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You mean the real news? Waiting on that, yes we are.
Well, this "update" was a complete disappointment. No new information to the market and nothing about the Chase deal. Down 10%, seems like it's getting more stupid holding this thing. This is coming from a person currently holding so you can see what I think of this BS update. Market agrees.
"We're still here and taking steps". Yeah, that's a compelling case especially claiming an "inked deal" with Chase. Down 10% on "news", that happens when there's nothing new in the "news".
This update is a total disappointment and the market appears to agree. Appears they didn't really have anything to announce. Where's that Chase deal? Second PR with an 8k?
I've got to say, I'm super disappointed by this update. Be glad to see the market think different but....
No mention of a supposed Chase deal they tweeted about 4 business days ago (8k coming?).
Then it's just a list of projects we already knew about and that "steps" are being taken. What's the actual outlook?
Looks like there's been plenty of voting since my post. Not sure if it's real or if a shareholder added a punch of votes haha. Either way, we'll see where it lands but not sure an internet poll really matters in the scheme of things.
Seems like the poll isn't showing up if you've already voted. If you go incognito mode, it'll show again. Unfortunately, looks like answers 3 & 4 (the negative ones) are over 50% together. Also, if you keep doing new incognito sessions each time there's nothing from stopping some one voting many times. Hence the "value" of internet polls haha.
https://pbn.com/do-promised-benefits-from-a-proposed-medical-waste-treatment-plant-in-west-warwick-outweigh-potential-negatives/
I hoping for an 8K for the Chase deal. Revenue projections too much to ask?
It'd be nice to have a little higher starting point for Monday.
Add more today the last little partial filled. This has my permission to run now haha.
Agreed, RS canceled, no dilution so the share structure is what is. At least that's not hanging over our heads if the company is dumping into news.
Nothing has changed on that front so can something like a Chase deal make it run like before. Seems like something worth betting on :)
So by Monday if today is business day 2.
This actually says 4 businesses days. https://www.investopedia.com/terms/1/8-k.asp#:~:text=The%20SEC%20requires%20companies%20to,be%20filed%20annually%20or%20quarterly.
Another interesting quote in the section for requirements for an 8k.
Form 8-K reports may be issued based on other events up to the company's discretion that the registrant considers to be of importance to shareholders
I've got my tickets if any of this comes to fruition. But until there's more details I'll keep a healthy skepticism on the reality of the situation.
I could see that normally but the company did tweet "inked deal" two days ago and left it at that. We have no idea if it's a $1,0000 deal or a multi-million etc. Heck, I've speculation it's a line of credit. So I can understand the impatience in this case :) Not saying the bitching does anything but I can relate haha
I'm not sure how you're drawing any conclusions. All we have is this tweet and it says it's "a deal", it's with @chase and it's for the solar ad division. Anything beyond is just speculation which could be correct or completely wrong.
Are you reacting to the news we're discussing that lacks details with "booom NEWS"? Or is there a tweet or PR I'm missing?
Well, at 1:57pm today, that'll mark 48 hours since the tweet.....
Thank you for waiting patiently, we've been preparing our latest SEC filings and positive guidance from our CEO. We can also finally announce one of our updates – we just inked a deal with @chase for our smart solar advertising division. ☀️$SNPW #staytuned #solarfarm #expansion
— Sun Pacific Holding Corp (@SunPacificPower) March 16, 2021
It was amended to .0454 when the price dropped below 7 cents. Don't worry, only the retail investors got the haircut.
This is why we need the details of "the deal". At first the speculation was around a solar panels and advertising which is revenue generating. Add the speculation of a line of credit. Not saying lines of credits aren't value-able but you can see the difference between revenue generating news and debt generating news.....
Where's those details or was the incoming news in a few days just supposed to be "inked deal with @chase". We see what the market really thought about it. It was enough to cover the red for just the day.
Sure, they're not small businesses but surely you can tell the difference between even a multi-branch dealership and the manufacturer in these examples. There's a spectrum to this but when thinking of big news you'd like it to be with Chase Corp and some huge initiative. Middle option is some regional implementation. Worst case it's just a sign at one branch haha.
