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There's some expectation that the company is going to try to go current again, since they did some catch-up filings recently. In April they belatedly filed last year's annual report, and last month they filed an NT 10-Q for the third quarter of last year. Seems pointless unless they intend to go current again.
Volume! And ask is now .0004.
You're welcome. Wish there was more to report.
I feel the same way. At least they filed something. We'll have to wait and see where this is going.
The OTCMarkets page still lists http://www.monarchstaffinginc.com/ as the company website.
Upcoming Somatics training class next week.
https://somatics.org/training/classes/c2019/s1/m2
Sun Pacific Holding Corp Expands Patent Portfolio with the Filing of 3 Additional Applications building upon its Solar Panel Portfolio
Globenewswire
GLOBENEWSWIRE 6:01 AM ET 5/23/2018
MANALAPAN, N.J., May 23, 2018 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp(SNPW) announced today it has filed three (3) additional applications for patent, expanding the Company’s growing patent application portfolio on various innovations relating to improved photovoltaic (PV) solar power panel constructions, proprietary methods of manufacture, and production line systems to be used during the planned manufacture of solar power in high volume production environments.
The additional applications build upon the Company’s recently announced Patent Pending Non-Glass Solar Panel that is lighter and less expensive than conventional glass panels, a Solar Panel that can be used in various applications that requires a durable and inexpensive solution including one that can be utilized in the Company’s next generation Solar Powered Bus Shelters. The additional patent applications provide protections to safeguard the Company’s ability to scale the production of solar panels for either internal use and or licensing opportunities for other manufacturers.
Nicholas B. Campanella, CEO of Sun Pacific Holding Corp(SNPW), stated, “Sun Pacific is pleased with how we are positioning and building our patents, processes, and plans in developing our various solar initiatives. We believe that we will be able to utilize and monetize our developing intellectual property portfolio through several opportunities including initially in our next generation Solar Powered Bus Shelters that we will be deploying through long term contracts in various states currently under contract in Rhode Island, New Jersey and Florida beginning in the third quarter of 2018. We believe that as we demonstrate the benefits of our solar technologies, we will be able to drive growth across multiple municipalities that showcase the benefits of the convergence of solar and outdoor structures augmented by web connectivity and the migration from print advertising to online digital advertising.”
About Sun Pacific Holding Corp.(SNPW)
Sun Pacific Holding Corp (SNPW) is a green energy company specializing in solar and waste to energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific(SNPW) is building a Company that designs, develops, builds, and manages advanced green technologies that support renewable energy solutions. Sun Pacific(SNPW) operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, Bella Electrical LLC, National Mechanical Corp, and Sun Pacific Security Corp.Sun Pacific's(SNPW) next generation solar power bus shelters and energy efficient lighting solutions offer customers turnkey systems that reduce the total costs of ownership while being environmentally friendly. The company is headquartered out of Manalapan, NJ. For more information, visit www.sunpacificholding.com.
Yep. Good point. Everything seems to point to LCLP going current again.... except the filings that would actually do it. Well, as Pazuzu said to Damien Karras, "In time...."
Now, I suppose it's possible that Victoria filed the extension because she intended to have all three 10-Q's filed by yesterday, but just ran into delays, such as the auditor not being available on the weekend to sign-off on the filings. In which case we might see something later today, or tomorrow, or next week, or.......
So we've missed another deadline. The 10-Q for the first quarter of this year was due on May 15th. On May 16th Victoria filed an NT 10-Q (dated May 15th) that gave us a five calendar day extension. So the 10-Q was due yesterday. But still no 10-Q.
And of course it's a mystery why she bothered to file for the extension. First of all the third and fourth quarter 10-Q's from last year have not yet been filed, and she didn't bother to file for extensions for either of them. So why file for an extension this time?
And then in the extension filed last week, the period mentioned is not for the first quarter of this year. The period mentioned is for the third quarter of last year. Of course it's too late to file an extension for any quarter last year. So the only thing that makes sense is that she was asking for the extension for this year's first quarter 10-Q because she needed more time to file last year's third quarter 10-Q, and presumably the fourth quarter 10-Q as well. In other words, it looked like she is trying to get the company filings current again, and just needed the additional five days to file all the late 10-Q's.
