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The current situation is simple really.
If the Solar/Battery projects got done in which results in no forthcoming news tomorrow and beyond then the pps craters to who knows where and will continue to languish as time goes on.
This rapid descent will obviously be accelerated by dilution.
If however the lofty projects that have been put forth by SNPW are executed and plans to uplist to a reputable EXCHANGE is announced this will undoubtedly alter the trajectory of the pps altogether.
The fate of SNPW re its viability as a functioning entity begins tomorrow imo.
This will be at 50M share OS, at a minimum, by the end of 2024.
Do the math, and Mark this post.
And what will they do with the funds from the fresh notes? Find a way to sell the next 200m shares in 2025.
“Start making money”
Lol. Boy, if that isnt the cart before the horse, then i dont know what is.
This company is so far from making any revenue/profit, it’s laughable.
Dont get me wrong. Made an absurd amount of money here. But the future here is a bigger joke then its past.
Nope, not at all. The advance notice comment/tweet came as a result of the prior 14c being filed. That’s right, the 14c was filed and then afterwords snpw tweeted that if a reverse was needed they would provide advance notice - they didn’t. In August of 2020 they filed an 8k for a reverse split.
While I am on the subject, oh what a difference a year makes.
The option to implement the reverse was for twelve (12) months from April 21, 2022, the date of the filing of a Definitive 14C with the SEC. As of January 24, 2023, the Board of Directors of the Company has determined to allow the period to lapse and to waive its option to implement a reverse stock split. Sun Pacific management is confident that the business plans of the Company can move forward at this time without the need for the previously planned reverse stock split option. For this reason, and to protect the value of SNPW shareholders, the Board of Directors has made the decision to allow the option to expire without execution. Further information on the Company’s plans for 2023 and beyond will be forthcoming.
https://finance.yahoo.com/news/snpw-board-directors-decided-allow-141500941.html#
I believe October 13 2023 pre-14c was pretty advance notice , wouldn't you?.
My opinions.
ROFLMAO!
As I always said nothing on a public message board is going to effect what happens with a stock long term. The stock price will be determined by how the company will perform or how it doesn't perform.
Facts are
- a 4000 to 1 reverse split happen leaving 244,193 shares outstanding
- Tsingshan Group/FoxESS , SunGroiup, SC Solar, Autowell, and PT.IDN Solar tech Project manager remain partners
- Site visit took place January 12 to 14.
- if the stock price gets above $5.00 a share a mere 1,220,965 market cap ,a whole different class of big money buyers will be able to purchase the stock
- if dilution comes before news small investors are toast
- if significant news comes before dilution there remains a chance for small investors to take profits.
"LOooong weekend for the word to get out about this massive shareholder haircut" so if positive news come out in the upcoming weeks it will not be over shadowed by the sudden shock of the RS.
On way or the other looking forward to the new week.
"Nick also say that advance notice would be forthcoming if a reverse was needed" ????
SNPW 1:4000 Reverse Split
https://otce.finra.org/otce/dailyList
02/15/2024 Reverse Split/CUSIP Change 02/16/2024
SNPW Name Sun Pacific Holding Corp.
Fair warning?? That's bullshit!!
The famous fair warning issuing a Definitive 14C, for a 4000:1 Reverse Split, with no expiration date or definitive option period. Lmao!
Everyone and their fairy godmother knew that was a clear sign it was going to happen. It just so happened to happen sooner
than the maestro planned due to the BIG FLOP with the "China Trip & Tape Measure Site Visit" PROMO.
Everyone and their tooth fairy knew the goal was to get to, at least, .02 cents from that Combine PROMO.
LOooong weekend for the word to get out about this massive shareholder haircut. Not good! And, now, you have another one of your "Waiting on News" pitches going on, louder than the beer guy, at an NFL football game. Someone has been expecting news, every Tuesday, for the last 27 months, because your mentor thinks Tuesdays are so great for press releases. LOL! He's a clown.
my opinions are just that
good luck
I believe October 13 2023 pre-14c was pretty advance notice , wouldn't you?.
