Sun Pacific Holding Corp (SNPW)

[bking1965]

Something is definitely off here. I think we are seeing dilution. Look at the wording of the PR-

Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are pleased that we have received the last notice of conversion in satisfaction of our EMA convertible debt. We believe this action should relieve excessive selling pressure on the trading of SNPW shares in the market. This final conversion of common stock, coupled with the recent settlement of our convertible debt with Auctus Fund, LLC, substantially concludes the convertible debt arrangements that we had entered into with EMA and Auctus in 2018. While these funding agreements were necessary to allow Sun Pacific to move forward with its business plans, we are glad that they have come to an end.”

I will bet that Nick gave up some more shares to make it all stop and we are seeing the last of the shares being sold in the market. I will also bet that the OS will be larger than currently shown on otcmarkets.com.

No matter, this is a .02 stock if the OS is maxed at a billion. If it drops, I will buy even more.