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

IMO, 1st time, actually looking like a real chance

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Post# of 13515
(Total Views: 108)
Posted On: 06/20/2024 5:31:43 PM
Posted By: ThreeEmInEn
IMO, 1st time, actually looking like a real chance of a class action lawsuit.

well, there's so so so much discovery available in the thousands of message board posts, company's dogwhistle tweets (lining up w/ stock action), embarrassing Facebook & Instagram posts, years of horrendously exaggerated and inaccurate press releases and SEC filings prior to Q3 2023.

as a non-shareholder, I was under the impression that most shareholders didn't care and just figured they lost all of the value and were moving on to something real.

now hearing some using (nervous defense) the ceo's loaning money to company and deferring salary as some exonerating measure in lieu of the 7 year train wreck. LOL thinking those might be some of the oldest tricks in the book. more on that later.

looking at millions spent on SG&A and where those, nearly, 700,000,000 of convertible shares of dilution (convertible loan money) landed, is where I'd start. Then get the skinny on the 6 million of Medrecycler pyrolysis equipment location (not difficult). Filings seem to indicate the Medrecycler pyrolysis equipment was supposed to collateral for the bond backer if the project failed? Then check the accounting on how Snpw was able to use Medrecycler write-off for 3.1 mil in 2021 through a de-consolidation financials/books method. More so, since the public company was stripped of Medrecycler LLC membership (assets) by the ceo effective January 1, 2023 for Medrecycler not being able to pay back the ceo's loan from 2018. lmao!

in my opinion

cheers








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