Sun Pacific Holding Corp (SNPW)

[drugmanrx]

Not at all in fact the information, we have clearly proves otherwise, if the location speculation is true then SNPW is in a much better financial position then we think as it means the need for the 50 million dollars in Alabama bonds is no longer needed.

I agree with your comment below regarding a new location, seems securing of financing is the key issue.

Information we have
- before the contract with SNPW 2251 Old Curtis Road Elba AL was on the market for over 500 days
- since the contract expired the property has no been relisted.

If the contract expiration was a matter of SNPW not being able to come up with the money at time of closing, then the property would have immediately been relisted until SNPW would be able to show they had financing in place to enter a new contract

Since the property HAS NOT been relisted it is a reasonable deduction that the contract expired due to a serious issue with the property itself, not with the ability of SNPW to pay for it.

If the location speculation is true the it can be deduced that the what ever the issue with the property it could not be rectified, this is further strength by the fact the property still has not been relisted and the company was forced to seek other opportunities.

If the speculation is true, it can also be deduced that since the company would be walking away from the ability to sell 50 million dollar of Alabama bonds to fund the project that either that option is no longer needed by the company to secure financing or they are being given the same or close to same bond deal from the speculation location as they were given to Alabama.

This is strengthen by the company moving forward and doing a site visit to design and layout the facility as financing would be required to pay SC Soar and Autowell for their services and a site secured other wise it would be a waste of time and money to do the visit.

Again since the CLEAR FACT that the property has not been relisted since the contract expired, SNPW securing financing place not part in SNPW securing another location if in fact that is the case.

Sun Pacific Holding Corp
@SunPacificPower
·
Jan 16
In an effort to avoid trollness and bashers who harass our partners and affiliates we will issue further updates via an 8K and after we are ready.
Please contact us via email [e-mail]

I would guess if the speculation is true the company signed a "lease Hold" ( doesn't require a 8k) to do the site test and will release an 8k when the actual lease is signed.

As far as financing one would expect an 8K when the money changes hands as shareholders have been notified via filings that they are working with lenders.