due perhaps out of envy with Nutriwealth's fast growth through a new paradigm they want to imbibe for the growth of the cooperative industry.
1. The CDO came about when the audit was conducted by the CDA representative, who has jurisdiction over them. And like any other cooperatives that were subjected to audit,some flaws in the coop program were found not in conformity with the CDA rules and policies.
2. With the CDO, the CDA issued "Order of Compliance" whereby Nutriwealth was required to accomplish within a specific time frame. And within the given time frame Nutriwealth was able to complete and submit all the compliance that were required. However, even before the compliance were evaluated, the another office of the CDA issued a "Resolution" ordering Nutriwealth to ttop its operation (which I believe was done post haste to add "salt to injury" being inflicted on Nutriwealth).
3. What seemed to be an irregular issuance of the Resolution, the legal counsel of Nutriwealth filed a request for the Court of Law to intervene, "in order to get the truth and be clarified of the Order of the Resolution.
Summons were served to the legal representative of CDA. And during the line of questioning of the presiding judge regarding the CDA Resolution, the CDA legal representative could not give any reply at all.
In view of the circumstance, the presiding judge awarded a Writ of Injunction in favor of Nutriwealth and rendering the said CDA Resolution to be set aside until a valid, reasonable, acceptable, and justifiable explanation is submitted by the CDA legal representative to the Court.
NOTE: As of this day NO written explanation is submitted by CDA legal representative.
4. It is also interesting to note that ALLEGEDLY, some people connected with CDA approached some Nutriwealth members and persuading them to issue a false statement just to support their casein court. These people who were previously protagonist of the coop saw the glaring truth that someone or somebody wants to see Nutriwealth persecuted by employing illegal tactics.
Now these people is now on the side of the truth and return to the camp of Nutriwealth Cooperative.
5. In desperation, the alleged people trying to persecute Nutriwealth, had used some people lodge a complaint with the Securities And Exchange Commission. Despite NOT within their jurisdiction, the complaints were entertained whereby a SEC issued a public warning that Nutriwealth is a scam.
The lawyer requested a meeting with legal department of SEC to clarify matters by pointing out that there was NO due process and NO proper legal procedure.was followed by issuing the "public notice, when SEC did not call the attention of Nutriwealth regarding the complaint. Admittedly, SEC legal department confirmed they have no jurisdiction over cooperative, that their action was indeed done in post haste by just seeing public interest.
The error and lack of diligence by the SEC authorities tarnished and created a bad image about Nutriwealth and its management. But the truth is now slowly coming out. I could see the light at the end of the "dark tunnel."
My admiration and confidence with Nutriwealth and the entire management (including the board of directors) has never waned. Their continuing fight for legal rights, their never ending in seeking solutions to the organizational issues and concerns, only shows that the interest of Nutriwealth members and partners is paramount to the the trust vested on them.
I have NO DOUBT, they can soon WEATHER THE STORM and TO GOD BE THE GLORY! . .