Sun Pacific Holding Corp (SNPW)

[Ecomike]

Impressive news. This takes any issue of dilution and R/S off the table folks.

Note that SNPW's MedRecycler RI, Inc, Subsidiary is a 100% owned subsidiary of SNPW.

This means they can make large payments for the SNPW loan, that funded building the Medical waste to energy plant, that was threatening dilution of SNPW stock.

6 months ago they made a deal to spin it off as a separate company, in return for RI issuing the 13 Million dollar revenue bonds that would fund paying off the plant construction costs, and SNPW would get 50% of the net operating profits and the RI revenue bond debt would go 100% with the spun off firm.

This news confirms the buy calls I made IMHO. NO dilution of SNPW needed, instead they print the non public subsidiary shares of MedRecycler RI. That would free SNPW to produce more of these plants coast to coast!!!! And do the other projects.

This is huge people!!!!