$SNPW(.003)~ cash per share currently $.026 but sh
Post# of 37050
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Posted On: 12/13/2019 2:46:55 PM
Re: i_like_bb_stock #9484
$SNPW(.003)~ cash per share currently $.026 but share price .0032 and 90% discounted price
with current 16.32 million dollars cash / 627 million outstanding shares=$.026 cash per share. (HAVEN'T ADDED 12.6 MILION DOLLARS OF NEXT WEEK yet)
SNPW currently has $16.32 million working capital and $1.6 million current market cap.. it is extremely undervalued.
https://www.otcmarkets.com/stock/SNPW/security
ALL LINKS BELOW CHECKED..
SNPW~ got $8.72 Million NON-CONVERTIBLE BANK LOAN
On October 9, 2019, the Company entered into the First Amended Indenture of Trust (the “Amended Indenture”), with UMB Bank, N.A., a national banking association (“UMB”) increasing the principal under the original Indenture of Trust by two million seven hundred thousand dollars ($2,700,00.00). As a result, MedRecycler-RI, Inc. owes an aggregate of eight million seven hundred twenty-five thousand dollars ($8,725,000). As a condition to entry into the Amended Indenture all parties providing security interest, pledges, and guarantees pursuant to the Original Indenture of Trust signed on February 7, 2019, including the Company, agreed to extend such security interest, pledges, and guarantees pursuant to the terms of the Omnibus Amendment Agreement between the securing parties and UMB, as Trustee on October 9, 2019. In addition, the Trustee required that MedRecycler-RI, Inc. further agree to assign any and all contractual rights related to the equipment.
SEC FILINGS 10Q PAGE 18
https://www.otcmarkets.com/filing/html?id=137...ew--YPWYyh
SNPW~ got $4.5 million bond form Rhode Island Government.
Officially Approved By Rhode Island Goverment Treasure Staff $4.5 million bond.
http://debt.treasury.ri.gov/notice-of-public-...015103b23/
SNPW~ got $3.1 Million From The manufacturer as a partnership agreement
On October 21, 2019, MedRecycler–RI, Inc., a subsidiary of the Company (“MedRecycler”), entered into a profit participation partnership agreement with its medical waste to energy equipment manufacturer. The manufacturer will contribute approximately $3.1 million in Hydrochloric acid (“HCL”) refining equipment that will allow elements of the MedRcycler medical waste residuals to be processed into HCL for sale. The partnership agreement provides for the contribution of the processing equipment in return for a twenty percent (“20%”) gross profit participation right from the processing and sale of the HCL. MedRecycler will contribute and utilize elements of the residual that is produced from the processing of medical waste, along with housing and operating the equipment as part of the agreement. The asset contribution and profit participation partnership agreement are contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI.
SEC FILINGS 10Q PAGE 18
https://www.otcmarkets.com/filing/html?id=137...ew--YPWYyh
Read More: https://investorshangout.com/post/view?id=561...z681BWYTDn
with current 16.32 million dollars cash / 627 million outstanding shares=$.026 cash per share. (HAVEN'T ADDED 12.6 MILION DOLLARS OF NEXT WEEK yet)
SNPW currently has $16.32 million working capital and $1.6 million current market cap.. it is extremely undervalued.
https://www.otcmarkets.com/stock/SNPW/security
ALL LINKS BELOW CHECKED..
SNPW~ got $8.72 Million NON-CONVERTIBLE BANK LOAN
On October 9, 2019, the Company entered into the First Amended Indenture of Trust (the “Amended Indenture”), with UMB Bank, N.A., a national banking association (“UMB”) increasing the principal under the original Indenture of Trust by two million seven hundred thousand dollars ($2,700,00.00). As a result, MedRecycler-RI, Inc. owes an aggregate of eight million seven hundred twenty-five thousand dollars ($8,725,000). As a condition to entry into the Amended Indenture all parties providing security interest, pledges, and guarantees pursuant to the Original Indenture of Trust signed on February 7, 2019, including the Company, agreed to extend such security interest, pledges, and guarantees pursuant to the terms of the Omnibus Amendment Agreement between the securing parties and UMB, as Trustee on October 9, 2019. In addition, the Trustee required that MedRecycler-RI, Inc. further agree to assign any and all contractual rights related to the equipment.
SEC FILINGS 10Q PAGE 18
https://www.otcmarkets.com/filing/html?id=137...ew--YPWYyh
SNPW~ got $4.5 million bond form Rhode Island Government.
Officially Approved By Rhode Island Goverment Treasure Staff $4.5 million bond.
http://debt.treasury.ri.gov/notice-of-public-...015103b23/
SNPW~ got $3.1 Million From The manufacturer as a partnership agreement
On October 21, 2019, MedRecycler–RI, Inc., a subsidiary of the Company (“MedRecycler”), entered into a profit participation partnership agreement with its medical waste to energy equipment manufacturer. The manufacturer will contribute approximately $3.1 million in Hydrochloric acid (“HCL”) refining equipment that will allow elements of the MedRcycler medical waste residuals to be processed into HCL for sale. The partnership agreement provides for the contribution of the processing equipment in return for a twenty percent (“20%”) gross profit participation right from the processing and sale of the HCL. MedRecycler will contribute and utilize elements of the residual that is produced from the processing of medical waste, along with housing and operating the equipment as part of the agreement. The asset contribution and profit participation partnership agreement are contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI.
SEC FILINGS 10Q PAGE 18
https://www.otcmarkets.com/filing/html?id=137...ew--YPWYyh
Read More: https://investorshangout.com/post/view?id=561...z681BWYTDn
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