14C not happening anytime soon or even a possibility at this time. We will leave our options open as we proceed to complete our funding for our solar project to build a 1GW production plant. #buildbackbetter $SNPW #SOLAR #Finance #inflationreductionact pic.twitter.com/8xqG945vQc
— Sun Pacific Holding Corp (@SunPacificPower) September 6, 2022
Correct me if I am wrong, but didn’t Nick also say that advance notice would be forthcoming if a reverse was needed? My opinions.
No, just remembering an e-mail reply Nick gave me when I asked him if the RS was to raise capital for the project, still gives me hope.
Busy trying to make prime rib of dog doo
It's like watching that episode of the 3 stooges when they were trying to stuff a turkey with stuffing still in the can.
What a complete circus and waste of time.
Pack your bags and book your departure to save whatever few dollars (or literally pocket change) you have left after next week. Better late than never.
Kazi tried to tell the same people trying to stuffing the turkey like Moe, Larry and Curly..... a long, long time ago..... it's only going to get worse.
And remember what Kazi told ya'll....."Bankruptcy is slow.....until happens fast"
ceo needed to go before he started.
nyuck, nyuck, nyuck
my opinions are just that
good luck
Based on prior run, topped at 800-900/share, so 400x if they don't dilute. If they actually start making money they projected, then another story all together.
You are absolutely correct, I mistakenly used $5.00 (0.0013 pre split) instead of $2.00 because that is the price that is required to meet the threshold where big money would have the ability to buy.
Thank you for the correction so other than having the stock price drop to 0.0005 nothing has changed and the following remains possible.
OS is less then 250,000 shares.
How long will it stay there is yet to be determined.
Company needs to raise cash, they could do it with preferred shares no raise in OS
Company could do it with restricted shares a long time before OS rises.
If financing secured, property secured , equipment ordered or a Chinese company acquires a major stake in the company news comes before dilution then there remains a change to profit here for those that held.
drop in share price to 0.0013 pre-split ??
Where did you get your data? Fidelity is showing a closing price of $2.00 for SNPWD on volume of 1,196 shares.
That is equivalent to a "pre-split" price of $.0005.
I find the same data on Schwab as follows:
Let's not get ahead of ourselves because At the moment there is no effect on current share holders, other than a drop in share price to 0.0013 pre-split
But at what costs to current shareholders…. Pre split holders of the outstanding shares account for roughly 975 million out of the 1 billion authorized shares. Post 4k reverse split holders own roughly 244 thousand out of the 1 billion authorized shares. Further, the company will yield 999.7 million new shares to utilize as they deem beneficial.
Good luck trying to convince current shareholders that the reverse is a good deal for them, even if the objective is a new exchange.
My opinions.
For all remaining holders, come Tuesday morning there is one Hail Mary left in the playbook
SNPW now has 244,193 shares of common stock outstanding.
If financing news and closing of the property comes before dilution, there is still a probability of profit. A hundred dollar stock price (2.5 cents pre-split ) would be a 24,419,300 market cap., a two hundred dollar stock price (5 cents pre split) would be a 48,838,600 market cap which the company has exceeded before.
If the RS was done to make room for the new tenants (the lender(s) ) then that is still possible.
If the RS was done to raise money and dilution starts it looks like we go home empty handed.
Now before any one chimes, in an important point to consider is if SNPW remains above $5.00 (0.00125 pre-split) with significant news and before dilution, a whole difference class of money will have the opportunity to buy the stock.
$SNPW> 8K> https://www.otcmarkets.com/filing/html?id=17285026&guid=TLd-kaA7i-dfJth
https://www.otcmarkets.com/filing/html?id=17000358&guid=TLd-kaA7i-dfJth
The Board approved a resolution to give to the Board of Directors of the Company the option to effectuate a reverse stock split at a ratio of 4,000 to 1 after the filing of this Form 14(c). Our stock price has made it difficult to attract new investors and potential business candidates and opportunities. The Board of Directors believes that a reverse stock split will help prepare the Company to meet the listing requirements of the OTCQB or other exchanges.
