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Thanks for confirmation. Probably no trades though today.
- jmho
Is it going to trade today or does it take some time to fully process the R/S? Other R/S shares I have been involved in, it started trading the next day.
SNPWD - BID 2.61, ASK 4.00 - Info from Fidelity
You probably will be right.
i see a precipitous drop from $4.
Maybe I am, I do have a right to dream.
It was so unimportant that you and another eejit were going back and forth trying to explain what an "Exchange" was innit!
Wasnt it you that even posted the relevant SEC descriptions!?!
Dont be sour that everyone now knows ye cant read just do something about it wanker! lololsss
Can't trade the stock? Shareholders depending on their broker will be not be able to trade (get the HELL OUT) for 1-3 days depending. It takes time to STEAL those shares from people--and it is THEFT.
People holding 1M shares yesterday will now have 250 and charged a pretty good fee to get screwed.
This stock will never hold that 4.00 pps,they never do.
You might be right!
But until the doors finally close one can hope,
Question
How much stock did the company have to sell Nov 29 2023 to January 20 2024.
CEO states his and his family stock is lock in Trusts.
So who benefited from that "so called pump" ?
BTW
no rumors!!
Just my opinion
and if you believe the stock is dead why so concerned over my opinion?
there may still be time to profit here.
you are dreaming.
THERE IS NO NEWS. Stop the rumors!!
The 4000:1 R/S was only to keep the company/ceo's lifestyle in tact. It's worse than a drunken sailor.
There is no financing and will never be for this empty shell.
The shareholders are screwed. There's no path to making any real money for longer term shareholders due to the pending MASSIVE stock dilution. You knew this was a very scary scenario months ago and admitted it. This was the most likely R/S for the ceo pull the trigger on since it was worth it being able to give enough shares away to draw shitty toxic private lending to just piss away for during another two years of teenage mentality tweets.
The company has earned the right to NOTHING. It CANNOT execute when it comes to sales and revenue.
If it wasn't for twitter head games and pumping the stock would have been at .00001 almost 3 years ago.
my opinions are just that
good luck
Purely speculation
Sometime between 6/30/2023 to 813/2023 the contract to purchase 2251 Old Curtis Road Elba AL expired, believed to be an issue with the property based on the simple fact the Seller never relisted the property
10/13/2023 a pre-14c was filed giving the option for the company to do a 4000 to 1 reverse split. Just several month prior the company cancelled a reverse split option stating that one would not be necessary at this time .
So what changed?
I believe the issue which caused the contract to expire with 2251 Old Curtis Road Elba Alabama could not be rectified forcing the company to seek an alternate site.
Based on the photos of the site visit it appears the site visit took place in Dillion SC at a facility for lease and not for sale.
Since the company would not have a newly remodeled manufacturing facility to be used as collateral for the lender(s) something else had to be given to secure the loan.
That something is the company itself and hence the RS option was put back in place.
What is the short term fate of the long shareholder?
If the lender(s) take their collateral in prefer or restricted states and financing is announced there may still be time to profit here.
The two key are going to be how soon dilution will follow the RS and how long after today will significant news take place.
Hoping to have our answer on Tuesday.
Good luck all,
All the asshole posters got it perfectly right after all these years and all the rest of us hopers in nick got our asses handed to us in the literal end
Already a d - snpwd, so rs is on. There will be dumping at $4 just like there was dumping today because the company is a facade, it only has hopes and wishes and nothing tangible worthy of an 8k. The rs should have been accompanied by a 8k defining stellar news and events, but since there is really nothing there but a facade, shareholders are now screwed. And too try and make any of the facade talk real, they will need to raise capital causing massive dilution, so current shareholders are fucked. It's another horrific otc rs where shareholders are wiped out. This will be the equivalent of a .0001 stock in the near term.
Midwester exactly right, if it opens at $4, without any news, it tanks just as bad as it did today. They have nothing solidified, no cash prior to today, and tomorrow nothing will have changed. There will be zero reason for this to be 4$. If there were something material valid worth 8k ing, the rs and that 8k should have been announced simultaneously. As it is, the RS here is like every other bad OTC RS, and every shareholder here is massively screwed. By the time it is tradable again in your brokerage accounts, it will basically be worthless.