But the five days ended yesterday. So what was the purpose of bothering to file for an extension this time? Kind of gives the impression that something is coming. I mean this past April she finally filed last year's 10-K annual report that was due last September. And now this extension. Why bother unless......
The mystery deepens.
Wouldn't that be fun!
Fun, isn't it? Lol. Yes, based on the two different time periods mentioned in today's filing, she is either working on the quarter just past (Jan, Feb, Mar), or the third quarter of last year (July, Aug, Sept), or the last three quarters all at the same time. Or maybe not. lol.
Anyway, here's what we know about Life Clips reporting deadlines each year:
10-Q Quarterly reports are due 45 calendar days after the end of the quarter. Deadline can be extended 5 days.
10-K Annual Reports are due 90 calendar days after the end of the second quarter. Deadline can be extended 15 days.
So:
First Quarter (Jan, Feb, Mar) 10-Q is due May 15, or May 20th with five-day extension.
10-K Annual Report is due Sep 28th, (90 days after end of second quarter) or Oct 13th with fifteen-day extension.
Third Quarter (July, Aug, Sep) 10-Q is due Nov 14th or Nov 19th with five-day extension.
Fourth Quarter (Oct, Nov, Dec) is due Feb 14th or Feb 19th with five-day extension.
~~~~~~
Life Clips filed for an extension for its 2017 First Quarter 10-Q, and filed the 10-Q on 5/19/2017 within the extended deadline.
Life Clips filed for an extension for its 2017 10-K Annual Report, and then became delinquent when it missed its 10/13/2017 extended deadline. It finally filed the 10-K on 4/4/2018.
The 2017 Third Quarter 10-Q was due on 11/14/2017. The company did not apply for an extension, and has still not filed the 10-Q.
The 2017 Fourth Quarter 10-Q was due on 2/14/2108. The company did not apply for an extension, and has still not filed the 10-Q.
The 2018 First Quarter 10-Q was due on 5/15/2018. On 5/16/2018 (dated 5/15/2108) the company filed for a five-day extension. The 10-Q is now due on 5/20/2018.
The fact that today's NT 10-Q referred to the period ending 9/30/2017 creates the appearance that the company can't file today's 10-Q because they are too busy working on the one from last November. Never a dull moment!
So we have a filing today that states in its heading that it is for the period ending September 30th, 2017. But then below under the narrative explaining the purpose of the filing it says:
But that's my point. Huey Long's resignation was reflected in the 10K, even though it occurred after the annual report was due. You'll see his resignation below on November 24th. All major events occurring after the end of the second quarter last year but before the 10K annual report was filed late in April of this year were covered in 10K under Note 13 on page F-15.
Excerpt from the 10-K Annual Report, due 90 days after the end of the second quarter last year, filed late on April 4, 2018
NOTE 13. SUBSEQUENT EVENTS
The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The company will evaluate subsequent events through the date of the issuance of the financial statements.
Effective as of July 24, 2017, and as disclosed the Form 8-K filed by the Company on August 2, 2017, the Company amended its Articles of Incorporation to increase the number of authorized shares of common stock of the Company, par value $0.001 per share (the “Common Stock”) from 300,000,000 shares of Common Stock to 800,000,000 shares of Common Stock.
Effective as of August 7, 2017, the Company amended its Articles of Incorporation by amending the Certificate of Designation for the Series A Stock to increase the number of votes that each share of Series A Stock has to 400 votes.
On September 19, 2017, the Company entered into an 18% Convertible Promissory Note with Long Side Ventures LLC, an unaffiliated third party. The note was in a principal amount of $30,000, and is convertible at a price equal to fifty percent (50%) of the lowest trading price during the five trading day period prior to the date of conversion. The note maturity date is August 30, 2018.
Effective as of September 26, 2017, the Company amended its Articles of Incorporation to increase the number of authorized shares of common stock of the Company, par value $0.001 per share (the “Common Stock”) from 800,000,000 shares of Common Stock to 5,000,000,000 shares of Common Stock.
Effective as of November 24, 2017, Huey Long, the Company’s Chief Executive Officer and a member of its board of directors, resigned his position as an officer and director of the Company pursuant to a resignation letter dated November 10, 2017 as previously disclosed by the Company. The Company has accrued $75,000 through November 24, 2017 to reflect unpaid amounts to Mr. Long provided for in the February 2, 2017 employment agreement it entered into with Mr. Long.
