another example how shareholders got screwed from
Post# of 12546
(Total Views: 140)
Posted On: 04/23/2022 2:57:07 PM
another example how shareholders got screwed from so many bad moves and bad loans the company has made over the past 4 years.
Article Clip: "MANALAPAN, N.J., Aug. 16, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) announced that on August 9, 2019, the Company filed a Form 14C with the Securities and Exchange Commission with the shareholders of the Company consenting to an increase in the number of authorized shares as was obligated by contract per the settlement of its convertible debt with Auctus Fund, LLC (“Auctus”). Auctus who still hold warrants of the Company shares required a certain number of shares to be reserved. Their requirement coupled with the Company not also having sufficient authorized shares available to also satisfy EMA Financial, LLC (“EMA”) remaining share balance and warrants created the need for the Company to increase its authorized shares. While the Company has extinguished its convertible debt with Auctus, the Company also hopes to extinguish its remaining convertible debt with EMA in the coming weeks."
This was before the medi-ri nightmare.
https://www.streetinsider.com/Globe+Newswire/...?classic=1
It never ends! So much incompetence and distractions. Company will never succeed without hiring business professionals with real world experience and successful track records.
Do your own due diligence
God bless. Never give up.
imho
cheers
Article Clip: "MANALAPAN, N.J., Aug. 16, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) announced that on August 9, 2019, the Company filed a Form 14C with the Securities and Exchange Commission with the shareholders of the Company consenting to an increase in the number of authorized shares as was obligated by contract per the settlement of its convertible debt with Auctus Fund, LLC (“Auctus”). Auctus who still hold warrants of the Company shares required a certain number of shares to be reserved. Their requirement coupled with the Company not also having sufficient authorized shares available to also satisfy EMA Financial, LLC (“EMA”) remaining share balance and warrants created the need for the Company to increase its authorized shares. While the Company has extinguished its convertible debt with Auctus, the Company also hopes to extinguish its remaining convertible debt with EMA in the coming weeks."
This was before the medi-ri nightmare.
https://www.streetinsider.com/Globe+Newswire/...?classic=1
It never ends! So much incompetence and distractions. Company will never succeed without hiring business professionals with real world experience and successful track records.
Do your own due diligence
God bless. Never give up.
imho
cheers
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