Replies to post #24737 on Sun Pacific Holding Corp (SNPW)

[powerbattles]

Frankly speaking I was a little nervous. But when I sit down give it a good thought analyze everything again. I know this is a legit company, they register with the SEC so no way they were able to sell without files with the SEC. Beside, I know for a fact they just get 8.7 million loan they use portion of that to payoff toxic lenders. Logic tell me it doesn't make sense to dilute because Nich trying everything in his power to clean out the garbage from the old company. Furthermore, they put up everything included the forbearance for the collateral. We can assure that is a solid guaranteed for the shareholder. The lender will not allow them to sell. They will not able to sell until the loan is payoff.

Now I feel 100% relax going to sit back waiting for them to announce patent granted, Durango Solar Farm and the Bond news

Good time ahead!

[Ivegotanace2]

I remember this happening to dolv which is now: jbzy and when it had hit .0075. Went down to .0009 in like 5 or 6 days then it hit 4 cents just 3 weeks later LoL

[powerbattles]

Mr. Campanella opted to defer with no interest salary bonus postpone to a later time.

Employment agreement

On December 20, 2017, the Company entered into a five-year employment agreement with Nicholas Campanella, Chief Executive Officer. Under the terms of the agreement, the Company is required to pay a base compensation of $180,000 annually, subject to increases in cost of living and performance bonuses as awarded by the Board of Directors. After 5 years, the agreement is automatically renewed for an additional two years unless terminated by either party. As part of the agreement Mr. Campanella opted to defer, with no interest, the receipt of compensation under the agreement until the Company has the funds to pay its obligation. At September 30, 2019 and December 31, 2018, the Company had accrued compensation of $727,505 and $631,166, respectively, and recorded the related expenses in ‘general and administrative’ on the accompanying condensed consolidated statements of operations.
https://www.otcmarkets.com/filing/html?id=13751834&guid=gzVvUnKRHt1CeEh