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SNPWD - BID 2.61, ASK 4.00 - Info from Fidelity
What do these 2 statements mean/imply?
1) "During the three months ended September 30, 2023 and 2022, an affiliated company owned by two officers of the Company paid $36,080 and $11,426 of the Company’s operating expenses on behalf of the Company. The Company did not repay any of these advances during the three months ended September 30, 2023, and 2022 . As of September 30, 2023 and June 30, 2023, the Company had an outstanding payable to this related party in the amount of $1,286,923 and $1,250,843. The amount due to this related party is unsecured, does not bear interest and is due on demand."
Will or won't be paid once MVNT becomes profitable?
2) "Movement Industries Corp currently operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets."
How much revenue is generated from each of these non-US clients? What about Mexico and the Middle East? These areas have been previously mentioned as well.
Still a lot of unknowns and/or undivulged info to be released?
LOL. Touché.
Before the grammaticist catches you I'd recommend you change "live and die" to "live or die".
Obviously you can't both live and die unless you have some remarkable powers of revival. LOL
Thank you for clarifying this important topic.
Case closed??
IDK. But makes total number of trades today impressive.
Approaching 3,000 trades as I write this post.
https://ih.advfn.com/stock-market/USOTC/sun-pacific-pk-SNPW/trades
The grammaticist has spoken. Unfortunately he doesn't read well either. The word "or" was not in the quote. If it had been I'm sure I and lucky, mydog would have easily understood the meaning you suggest, and no argument would have ensued.
SNPW been on my radar also.
Missed the last 2 pops, but maybe I'll get lucky once the dust settles from today's action.
No comment. I have more personal experience with RSs than I wish to remember.
Hope things work out better for this reverse split, but the vast majority of them (at least on the OTC) do not work out very well at all.
Some do not understand what an exchange means to the SEC.
Just reference the link below for them to read for themselves:
At least you have "proof of life". Better birthday present than nothing.
But just barely. LOL
SNPWD should open around $4/share tomorrow (RS reduces shares but increases share price. Theoretically of course.)
However, watch how fast the share price goes down tomorrow. My guess is that SNPWD will be a HUGE target for short traders. After all, SNPW had $0 revenues last quarter and very little cash on hand. SNPWD most likely will be issuing millions of shares to "toxic" lenders and other shady financiers for operating cash.
Financing possibilities will be greatly EXPANDED after the RS.
SNPW will have almost another one BILLION shares to issue to various parties for cash. It's the way many scams continue their existence for years to come.
All I can say is caveat emptor.
OTC still an unregulated market. 8-Ks aren't required. At least as far as I know.
An SEC filer would have been required to file an 8-K (within 4 days) if a substantial contract was signed. That's all I know for sure.
Thinking of picking up a few at $.0001 -
Wait a minute. $.0001 will convert to $.40 AFTER the reverse split. LOL
Wonder when the "pump" will resume?
You mean SNPW isn't "super golden" anymore?
At least you had the guts to show up. Can't say that for most pumpers.
Brutal? Not really. Actually quite typical RS price drop.
Currently ~66M shares traded with a price low of $.0009.
If MVNT was an SEC filer, I could answer.
Otherwise not.
Update to my previous post.
More info from bottom of FINRA page.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Daily List Date/Time 02/15/2024 00:00:00
Event Type - Reverse Split/CUSIP Change
Effective/Ex Date/Time - 02/16/2024 00:00:00
Reverse Split Ratio - 1:4000
Dividend Type - Reverse Split
Yes indeed. Q1 fins out and very sad.
Yes indeed. Reverse split effective today.
Here it is straight from FINRA website.
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
02/15/2024 00:00:00 Reverse Split/CUSIP Change 02/16/2024 00:00:00 SNPW Sun Pacific Holding Corp. Common Stock OTC Equity
Details
Previous Value Current Value
Symbol SNPW SNPWD
More mid-month MM madness today?
Has happened several times recently. Some examples below:
Nov. 13, 2023 - High $.03; Low $.013
Nov. 14, 2023 - High $.0273; Low $.0161
Nov. 30, 2023 - High $.0275; Low $.0056 (not mid-month but end of month madness)
Jan. 18, 2024 - High $.0295; Low $.0106
Well that's good enough for me.
