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As many probably know I haven't been happy with the Chase deal tweet and no subsequent 8k. Some claim NDA would cover that. Well, I'm not going to take Nick's silence and random people online's word for that.
I filed a complaint to the SEC to get their feedback. We'll see if they tell me to pound sand or if there's footing here. I want to know and not guess on what rights we have as shareholders.
I'll update if we're told to pound sand or if I should let someone know to tell Nick to say HI to the SEC :)
This 100%. That's why I'll wait to file the inquiry to SEC on the Chase deal Tweet until later this morning. If I was Nick, I'd rather answer to shareholders than the SEC. At least when you wait until this point where the "stick" is coming out. The company should have been transparent this whole time and now it's boiled up to this point.
haha, I did the same, only found Chase in the word purchase and repurchased....I'll give them to 9:30am in case they'd like to tell us about Chase last minute via a PR. If not, then I'll go ahead and file the inquiry to the SEC.
Nothing like running in last minute, dog ate my homework style lol: https://fintel.io/doc/sec-sun-pacific-holding-corp-10k-2021-april-16-18733-552
Just like that, the stop sign is up. https://www.otcmarkets.com/stock/snpw/disclosure
Delinquent SEC Reporting
Did you read the letter? Do you have a different interpretation of "stay its review"?
http://www.riag.ri.gov/documents/RIAG_public_comment_letter_Medrecycler.pdf
Really? That easy to discount a letter from the Attorney General of RI as just posturing? It appears someone knew this was coming and might be why the dump in share price.
Based on what I've seen from this company via Twitter and it's activity, I'm not surprised by their late filing. I probably will be submitting an inquire tomorrow to the SEC to get their input on the Chase deal and no 8k. Nick is not answering to the shareholders. He's leaving them out to dry.
Was just about to post: https://www.bostonglobe.com/2021/04/15/metro/ri-attorney-general-calls-pause-review-medical-waste-to-energy-proposal/
Doesn't look good, wonder what the people who have been down playing any investor concerns with the gov stopping this...
Yeah, it's a what OTC scum bags typically do. File into the night or weekend. Nobody should be expecting anything good from the 10k anyways.
Now, that Chase deal tweet, I will not let go. If I don't see something soon, I'm going to file a complaint with the SEC if they'd at least like to make sure this kosher. If you can tweet a deal is inked, then there's no NDA. Either it's OK to do that and they say so or Nick is in hot water.
So are they going to file the shitty 10k into the night or just not bother?
The company tweeted an "inked deal" with Chase almost a month ago. They set that expectation not the retail investors. They need to back their "claims" up or shut up. That's my nicest way of saying that haha.
It's funny sometimes it's easy to forget shorts can simply be a bet the stock will go down. Not saying manipulation via shorting doesn't exist, it does. GME and AMC probably put that narrative on steroids. But sometimes, it's truly just a bet that the stock will go down because the company isn't doing well.
I was using a comparison to show the silliness when people use metrics that don't matter.
I didn't refute the number of likes. I don't pay attention to that because I don't care. It's a worthless metric to me.
Oh and based on your favorite DD source, seems like SNPW thinks elections matter.
— Sun Pacific Holding Corp (@SunPacificPower) March 2, 2021
U.S. Secretary of Commerce Gina Raimondo Statement on Meeting with Members of the Semiconductor Industry Association https://t.co/2ucsvh8aZz via @CommerceGov $snpw #solar #power
— Sun Pacific Holding Corp (@SunPacificPower) March 23, 2021
I like to gauge investor confidence by share price and volume. You're welcome to use Twitter likes but that doesn't seem like a important metric for what we're looking for.
It's kind of like using crowd size to determine election results. You're welcome to do that but that's not what matters haha.
Yep, looks like shit. They don't want to answer to the questions around the Chase deal. They didn't seem to have an issue tweeting it exists. If indeed they can't due to NDA, they could say that.
Maybe if they don't want to answer to the investors they'd like to answer to the SEC https://www.sec.gov/oiea/Complaint.html.
We're coming up on the month anniversary of the Chase tweet.
