Sun Pacific Holding Corp (SNPW)

[jesuslovzu]

Good morning! Sure thing :)

It's actually in the filings.. I read through the 40 pages of the last report (or maybe the one before) and it outlines all the money he's contributed. For example, a lot of the money he's loaned to the company is convertible to shares at a 50% discount... but that's only when the share price hits $0.10, at least in some cases.

I don't recall all the different provisions, but our A/S is 1B and we are at O/S 966M right now, so there's really not room to do anything even if he wanted to... and he's been clear that he has no plans to dilute.

I know it's small, but I think it's telling that they haven't sold up to the 'limit' on OS. 34 million shares would get them about $100,000 if sold onto the market right now. I'm not saying they could sell them all for that price, but they could get something. The fact that they haven't tapped into this means we're not desperate for every last penny.

The thing that attracts me here, aside from CEO's personal commitment, is the low capital commitment that would be needed from us on most of these things. I anticipate that most/all funding would be through bonds, and probably low interest at that. We don't need a lot of toxic funding to get things going.