piling up the Chapter 11 risk factors by the month

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Sun Pacific Holding disclosed 11 risk factors in its most recent earnings report. Sun Pacific Holding reported the most risks in the “Finance & Corporate” category.

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Our director and officer, Nicholas Campanella will control and make corporate decisions that may differ from those that might be made by the other shareholders.
Due to the controlling amount of their share ownership in our Company, Nicholas Campanella will have a significant influence in determining the outcome of all corporate transactions, including the power to prevent or cause a change in control . His interests may differ from the interests of other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders

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The current ownership has the effect of concentrating voting control with our Chief Executive Officer and his family; this limits our other stockholders' and your ability to influence corporate matters .
Nicholas Campanella currently holds 12,000,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock is entitled to 125 votes per share. As a result, Nicholas Campanella has 1,500,000,000 voting rights. As a result of this concentration of voting power, Nicholas Campanella will have significant influence over the management and affairs of the Company and control over matters requiring stockholder approval , including the election of directors and significant corporate transactions, such as mergers or other sales of the Company or our assets, for the foreseeable future . This concentration of voting control will limit your ability to influence corporate matters and could adversely affect the market price of our Common Stock once a market is established

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