Thank you for waiting patiently, we've been preparing our latest SEC filings and positive guidance from our CEO. We can also finally announce one of our updates – we just inked a deal with @chase for our smart solar advertising division. ☀️$SNPW #staytuned #solarfarm #expansion
— Sun Pacific Holding Corp (@SunPacificPower) March 16, 2021
Haha, I do see the differentiation seems like you two are going back an forth on. Now if he want's to point out MedirecyclerRI is not fully owned, then so be it.
Although, if they do that for every Medirecycler they do (assuming this all doesn't crash and burn) then it's really just semantics.
Here, let me flip that around for you. I'm sure there's not a Chase deal else they would have told us by now.
The burden of proof lies with the one making the claim. They said there's an "inked" deal with Chase. Prove it.
If there's no inked Chase deal, lock him up. Everything else is wishy washy that probably wouldn't hold up in court. Even the no dilution, was that forever? Tossed out.
Legal versus ethical are two different things. Seeing Nick's name associated with trying to sell masks with price gouging is unethical at a minimum. Looks like I've been burned by another POS.
And just like that 3s. Wonder if we'll get another desperate tweet from from the CEO. Guess the "alternative motives" are winning.
Yikes, was in meetings most of the afternoon and I cam back to this tweet:
.All we are working on is still on track, and we have no control of market trends with the stock and OTC. We strive to get our projects built and operational as we multitask our way to build and grow value as a company and those doubting have other motives $SNPW
— Sun Pacific Holding Corp (@SunPacificPower) April 12, 2021
My apologies, have I missed the documentation from the company on the timelines for these projects? The best we can do is piece together the public process for Medicrecycler. Did I miss the plans for anything else?
I get "delays" but we need to know the plan in order to know they're delays. The other stock I keep vaguely reference involves shipping equipment between countries. Yep, there certainly could be delays but that didn't stop the company from providing expectations. I was going to reference the last fluff PR and went to their site and don't seem to see it....https://sunpacificholding.com/news/
There has to be a season schedule for kick off to begin.
What's the plan? I have another position that has a slide deck laying out "the plan" for the year. Stage by stage.
Here, we got "will be ready to begin construction in 2021" for Durango. Does that sound at all sufficient to you? So they couldn't even commit to beginning construction, just be ready, whatever that means.
And that "whatever that means" is why they get to not get in legal trouble. They're not promising anything of substance.
My fear is just as they stated no dilution there's no reason that can't just go back on the other half and say RS is back on! Or just increase the AS. Super low trust with Nick. Now I see that article about shady dealings, oh but "nothing happened to Nick". What's he doing with someone that was charged? It's not like he's just friends with someone who was charged, he appears to have been part of the actual act that in question.
I remember being in another stock that I recognize a few on this board from a few years ago. That CEO had a story that involved a duffle bag of money and not being able to explain to authorities where the money came from. The group said "no big deal, no charges". That stock ended in a shit show for investors. Same here?
Agreed, great looking website. I can tell you I've been in some stocks that launch a website without a security cert, nothing like a confidence killer on competency, that's 101 type stuff for websites haha.
No worries, cert on this new site :)
Mark is definitely West Warwick: https://www.westwarwickri.org/index.asp?SEC=6FF3F8C0-061C-4B14-8AF5-40C3B866D49B&Type=B_BASIC
Unless, he's saying West Warwick is the wrong town :)
I do, it's from the company in a legally binding filing: https://www.otcmarkets.com/filing/html?id=14836453&guid=BfipU63508J5D3h
What's nice about legal filings is they have to keep it real, no BS.
Good point to clarify. I assumed with all this diamond/gem in OTC talk, we'd be looking at meaty PRs, not pumps. My bad.
Aside for the struggle bus of Medirecycler. Do we have any actual details on timelines for anything else? Durango, Chase?
I'm not asking for the timeline to be tomorrow, I'm asking for the timelines. I'm in another stock that has a pilot set to be running this fall. Until then it's equipment arriving in ports, testing, etc. I know about that timeline because they have a slide deck explaining it. They even explain why they're issuing shares such as to finalize engineering. I could only dream of that kind of transparency in this stock.
What was that 8 million additional SNPW shares used for after they said no dilution.
I'd love to have the same confidence you do but I don't get that from tweets and vague PRs.
