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

So company settles for wholesale of glass solar pa

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Post# of 13739
(Total Views: 107)
Posted On: 05/29/2022 7:45:08 PM
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Posted By: drugmanrx
Re: ThreeEmInEn #1963
Quote:
So company settles for wholesale of glass solar panels being made on the other side of the planet


Just want make make sure I got this right, are you complaining that the company HAS ADDED their own branded glass solar panels to sell as the story was told in the 10K "entered into an agreement with a South Asian solar manufacturer to act as a original equipment manufacturer (“OEM”) for Sun Pacific Solar Panels and associated products."



Quote:
8-K tells a different story with specific language stating "help build" a solar panel manufacturing facility


the help in the "HELP- BUILD" in that 8k could very well mean help with the financing.

Quote:
SNPW/REEA agreement with Aspire after FoxEss agreement.
Recent 10-K and 10-Q tell a different story by not even being mentioned in either filing.



But yet, Cameron McKenzie, CEO of ASPIRE, stated “with more of a focus on net zero targets, ASPIRE and the team are looking forward Insert-tag-hereto work with REEA & Sun Pacific Holding Corp to build greater circularity for materials.
and

Quote:
Medrecycler-RI appeal is after the FoxEss agreement.
10-K tells a different story. snpw owns and owes nothing affiliated with medi-ri to date.



LOL.Complaining that Medrecycler LLC sold it first franchise and that the CEO has gotten someone else to finance the whole thing, costing SNPW nothing but still receiving part of the profits of the Medrecycler-RI. Per 10Q "On May 28, 2021, MedRecycler, LLC, exchanged its 51% interest in MedRecycler RI, Inc. a Rhode Island Corporation for a profit participation agreement with MedRecycler RI, Inc"

Quote:
Bus shelter ad business looks lo have lost 33% of its iri bus transit entity's shelter inventory to a competitor. Due diligence has confirmed this and is public knowledge not made available to shareholders by the company since it occurred in Q2



Look like a smart business move. Per 10Q. As of March 31, 2022 and December 31, 2021, 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. Given the recent termination of the Rhode Island contract, along with a partial sale of eight of the units of the twenty units, the partnership is in the process of being terminated and settled among the parties to the partnership." Seemed to have a beneficial as per 10 Q revenue increase 3.5 times compared to Q1 in 2021.

Non Glass solar panels with the SNPW/IST agreement will have a place to be manufactured after the FoxEss agreement
Recent 10-K and 10-Q tell a different story with statement acknowledging no money to get UL certs for patents on non-glass solar panels


Gee, Complaining that the company has no money to get UL certs for patents on non-glass solar panels and the next breath complaining that the company margins will be low that will bring in revenue. But worst then that complaining that a partner is help building a manufacturing facility that will have give the company a place to manufacture their non glass solar panels.



Quote:
All[ projects seem to be advancing pretty nicely.
Not according to most of the SEC filings confirming every quarter for years the company's insolvency. Maybe you're investing based on tweets?



Yet, all projects are moving forward. There is years of documented history to show what the company did with no money.


Complaining what was in the FIRST SHIPMENT from FoxEss, the first shipment from a Fortune 500 company.SMH


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