Replies to post #81271 on Sun Pacific Holding Corp (SNPW)

[1jk1]

The Board approved a resolution to give to the Board of Directors of the Company the option to effectuate a reverse stock split at a ratio of 4,000 to 1 after the filing of this Form 14(c).** Our stock price has made it difficult to attract new investors and potential business candidates and opportunities. ** The Board of Directors believes that a reverse stock split will help prepare the Company to meet the listing requirements of the OTCQB or other exchanges.
https://www.otcmarkets.com/filing/html?id=17000358&guid=Be5-kWrUh_JpJth

icymi
dyodd

Well apparently they do need to do one lol. My big question is, is this the necessary evil to finance or is company going belly up? TBD

[chemist72]

Financing possibilities will be greatly EXPANDED after the RS.

SNPW will have almost another one BILLION shares to issue to various parties for cash. It's the way many scams continue their existence for years to come.

All I can say is caveat emptor.