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Who is Kazi? Think you have the wrong board, this is snpw.
Oh Schitt, have you downgraded from super golden. Come on man, was starting to believe you and now you change from golden. Seriously….
Correct, it is only an option as per the 14c filing (link below).
https://www.otcmarkets.com/filing/html?id=17000358&guid=cPd-ka4Zfv7fJth
It’s a flippers world with a 14c filed for a potential reverse. No surprise here. Investors are allergic to 14c filings. lol.
Sounds like the plan still needs a backbone - financing, facility, product, marketing, training, insurance, inventory. Is the leap frog stuck on the Lilly Pad.
Has anyone run the numbers whether a new facility can compete in this highly competitive field - with both domestic and offshore suppliers.
Believe the issue was lack of financing by snpw. This would seem to be further validated by the snpw filing that states “Elba Power Corp is currently working with potential funders in support of the capitalization and development of the project.” Link below, refer to page 9.
https://www.otcmarkets.com/filing/html?id=16862667&guid=hGd-k6ta5sR9LVh
Have not seen an 8-k filing regarding either the securing of financing or a property purchase agreement beyond the expired ELBA agreement. I agree with your comment below regarding a new location, seems securing of financing is the key issue and should be the focus.
Just because there was an issue with 2251 Old Curtis Road Elba Al which cause the contract to expire and the property to not be relisted does not mean that a new location needed to be secured.
Nobody is buying the BS.
Your comments (below) lead me to believe a reverse is more real this time, not less real.
You are right, why put up red flags if not needed. It's been cancelled twice before, or was it just delayed
Remember the option has been cancelled twice in the past
My opinions.
While he focuses on singing for super, maybe he should refocus and look at another potential motivation for a reverse - stock structure.
The share structure, the securing of an additional 999.7 million free floating shares might have something to do with a potential reverse..Remember the share count will remain at 1 billion shares.... Only the outstanding shares would be subject to a potential reverse. At a 4k reverse, the outstanding shares would be reduced from 975 million shares to 244 thousand shares..... Net result 999.7 million unallocated new shares.
My opinions.
Of course they are, most notably with a 4k reverse split that could yield snpw with an additional 1 billion free floating shares. But how about we talk about shareholders, how in the heck are they/we golden under this scenario. Guess what is good for the goose might not be good for the gander. Maybe we should turn the narrative as to what is good for shareholders, not the company.
Me too. What a POS. Totally lost confidence as management lost credibility. POS
Good rebuttal. SMH
And an asteroid could hit the planet and kill us all.
Did you even read the article. Found the below to be surprising. Interesting.
Still, the residential solar industry is floundering. In late 2023 alone, more than 100 residential solar dealers and installers in the U.S. declared bankruptcy, according to Roth Capital Partners—six times the number in the previous three years combined. Roth expects at least 100 more to fail. The two largest companies in the industry, SunRun and Sunnova, both posted big losses in their most recent quarterly reports, and their shares are down 86% and 81% respectively from their peaks in January 2021
Since we are sharing articles, here’s one on the solar industry.
https://www.yahoo.com/news/rooftop-solar-industry-could-verge-145455396.html
Has snpw secured financing? Has snpw secured a facility? Status?
The circus is in town. lol.
Suggest you post any factual data whereby you take exception as opposed to you just shaking the cart or calling wolf, both being a waste of time.
Some say the 14C RS doesn’t bother them, it bothers me. I think it is quite possibly a deterrent to potential new shareholder investments. It could also scare off some current shareholders. Further, current shareholders at 4k reverse would go from owning roughly 934 million of the I billion shares outstanding to owning post reverse approx. 234k shares of the 1 billion shares outstanding. The balance of roughly 999.7m shares would be in the unallocated authorized for snpw to use as they see fit. Note: The authorized share count is not subject to a reverse. Not sure how the justification of potentially being on a new market matters.
