Sun Pacific Holding Corp (SNPW)

[rmuncast]

So their common shareholders get screwed too?

The only holders not screwed are those that currently hold series A preferred of SPPC (~1 million shares), which convert into ~1 million series B preferred EXOL shares, which after the split of all common holders of both EXOL and SPPC (who will have about double the shares of EXOL holders) will convert into 30 EXOL shares per preferred share (which if you include the split means 1500:1).

Does this sound about right?