Sun Pacific Holding Corp (SNPW)

[KeepItRealistic]

Wrong ...


Quote:

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.