Replies to post #71701 on Sun Pacific Holding Corp (SNPW)

[karmakaziXpert]

Just another side-company conflict with Snpw.

Have to "wonder" "what if" shareholders had a vote on things like this after the last 5 1/2 years of a company being driven off a cliff? Same signer for both parties to the agreement?

$SNPW> On April 1, 2023, the Company’s wholly owned subsidiary, Sun Pacific Power Corp. entered into a joint venture agreement with CAC Realty, LLC, an entity wholly owned by Nicholas Campanella, our sole director and chief executive officer. The joint venture provides that Mr. Campanella will provide the working capital to operate Sun Pacific Power Corp.’s solar sales operations for a period of up to 4 months. In return, CAC Realty, LLC will receive a 12 month, 5% promissory note for all moneys paid to the joint venture and 30% of gross profits earned by Sun Pacific Power Corp. (recent 10k pg f-15)

What happened to the philosophy about foxess providing all of the sales support and leads? Recall some alluding to foxess ramping up sales and marketing for Spp. Sales and marketing was going to be taken care of by foxess? That ain't even close to happening. LOL

Not one shipment from foxess since a couple of dozen demo units shipped on June 9, 2022. Filings show ZERO solar product sales?

just my opinion

good luck

[ProfitScout]

The SNPW focus on renewable energy projects puts the company's business plan in the biggest slice of the emerging green energy market sector. The company's upcoming US solar products manufacturing plant has perfect timing for the high dollar shift of energy investment dollars today.

Green energy investment tops $1 trillion, matches fossil fuels
https://techxplore.com/news/2023-01-green-energy-investment-tops-trillion.html

From the news feature:
Globally, renewable energy was the biggest sector for investment at $495 billion, followed by electrified transport projects.