Sun Pacific Power Pty Ltd is NOT a Snpw subsidiary

Sun Pacific Power Pty Ltd is NOT a Snpw subsidiary and it's not owned by any Snpw subsidiary.

https://sunpacificholding.com/subsidiaries/

Sun Pacific Power Pty Ltd is an Australian proprietary entity with shares owned, only, allowed, by a limited number of individuals. It cannot be owned by a shareholders of a public company.

Do the due diligence. Don't let the paid pumpers tell you otherwise.

https://legalvision.com.au/what-does-pty-ltd-mean/

Here's the effing truth:

Quote:

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You have probably noticed that most company names end with the abbreviation ‘Pty Ltd’ . This is short for ‘proprietary limited’. The label of ‘proprietary limited’ for a company refers to its business structure. Specifically, it is where shareholders have limited legal responsibility for the company’s debts. Private companies are relatively easy to set up and not too difficult to maintain. As a result, proprietary limited companies are the most common type of company in Australia. This article will delve deeper into the meaning of the ubiquitous Pty Ltd term and the requirements for Pty Ltd companies.

‘Proprietary’
The ‘Pty’ or ‘proprietary’ in ‘proprietary limited’ means that as a business structure, a limited number of shareholders own the shares in the company. In addition, the company cannot offer its shares to the general public. This is in contrast to public companies which end with the abbreviation ‘Ltd’. An unlimited number of shareholders can own shares in a public company and the company can offer its shares to the general public. If it is a listed company on the Australian Stock Exchange (ASX), you can buy and sell its shares. Private companies are more limited in their ability to raise capital as they are unable to sell an unlimited amount of shares to raise money. However, public companies face stricter regulations, including significant accounting and reporting obligations put in place to protect the public. (THE OPPOSITE OF WHAT SNPW HAS BEEN DOING SINCE APRIL 1, 2024)

‘Limited’
The ‘Ltd’ or ‘limited’ in ‘proprietary limited’ refers to the fact that a shareholder’s legal responsibility for a company’s debts or liabilities is limited to the number of shares they own. In other words, if a company becomes insolvent, the shareholders only lose the money they used to purchase their shares. If a shareholder has only partly paid for their shares, they will need to pay the remaining money they owe for those shares.

An alternative to a company limited by shares is a company limited by guarantee . In these companies, members agree to a certain amount of legal responsibility upon becoming members. In other words, they agree to guarantee a certain amount of liability to the company.

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(OF COURSE THIS AUSTRALIAN IS NOT A COMPANY LIMITED BY GUARANTEE. SPP Pty Ltd WOULDN'T AGREE TO ANY CERTAIN AMOUNT OF LIABILITY TO ANY COMPANY)

So,you might want to ask yourselves, "Who are (is) the limited shareholders of the private PROPRIETARY (Pty) entity known as Sun Pacific Power Pty Ltd? Its NOT Snpw and it's NOT Dun Pacific Power Corp.

So stop with the bullsh#tting shareholders of Snpw making them think they OWN any interest in Sun Pacific Power Pty Ltd. Hope the SEC comes knocking on your door soon!

in my opinion

cheers