Sun Pacific Holding Corp (SNPW)

[karmakaziXpert]

I don't believe there is any avoiding R/S. Last resort ...understanding the company appears not being to borrow money any longer. That is clear with the lack of convertible shares issues for a year or so.

If you look at the history of loans to the company, the track record in paying them back has been very poor. Add to the fact with the 96% drop in stock price and being less than a penny. A Reverse Split would possibly give the stock some $-value versus a penny or less. But that would take a 1000:1 R/S.

So, don't be shocked if 1000:1 R/S takes place knowing that might be the only option for survival. The 2021 10-K pretty much alludes to the possibility of this same reality. Maybe the company was hoping any type of news would help get the stock to a price that would allow for an R/S lower than 1000:1?

In my opinion, the Foxess deal will not come close to bring any significant revenue to the company. If understand, what a new and inexperienced distributor has to go through, to get to ramped up and fight through a very competitive landscape, you would probably agree. Selling other companies products is usually a back up plan. That's not including making sure customers get the product timely and pay within the terms allowed.

The PT.IDN solar panel agreement is at least 2-3 years from any revenue. If it ever happens. But, we know all projects planned since 2018 have not materialized, as of yet.

You can interpret the 10-K and tweets how you want. And always do your own due diligence.

just my opinions

good luck