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Re: snpwfan post# 43829

Monday, 01/18/2021 9:49:28 PM

Monday, January 18, 2021 9:49:28 PM

Post# of 83840
SNPW is at a risk of not getting any financing. That is also there in the 10Q.

https://www.otcmarkets.com/filing/html?id=14522712&guid=4sGKUWxWzljAAyh


Due to the current debt load of the Company, our credit worthiness may endanger our ability to secure financing.



Given the financial condition of the Company, securing financing for a project such as our waste to energy project has been a very difficult task, as has been the case for most fund-raising efforts for the Company. The current debt load and financial performance of the Company could raise creditworthiness issues in the eyes of potential lenders. The current state of the Company’s credit could require the Company to evaluate new corporate and capital structures of our subsidiaries in order to shield our subsidiary interests from the liabilities of the Company. If we fail to present lenders with a credit profile that will meet their standards, large projects, such as our subsidiary project in MedRecycler-RI, Inc. or our solar project in Mexico could fail or require new corporate and or capital restructuring. Given that the Company is already heavily in debt, such failure to secure financing and complete the project could require the Company to file for bankruptcy and encumber all of the assets of the Company.


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