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The Website is still current and there is a virtual conference scheduled for February 2021.
Question is : Why has this not been delisted?
They approved a 1 for 1000 split, not "up to a " 1 for 1000.
I think , since the board has approved a reverse split , it is not a matter of "if" , just" when."
It never closed below one cent. Moderator?
Yes, yield sign is gone, now Pink Current.
Moving in the right direction.
It won't close below 1 cent.
August 25, 2020. Board of directors approved a 1000 to 1 reverse split.
https://www.sec.gov/Archives/edgar/data/1343465/000149315220016931/form8-k.htm
We've lost the leverage we had.
Say you buy 40000 shares at .001.
That's $40.00. Say it goes to .008, that's $320.00 a 700. per cent increase.
Entirely possible down here in sub penny land.
After the split your 40 shares are worth $1.00
The stock price has to go to $8.00 to gain 700 percent.
Not so likely to happen, not for a long time.
Just in case you don't understand.
Say you have 40,000 shares , you will have 40.
The RS is pretty well a done deal
Section 3- Securities and Trading Markets
Item 3.03. Material Modification to Rights of Security Holders.
On August 25, 2020, the Board of Directors (the “Board”) of Sun Pacific Holding Corp. (the “Company”) voted to approve a Reverse Stock Split of the Common Stock of the Company at the ratio of 1000:1. The Board was granted such authority pursuant to Schedule 14C Information Statement as filed with the SEC on August 26, 2019 which gave the Board the option to effectuate a Reverse Stock Split of the Common Stock of the Company at the sole discretion of the Board within 12 months of said Information Statement, without the issuance of another Information Statement, within the range of 100:1 through 1000:1. The Information Statement is available at the following link:
https://www.sec.gov/Archives/edgar/data/1343465/000149315219013387/def14c.htm.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Sun Pacific Holding Corp.
(Registrant)
Date: August 28, 2020
By: /s/ Nicholas Campanella
Name: Nicholas Campanella
Title: Director
Yes Bill, I should have done more due diligence.
Seems not to matter much though, most likely all worth naught in the end.
Which is exactly where the good doctor got us.
Received a new tweet, top of my twitter notifications.
https://twitter.com/i/topics/news/e-2033479556?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email
http://medrecycler.com/wp-content/uploads/2020/06/Medrecycler-overview.pdf
Ya right, just going by off the cuff memory and I guess subconsciously I counldn't believe it was that bad.
Sorry , my mistake.
I wrote an email to pv magazine about their article on XNRGI and surprisingly , got am immediate response.
Just so you know , XNRGI, formerly Neah Power , has a long history as a public company before privatizing.
The process to privatization involved a reverse split of 10,000 shares for 1, which wiped out all investors really., some who had been investing in the company for many years.
My question is, is that photo of the Gurugram Factory actually real , have you seen the building other than on a computer?
So many have been deceived over the years , we’d really like to know what is actually happening with XNRGI.
I hope you are well during these unprecedented times and wish you all the best.
Thank you for any response you may provide.
Reply
Thanks for writing to us and for the updates. The information published was provided by Xnergi. We are time bound and it's not possible to visit every facility in person during these Covid times..that's why Xnergi has been named as the source for the content. However, it's interesting to know about the company background.
If you could share your details, we could think of some opinion piece on this, not just about Xnergi but other such practices as well.
Any one wanting to share some details: contact Uma at
uma.gupta@pv-magazine.com
Well hallelujah it is back up and running now, as is XNRGI.com .
https://xnrgi.com/media/240-mwh-grugaon-plant-india/
I still wonder if that Grugaon or Gurugram Plant (spelling changes on occasion) is actually real or computer generated.
Why bother trying to fool people now that the company is no longer public and there are no more fools to fool? Surely larger investors could not be duped by lies and deception.
Only your friendly Guru knows for sure !
The media link for XNRGI , try it.
https://xnrgi.com/media/240-mwh-grugaon-plant-india/
Something is going on here. .000001 to .01 then .009 and holding.
Small trades, around $500. total.
But why ?
I wouldn't buy in, probably couldn't any way, but my ancient holdings have gone from a total loss to a gain . Can't sell at the moment, no volume , but who knows what is to come?
It's news to me, and isn't a promo scam type announcement.
ht solar battery light xnrgi
xsl ht is a completely integrated battery backup solar led street light that includes xnrgi s long life high temperature lithium battery, solar panel, mppt charger, light sensor, led lamp and mounting accessories. all you need to provide is a pole xsl ht is available in 50w and 150w lamp power, with backups from 1 to 3 nights.
