Sun Pacific Holding Corp (SNPW)

[1jk1]

The Board approved a resolution to give to the Board of Directors of the Company the option to effectuate a reverse stock split at a ratio of 4,000 to 1 after the filing of this Form 14(c).** Our stock price has made it difficult to attract new investors and potential business candidates and opportunities. ** The Board of Directors believes that a reverse stock split will help prepare the Company to meet the listing requirements of the OTCQB or other exchanges.
https://www.otcmarkets.com/filing/html?id=17000358&guid=Be5-kWrUh_JpJth

icymi
dyodd

Well apparently they do need to do one lol. My big question is, is this the necessary evil to finance or is company going belly up? TBD