Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

Snpw stock is down over 50% since the reverse created roughly 1 billion new common shares in February 2024.

Snpw, as a result of the reverse split, has roughly 1billion new shares to use at their discretion. It’s not a matter of how many shares have been used, rather the potential use going forward. Snpw is insolvent, cash poor, has reported zero revenue in the last reporting period and enacted a reverse split earlier this year. Noting these items, seems plausible that shares could be used going forward. My opinions,

It's been almost a year since the infamous 4K-1 RS and yet after all the screaming about dilution, not a single share has been added to the OS.

My opinions,