Sun Pacific Holding Corp (SNPW)

[chemist72]

<Who would be most effected by the RS?>

Think it depends on who owns the majority of SNPW common shares.

For example, those who got SNPW shares on the cheap would not be greatly affected since they could sell those cheap shares at any price over a penny and still make large profits.

This lead me to investigate who actually does own most of SNPW's shars and what price did they pay??

I found partial answers in the 2019 10-K.

Nick owned only 3.5% of all outstanding shares at the end of 2019 (~33.9M common shares).

Much of the remaining 940M shares SNPW were issued in 2019 as follows:

During the year ended December 31, 2019, the Company issued 530,633,483 shares of common stock upon the conversion of convertible debt principal, interest and conversion fees totaling $331,080.

During the year ended December 31, 2019, holders of warrants to acquire 129,909,530 shares of common stock elected to exercise the warrants on a cashless basis, at an exercise price of $0.0009 per share, resulting in the issuance of 128,447,300 shares of common stock.

PS. To find the average price paid for those 530M shares issued, just divide $331,080 by 530M. Comes to about $.0006 per share on average.