On November 27, 2017, Seller, Company HK, Company Samoa and Donald Ruan entered into a Rescission and Mutual Release Agreement (the “Rescission Agreement”) pursuant to which the parties thereto agreed to rescind, ab initio, the Company’s June 22, 2017 acquisition of Company HK and Company Samoa pursuant to the SPA described in Note 1. As a result of the Rescission Agreement, the Acquisition is deemed not to have occurred, and the Note issued by the Company as partial consideration for the acquisition was terminated and rescinded ab initio , and will be of no further force or effect. The 10,000,000 shares were cancelled and returned to the Company.
Pursuant to the terms of the Rescission Agreement, Mr. Ruan resigned from all positions he held as a director or officer of the Company and any of its subsidiaries. In addition, the Employment Agreement entered into between the Company and Mr. Ruan was terminated, and Mr. Ruan waived any rights to the 500,000 shares of common stock that were to be issued by the Company pursuant to the Employment Agreement.
On September 25, 2017, Huey Long, on behalf of the Company, without Board approval, entered into a Mutual Release Agreement and 12% Promissory Note with Scott Silverman. The note was in a principal amount of $26,500 and matured on March 1, 2018. The Company is currently in negotiations with Mr. Silverman.
On November 16, 2017, the Company entered into an 18% Convertible Promissory Note with Long Side Ventures LLC, an unaffiliated third party. The note was in a principal amount of $15,000, and is convertible at a price equal to fifty percent (50%) of the lowest trading price during the five trading day period prior to the date of conversion. The note maturity date is November 16, 2018.
On January 19, 2018, the Company entered into an 18% Convertible Promissory Note with Crest Ventures LLC, an unaffiliated third party. The note was in a principal amount of $10,000, and is convertible at a price equal to fifty percent (50%) of the lowest trading price during the five trading day period prior to the date of conversion. The note maturity date is January 19, 2019. This leads me to wonder if this is why Victoria checked the "Yes" box, and what that will mean about what must be filed next.
On March 22, 2018, the Company entered into an 18% Convertible Promissory Note with Long Side Ventures LLC, an unaffiliated third party. The note was in a principal amount of $15,000, and is convertible at a price equal to fifty percent (50%) of the lowest trading price during the five trading day period prior to the date of conversion. The note maturity date is March 1, 2019.
On March 23, 2018, the Company entered into an 18% Convertible Promissory Note with Long Side Ventures LLC, an unaffiliated third party. The note was in a principal amount of $15,000, and is convertible at a price equal to fifty percent (50%) of the lowest trading price during the five trading day period prior to the date of conversion. The note maturity date is March 1, 2019.
After year ending June 30. 2017, there were a total of 1,071,965,073 common stock shares issued.
This is puzzling. In the just-filed NT-10Q she checked the "Yes" box to the following question:
Yes, it's interesting that Victoria filed the NT-10Q. She now has through Sunday to file the 10Q for the quarter ending March 31st. But of course the 10Q's for the third and fourth quarters of last year are still delinquent. So all three quarters need to be filed. Not sure if Life Clips can regain current status if they file the 10Q for the first quarter this year without filing the two previous quarters as well. Maybe. But today's filing plus the fact that last year's 10K was finally filed last month both play into the narrative that something may be in the works. Otherwise what's the point?
I find all the stuff about Victoria Rudman very interesting, but I don't have any inside info about her, or anything else to do with any of this. I just have a hunch that some big investors will want their money.
You're welcome, MoneyMan. I just did a LCLP board search for all posts from 1/1/2017 to the present that mention Victoria Rudman. The search turned up 35 posts (before this one), and none of them contain any suggestion that she is leaving Life Clips. I also checked "Vickie" and "Valerie", as she was once mistakenly called.
I also checked for "immediately lucrative", and the only posts that turned up were yours today, and this one from yesterday:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140098371&txt2find=immediately|lucrative
But the intention in yesterday's post seems not to suggest that she was leaving Life Clips, but rather that she was looking at other companies as well.
So I don't see any evidence, from this board at least, that she was ever rumored to be considering leaving Life Clips.
