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

Horrendous 2022 Q2 10-Q out ...as expected Comp

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Post# of 13555
(Total Views: 105)
Posted On: 08/22/2022 10:23:45 AM
Posted By: ThreeEmInEn
Horrendous 2022 Q2 10-Q out ...as expected

Company is on a slow and steady path to .000. Read the Q2 quarterly filing released Friday, August 19, 2022. Lost ri bus shelter business without issuing an 8-K within 4-5 days after the company knew of this material change to a previous 8-K announcing the 10 year contract.

You'd have to try so hard...to do as bad as the company did. Selling 84K of assets in order to pay an a ridiculous increase in salaries, wages and general administrative that exceeded the quarterly revenue. Instead of reducing the 7 mil+ in operating deficit carryover.

Things are not good if you know how to read financials.

my opinions are ONLY my opinions

always do your own due diligence

imho

cheers



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