Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

The 10q clearly states “On August 25, 2020, the Board of Directors, having authority granted to them by the shareholder on August 26, 2019, took action to implement a reverse stock split at a ratio of 1000:1. The action is currently pending FINRA approval which has had substantial delays. due to Covid-19 operations."

Further “ On May 20, 2019, Nicholas Campanella agreed to forbear any of his rights to convert any portion of his related party debt into common stock until such time that the Company had sufficient authorized shares to honor full conversion of all principal and accrued interest into common stock of the Company”

Thinking the reverse split is off the table would sure seem to collide with these statements. My opinions as always.