Replies to post #82560 on Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

He’s the artful Dodger.

You are correct, he didn’t answer the question.

The tweet stated snpw would update over the next few weeks - from 3/1/2021. I don’t see where there was any update on this specific topic. No identification of the states they were in review with. No updates on the tax exempt bond funding.

Then on 5/28/2021 the below the material agreement was filed. Looks to me they received an economic interest in the project in return for permanent financing.

Water under the bridge at this point. But for someone to state “ July 2021 the project was denied by RI-DEM the company was unable to obtain funding to take it to another state, so later that year the company decided to transition to the solar sector” seems a bit of a jump.” What happened to the “permanent financing.”

It is amazing that some investors are just so uneducated and quick to speculate/ jump to conclusions.

Sun Pacific Holding Corp
@SunPacificPower~
·
Mar 1, 2021
We are now in review with several US states for tax-exempt bond funding to build waste-to-energy facilities. ♻️ We will update over the next few weeks on our progress.
Item 1.01 Entry into a Material Definitive Agreement.


Item 1.01 Entry into a Material Definitive Agreement.
On May 28, 2021, Sun Pacific Holding Corp. (the “Company”) entered into a Net Profit Participation Agreement and Assignment (the “Agreement”) on behalf of their wholly owned subsidiary MedRecycler, LLC (“MRLLC”) and with MedRecycler-RI, Inc. (“MRRI”) wherein in order to secure permanent financing for their medical waste to energy project (the “Project”), the Company has agreed to relinquish its interest in the equity of MRRI held by MRLLC while the Company is provided an economic interest in the Project without liabilities. May 28, 2021, Sun Pacific Holding Corp. (the “Company”) entered into a Net Profit Participation Agreement and Assignment (the “Agreement”) on behalf of their wholly owned subsidiary MedRecycler, LLC (“MRLLC”) and with MedRecycler-RI, Inc. (“MRRI”) wherein in order to secure permanent financing for their medical waste to energy project (the “Project”), the Company has agreed to relinquish its interest in the equity of MRRI held by MRLLC while the Company is provided an economic interest in the Project without liabilities.

My opinions.