Sun Pacific Holding Corp (SNPW)

[karmakaziXpert]

Nobody told us Fiduciary Obligations would be blown off

Spin all of the ceo's bullsh#t anyway you'd like to. Truth is, the ceo could nothing you would see as damaging for shareholders. Your sole interest is in the ceo being able to continue PROMOS to try and get your stock losses back.

2023 filings showed the company is a complete mess, falling apart at the seams, with ZERO revenue in Q3 2023, massive quarterly losses due to inconceivable professional fees (possibly Solray reps/legal counsel), wages and administrative costs in the 400K range.

NOW the company has reached the most dangerous place to land, NOT BEING ABLE TO MEET SEC REQUIRED FILINGS TO UPDATE SHAREHOLDERS WITH DISCLOSURES AND FINANCIAL STATUS.

Easiest way out for Snpw, due to NO FILINGS, could be bankruptcy. Can't imagine the SEC being a fan of NO FILINGS, to buy time, keeping shareholders in the dark, only, to file for bankruptcy. Especially, knowing the ceo, previously (Nov 2023) set up the competitive side company (Solray, Inc) with the same business model as Snpw and some personnel representing (compensated by Snpw?) as reflected on Solray's new website (SRNRG.com).

It might be different if the ceo had filed an 8-K disclosure (when the ceo knew about Solray, Inc.), announcing some connection to Snpw and shareholders' interest. But, it could be too late to do that now, after 6 months have passed and no disclosures.

Not good being the SEC's clock. Only 1 person bears the fault for that reality.

in my opinion

cheers