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

A BIG FAT " ZERO" with solar bus shelter revenue s

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Post# of 13589
(Total Views: 116)
Posted On: 08/19/2022 11:30:22 PM
Posted By: ThreeEmInEn
A BIG FAT " ZERO" with solar bus shelter revenue since 2018

Page 15
https://www.otcmarkets.com/filing/html?id=160..._HTM_a_002

Quote:
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 June 30, 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 .



Same big fat ZERO with every filing for 5 years!

How many trash cans do you think the company has installed and generated any revenue with sinec 2018? Take a freak'n guess!

imho

cheers


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