Sun Pacific Holding Corp (SNPW)

[powerbattles]

Most investors don't following the stock are 100% clueless thinking the r/s is about to happen. The fear about the r/s was spread like wildfire on social media and in some cases touting false information misleading to many reader here. This matter due to the reason the company issue news first then follow with Def-14c that cause everyone confusing.
Here is the story! First they announce the PRE 14c.

Form pre 14C 08/14/2019
https://www.otcmarkets.com/filing/html?id=13594015&guid=t5ZfUenLMkZngyh

At that time shareholders include me email the ceo questions why's the need to do r/s when o/s just little over 400 million? They told me why but I suggesting and demanding they put out a PR for everyone to read. The ceo fulfil our concern by immediately issue News explaining... Link and quote below.

https://www.otcmarkets.com/stock/SNPW/news/Sun-Pacific-Holding-Corp-Announces-Filing-of-a-Form-14C-Increasing-its-Authorized-Shares-in-Settlement-of-its-Convertibl?id=237593

Sun Pacific Holding Corp Announces Filing of a Form 14C this is due to obligated by contract per the settlement of its convertible debt with Auctus Fund, LLC (“Auctus”).

The Company also gave notice in its filed Form 14C, that it may implement a reverse stock split in the future to provide flexibility to the Board of Directors in the event that additional capital sources might require a higher stock price. At this time the Board of Directors does not intend to implement a reverse stock split. In the event that the Board of Directors in the future decides to take such corporate action, they will provide shareholders with prior notice. As the Company addresses its convertible debt balances, the Company hope is that the market will begin to correct itself and not require a reverse split.

The announcement of the form pre 14c following with def 14c is required by the book. This is the norm. If they issue news after they issue Def 14c then there is no confusing. This is a big mistake on their end.

Keep in mind as they staged in writing at this time the Board of Directors does not intend to implement a reverse stock split. Furthermore, If they planning to do r/s in the future they will provide the shareholder with notice ahead of the time. Rest assure absolutely no r/s unless they give us further notice. IMHO:)))

DEF 14C 08/26/2019
https://www.otcmarkets.com/filing/html?id=13612092&guid=t5ZfUenLMkZngyh