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  4. Sun Pacific Holding Corp. (SNPW) Message Board

Market Cap headed back towards realistic 800K T

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Post# of 13514
(Total Views: 187)
Posted On: 04/22/2022 5:02:50 PM
Posted By: ThreeEmInEn
Market Cap headed back towards realistic 800K

That would be close to the value of preferred shares of the ceo at the price per share issued to himself. Then we can start with a level playing field allowing common shareholders to enjoy an entry point that will allow for a great chance to actually make money if the company can find a way to finally start generating that 6 mil, per year, as projected back in 2017 with its solar bus shelters. (see link below)

Clown's Post: https://investorshub.advfn.com/boards/read_ms...=151122108

Published 2017 article: https://www.billboardinsider.com/street-smart...-contract/

Unfortunately, not one dime of revenue generated in that space despite the posts about being on that long list of providers posted dozens of times.

Solar farms and waste 2 energy planned projects may never happen based on history. But if one of all these visionary projects with no funding does get out the gate....expect 2-3 years before any sign of revenues. That's without knowing whether the company's agreements include 15% or 25% or 50% revenue sharing.

That's the reality but nobody knows how real anything is with the company when you take a hard look back on poor performance due to major lack of execution even with paper in hand.

10-K Clip below from page 13 - 4 year window of REALITY picture of the only subsidiary that generate a dime of revenue that lost $90K in 2021

https://www.otcmarkets.com/filing/html?id=157...HTM_ab_026

Project Financing Obligation
In June 2018, the Company received proceeds of $260,000 pursuant to a partnership agreement and related partnership contribution agreements with third party investors, pursuant which investors have agreed to provide financing for no less than (10) ten new bus shelters being installed annually. Each investment in the partnership grants the investor the right to preferential distributions of profits related to the Company’s contract with Rhode Island. The investors receive 100% of the profits from the Rhode Island contract to install 20 bus shelters until 100% of the initial investments are returned. Thereafter, the investors receive 20% of the remaining profits from Rhode Island contract. As of December 31, 2021 and 2020, no profits have been earned on the Rhode Island contract, no repayments have occurred, and the total amount of investments received totaling $260,00 is reflected on the accompanying consolidated balance sheet as a Project Financing Obligation.


First Edition of "holding them accountable" for the upcoming weekend. Enjoy!

God Bless. Never give up.

Do your own due diligence

imho

cheers



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