Replies to post #59608 on Sun Pacific Holding Corp (SNPW)

[Myth]

we also know a REVERSE SPLIT is looming....

[ForeignCitizen]

Maybe shareholders can put a class action law suit against the state since their last minute and day before DEM decision they put this through without merit or even wait to see whether DEM response would be, they even modified the proposed bill on the senate floor to specifically target medical waste in lieu of the original bill against high heat which would have banned BBQ and home heating furnaces. I think its worth a try if everyone puts in a few bucks for legal action I'm sure the companies lawyer would love this as a plan IMO

We also know this because the State of RI rushed to create a NEW LAW specially against the process because they knew that the RI-DEM could not deny on the process on it's merit.

[Myth]

Our director and officer, Nicholas Campanella, holds substantial debt that is convertible into common stock, resulting in even greater control over the Company.



Nicholas Campanella holds convertible promissory notes in excess of $800,000, making Nicholas Campanella the largest creditor of the Company outside of the MedRecycler project. The convertible promissory notes are convertible into common stock at rate of a 50% discount to market. If Nicholas Campanella were to foreclose upon the limited assets of the Company, we would likely have to file for bankruptcy. Alternatively, Nicholas Campanella could convert the promissory note into common stock increasing his control over the Company.