I think it's just people grappling with the distrust in penny stocks and having their money in one like SNPW. Gamble this one is different. That's not an indictment of this company but a reality of any penny stock and the baseline trust :)
I have another stock where people are saying "they're working with CAT Inc!!!!!". Reality is they're working with a ONE dealership. Dealerships are not owned by the multi-billion dollar CAT company. It'd be like me working with the local Toyota dealership on advertising and saying I work with Toyota.
Until we have details on "the inked deal", we don't know which scenario or somewhere in between.
Until there's clarity or this becomes another meme/social media play, we wait for a catalyst or sink into a oblivion.
NEWS!!!!! That means refresh this page over the next few days and watch the OS go up :) https://www.otcmarkets.com/stock/cbdl/security
If the chase deal is "inked", what are they waiting for? I see someone replied to the tweet asking if they're going to PR. The company twitter responded with the link to to view past news. Odd response since it's clear the person is talking about the "news" in the tweet.
The longer this takes the more it looks like it's just another penny stock dangling carrots with various pieces of details via tweets and board posts. NEWS PENDING!!!!!
Of course the longs will come out and say "JULY". Again, not stating one way or the other but just how this all can be perceived and therefore reflected in the price.
Reminder of the 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
Yeah, that what the tweets are saying. Until that actually moves beyond the "it's coming", "pending", "soon!", it just looks like typical penny stock pump garbage. If it's not, prove it with material PRs. Not saying it's one way or the other, just pointing out the general perception given the red market.
Sure would be nice to get a PR on the Chase deal with details. The market isn't that interested in "soon", "pending" or even a tag of Chase in tweets.
Yeah, hopefully we see a PR and some guidance on all of this soon. Tweets are neat to move the price but lets get with the real details. Let's go! :)
Well they better listen to their concerns, investor concerns that is haha
Isn't the zoom meeting just for the Karen's to voice their concerns? I guess I wasn't expecting much more from that part. This of course is separate from any other news being announced.
Stock ownership is irrelevant. I'm just pointing out the OS increase at quite the rate. The authorized shares still will allow for another 17 billion. If people want to hold into that, have fun! Again, happy for people that can trade any ups and downs on this.
haha no, I left when I saw how fast they were printing shares. I wouldn't "hold" this for long. People are welcome to play some ups and downs but if you think this is a hold long term type stock.....maybe if you're looking for a good tax write-off by year end.
I'd say the constant printing of shares by the company is what's bringing it down not shorts. The OS is now over 8 billion, should be over 9 billion soon. It was under 5 billion beginning of February to give you an idea on pace of OS increase.
https://www.otcmarkets.com/stock/cbdl/security
Neat.
Interesting, we're talking "news" catalyst going forward and you shift to the obvious goal of buy low, sell high. So you already divested from your position back in February?
Glad we can agree on the lack of objective nature of the news :)
Ummm no, we need objective substance. Unless you're saying this is just a meme stock that people will make up whatever subjective speculation based on repeated fluff PRs to pump the SP.
So am I reading this right? PR on Friday saying this company will solve the problem caused by Google. Today's PR is saying they'll benefit from solving the problem caused by Google. Am I missing the substance, seems like a repeat fluff piece. Do they not have any real updates to provide?
If they want to strategize about multi-dollar sell orders, fine by me haha. They technically already know what's in the outstanding shares both restricted and unrestricted. I see what you're saying about near term sell orders and visibility to everyone's strategy and manipulating that. Not sure that applies when we have sell orders way out there.
Maybe the next question is what can they do with the information that there's people that are not selling for cheap?
Yeah, I'd rather have the "problem" of having a profit but could've had more than have the problem of no profits because you rode it up and back down.
But if there's a gap up, doesn't the limit order go for the prevailing price? So, just from a timing perspective, if a stock gaps up one morning beyond your limit sell order, it'll trigger but above the limit. With that said, we're talking hypothetical dollar(s) so that wouldn't happen in one morning and you'd miss out any subsequent gains over the next days/weeks, etc.