Technology

Get ready to be amazed: Squidpay’s Marvin Dela Cruz joins Twitter, thinks Elon Musk is only worth following so far

Squidpay Technology CEO Marvin Dela Cruz has joined Twitter with billionaire Elon Musk as the only account he thinks is worth following.

Squidpay Technology CEO Marvin Dela Cruz has joined Twitter with billionaire Elon Musk as the only account he thinks is worth following.

Dela Cruz described himself as a “visionary, innovator, developer, inventor, investor and philantrophist.”

Dela Cruz’s first tweet was: “Get ready to be amazed.”

He sent the tweet on February 20, two days before Philippine Horizon Alliance announced its inclusion on the FTSE Global Equity Index Series for Asia Pacific ex-Japan ex-China on the FTSE Micro Cap and FTSE Total Cap indices effective 19 March 2021.

PHA made the cut on nthe highly-tracked index after PHA averaged P190 million in daily trading volume since 29 October 2020 when Dela Cruz’s backdoor listing in the shell company was disclosed.

Squidpay’s 55 percent stake (2.8 billion shares) in PHA is now worth P8.624 billion or nearly 10 times the P925 million purchase price (33 centavos per shares) under the deal with PHA’s owners led by Augusto Serafica.

PHA is not just a fintech play as Dela Cruz planned to use it as a holding firm for contract mining (Premiere Georesources and Development), real estate development (Goshen Land Capital), and tourism estate development (West Palawan Premiere Development).

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