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

someone needs to understand share value vs cash va

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Post# of 13517
(Total Views: 127)
Posted On: 06/02/2024 2:05:49 PM
Posted By: ThreeEmInEn
Re: drugmanrx #8577
someone needs to understand share value vs cash value

Quote:
Also a personal 11 million dollars lost is a personal 11 million dollars lost, that doesn't sound sweet.



To use your convenient number, 11 million, it would be a temporary loss in stock value, not cash.

Walls already reminded you of robbing the cookie jar scenario with folded, but not dissolved, subsidiaries, still shown as active in the respective states. Then the missing Medrecycler assets that were used in a 3.1 mil de-consolidated write off by Snpw in 2021 (did anyone think to GPS chip the Medrecycler equipment?)

IMO, Then the huge SG&A expense allocations (professional fees, travel, food & entertainment, etc)

IMO, Then the 66K of free Covid-19 money in 2020 and 2021

IMO, Then the partial repayment of loans (study the filings)

IMO, Then miscellaneous company assets that have been sold. Where are the bus shelters never installed? What about the SPP vans, displayed in a tweet, with photo of work vans and a former office location with the text caption "where it all started". That cash, seemingly, has also been spent.

in my opinion

cheers

in my opinion

cheers







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