Snpw did tweet a number of years ago stating they would provide shareholders advance notice should a reverse be processed. Unfortunately, advance notice was not provided on an 8k filed 8/28/2020 - link below. The 8k was published online at otc on a Friday post market close. This 8k was later cancelled but the 8k posted on 8/28/2020 was done so with no advance notice. Guess we will have to wait and see if advance notice is provided to shareholders when and if the next one is filed. But setting the record straight on the prior one.
Option 14C RS doesn't bother me what so ever at this point or going forward. $SNPW tweeted multiple times in the past they would give everyone plenty of notice when and if they effectuate it .Also i think if needed it will be strategically done to get to a higher Tier exchange etc sometime in the future..
My opinions.
So, let me understand, there was a 14c filed, then an 8k for a reverse, then an 8k cancelling the reverse, then a new 14c filed and then an 8k to let the 14c expire, and then a new 14c. Do I have this correct? Who’s on first. lol.
Suggest you look at the reverse split filings post run. Remember this filing or did you just overlook it. What about subsequent cancellations and then refillings etc. Do your homework and then let’s talk. You need to play catch up on all the filings - 14c, 8ks etc.
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.
https://www.otcmarkets.com/filing/html?id=14367029&guid=lwd-k6yJOr4lB3h
A 14c is filed. I take it seriously. Most investors do instead of foolishly second guessing. You will learn.
Ps. Look at the snpw balance sheet. Look at their cash position. Look at their zero sales last quarter. Look at the expenses.
The potential reverse is simply a mathematical equation. If you think it will be less than 4k, very simple to provide the potential impact to current shareholders. Plug in your own number and share. It’s all about share structure resulting secondarily to price. Appears you fail to understand the significance and are focusing on value relating to news of programs. Share structure is el numero uno - run the Vals on expected reverse and share. Prove your own case, or not.
Best to all.
My opinions.
Let this sink in.
Pre split, current shareholders hold 93% of the authorized shares.
Post split, current shareholders would own .0234% of the authorized shares.
The above is based on a 4k split.
My opinions.
Share structure post reverse is more important than the price. Remember, the authorized shares are not subject to a reverse, they will remain at 1billion shares. Current shareholders at 4k would go from owning roughly 934 million shares out of the 1 billion shares to owning post reverse approx. 234k shares. The balance of roughly 999.7m shares would be in the unallocated authorized for snpw to use as they see fit.
Check my numbers, correct? Thoughts?
The effect of this would be that the value added by said projects will be factored into the post RS pps and as such the likelihood of a precipitous decline could be averted or greatly mitigated
My opinions.
In the meantime, the US needs to be very careful in the application of tariffs. A trade war could be very damaging.
Remember, the US is a very large contributor to the current state. We went from exporting blue collar labor for production, to engineering design, to white collar management etc. Shanghai, my former residence, has a population of roughly 25m residents. The population is highly educated with engineers being very prominent. The US does still has an advantage, one of cultural. Unlike China, which is very rigid in reporting structure, the US promotes free thinking for new ideas without the risk of making leadership look bad. Makes it easy to see why the US is tops in innovation.
During COVID, the first ones in the US to receive the vaccine were the most vulnerable - the elderly. In China, the elderly were the lady to receive the vaccine. The first ones were the 20 - 40 age group as they are the ones that keep the economy moving and were required as critical for the country.
My opinions.
The US needs to be very careful in their approach to tariffs. While protecting US goods with tariffs, they could be excluded from the largest market in the world (China) should they reciprocate with tariffs. It’s a double edge sword. And in today’s world, one needs to be international.
No better example than EV autos. The China market is many multiples larger than the US. If the US is excluded from this market, Baidu and others will dominate through economies of scale and the US would pay a steep price. Remember, China would gladly pay a steep tariff to the US to reciprocate and preclude the US from being competitive in China markets. China has much more to gain, the US has much more to lose.
