Replies to post #51238 on Sun Pacific Holding Corp (SNPW)

[Ecomike]

Year old news. And only a part of the filing.

Gonna take more than that to scare SNPW long positions

News flash, when one funds a company with long term 17.5 Million dollars of state of RI Revenue bond Authority funding, you pledge the asset(s) MedRecycle-RI as collateral to the 17.5 Mil dollar loan. Bussiness financing 101, and is not hard to understand

In the process SNPW ends up debt free, and will have Zero MedRecycle debt that is about 8-9 Million dollars for the MedRecycle hardware right now, hardware that is now on location ready to wire and plumb for Plant start up as early as this summer.

"As a result, the Company shall maintain 51% of the ownership of MedRecycler-RI, Inc. through its MedRcycler, LLC holdings. "

A bank financed the loans the buy the hardware. The bank knows way more than we do, and they are 9+ million dollars invested in Nick and SNPW's MedRecycle-RI plant. The bank has way more at stake than retail share holder accounts, so I am betting the bank DD even more DD than I did, The bank and I are backing SNPW and the CEO Nick!!!

SNPW owns 100% of "MedRcycler, LLC holdings" which is basically set up to franchise these plants for franchise revenue, like McDonalds.

Next question?