Sun Pacific Holding Corp (SNPW)

[drugmanrx]

They are very analogous.

Not so sure the examples used are analogous to the filing of a 14c. The examples used, car inurance/flood insurance etc are typically insured 100% of the time as one doesn't know when they will be needed.

You own a car you buy car insurance. You sell the car you drop the car insurance.. You later buy another car you get a NEW car insurance policy.

You own a house in a flood plain you buy flood insurance. You sell the house and buy a new home not in a flood plain, you drop the flood insurance.

SNPW was trying to fund a project (Med-RI) without a guaranteed path to obtain the funding for that project, so they enact a 14c to give them an option in case other means of funding could not be obtained. When other funding was secured the 14c was cancelled as using the 14c path to funding was no longer necessary for that project.

14C which has been filed, then cancelled and then refiled again

When SNPW took on a NEW project and its funding is in question, a new 14c was enacted in case other means of funding could not be obtained If and when other means of funding are secured the new 14c will be cancelled, if other funding is not secured the 14c will be enforced.

Currently, the company has indicated that means other than enforcing the 14c to fund the project have been identify and if secured, the NEW 14c will not be needed and cancelled..