Raising tariffs further could very well start a very damaging trade war.
And then there is this
Report: US considers hiking China EV tariff above 25%
Doesn’t appear Foxess participated in this US business in 2023. Why not?
Also interesting that 29 states have battery capacity under development.
Will they in 2024?
Quarterly record
US energy storage installations reached a new record, installing the most capacity in a quarter to date with 7.322 GWh as these became operational in the third quarter of 2023, the ACP announced Dec. 13.
"Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix," ACP Chief Policy Officer Frank Macchiarola said in a statement. "With another quarterly record, it's clear that energy storage is increasingly a leading technology of choice for enhancing reliability and American energy security. This industry will serve as the backbone of our modern grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources."
By the end of Q3, there were 21.445 GW in the battery storage under construction or in advanced development, a 50% increase from a year ago, according to ACP. California leads with 9.331 GW under development, followed by Texas with 3.173 GW and Arizona with 2.481 GW.
Overall, 29 states have battery storage capacity under development, with seven states surpassing the 500 MW milestone, according to ACP.
If you have questions on what I presented, let me know. Happy to enlighten and educate you. Will bring you up to speed so you can join the conversation in a meaningful manner. Name calling is childish, a waste of time and only strives to deflect lack of knowledge in the subject matter. Glad to help.
Not even Thumper can make chicken salad out of chicken shit. Ps. Yip. Started in Hong Kong (Kowloon area) ending in Shanghai -Bund area. But instead of learning from those that have actual history in China, some choose to live in their little boxes whining and offering zippo value. Then again, every circus has a clown.
It’s actually insight from someone (me) that hs lived roughly 25 years of his life in China running technology companies.
Now back to the subject at hand, do you have anything to contribute or are you just going to bark.
You do understand the 25% tariff, and an even higher tariff, would hurt American companies far greater than China.
Here’s why. The tariff is based on the cost of the material being imported, not the market price. Since this is a straight cost adder, companies must add gross margins to the tariff or they otherwise will lose margin on their product revenue. So a 25% adder turns out to be 35%. If the tariff is raised, it’s even worse.
Next, the tariff applies to US landed product. Even if a US company starts from scratch in opening a U S factory, they will be buying substantial product from China. Why, because Mist US based technology companies have a facility in China - they needed to set these up to compete with China.
The only ones that lose are consumers. It is not a distraction to China importing finished goods. Oh, and China gets rick bottom raw material in China to send to the rest of the world.
So again, why a U S manufacturing facility. Fail to see the logic.
Report: US considers hiking China EV tariff above 25%
Still trying to understand the benefit of establishing a manufacturing facility in the United States.
Cost - anyone done a cost comparison of importing product from China and paying the 25% tariff compared to what it would cost to set up a facility in America? The tariff would still apply to all raw material imported from China - capacitors, resistors, relays, lithium ore, etc. The labor cost in America is substantially more than China. The exchange rate of the RMB to the US Dollar is negative. I assume their would be the servicing of finance for a facility, greater government governance, etc.
Supply chain - don't see where leadtimes would be reduced due to the importing of lithium and other raw material.
Not striving to be argumentative, striving to understand the assumptions made in believing a US manufacturing facility would be a market advantage? I do think the importing of finished product from China and setting up a distribution center could be of benefit, assuming there is margin for this additional channel.
Thoughts?
My opinions.
Could be front end loading for an announcement? Who knows - but I like the volume and the price increase. Watching closely.
Sure seems like something is happening or someone knows something. Getting a tad bit excited here.
Another day of volume - what's going on?
Still not sure I understand the advantages of opening a US based manufacturing facility.
