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

ROFLMAO! Defrauding investors?????? Seems li

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Post# of 13546
(Total Views: 142)
Posted On: 04/04/2024 11:29:48 PM
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Posted By: drugmanrx
Re: Biggamesjames #6956
ROFLMAO!

Defrauding investors??????

Seems like the CEO always been up front to those that actually read the financials.

10K

Quote:
Going Concern

The Company has an accumulated deficit of approximately $8.0 million and a working capital deficit of approximately $3.1 million as of December 31, 2022.(tell the investor they have debt) The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtain additional financing from its stockholders and/or other third parties.(Tells inventors that it is a huge risk to own their stock)



In order to further implement its business plan and satisfy its working capital requirements, the Company will need to raise additional capital.(tell investors their need money to continue) There is no guarantee that the Company will be able to raise additional equity or debt financing at acceptable terms, if at all.(Tell investor their is a chance of complete failure)



There is no assurance that the Company will ever be profitable.(makess no promises of ever being profitable) These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.(tell investors complete failure is a possibility)




ROFLMAO!

But you sickos keep patting yourselves on the back for repeating every day of your life something that the company has been telling you since it filed it first report.

IT IS A HIGH RISK INVESTMENT!







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