Where is 1jk1 ? I actually listened,
looks done <> 02/16/2024 SNPW Pink Open Market LogoSNPWD Sun Pacific Holding Corp. Common Stock Pink Current Rev shs decreased by 1 for 4000 split
Every broker is different, it should happen within 1 or 2 days.
How come it takes so long to change while the stock is allowed to be sold or drop before you have a chance to even sell those shares
I had 2.6 million shares
Your broker will update your account within a a day or two. If you had a million shares -250 shares now.
So on my trade account it says I have a balance but it doesn't say I have stock in snpwd it just has a bunch of weird numbers of what used to be snpw. Is my stock worth nothing? Can I sell this or cash it out? Is my account really zero? What do I do here?
100% correct midwesterner. I sold enough to have a zero cost basis, but had hopes that nick and the companies future outcome would have been different, too bad nick chose to anilate existing shareholders. A very raw fucking
Too bad you missed a great run in 2021, it a lot of fun selling a stock I brought for 0.002 cents for over 30 cents.
To bad that you thought the RI-DEM were con artist when they sent out that letter after their final judgement of "intent to approve".
Plus I know very few con artist that give their shareholders a very fair warning that a RS might happen.
But hey that just me.
I don't invest in SCAMS.
That's financially detrimental for us non promoters and I don't donate to con artists either.
How's your old running buddy Casmir Kobesky doing lately?
It never ends, unless the feds end it.
Yup...and as soon as shareholders are totally wiped out the DILUTION machine will fire back up. For a $50-$60 filing fee the AS can later be increased to oh....10-20-50 BILLION shares.
Seen this same BS for a decade+ in the OTC.
ROFLMAO!
Very possible, but if you are a smart investor you would have always known that it was always a possibility.
But I am a tea leaf readers and once I found a missing tea leaf yesterday it makes sense, that Tuesday might be a fun day.
Here's my prediction.....Pain
Oh, well, That is investing in the OTC, so what else is new?
Still curious what Tuesday will bring.
Of course you disagree.
And Of course your pet scam just took another 50% haircut.
You're brilliant.
Won't happen without a EOD paint job.
2.55 right now.
No, They should be happy if it closes at $4.
Guess this won't be closing at $16,000 today eh??
ROFLOL!!
Was it 10 shares? Bid and Ask now showing up.
BID at 2.00
Disagree of course
lol. hope you didn't pay this;
SNPWD
Sun Pacific Holding Corporation
16000.00
0.00 (0.00%)
Just bought on Wells Fargo Brokerage, SNPWD. Willing to give it a risk, like any other stock
Waiting on the Transfer Agent to replace with new shares.
Big picture, from my perspective, is as follows.
. Pre split shareholders will have their share holdings decreased by 1 for 4,000. For every 1m shares owned pre split, 250 shares will be owned post split.
. Snpw will have roughly 999.7 million new shares post split to use as they deem necessary.
. I see little reason to issue a reverse split unless there is a believed benefit/need for the availability of new shares. One might be to increase the share price, see next point.
. Post reverse split price will be approximately $4. Will this hold, time will tell but I doubt it. Shorts could be over it, current holders could sell due to their shares being decreased so substantially - holding 10m shares pre split at less than a penny is much more exciting than owning 2,500 shares post split at $4 just isn’t as exciting.
. With the new 999.7 million new shares there is a risk of future dilution.
. Snpw could issue exciting news that could positively impact the price. I personally think price appreciation is going to be tough, at least short term, based on the above. But anything is possible.
My opinions. Best to all.
It depends on which trading platform people are using. It could be 1-3 days. Usually these RS's start trading around 1-2pm CST after they steal shares from existing shareholders and then charge a fee for doing so. No one can buy or sell until this officially becomes SNPWD.
This crap won't trade at 4000 times the pps it was at yesterday just because they did a few mouse clicks to schedule a RS. RS's always go south and in a HURRY.
Good question. Remember reading someone saying it takes two days for those holding pre-split SNPW shares to sell their SNPWD shares.