I undertand the advantage provided to US based companies by assessing a 25% tariff on shipments received from China etc. However, this advantage could be eaten up quickly by higher labor rates, higher tax rates, serviviing of financing to build a facility etc. Further, the import of lithium for use in US based companies is likely to be imported where a 25% tariff would apply. Yes, the US is strivinig to locate and mine lithium reserves but this is not a short term solution. There is only one operational lithium mine in the U.S., in Nevada, and one operational rare earth element mine, in Mountain Pass, Calif., meaning that the U.S. is dependent on other countries for the materials essential for clean energy technologies like batteries, wind turbines, and solar panels.
Still trying to understand the golden nugget of product being manufactured in the US. I don't see costs being a driving forces. Thoughts?
With Solar Batteries and EV Batteries being affected by 25% Tariffs and given large tax incentives is from A US COMPANY it would make sense for FoxESS and Tsingshan to want to use SNPW US BRAND.
My opinions.
So, snpw wants to be the price leader? Good luck. You are kidding, right?
Labor costs in the US will more than wipe out any savings from not paying the 25% tariff. And this assumes the US finds lithium reserves and can mine it cost effectively. Highly unlikely in my opinion.
So again, what’s the benefit of having production in the US? You do understand the EV market in Asia is far greater than the US. People falsely believe a company locates to China for low costs. Many do so because this is where the market is and they plan on servicing it. Tesla is not a factor in China compared to local companies.
Taking it one step further, what are the advantages of having a production facility in the United States?
- Do not see a cost advantage. Raw material , lithium supplies etc. will need to be imported/assessed the 25% tariff. Due to the cost of the dollar versus the RMB, see disadvantage, not advantage on exchange.
- Direct labor will be more expensive in the US. Taxes will be higher and government regulation greater.
- Supply chain leadtimes, probably about the same due to the long poles in the tent which will be material.
What’s the advantages here?
The float more than doubled in the three week period from 10/24/2023 to 11/17/2023. It went from 14.7m shares on 10/24/2023 to
37.6m shares reported by otc on 11/17/2023.
Bhpa, how about giving shareholders an update. The foxhole approach is no longer working. Need updates…….
With a 14c filed for a potential 4k reverse split I am not surprised flippers are in and out. Also not surprised that investors could likely be on the sidelines knowing a 14c is filed. While only a potential reverse, the filing for a potential could very well keep them on the sidelines.
My opinions.
Should have also mentioned there is only one operational lithium mine in the U.S., in Nevada, and one operational rare earth element mine, in Mountain Pass, Calif., meaning that the U.S. is dependent on other countries for the materials essential for clean energy technologies like batteries, wind turbines, and solar panels.
The import of raw material, from China, to build batteries will still be subject to the 25% tariff. Lithium ion is a battery key component and while Australia and Chili are becoming increasingly more important with lithium supply, China is a dominant supplier. That is why Tesla signed a 3 year agreement with Ganfeng, a China company.
It is darn difficult to get around the dominance China has in the sourcing of material and components. The US has contributed to this significantly by US companies investing in production facilities in China due to low costs. And now with the increase in US minimum wage being so much higher than China, moving supply chains back to the US is very expensive, possibly greater than the 25% tariff. In answer to your question below, I think once the cost of imported raw material from China, the associated tariff on raw material and the higher costs of labor in the US to produce product, compared to China labor costs, China might still have a cost advantage.
When the luxury vehicle company headquartered in Germany and a U.S. EV manufacturer want a Fox ESS batteries where do you think he will it from, one of Fox ESS many owned manufacturing facility where it will be subjected to a huge tariffs of a Fox Ess battery manufactured by a US manufacturing company that will be tariff free?
“Tesla does not rely on a single supplier for lithium; instead, it diversifies its sources. At the end of 2021, Tesla signed a three-year lithium supply agreement with Ganfeng Lithium, a leading lithium producer based in China. Major mining companies like Livent and Albemarle also have supply contracts with Tesla.”
Meanwhile Fox ESS doesn't mention SNPW because SNPW will not be a FOX ESS company it will be a US manufacturer of rebranded Fox ESS batteries and inverters.
My opinions.