As the kick off the summer season begins, what we
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Posted On: 05/28/2024 11:13:14 AM
As the kick off the summer season begins, what we know of what we own
Red flags as publicly disclosed by the company
- this is a penny stock
- insolvent since it's inceptions
- all announced projects chances of completions depended on obtaining financing
- company in such bad financial in bad shape that in order for RI to approve the 17 Mil bond the company had to give up ownership of Medrecycler-RI
- to date very minimum success with any attempted projects
- majority revenue producing contacts. Street Smart Outdoors terminated
- none or very minimum sales were ever recorded for the SPP store
- Elba Al property contract expired
- Indonesian SPP solar panels never materialized after labels tweeted
- no revenue reported last recorded filing
- Filings not up to date, delinquent 2023 10k and Q1 2024 10 Q
- 4000 to 1 RS enacted
- Going Concern
Green flags as publicly disclosed by the company and its partners .
- CEO has a large personal investment in the company
- To date no dilution
- Company had signed contracts for every project they announced
- Smartstreet outdoors has actual operations in RI, NJ and Florida
- Two plus years of public record of the work the company did with the Town of West Warwick RI and RI-DEM leading to the RI-DEM letter 0f "intent to approve the project"
- company stock rallied from 0.002 to a high of 34.9cents just on the anticipation that the Medrecycler-RI was going to be approved.
- company by getting rid of non profit operations has been streamlining their operations to concentrate on renewable energy as their main and only focus
- company reduced 10Q "The Company’s focus is shifting away from offering outdoor advertising and towards the assembly and sales of solar panels and associated products."
- Company signed an agreement with PT.IDN Solar to help them build a US solar panel manufacturing facility
- Company signed a deal with Marine battery to service Foxess products
- SPPC has entered into an agreement with FoxEss, as a wholesale distributor for North and South America and Australia.
- SPPC entered into a 2 year exclusive US distribution agreement with GEP New Energy Co. Ltd., a Vietnamese solar panel manufacturing company.
GEP New Energy USA Distribution.
Sun Pacific Power Corp
Phone: +1 (888) 845-0242
Email: info@sunpacificpower.com
https://www.gep-energy.com/pages/contact-us-9
- Company entered in to contract with owner of ELBA property, contract since expired, since the property has never been relisted for sale as a whole it appears there was a issue with the property, so company did a site visit at a new site January 12 to 14 2024,
- SNPW had a team at the site which included representatives from GEP Solar, SC Solar, and Autowell.
-GEP Solar whose contract with SPPC runs out in June 2025 , is helping SPPC setting up manufacturing competing solar panels
The following are what 3rd parties opinions concerning the company
- RI transit, Star Metro Tallahassee Fl, and NJ all were willing to sign ten year contracts with SNPW.
- The town of West Warwick even with all the Red Flags that came with the company approved the Medrecycler-RI Project
- The RI-DEM after it final review of the application "intended to approve" the Medrecycler-RI project as being safe and environmentally friendly for the location chosen.
- Even though the state of State of Rhode Island thought the company could not be the operating owner of Medrecycler-RI they approved a 17 million dollars bond to fund the project
- Invictus Risk management gave the company a Grade A investment rating
- State of Alabama offered the company 10 years of tax incentives and the right to pursue a 50 million dollar bond
- FoxEss a subsidiary of a Fortune 500 company has until until recently listed SPPC on their official website as a GLOBAL PARTNER, even though SPPC has not recorded one dime of revenue for FoxEss since SPPC became a wholesale distributor
https://www.fox-ess.com/global-partner/
- FoxEss invited SNPW to their HQ in December 2023
- GEP New Energy a subsidiary of Sun Group, is using SPPC to launch their products in Australia even though as of Sept 30 2023 SPPC has not sold any solar panels for them.
Undetermined at moment if a RED or Green Flag
- Dilution, how little or how much will be coming
- Solray Inc
- Financing for US manufacturing Facility, yes or no
- Filings, will happen or not
Disclaimer
I will neither recommend a buy , sell, or hold of any position.
Do your own homework and make you own decisions.
