Sun Pacific Holding Corp (SNPW)

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$SNPW ALERT> Cash and cash equivalents, $1,396,049 Balance.


For purposes of the consolidated statements of cash flows, cash includes demand deposits and short-term liquid investments with original maturities of three months or less when purchased. As of September 30, 2019, the Federal Deposit Insurance Corporation (FDIC) provided insurance coverage of up to $250,000, per depositor, per institution. At September 30, 2019, none of the Company’s cash balances were in excess of federally insured limits with the exception of $1,396,049 of cash balances held in escrow at UMB Bank, NA under a project fund that the Company’s subsidiary, MedRecycler-RI, Inc. is drawing balances against for the development of its Medical Waste to Energy project in Rhode Island. Any and all withdrawals are strictly controlled by the lending institution and use of proceeds must be approved prior to release of funds.

https://www.otcmarkets.com/filing/html?id=13751834&guid=6KkvUqY28Ybg0th

(pg.11)

GROSSLY UNDERVALUED

NEWS COMING