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Proceeding as planned, that was a tweet from over 6 months ago.
And how is that going to happen with zero sales and a cash position of roughly $20k - check the burn rate last quarter. Short runway if you ask me.
You apparently have not reviewed the most recent Q report. Cash less than $21k. Sales of zero dollars in the last quarter. Just the facts.
Same song after years. Please take a step back and look at zero revenue. Why would snpw even align themselves with these companies that drag them along at their pace.
Maybe, but don’t consider it beneficial to current shareholders should a reverse be processed. Potential conversion to unallocated and a higher post split price where the inflated price could attract shorts like flies.
We should see how this plays out short term. I say this based on the balance sheet cash position and lack of revenue.
My opinions.
I would be (a buyer) if I ran the company and could buy at pre split prices and transfer shares to the unsubscribed authorized count. Instant 4k appreciation as the unsubscribed are not subject a split. Don’t view volume here as a good thing. View it as a reverse could be on the horizon.
My opinions.
I say 2023.
Pull it off for the company? Shareholders? Both?
With a 4k reverse snpw could realize roughly 1 billion new free floating shares. This could help snpw get up and running ie, good for the company. However, the potential to significantly dilute current shareholders is very real.
This is a case of what might be great for the company might be negatively impacting to current shareholders.
So, I a must ask, Nick to pull off what?
My opinions.
Good Luck Benny……..
That’s ok Benny, should all be clear soon. You are too kind to thank me. Happy Holidays.
Not good at all.
Suggest you do your own research. I don’t have time to babysit you.
Are you acting as an agent of the company speaking on their behalf? Are you registered to do so?
Holly cow, you guys are having way too much fun. Let me catch up to join the party. Anyway, so there was a pandemic, masks, 3m and a boy named Boo - catch me up from here.
And yet Drugman thinks we are screwing with the narrative. Where was he when they were suggesting close ties with Gina all over the place. Busted…,
And yet snpw kept pimping the narrative that she was a close friend. Now why would they do that. And now why call me out. How about you calling those out that were throwing her name around post Governor.
Huge tweet - not so much. Business is a lot more than a photo op. Ps. Wasn’t Gina the Governor of Rhode Island prior to commerce secretary. Hey, how did that Medi approval work out. How about we give the photo ops a rest.
And big Corp spins off non performing divisions irrespective of connection. With this said, you might be right. Who the heck really knows, right?
Ps. I just don’t like the posts on we know Gina, buy the cheapies, the rehash of old news, etc. And I agree with Kazi, you are enjoyable to communicate with even though we might have different opinions. Happy Holidays my friend.
I think they are a very small fish in a very large Corp. pool. Not sure they feel they can compete in North America and are focusing on much smaller markets - UK, Australia etc. They don’t seem to have invested much in North America which leads me to believe a factory here would be a stretch. One doesn’t need a facility and associated expenses when the demand doesn’t appear to exits. My opinions.
Not sure. Don’t know enough about Foxess and how successful/unsuccessful they have been since being founded in 2019.
I agree with you with two possible exceptions.
Selling: Could see some tax selling.
Buying: SNPW buyback of shares pre reverse should a reverse be confirmed. Could buy at pre split price and return to SNPW unallocated which is not subject to a reverse. Post split shares returned would yield the 4,000x increase with no split being applicable. Some companies stipulate they will not buyback during a reverse.
The old startup song - nice try, not.
But why would snpw be satisfied with a big zero goose egg after two years. For that matter, what company would be satisfied with a big goose egg after two years. SMH.
I still have faith, but agree they need toprovide shareholders with updates. this as opposed to the Chinese way of staying quiet until after the business is secured.
I guess those complaining that nobody cares can’t read. Pathetic.
Again, what will the q4 report show to move the price, and therefore shareholder value, needle.
I get what you are saying, but this existed in q3. What do you believe will be reported in q4 to move the needle?
Q3 filing was unimpressive. What is happening in Q4 that will move the needle?
In the meantime the company needs to increase shareholder value - the time is now. Get going Frzt, if you have something - show it. Is it Garfield? Are you even searching for partners.
Question I have is where did the 232k in professional fees go last quarter. This is addition to wages and G&A. Where?
Their cash position. But they have 44,754 in total assets, at least per the most recent Q….
14c - appears the filing provides snpw an option to process up to a 4,000 reverse stock split. I also don’t see where there is an expiration date for this option.
Felt that way ever since the filing of the 14c.
Sorry, reminds me of the fly over for Australia Feedstock. Or the Gina picture - friends in high places etc. View it as comical.
Wow, huge news. Thank you so much for sharing this information. Great job. Lmao.
There wasn’t any mention of any specific help. Another nothing ball. Lmao.
Financing is the head of the snake. Are you new at this. It’s basic 101.
100% agree.
This trades on ice, low float. Could happen very fast.
Still say a buck plus in the cards - when? Ps. Once we hit I project blast off
Read again. It clearly states they would help build a solar plant. Financing is always the corner stone to a physical build. Then again, the consideration wasn’t defined relating to help. Could be financing, could be just about anything. What we do know based on the recent q is they are working to securing financing. Based on this I assume the consideration is not financing. Oh, and the agreement dates back to May of 2022.
Here is an update for you as listed in the most recent q.
“ EPC is currently working with potential funders in support of the capitalization and development of the project.”
Not sure what type of help is stipulated in the agreement but it doesn’t appear to be financing. Otherwise it would seem the facility would be well on its way to completion. Yet here we are 1 1/2 years later searching for financing.