Red flags as publicly disclosed by the company
- this is a penny stock
- insolvent since it's inceptions
- all announced projects chances of completions depended on obtaining financing
- company in such bad financial in bad shape that in order for RI to approve the 17 Mil bond the company had to give up ownership of Medrecycler-RI
- to date very minimum success with any attempted projects
- majority revenue producing contacts. Street Smart Outdoors terminated
- none or very minimum sales were ever recorded for the SPP store
- Elba Al property contract expired
- Indonesian SPP solar panels never materialized after labels tweeted
- no revenue reported last recorded filing
- Filings not up to date, delinquent 2023 10k and Q1 2024 10 Q
- 4000 to 1 RS enacted
- Going Concern
Green flags as publicly disclosed by the company and its partners .
- CEO has a large personal investment in the company
- To date no dilution
- Company had signed contracts for every project they announced
- Smartstreet outdoors has actual operations in RI, NJ and Florida
- Two plus years of public record of the work the company did with the Town of West Warwick RI and RI-DEM leading to the RI-DEM letter 0f "intent to approve the project"
- company stock rallied from 0.002 to a high of 34.9cents just on the anticipation that the Medrecycler-RI was going to be approved.
- company by getting rid of non profit operations has been streamlining their operations to concentrate on renewable energy as their main and only focus
- company reduced 10Q "The Company’s focus is shifting away from offering outdoor advertising and towards the assembly and sales of solar panels and associated products."
- Company signed an agreement with PT.IDN Solar to help them build a US solar panel manufacturing facility
- Company signed a deal with Marine battery to service Foxess products
- SPPC has entered into an agreement with FoxEss, as a wholesale distributor for North and South America and Australia.
- SPPC entered into a 2 year exclusive US distribution agreement with GEP New Energy Co. Ltd., a Vietnamese solar panel manufacturing company.
GEP New Energy USA Distribution.
Sun Pacific Power Corp
Phone: +1 (888) 845-0242
Email: info@sunpacificpower.com
https://www.gep-energy.com/pages/contact-us-9
- Company entered in to contract with owner of ELBA property, contract since expired, since the property has never been relisted for sale as a whole it appears there was a issue with the property, so company did a site visit at a new site January 12 to 14 2024,
- SNPW had a team at the site which included representatives from GEP Solar, SC Solar, and Autowell.
-GEP Solar whose contract with SPPC runs out in June 2025 , is helping SPPC setting up manufacturing competing solar panels
The following are what 3rd parties opinions concerning the company
- RI transit, Star Metro Tallahassee Fl, and NJ all were willing to sign ten year contracts with SNPW.
- The town of West Warwick even with all the Red Flags that came with the company approved the Medrecycler-RI Project
- The RI-DEM after it final review of the application "intended to approve" the Medrecycler-RI project as being safe and environmentally friendly for the location chosen.
- Even though the state of State of Rhode Island thought the company could not be the operating owner of Medrecycler-RI they approved a 17 million dollars bond to fund the project
- Invictus Risk management gave the company a Grade A investment rating
- State of Alabama offered the company 10 years of tax incentives and the right to pursue a 50 million dollar bond
- FoxEss a subsidiary of a Fortune 500 company has until until recently listed SPPC on their official website as a GLOBAL PARTNER, even though SPPC has not recorded one dime of revenue for FoxEss since SPPC became a wholesale distributor
https://www.fox-ess.com/global-partner/
- FoxEss invited SNPW to their HQ in December 2023
- GEP New Energy a subsidiary of Sun Group, is using SPPC to launch their products in Australia even though as of Sept 30 2023 SPPC has not sold any solar panels for them.
Quote:
Sun Pacific Holding Corp
@SunPacificPower
Working with GEP and Sun Group expansion into Australian market and introducing many solar panel designs and sizes
Undetermined at moment if a RED or Green Flag
- Dilution, how little or how much will be coming
- Solray Inc
- Financing for US manufacturing Facility, yes or no
- Filings, will happen or not
Disclaimer
I will neither recommend a buy , sell, or hold of any position.
Do your own homework and make you own decisions.
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