Sun Pacific Holding Corp (SNPW)

[drugmanrx]

I can only offer you my speculation.

why did they rs the stock?

What does an insolvent from inception company carrying 8 million of debt have to offer an investor to feel secure investing 30 to 50 millions dollars? The only answer I can come up with is the company.

What was the point or purpose or plan in doing this?


What is more valuable to a lender putting up 30 to 50 million dollars of Risk? Obtaining a company with AS of a billion shares and OS with full dilution of 1.5 billion shares or a company with AS of a billion shares and OS with full dilution 375,000 shares.

What possible good can come from such?

It will depend of if news happens before dilution and how much dilution does occur if a RM does happen.

If it is was done so a company like FoxEss could take over dilution could be rather small and slow.
They have enough resources where they don't need to sell shares immediately to finance the project. It would be in there best interest to build equity with a small OS and raise large sums of money later when the company (shares have real value.(Higher the share price less shares needed)

If it was done for Campanella to raise funds on his own then it serves no good for the pre-split shareholders.

they didn't do it the two times before.

Based on the Tweets and their timing, before the company was going to own a US manufacturing facility in ELBA AL, an asset which the lender could take over if the company failed down the road.Now based on the site visit photos, contract expiring and that property is now listed up for leasing it appears that property is no longer in play. The company no longer has the ability to put it up for collateral and hence enacted the RS.

This is only my speculation