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Nick Campanella: We have not taken that project off the table but we did not renew

MedRecycler LLC since it was a non-entity holding company. After the Rhode Island State changes we decided to let that non-renew. MedRecycler-RI Inc was removed from SNPW when we could not obtain a state bond unless we removed it from the SNPW business plan. For doing that we provided a 51% profit participation rights agreement with no liabilities or expenses to the company. We have since settled all our debts and obligations for that entity which did not impact SNPW with any legal or financial burdens.
https://www.einnews.com/pr_news/637867026/exc...y-projects

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Rhode Island landlord was paid in full. We did not owe any money! We negotiated with the landlord to allow us to terminate our 20-year lease since the state made it illegal to process high heat manufacturing. We were able to negotiate and eliminate having to be obligated. $snpw
6:10 PM · Jul 12, 2023
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989
Views https://x.com/SunPacificPower/status/1679251909553577984

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drugmanrx Free 10/16/24 10:25 PM
Post #82,559
Re: #82,558: @wallstreet1231 - You state the company was unable to obtain
I believe an update was provided 6/3/21

Where do you conclude the company did not obtain financing?


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.



Don’t remember a specific update being provided on this tweeted opportunity


Seems pretty specific to me .

Since there were no other Medrecycler projects in other states reported in any of the future filings updates it could be concluded that they did not fair well in the other states reviews for tax exempt bonds.

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