Let's close this above $.02 for gems birthday. lol
Add my best wishes too.
Now if MVNT would only cooperate we could all have a very merry unbirthday. lol
Smelling something similar. And the aroma is good.
Comments on MVNT management have been mostly negative past couple months, but they could blow everyone away with a positive filing and/or report.
Believe today is start of a broad market correction.
A correction usually means a decline of about 10% in the broad market indexes.
S&P had been up about 23% since its last low in late October. A 10% correction would knock off about half of its gain these past 3.5 months.
Of course, OTC tickers usually follow their own path, so I don't expect the broader market decline to have much of an effect on MVNT. However, without any news I don't expect much buying of MVNT stock and consequently it would still be vulnerable to any pickup in selling.
I'm still keeping a close eye on the $.02 level. As long as MVNT doesn't close below $.02 I won't be too worried. If it does happen to close below that level, I have plenty of dry powder that I can use to buy more MVNT shares in the $.01's.
Anyway, that's my plan for now. Come on MVNT. LFG!
Bid support not huge but should be enough to keep MVNT above $.02 -
Currently ~69K bid at $.021 >
If I had any idea when news/fins would be filed, I'd be jumping in at current prices with both feet.
However, since I don't have any idea when one or the other of these material events will occur, I won't be jumping in, at least not significantly.
It's a shame because I wouldn't mind bringing my MVNT ownership to ~2.5M shares. That's a pretty heavy load. Even at $.02, my cost basis would be about $50K. That's a bit too much for me to take a gamble with at my age.
MVNT needs some new blood and preferably some young blood to take the reins. Presumably they might have a higher "risk tolerance" level than us older folks.
Oh well. Such is the stock market game on the OTC.
MVNT being starved to death by management.
Specifically management's lack of communication.
Holding these shares is getting more cumbersome than being weighed down by a ton of lead. lol
Some speculation on near-term MVNT price performance.
If MVNT doesn't come through this week with Q2 fins or at least some explanation, then I believe there is a chance MVNT will break below its closing price support of $.02.
Of course this won't be a death knell for MVNT, but it wouldn't be fun anyways. On the other hand, a closing price below $.02 could be an excellent time to pick up some "cheapies". Some may not have the stomach (or the cash) to be buying MVNT shares below $.02, but I would be happy to pick up a bunch more shares of MVNT at any price below $.02. But that's just me. lol
MMs tried to make Friday look like sellers dominated.
11.6% price gain, accumulation gain of ~2.2M shares, and RSI gain from 50% to 54.4% say otherwise.
Lesson: Don't always believe what you see on iHub's simple BUY volume vs. SELL volume page.
https://ih.advfn.com/stock-market/USOTC/global-developments-pk-GDVM/trades
All of a sudden 358K up on Bid (0165).
Seems this ticker is extensively manipulated. imho
Based on my understanding of the merger agreement announced on Dec. 6, 2023, I have calculated that the value of VASO shares before a reverse split and issuance of new VASO shares at $10/share will be somewhere between $.50 to $.70.
This is based on the stated equity value post-merger of $176M. How Vaso's share price will actually trade just prior to the merger and after the merger is anybody's guess.
The merger agreement is Exhibit 2.1 in the document linked below.
https://www.otcmarkets.com/filing/conv_pdf?id=17109131&guid=Cud-keoFaVlHJth
Exhibit 2.1 starts on Page 10 and runs for 233 pages and takes quite a bit of time to read completely and to understand. Even at this point I do NOT understand the agreement completely.
Why do some post everything SNPW says as verifiable truth?
The facts show SNPW has failed to complete any project over the past 7-8 years that would generate significant revenues. Only one even came close and that was the ill-fated MedRecycler project. Unfortunately, close only counts in horseshoes.
To be sure Hovendick should be involved.
As of JPEX last filing Hovendick was reported to own 100M shares of JPEX common stock.
Too much legal crap with this ticker.
Thought we were done with that when Hovendick got involved.
This ticker is just full of surprises and so far none have been good for its share price. lol
$.0007 - WTF??
Really getting tired of the games being played with MVNT share price.
But since I can't do anything about it, I just try and "roll with the punches".