Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

Wrong. 8k reverse split was filed on 8/28/20, not 2.5 years ago.

Section 3- Securities and Trading Markets

Item 3.03. Material Modification to Rights of Security Holders.

On August 25, 2020, the Board of Directors (the “Board”) of Sun Pacific Holding Corp. (the “Company”) voted to approve a Reverse Stock Split of the Common Stock of the Company at the ratio of 1000:1. The Board was granted such authority pursuant to Schedule 14C Information Statement as filed with the SEC on August 26, 2019 which gave the Board the option to effectuate a Reverse Stock Split of the Common Stock of the Company at the sole discretion of the Board within 12 months of said Information Statement, without the issuance of another Information Statement, within the range of 100:1 through 1000:1. The Information Statement is available at the following link:
https://www.sec.gov/Archives/edgar/data/1343465/000149315219013387/def14c.htm.

Further, the 10q issued on 11/24/20 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.“

https://www.otcmarkets.com/filing/html?id=14522712&guid=quGKUqbKf1cBYyh


My opinions as always.