ANALYSES ROUTINELY PERFORMED IN MANIPULATION INVESTIGATIONS
RELATIVE TO TRADING AND PRICING ACTIVITY, DEMAND AND POTENTIAL MOTIVE

Republic of the Philippines

TRADINGPRICINGBASIS FOR DEMANDMOTIVE
1. Chronological
Transaction Analysis		 1. Chronological
Transaction Analysis		 1. Investor Question-
naire Responses		 1. Realized and Unreal-
ized Profit Calculation
2. Purchase Volume
Analysis		 2. Bid Analysis
 		 2. Chronology of
Significant Events		 2. Compensation Paid
to Regist'd Persons
3. Sale Volume Analysis
 		 3. Pink Sheet Review
 		 3. Review of Issuer's
Public Filings		 3. Review of Issuer's
Public Filings
4. No. of Purchases
Analysis		 4. Pricing v. Inventory
Analysis		 4. Issuer Financial
Statement Analysis		 4. Analysis of Firm's
Financial Condition
5. No. of Sales Analysis
 
 		 5. Ten Day Price
Analysis
 		 5. Issuer and
Underwriter
Questionnaire
6. Wholesale/Retail
Analysis
 		 6. Analysis of IPO
Distribution by
Underwriters		 6. Response Analyses
 
 
7. Control of Security
Analysis
8. Inventory Analysis
9. ASR Analysis
10. Analysis of IPO
Distribution by
Underwriter