Sun Pacific Holding Corp (SNPW)

[powerbattles]

You read it wrong! Read again...stated clearly the Company issued a six month ten percent interest. That mean the share of common stock stock restricted for 6 month with ten percent interest.

" fair value of $2,600 as an inducement.

Fair value refers to the actual value of an asset which is .0013 per share.


Quote:
Note Payable

On June 21, 2019, the Company issued a six month ten percent interest promissory note in the amount of $200,000.00. The note was funded July 8, 2019. Per the terms of the note, the Company agreed to issue to the lender was issued 2,000,000 shares of restricted common stock, with a fair value of $2,600 as an inducement.

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