SNPW ouch looks like dilution has happened. And those shares are being sold to retail in the resent run..
Don't get suckered Take profits fast if you get them.
Normally when all the shares the funder converted is sold into the run a dive in price happens fast. Caution is the word!!!
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MANALAPAN, N.J, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) reports that on October 15, 2019, EMA Financial, LLC (“EMA”) presented its last conversion notice for common shares in the company that extinguished the remaining outstanding balance on its convertible debt agreement.
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.”