There was a post on this board that seemed to suggest that Victoria Rudman might be planning to leave "the other company", not Life Clips. I don't know if it's true. Correct me if I'm wrong, but I don't recall anyone suggesting that she might leave Life Clips.
post suggesting VR might leave "other company"
As for now she's under contract with Life Clips through June 30th of this year according to page F-14 of the recently filed 10-K.
10-K filed on April 4th
Hope this helps.
Would so love to see that!
Hey, thank you, Euripides. Yes, we still have some interesting people and connections. Definitely waiting for story to play out.
Hey, thanks, Str8t-Shooter. Wait. What do you mean by "rarely seen a mistake out of her"? So does that make me fallible, or just non-infallible??
Just kidding! Doesn't really matter if we call it a day or a date. I'm just glad they finally filed the 10-K, and look forward to some 10-Q's. ;0)
Rather than explain it all again, I'll just link to my explanation from last year when this first came up.
delinquent filing-
Hi, Mycatch,
Yep. Still holding. I averaged down until we went delinquent on October 13th last year, (Friday the 13th,) at which point my broker would no longer allow buys on this stock. My instinct is that the company will likely reorganize because the big backers will want their money. We recently filed the long-overdue annual report from last year. But we're still overdue on the third and fourth quarterly reports from last year. There's a chance that a new CEO will come in and try to take the company in a new direction and bring our SEC filings current again. I'm wishing us all well, which is all I can do.
Yes I do.
No it isn't.
So at long last on the 4th of this month the company filed the 10-K Annual Report from last year's second quarter. That confirms what we had been told, i.e., that the company had been working on the 10-K and intended to release it in timely fashion when the abrupt resignation of CEO Huey Long threw things into chaos.
The 10-K annual report was due on September 29th, which was 90 days after the second quarter ended. Instead the company filed an NT 10-K that day, which gave us until October 13th of last year. But it failed to meet the extended deadline. After that we went delinquent.
But of course we now remain delinquent until the third and fourth quarter reports are filed. And now the first quarter report from this year will be due in May as well.
10-K Annual Report filed 4/4/18
I believe the CEO's wife is up for reelection again this year.
This is a keeper. :0D
It's very impressive!
Yes, it's looking like the big investors want the company to go current again.
Sorry?
10-K annual report out.
https://ih.advfn.com/p.php?pid=nmona&article=77084318&symbol=SNPW
There was a 5¢ trade today.
There was a 10¢ trade today.
Hi, Mick,
And here is the OTC Markets news link:
https://www.otcmarkets.com/stock/PEDE/news/story?e&id=1010483
NEWS: Peerless Development acquired Blockchain Loyalty Inc. in a reverse merger transaction.
https://www.globenewswire.com/news-release/2018/02/21/1372870/0/en/Peerless-Developments-Acquires-Blockchain-Loyalty-Inc.html
LOS ANGELES, CA, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Peerless Development Ltd (OTC-PEDE) announced today that it has acquired Blockchain Loyalty Inc. in a reverse merger transaction.
According to the share exchange agreement, Peerless Development will issue a total of 250,000,000 common shares for the acquisition of 100% of Blockchain Loyalty Inc. as well as its wholly owned subsidiary OnKard Ltd. Subsequently, Peerless Development will change its name to Blockchain Loyalty Inc.
"Blockchain Loyalty is an incredible business and the management's experience in the loyalty space is second to none" said Chris Nassif, CEO of Peerless Developments Ltd.(PEDE) "The client list and partnerships Blockchain Loyalty has built up over the years will establish the company as a major player," further added Mr. Nassif.
About Blockchain Loyalty
Blockchain Loyalty is a technology company that provides merchants with a virtual loyalty platform, connecting them directly to customers for rewards through their existing payment systems. The platform launched first in Dubai and London with Etihad Airways, Jumeirah Hotels & Resorts and Visa.
Blockchain Loyalty will broaden the scope of the cryptocurrency universe by integrating cryptocurrencies into the global loyalty ecosystem. Without incurring any technical investment, merchants can seamlessly create their own loyalty currency or reward customers on purchases in miles, points and now the cryptocurrency of their choice.
Blockchain Loyalty management team has deployed dozens of innovative solutions across Europe and North America for travel loyalty programs and financial services providers including Visa Europe, Air Miles UK, Shell, SAS Airlines, Hilton HHonors and Paypal.
Wasn't expecting to see a bid here, but bid we have.