Replies to post #64137 on Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

Taking a step back from the financing discussion, it has been reported (below) that snpw and PT. IDN have signed an agreement to help build a solar panel facility. What are the details of this agreement? What is stipulated in the agreement as it relates to each company. Who is going to own the facility, run the facility, participate in funding, participate in profits etc.


“ Section 8 – Other Events

On May 20, 2022 announce Sun Pacific Holding Corp. Subsidiary Sun Pacific Power Corp and PT. IDN SOLAR TECH sign agreement to help build a solar panel facility to manufacture up to 1GW of solar panels per year, leading annual revenues to $450 million”

https://www.otcmarkets.com/filing/html?id=15834898&guid=Osz-knSQbFBUdth

My opinions.

[rickstereo3333]

Construction begins before Underwriting?........BULLSHITE x 10,000



What is project underwriting?

Project Underwriting is a formal process during which an investor (project sponsor) analyzes risks and uncertainties related to a given project for sponsorship opportunities to determine if there is a technically feasible and economically reasonable foundation for making investments in the project.


Quote from pr.....The financing is commencing at this time and underwriting analysis of the project will determine feasibility, testing, and other market considerations.



Also as to this comment being questioned......"By offsetting the risk, we seek to drive the enthusiasm and positivity of the proposed key funders to engage.”

This statement was made by paul rowland of invictus, NOT by snpw.


Project Management and English 101