Don't know, but as long as my trading account maintains a ticker # for them and keeps showing the stock value I won't say one way or the other.
Watch these guys, take your money and run.
I was trading this back in 2017 when it was Cellceutix and running up to $4.00 ps. under the ticker CTIX
Then came the RS and name change. They’ve been pumping Brilacidin for years.
I figure if they keep making claims in relation to the Coronavirus they’ll end up being deregistered.
A really great article, but something sticks out and yet seems familiar. Is it " XNRGI" , " NRGI" or " XNRGY"?
The company description for XNRGI India doesn't seem to have changed much.
https://www.tofler.in/xnrgi-india-private-limited/company/U31900MH2017PTC298973
The "total paid up capital" used to be 1 Lakh and is now INR 4.80 cr.
I couldn't figure out how much that was in U.S. dollars. ,
Anyone know their Indian currencies ?
We were aware of a connection with Kruse back in January of 2018 See post 25800.
My memory says there was no real connection with Neah Power established.
Robert Kruse Jr. ceased to be Chief Technology officer with Karma in October 2019.
The current company is owned by a Chinese Conglomerate and produces 2 luxury e cars in California . They use conventional lithium-ion batteries.
Still a really interesting connection though, I mean Bob Kruse developed the Chevy Volt for G.M. as well.
Let's hope that Kruse's association with XNRGI bears fruit.
Keep on Krusin'
That's nothing to sneeze at !
Medrecycler and environmentally friendly products, Coronavirus and climate change.
Seem to be in the right place at the right time.
Comeback Time for Sun Pacific Holding Corp (OTCMKTS: SNPW)
It's not the old company that interests me. It is the fact that the ticker symbol is still transfer agent verified and that it's status has changed from grey market to grey market with expert market designation.
The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.
Facing reality? And moving on?
PS. Being human , I hope I'm wrong.
'Those who do not learn history are doomed to repeat it. ' The quote is most likely due to writer and philosopher George Santayana, and in its original form it read, "Those who cannot remember the past are condemned to repeat it."
Reference my post 29318 on October 15, 2019.
"Or the Land of Oz?
Keep pulling those levers Chris."
Just saying.
A reminder that this is not completely dead.
https://trademarks.justia.com/791/97/iddriven-79197525.html
A power purchase agreement (PPA) is already in place and key manufacturers have been selected. Sun Pacific's CEO Nicholas Campanella noted that the company will not conduct a reverse stock split and will wait to see the market reaction to its projects.Nov 21, 2019
https://renewablesnow.com/news/sun-pacific-sedi-find-funding-for-40-mw-solar-park-in-mexico-677181/
Sun Pacific Holding Corp. Announces Final Conversion of Common Stock in Settlement of its Convertible Debt with EMA Financial, LLC
Email Print Friendly Share
October 17, 2019 09:15 ET | Source: Sun Pacific Holding Corp.
MANALAPAN, N.J, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) reports that on October 15, 2019, EMA Financial, LLC (“EMA”) presented its last conversion notice for common shares in the company that extinguished the remaining outstanding balance on its convertible debt agreement.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are pleased that we have received the last notice of conversion in satisfaction of our EMA convertible debt. We believe this action should relieve excessive selling pressure on the trading of SNPW shares in the market. This final conversion of common stock, coupled with the recent settlement of our convertible debt with Auctus Fund, LLC, substantially concludes the convertible debt arrangements that we had entered into with EMA and Auctus in 2018. While these funding agreements were necessary to allow Sun Pacific to move forward with its business plans, we are glad that they have come to an end.”
About Sun Pacific Holding Corp.
911 - Pending News/Press Release
As a matter of interest, my I trade account shows the shares owned and symbol # as : Close Quote Details
XNRGI INC CL A 8R57722
Only a book value is given, everything else, including cost of shares, is N/A.
Book value and # of shares has remained the same.
14) SNPW CEO cleaned all convertible notes, NO DILUTION AND NO REVERSE SPLIT
NOV 20, 2019 PR CEO Campanella: "We would like to reaffirm that, at this time, the company is not undertaking a reverse stock split ”
https://www.otcmarkets.com/stock/SNPW/news/Sun-Pacific-Holding-Corps-Subsidiary-National-Mechanical-Group-in-Partnership-with-Blissful-Holdings-Identifies-80-Milli?id=246887