To my understanding (correct me if I'm wrong) is more in relation to interviews and maybe tweets which maybe why they stopped that. Although Medirecycler has tweeted so don't know what to make of that. I don't value their tweets anyways. PRs can be done during the quiet period. https://www.investopedia.com/terms/q/quietperiod.asp
If you want to say PRs are not allowed during the quiet period, then we have a problem again. Seems like the PR on March 22nd would break that 4 week quiet period.
Had to get back to this idea of 1 thing at a time. What? Why be a holding company if they're going to work on thing at a time. Is that like a juggler with one bowling pin?
Nope, maybe it wasn't in ink and was just in pencil and that pesky eraser made it all go away....
-Unproven promises from Twitter.
-Last update was essentially an update that listed out the promises with no commitments. Weasel phrases included like "will be ready to begin construction". Jesus....
-Late 10k that I'm sure will be uneventful since I'm not sure what anyone would expect from 2020 that would be a good surprise
-Bumpy ride getting the Medirecycler approved but we'll see (high risk). But hey, you can go read up on the site http://medrecycler.com/. Too bad they haven't even bothered to put a cert on it....
-Cut the BS claims from the Sun Power site.
I'm still here because my average isn't far from current price and seems to be holding support (for now) and all the above is correct-able by the company. Address the above and it can pop. Don't address soon and I'll have to see myself to the door. I'm not a whale so my exit would be like a spec of dust leaving the room haha.
Yeah, they have the reported shares right now. Just anticipating some further issuances in the future that are not currently announced. With that said, the share issuances seem pretty modest and clear what the money is for.
I can say I've been in many other stocks where it's much higher and questionable where that money is even going...
I've wondered where the share structure will be when this hits revenue stage. Thoughts on that front versus what the market cap will be when the tech is proved?
I've seen comparison to Livent with a 2.5 billion cap. Even if the share structure landed at 500 million (just making easy math, no idea). That'd still make the price target of $5
Thanks!
I'm no whale, guess you can think of me more of a barnacle attaching to a whale haha.
Didn't know that was a thing they'd crack down with purchasing. While it's been trading sideways for a bit, the 1 year chart has some nice steps to it.
This is such an interesting speculative stock. It's oddly quiet like everyone is only telling friends/family to accumulate and only accumulating for themselves.
Thanks, hopefully we have a fun ride as the plans come to fruition!
That's correct, seems like some want to make that connection and probably to be able to say BILLIONS and BILLONS for waste management.
With that said, the company isn't making that claim and there's other not either. If they actually get medical waste running, that's still $$$. It's really unnecessary for people to embellish the reality. As a holder of this high risk, high reward stock position, I prefer to keep things real :)
Dead because the cases don't go anywhere? Curious how you came to that conclusion. Seems like there's a steady flow of cases: https://www.ftc.gov/enforcement/cases-proceedings/terms/229
Should we expect anything interesting in the 10k? It's for the reporting period ending December 2020. I've been skeptical of their typical penny stock behavior and another common down play is when a disappointing 10k is filed, people then shift to, "well, the hot exciting stuff happened in Q1 so it's not in the 10k".
I'm not saying I'm going to bother but the claims Wallstreet has pointing out about what's on the site might not stand to advertising standards if anyone files a complaint. https://www.ftc.gov/news-events/media-resources/truth-advertising.
There's standards, you can't just say "We're the industry leader since 2009".
With out company news!!!!
First time posting here but caught wind of this last month and immediately took a position. I love the speculation on this, they have a plan, a timeline (hopefully doesn't get too impacted by Covid).
Been in plenty of penny stocks that like to issue shares to feed the personal piggy bank of the management. In this case, I'm good with the share issuance since it's about getting that pilot running and monetize this! 72 US dollar million market cap, for a multi-billion dollar bet. While not guaranteed, I sure like the odds.
I don't see how anyone can take that claim seriously. Clear market leader? Really? I thought we were speculating here and little did we know, no speculation, they're the major player since 2009! /s
I'm still here because it's a least holding the support for now and isn't too far from my average. But I certainly have a lack of trust of this whole situation but happy to be corrected by a PR with substance or an 8k filing. Until then, this is what it is, a high risk/high reward speculative play. This is far from a slam dunk.