No offense but how will there be dumping if people can’t trade the stock lol
Price per share at 4.00 tomorrow because they did a few mouse clicks to file for an RS. The AS stays the same and the DUMPING will begin again. That's how RS's work and this one is MASSIVE. People that own this SCAM won't be able to trade it for a day or two and will be charged a fee by their broker.
Thanks Kazi. I listen to your finally, and sold it last August got partially my money back. I should’ve paid attention to your posts before, but I didn’t.
Kazi must be on vacation now & partying,
lol
I am glad I sold it last August. I lost $$, but at least got some $$ back. I did listen to Kazi finally and sold it.
Wow, this is a big R/S.
History shows that, on average, within six (6) months an OTC Pink PPS will decline by 80+ percent from the PPS on the first post-reverse split trading day.
Awwww I can sense the anger built up in you from me calling you that hahaha! I posted many times my frustrations with the company when they filed the RS. I even stopped posting for a while I was so pissed off. I was more pissed then than I am now because the thinking at that time was RS seemed to be an unfortunate definite. As for pumping? Na ya donkey I’m engaging in discussion about a company I’m invested in and having fun with it. Where’s kazi an wallstreet I feel like I’m talking to a nail. For once please contribute something to the board. 4 sentences would be stellar.
You're the dummass who invested in this SCAM and pumped the dog shit out of it, not me.
Enjoy those losses now. You deserve it.
Guess the joke went right over your head. Scratch that, back to dummy.
Lolololol more like the scam broke down board.
When you play in the OTC long enough you die and come back to life many times.
Before the grammaticist catches you I'd recommend you change "live and die" to "live or die".
Obviously you can't both live and die unless you have some remarkable powers of revival. LOL
Thank you for clarifying this important topic.
Case closed??
Sure is interesting. My position will live and die by what they do post split. We'll see?
The sentence cited re the otcqb or other exchanges is located on pg6 of the
Or other exchanges
IDK. But makes total number of trades today impressive.
Approaching 3,000 trades as I write this post.
https://ih.advfn.com/stock-market/USOTC/sun-pacific-pk-SNPW/trades
The grammaticist has spoken. Unfortunately he doesn't read well either. The word "or" was not in the quote. If it had been I'm sure I and lucky, mydog would have easily understood the meaning you suggest, and no argument would have ensued.
And some of you all here obviously dont or cant READ/COMPREHEND!!!
the listing requirements of the OTCQB [or] other exchanges.
That simple two letter word OR is the most important word in that sentence for context because it differentiates between the OTCQB and OTHER EXCHANGES.
Theyre not saying the otcqb is an exchange....it would be so if the sentence used AND.
As for the gloating by some I suggest reading post 81227 which references my current position re SNPW holdings.
Did the same with WAMU, RVVTF and HMBL among many others, ie my SOP when trading
You cant lose with FREE SHARES!
With that said I will openly admit that I am not happy at all that news was not announced with the adoption of the RS.
In any event it is what it is and will be waiting to see what transpires in the coming weeks.
SNPW been on my radar also.
Missed the last 2 pops, but maybe I'll get lucky once the dust settles from today's action.
What the heck is up with all the 1 share trades?
Oh I agree, this is of my radar now. RS 95% of the time is disaster for commons
But I have seen some used without diluting and run hard soon after.
It always comes down to assets/revenue rolled into the entity. Lets see what Nick has up his sleeve.
less than $100K dumped this AM. Chump change down here, tbh.
but the vast majority of them (at least on the OTC) do not work out very well at all.
No comment. I have more personal experience with RSs than I wish to remember.
Hope things work out better for this reverse split, but the vast majority of them (at least on the OTC) do not work out very well at all.
yeah, have known that for years. so what?
Some do not understand what an exchange means to the SEC.
Just reference the link below for them to read for themselves:
Still brutal. But watch the, flip this in reverse and run it? Wouldn't shock me
once again, otcqb is not an exchange.
Yes that is odd, I was thinking the same. I even saw 14m on the bid a little while ago.
“or reduction in the reverse count” is that even possible? I thought that figure was locked in atp. I’m uncertain of the rules in this regard.
I get the dumping based on the news but who is now buying at the ask???? Not me but it begs the question.
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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.
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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
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