Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

CEO stock position is vastly different than retail holders. Why, because the CEO not only owns common shares but holds controlling interest in the company through preferred share ownership.

For example, if a reverse was to take place current common shares that are in the float would be impacted, not preferred shares. Also, a 1,000 reverse would yield roughly 1 billion of new free floatiing common shares. These shares could be used by the controlling entity to further issue and fund what needed to be funded. Yes, it would come at the dilution expense of current common holders. But if these new free floating shares were to be used wisely and were to grow the business the company would grow in value. The preferred share owners would benefit while the pre split commons likely wouldn't benefit greatly due to dilution. This puts the preferred holders in a vastly different position than pre split common holders.

When one talks about share ownership and control the preferred shares should be the focus, not the commons. This is why so many reverse splits occur in the OTC as it minimally, if at all, impacts the preferred owners of the company.

My opinions.