I really don't know for sure. On-the-other hand if you want to BUY SNPWD shares, you should be able to do so today.
After the "shock and awe" yesterday, I'd be very surprised if anyone bought SNPWD shares today.
anyone can buy today. those that do buy today can sell today. existing shareholders can not sell until their shares have been replaced with new shares in brokerage accounts. that takes between one and a few days.
Thanks for infos.
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Sun Pacific Power Corp E-commerce Catalog: https://store.sunpacificpower.com
Sun Pacific Holding Corp
345 Highway 9 South
Manalapan, NJ 07726
Phone: (888) 845-0242
Email: contact@sunpacificholding.com
Sun Pacific Power has become a diversified publicly traded holding company, “Sun Pacific Holding Corp” (OTCQB:SNPW) to encompass all of its subsidiaries Sun Pacific Power Corp, Street Smart Outdoor Corp, Bella Electrical LLC, National Mechanical Corp, Sun Pacific Security Corp. From the beginning we have continued to build upon our management`s knowledge and experience. We have focused on our primary mission which is serving our customers and now serving our shareholders. We do that by providing quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology.
In 2016, the company successfully overcame a number of challenges to achieve significant progress, building on the momentum we have established in recent years. At Sun Pacific Power, the most important accomplishment was obtaining final design of our Smart Solar Bus Shelter, which we started deploying in Sayreville and Howell NJ. It is the most cost-effective path forward and the best option for our customers, providing LED lighting for increased visibility and security as well as other technological additions not previously available. It will also benefit the entire state by supporting economic stability and providing meaningful environmental improvements. Sun Pacific also continued to build on its positive financial momentum. The company received additional capital to add additional street furniture in Tallahassee Florida and New Jersey.
We at the company are committed in putting our customers first in everything we do, and I’m proud to say that our efforts are providing these results. Our customers tell us that they value our reliability above all else, and we take that responsibility very seriously. In 2016, Sun Pacific Power was able to add several additional contracts both on street furniture, advertising and for our Electrical/Construction division. Putting our customers first is the right thing to do, whether we’re talking about homes or businesses, or advertising for our end users. It builds trust, it makes the company stronger, and it supports other important efforts including helping the communities we serve in meaningful ways and building sustainable value for you, our shareholders.
Sun Pacific and its subsidiaries are dedicated to being responsible stewards of the environment and are consistently improving sustainability efforts, while at the same time fulfilling the core responsibility of delivering reliable and affordable service to customers.
In 2016, Sun Pacific Power expanded its use of renewable resources, adding our LED lighting service as well as improving our non-glass solar panel design and proprietary process. Sun pacific Powers use of renewable energy provides the additional benefit of reducing power consumption from our new bus shelter design. The company’s robust energy conservation and efficiency programs are helping customers reduce energy. By also adding solar we allow our bus shelters to qualify for a federal tax credit of 30% for utilizing solar power.
Looking to the future, we are excited about the opportunities ahead and confident that by continuing to execute on our plan, we will build upon the significant progress we have made to date.
We have also been able to respond to RFP`s for additional states and municipalities with an opportunity to acquire more revenue channels.
We remain focused on our core business of delivering reliable, affordable and environmentally responsible service and products. The company will continue to invest in essential capital projects to meet the evolving customer demand and take advantage of developing technology, such as renewable energy, outdoor advertising, and distribution.
We are also well prepared to meet the challenges we face in a rapidly evolving business and regulatory environment. The company is working to strengthen relationships with stakeholders and finding new ways to collaborate to find constructive solutions to mutual needs and concerns. These relationships are critical in helping to secure acquisitions and expansion in current and new states. At the same time, we continue to responsibly manage operations and control costs, while consistently improving customer service and supporting our communities. Collectively, we are planning on additional expansion in other communities for our street furniture division as well as increasing revenues in our current electrical division. Our success to date is the result of the hard work of our dedicated and skilled Sun Pacific employees. They truly make this a great company, and one which I am genuinely proud to lead.
Nicholas B Campanella
Chairman, President, and CEO
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information here.
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