Sun Pacific Holding Corp (SNPW)

[drugmanrx]

Good advice.

Lucky301

Re: None

Wednesday, September 27, 2023 4:59:48 PM
Post# of 20451
I am not a trader like most of you here. This is why some traders mood swings everyday.
I bought and put them away waiting for big run.
Hope I will be right.
Just imagine we wake up a morning a supper important news out which can happen any day, IMO.

History of SNPW

January 2021 the stock had a 1,447,747,273 shares of convertible debt and warrants on the books, the stock had an approved option for a 1000 to 1 RS on the books, the stock had Weighted Average Shares Outstanding - Basic and Diluted 943,927,080 shares up from 324,690,784 shares the year before.

The company was operating Street Smart OutDoors which was generating about 200k at a loss, Medrecycler LLC and Sun Pacific Power with no revenue.

In January 2021 the company received a letter from the RI-DEM that they intended to approve the Med-RI project a project that if finalized THE COMPANY WOULD NOT RECEIVE ANY REVENUE FROM IT UNTIL THE PROJECT WAS PROFITABLE..

The stock rose from 0.002 to a high of 34.9 cents just on the anticipation that the project would be approved. The stock traded above 5 cents from January 21 2021 to April 9 2021.

As part of the approval process a public meeting was required which took place on March 15 2021. A very small amount of anti-Med-RI started a campaign against the project. They were vocal enough and gain enough attention to cause the RI legislature to pass an eleventh hour law that kill the project in RI.

The stock slowly retreated to it's pre-run stock price..

Difference in SNPW future

The company has consolidated to Sun Pacifc Power (a one stop operation for all your solar needs) and Newly added Elba Power Corp.a US solar panel and Battery manufacturing facility.

These two projects if they occur SSP store will produce revenue immediately once it gets off the ground and EPC will also produce revenue immediately once it is operational unlike Med-RI.

The amount of revenue generated from the two projects above will be far greater and quicker then the amount of revenue generated from the profit only Med-RI project..

If funding is announced to be secured or the property is finally purchase with the potential to generate much higher revenue, it is anticipated that a huge jump in stock price will occur from these levels

The elephant in the room and it is not the potential 4000 to 1 RS.

The 50 million dollar loan.

What does the lender want for it, we know that they want TAX FREE BONDS to start.

Do they want part of the company or the whole company?

If no loan the RS is totally irrelevant.

If the loan happens and lender wants part if not all the company then it looks like the RS in some form will be inevitable.

So even it that happens. there should be plenty of time before it happens, to sell today's shares at a much much higher price.

The Caveat.

A US Solar Panel manufacturing facility is and has been Campanella dream. I can not envision a scenario where he would relinquish control if it gets built.

So the question arises what does he use as collateral to satisfy a 50 million dollar loan?

The only thing he has of value to offer two Chinese Companies (GEP parent Solar Group and FoxESS are Chinese companies) is a US label to give them the opportunity to sell their products tariffs free and eligible for US tax incentives.

Bottom line


RS hanging over our heads is a bummer. History has shown it to be cancelled twice in the past. History does not always repeat it's self.
A Fortune 238 company subsidiary has kept SPP a partner for over 2 years. Why? If not a long term plan is in effect..A plan that looks like it consist of manufacturing FoxEss batteries in the EPC Facility.

State of Alabama has allowed SNPW to sell 50 million dollars of Alabama State bonds.. Why? Unless SNPW has shown them they have some one ready to purchase them.

Solar Group gave SNPW only a two year exclusive to sell their product in the US. Why only two years? Unless Solar Group expects that their panels will be manufactured in Alabama once the Tariffs are back in place.

PT.IDN Solar Tech investing a few years now helping Campanella organize and design Elba Power Corp. Why? Unless PT.IDN expects their solar cells to be in the solar panels manufactured there,

Why I am invested here

I imagine I wake up one morning when a super important news is released AGAIN, which can happen any day,

It looks like a repeat performance is about to begin

Sun Pacific Holding Corp
@SunPacificPower
·
Jan 3
Our site visit will be January 12th-14th with our team from Sun Group/GEP and SC-Solar to ensure we will have a productive process.